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Open a dedicated Vacation Savings Account.
I recommend getting an account at a bank or credit union that is different from your normal banking place that way it’s harder for you to get to the money to use it.
The best way to save is to start planning early.
To save for your trip, try saving $1 the first week, $2 the second week, etc. After 52 weeks, you’ll have over $1300 saved. After 2 years, you’ll have over $5000 saved.
Another idea is to never spend your change.
Collect every penny, nickel, dime, and quarter and watch those pennies add up!
Sell some stuff.
Have a garage sale, post some stuff on Offer Up or Facebook Marketplace.
If a payment ends, keep making it — to yourself!
For instance, if you pay off a car or a credit card, keep making that payment, but instead write the check to yourself and deposit it into your vacation savings account.
Make your credit card work for you.
There’s tons of credit cards out there that will give you cash back, flight miles, or hotel rooms stays – put your monthly utilities on that card and watch your points add up!
Make a rule that “found” money goes in the vacation fund.
For instance, if you get a rebate, tax refund, gift check or work bonus, deposit it in the vacation account.
Cut back on your monthly food budget.
Chances are, you’re wasting money on eating out a little too often. Choose to dine at home and you’re guaranteed to save some moolah.
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