How to Pay Cash for a Vacation
How to pay cash for a vacation
When many people take a vacation, it follows them home...in a bad way. That means that when they return home, they are still paying on the credit cards that they used on vacation.
Everyone today has the mind set of simply pulling out their credit cards to pay for vacation. That can be very dangerous but people seem to think that is the easy way. Despite that popular opinion, it is very easy to pay cash for a vacation. You start by having a weekly deduction from your paycheck automatically put into a savings account. This money will come out of your check before you even see it, much the same as the government takes taxes out of your check. Many people don't really stop to think how much money the government is taking, but that is a subject for another article.
In this example we will put $20 per week into a savings account. At the end of 1 year, you have $1,040 to spend on vacation. You may say that $1,040 isn't much money for a vacation, but what you can have is a vacation that does not follow you home. You can take a 3-4 day vacation and pay cash for it.
If you want to go on a more expensive vacation you can always just take a weekend trip one year. Do not spend all of the money that you have saved. Only spend about $300. The next year you will have $740 from the previous year plus $1,040 from the current year. The total money available to spend on vacation would be $1,780.
Remember the main goal of a vacation is to get away from the stress of work for a little while and enjoy yourself. You can do that in 2-3 days or a few weeks. It is much less stressful when you return and know that you have all ready paid for your vacation .
Obviously if your budget allows you to set more money aside than $20 per week for a vacation, then you can have more money to spend for your vacation.
Save money for your vacation
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