There are few people on earth who would not like to travel to somewhere exotic. Of course, the dream vacation will vary greatly depending upon the person. Some people like tropical beach locations. Others would prefer a cold, mountainous climate that is conducive to a great ski trip. Still others would choose a trip to the savannas of Africa for a safari. Regardless of where a dream vacation would take place, most people have a common problem when it comes to taking this vacation. Their common problem is figuring out how to pay for such a vacation.
Cut Expenses
One of the best ways to save for any goal is through cutting expenses. There are certain fixed expenses, like mortgages and vehicle payments that are not easy to cut out of your budget. However, it is possible to cut expenses in other areas. For example, there is no need to pay full price for many of the common items at the grocery store. By using the Sunday paper coupon inserts or various coupon websites that are now available, it is possible to cut several dollars off of every shopping trip.
Many people like to eat out on a regular basis. Some go to a restaurant every day for lunch. Taking a brown bag lunch with a sandwich and snack can save quite a bit of money over the course of a month. Similarly, eating at home every evening can also save you money. Eating out only once or twice a month over the course of a year can add up to huge savings that can go towards your dream vacation.
Save Money
One way to save money is to use a tax refund. Most people have their withholding set to get a substantial refund when it comes time to pay annual federal taxes. For those planning to go on a dream vacation, it may be wise to save this money for the vacation rather than putting it toward some other purpose. Additionally, it is possible to change the amount withheld to get more money on current checks. This will cut the amount of a refund next year, but when added to the lump sum from the current tax refund, there will be even more money to spend on a dream vacation to Italy, China or Tanzania.
Another way to save for vacation is through the use of a vacation club savings account. These accounts are set up to automatically deduct a certain dollar amount for a specific use each payday. Over the course of a year or two, people who systematically save in this manner can save up for a nice trip.
Use Rewards
One of the best ways to go on a trip for a very low cost is through the use of rewards and loyalty programs. Most hotels and airlines have loyalty programs or frequent flyer programs that pay points or miles that can then be used on future hotel stays or flights. Those who have to travel frequently, for business, can rack up a substantial number of points. Many companies also offer credit cards with huge signup bonuses that travelers with good credit can use to save money for their trips.
People can think that saving for a dream vacation is impossible, however, this is not necessarily the case. With careful planning and discipline you can go on the vacation of your dreams.
Betsy Quindlen is a freelance blogger. She saved a bundle on her vacations after purchasing a RV on consignment from DeMontrond RV.
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- 7 Smart Ways To Spend Your Tax Refund (dangerouslee.biz)
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