Enjoying a vacation doesn’t have to mean going into debt. Financial Highway offers some tips for no-stress trip planning. First, set up a basic savings account dedicated to your vacation. Use the account for bonuses and unexpected windfalls, but also make deposits on a regular basis. While you’re watching your money accumulate, plan your trip. By planning ahead, you have the time to search for deals and discounts, which can make a big difference in the amount you spend. Finally, set a vacation budget to include lodging, food, transportation and extras. Your budget will provide you with a clear picture of costs and activities and help you relax on your well-deserved break.
Read full article here: Saving Money for Summer Vacation and Activities
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.