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Saving Money for a Vacation
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Posted October 11, 2016
Taking a vacation on a college budget seems far-fetched, but the reality is that it’s doable. While it may not be the most extravagant vacation you’ve ever taken, it will still be memorable and enjoyable. Here are our tips and tricks for saving money for a vacation while living on a tight budget.
Set your budget ahead of time
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Taking a vacation on a college budget seems far-fetched, but the reality is that it’s doable. While it may not be the most extravagant vacation you’ve ever taken, it will still be memorable and enjoyable. Here are our tips and tricks for saving money for a vacation while living on a tight budget.
Determine how much money you're going to contribute to savings
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Based on how much money you need for your vacation budget, divide that amount by how many weeks until your vacation, and use the answer to determine exactly how much you need to be saving every paycheck leading up to your trip.
Expect the unexpected
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While you may budget perfectly and save as much as you can, unexpected expenses while on vacation can sometimes cause frustration, making the vacation less enjoyable. Before leaving on vacation, acknowledge that there may be bumps in the road. Make sure to bring extra cash and have a credit card with you for emergencies.
Know the difference between being cheap and frugal
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It’s one thing to be smart with your money, choosing to indulge in events or special treats that you budgeted for, and another to not experience local cuisine or attractions. Pick and choose the things that you do and remember that you’re on vacation. You budgeted for the trip and can afford to splurge here and there.
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