Top Tips For Funding Your Next Vacation

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Top Tips For Funding Your Next Vacation
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• While budgeting may not be something you are
  naturally inclined to do, if you are planning for
  something like a vacation that has the potential
  to rack up hundreds of dollars in expenses, it is
  often the most sensible option, particularly if
  you are not in a high earning bracket or have
  other daily costs and expenditures to consider.
• Check out the following tips for ways to help
  fund your next vacation
• Have an account solely for your vacation
• Whether you set up direct payments to your
  vacation account, or pay money into it whenever
  you can, keeping it in a separate account and
  being strict about not

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• touching it, is one of the best ways of helping
  to save funds for a vacation.
• Make automatic transfers to your vacation
  account
• It can be a pain to transfer money into one
  account to another when done manually, but when
  you set up an automatic bank transfer, your
  chosen amount will simply appear in your savings
  account on the chosen date. You can of course
  make this a regular weekly or monthly transfer,
  or when you feel have enough money saved up,
  simply have it transferred automatically then.
• Check whether your employer may even be able to
  split your pay check into more than one account
  through a direct deposit.

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• Try to give an estimate of your vacation costs
  well in advance
• It can be easy to underestimate the costs of a
  vacation, particularly if you dont account for
  daily expenditures such as food, travel costs,
  gifts and souvenirs, for example. Having a target
  in mind even if you over estimate the amount
  will help you to focus on saving for that amount
  and should discourage you from spending out on
  things unnecessarily in the meantime.
• To help you arrive at an estimated weekly/monthly
  saving amount to keep you on track for the cost
  of your vacation, take the total estimated cost
  of your trip and divide it by the number of days
  or weeks remaining until you are set to leave.

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• Be strict with extra spending
• Something as simple as not stopping off at the
  coffee shop every morning can help save you a few
  extra dollars a day, and if you are strict with
  other expenses that are not essential, youll be
  surprised at just how much money you can save
  over a short space of time.
• Get yourself a piggy bank!
• While putting loose change in a jar or piggy bank
  is something many of us associate with the
  actions of kids, there is no reason why we as
  adults, cannot do the same when saving for a
  vacation. In fact, as with cutting down on

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• unnecessary daily expenses, youll be surprised
  how many dollars you can accumulate simply by
  popping your loose change in a jar.
• Have a yard sale or sell items online
• Anything that you no longer use, or need can be
  sold to help fund your vacation, and if someone
  is willing to give you money for something you no
  longer want, why not let them!
• Get into the right frame of mind
• It may sound simple and even a little childlike
  but cutting out pictures of your

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• vacation destination and sticking them up around
  your home in prominent positions, can really help
  motivate you towards saving for your upcoming
  trip. You could also change the screensaver on
  your pc, and even the cover image on your cell
  phone!
• While planning for your trip, try to combine all
  the above strategies to ensure that you have the
  maximum amount of funds in your vacation account,
  that way you wont have to scrimp on anything
  when the time comes around, and saving for the
  trip will not have felt so much like pulling
  teeth!

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