With holidays nearing, having sufficient money saved for buying clothes, presents and other things or for a vacation abroad will help you enjoy the time without any hassles. Although you may think your credit card can withstand the assault, using it for your holiday expenses can add on several hundreds of dollars to the cost.
The best way is to save as much as you can, so you can enjoy the holiday and come back relaxed, instead of being laden with more worries about your dwindling finances. Here are some pointers to assist you.
Using a credit card
To keep your finances in a healthy state, you need to save money for your holiday and pay for the trip in cash. You can also save the money, but pay with your card as the Consumer Credit Act would protect it. Under this act, you can actually claim in case the vacation company or airline goes bust or your holiday was not as it was described.
For instance, if you have planned a hunting trip with friends and it did not go well, you can claim for being misled by the false promises of the travel agent. As such, you will have to take care of many things during hunting such as sturdy hunting boots, check out this site for more info, rifles etc. so if the trip didn’t pan out well, you can sue the company.
But using a credit card should be considered only when you have money at hand to pay off the bills fast failing which you are bound to end up paying much more as interest. Further, some travel companies levy additional fees for credit card payments.
When you plan for your trip, you can limit the costs and avoid them from getting overblown. You can for instance, list the things you will need for the hunting trip financially such as travel money, insurance, toiletries, sun cream, necessary gear including hunting boots which is very good at EDGEHUNTING.com which also has other hunting related gear including knives etc.
Other than these, you need to calculate how much you would need for food, drinks, entertainment, and holiday treats. When you have a rough estimate of the cost involved, you can plan to save the required money.
One secret in succeeding at saving is treating it as an expense. Studies reveal that this helped people reach their savings goal easier that those who saved on the amount that is left after all other expenses are seen to.
If you treat saving as a form of indispensable expense and save a particular sum every month it will be easy. But at the same time be realistic on the amount you can save. It is safe to commit to a manageable sum rather than be sorry when you cannot meet the big saving you had planned on.
Once you have started saving, ensure you have your savings in a personal savings account, so you can earn some interest on the money. When you decide on the vacation destination, it would be easier to save money for it, as the anticipation of reaching the destination will keep you energized and motivated.