Vacation. A time to be carefree. A time to leave structure and stress behind. A time to live-it-up. And for many, a time to go broke.
The only adulting we want to do on vacay is adult beverages. But if you want to ensure you won’t be eating cat food in your twilight years, you’d best budget.
“Many Americans do not treat their vacation as an expense to manage, and that leads to credit problems later in the year,” said Paul Oster, founder of credit repair company Better Qualified.
Paul suggests taking thesethree steps to avoid paying the price:
One: Plan ahead. Save your money in advance and look for deals online.
Two: Use one debit card and one debit card only to keep track of all your incidental spending.
Three: If you didn’t save up for vacation, then set up an aggressive post-vacation plan to pay it off as soon as possible.
Bottoms up! Just don’t hit rock bottom…