Save Money in Advance for Your Next Vacation

The main ingredient for debt-free vacation success is planning and saving well in advance of the actual trip. This should be common sense, but we have all seen too many ads offering easy credit for vacations (such as home equity loans or credit card cash advance checks), to think that no one is taking them up on the offer.

If it is too late to save for this year’s vacation, then make plans to begin saving for next year’s. If you can set aside 5% of your income for vacation that is great. But even a lesser amount saved specifically for vacation will minimize the strain on your overall budget.