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Tips for Funding a Vacation

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There’s nothing quite like some well-earned time off in a cool new place, but vacations certainly don’t pay for themselves. Here are a few ideas for funding your next getaway.

  1. The change jar: It’s not groundbreaking, but it works. Here’s an eye-opening stat: Putting $1.37 per day into your change jar adds up to $500 in a year!
  2. Sell your stuff: We all have some clutter that we don’t need and have been looking for an excuse to get rid of, and that stuff can be pretty valuable. Think of what might be stored in your attic or basement—baseball cards, furniture, etc. It’s not junk, but it’s not doing you any good, and someone might find it valuable.
  3. Set up a dedicated savings account: You could do this in your current bank account, or use one of several online services that are tailor-made for vacation savings. Have the money transferred directly from each paycheck so that you’re always saving on schedule.
  4. Get the kids involved: Vacations are even more expensive when you’ve got a family. If your kids get money from jobs, chores, or an allowance, ask them to put a little money away for vacation here and there—it could end up paying for a meal or a night in a hotel.
  5. Volunteer: Your church or community center probably organizes low-cost vacations where you can visit a new place and do some good by giving back to the community.