Make a Budget for Your Vacation
Planning for a vacation is the first step towards saving for one. Plan where you want to travel, where you want to stay, and what you want to do while you’re there before you even consider your finances. Keep a running track of how much travel, lodging, meals, and activities will cost while you’re investigating.
Take the whole projected cost and note it on your calendar for your intended departure date once you’ve arranged a hazy itinerary.
Divide your cost by the time you need to save and multiply by the number of weeks you have before you want to travel. You now know how much money you’ll need to set aside each week in order to take your dream vacation.
Consider this “future spending” rather than “saving” or “depriving oneself of current enjoyment,” a technique that Financial Advisors believe is more emotionally successful.
