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How to Avoid the Financial Burden of Your Vacation

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Vacations are not just a luxury but also a necessity and a priority. That is what each one of us, especially workaholics, forgets for years and years and sometimes have to be reminded of taking time-off. Sometimes you delay the thought of taking a vacation from work because you don’t have enough money to support you on your holiday, or because you just can’t seem to pull yourself away from your everyday routine.

If you're ready for a worry-free vacation, there's no time like the present to plan ahead. Careful consideration and a clear plan of action will make your vacation a wonderful memory instead of a troubling financial burden.

Planning and Making Your Vacation a Success:

Vacations don't have to drain your pocket. Proper planning will allow you to enjoy a relaxing getaway and avoid facing financial troubles when going back home. Planning ahead of time is always the best thing to avoid money problems. For example, if you plan to take your vacation in summer, make it a must to save up extra money at least four months ahead of the season’s start. The following step-by-step guide will help you on your way to leisure.

Set a Budget:

Setting a budget that includes every major and minor expense you might make on your trip is very important. You have to set a spending limit before choosing your destination to avoid going overboard with unnecessary expenditure. While putting down your vacation expenses, make sure to include any hidden costs such as transportation, phone calls and custom charges. After you are done with those expenses, subtract the total from your overall vacation budget to decide the amount left for daily activities. To determine your daily spending amount, divide this amount by the number of days.

The purpose of the vacation is to have fun primarily and also not to fret about what you over-spent while you were putting work, family, and the stress of your everyday life on hold. Try to cut down on spending. For example, if you intend to rent a car all through your vacation, choose a reasonably priced car.

Shop for the Best Offer:

Travel agents usually offer cheaper rates than the ones you are going to incur if you planned everything by yourself. To contact travel agencies, check out the newspaper and try to get recommendations from family members or friends who have traveled with a certain agent. If you want to pamper yourself, don’t go for cheap packages or you’ll end up lodging in a half-star hotel with buildings all around instead of the ocean view you were promised.

Planning your vacation on your own is also fun but demands a lot of hard research as contacting different airlines, hotels, car-rentals and other venues. You can enquire, even schedule and book your room and airline ticket online, where almost anything is accessible. You can even pay online using your credit card, which will save you the time and effort.

Book as Early as Possible:

Summer is the high season and the busiest time of the year for vacations and events all over the world. Therefore, booking far in advance is a necessity. Always bear in mind that if there’s a major event in the city you are traveling to, finding rooms in hotels is more difficult and more costly. Advanced booking saves you from high seasonal rates from hotel rooms to airplane tickets.
Be ware of auspicious bargains ads that sound too good to be true and compel you to spend more than you agreed to when reaching your destination.

Choose Your Payment Means Carefully:

If you can afford to pay for your entire trip at once, do it. For travelers on a budget, paying in installments helps to ease the financial burden. Using a credit card is one option as you will be able to set the amount you will be repaying on monthly basis. Taking a loan from your bank is another flexible choice.

Make sure to keep the receipts from the expense you made using your credit card to avoid being charged with payments you didn’t make. In such case, write a letter to your credit-card issuer disputing the questionable charge and keep a copy of your letter. You can either mail it at the nearest available post office or inform your issuer about it as soon as you arrive. Your credit-card issuer will investigate it and you may not be charged interest until after investigation.

When using the ATM while away, look for affiliated ATM networks that charge no fees. If there aren’t any, then search for lower-cost credit unions or bank networks in more densely populated regions. It’s better to withdraw more than you need at one time in order to avoid the fees charged every time you withdraw.

Tax Rebate

Travelers are one of the types of people most in need of extra money and most of them do not realize that if they leave their countries to go traveling, that they are 95% likely to be due a tax refund. If you have been working hard to save up for your travels, this tax rebate could be very useful.

Kick Back and Enjoy the Ride

Vacations allow us to escape from the everyday grind, and help us replenish our minds, bodies and spirits. Putting your work on hold or just escaping from life’s stresses help us to be better in our roles as parents, partners, children, friends, and employees. The memories created when vacationing will be shared, remembered and laughed about for years to come. These memories give us a unique feeling which helps improve our health, and has a positive impact on our longevity.


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