Saving for Vacations

You want to take a vacation, but where will you get the money? You could just put the whole trip on the credit card and worry about it later. ~Alas…there is another option! How about starting a Vacation account?

Much like a ‘holiday or Christmas’ bank account…a Vacation account is a great way to get started saving for your trip. Many banks and Credit Unions offer them, and you can contribute to them by payroll deductions.
The last thing you want to do while on vacation is to worry about how you’re going to pay when the bills come due. A Vacation account is a great way to eliminate this worry, and set you toward a debt free vacation.

The first two steps toward making a vacation affordable are to:

save for it — months before you go
determine how much to spend

Putting away the money before you leave means less financial pain after the trip. The prospect of not having to endure high credit card bills at vacation time is the main reason for saving money in a vacation club account. It’s also a good way to put away money to surprise a spouse with a romantic getaway.

Why would someone open a vacation account instead of just setting aside the money elsewhere?

Discipline.

People always have good intentions to save money. When they see that balance inching upward and find something they want, (like a big-screen TV) they’re more apt to withdraw the money to buy it. But, money set aside in a Vacation club account seems less touchable.

Figuring out how much to save from each paycheck in a vacation club account is like determining how much to sock away for a down payment or other large purchase:

Estimate how much the vacation will cost
Subtract how much of the vacation expense you want to charge on your credit cards

The difference is how much cash you’ll need for your trip. Divide that amount by the number of paychecks you’ll receive before you go on vacation. That is how much you need to save per paycheck. You can set a realistic savings goal for a vacation only after you know where you’re going and what you’re going to do.

You can save a lot of money during the planning process by starting early and shopping around. Many cruise lines and resorts offer ‘Early Booking Discounts’, so get the ball rolling early. The ‘early bird’ really does get the worm when it comes to vacation planning. Huge discounts along with reserving the accommodations you need or desire depend on it. Early planning means more time to save as well.

Many Travel Agents will follow your price paid, and get you a discount if the prices go down after your deposit is paid. You will also get an early jump on tours, excursions, hotel and airline reservations. Contact pete@jollymonvacations.com to for free consultation and realistic estimate of the vacation you deserve!

In summary, you can take the vacation of your dreams and not go into deep into debt if you plan ahead. Less time stressing, means more time enjoying yourself and quality time with your spouse and family is worth it. Don’t delay any longer, get started today! http://www.jollymonvacations.com/