4 Ways to Budget For Vacation

Several studies have shown that more than half of American workers leave vacation time unused each year. Is the cost of planning a vacation holding you back from leaving your office? Don’t let it. Here are four ways to plan an epic vacation without breaking the bank.

1. Plan, plan, and plan some more.

Most workers have a set number of days off each year. Calculate how much time you have, and plan out how you’d like to spend those days. Next, think about where you want to go. Check out flight options, hotels, and even discount sites like Groupon and LivingSocial.

2. Save cash.

Put away a small amount of money into a savings account each time you get paid. Thinking in small amounts will make paying off your vacation less stressful. Before you know it, you’ll have a good chunk of cash saved up.

3. Don’t forget to save for something special.

If you’re going somewhere that’s been on your bucket list for years, make sure you put aside some extra money to splurge on something special. The cost might make you hesitant, but it’s a memory you’ll cherish forever.

4. Realize you’ll probably go over your budget.

Don’t be cheap when you’re on your vacation. You already paid a lot of money to take the trip. You might as well splurge on something nice! If you see something you really want, go for it. Be reasonable, of course, but let yourself have a little bit of fun.

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