Five Tips for Funding a Vacation

There’s nothing quite like some well-earned time off in a fantastic 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 daily into your change jar adds up to $500 annually!

 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 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 tailor-made online services for vacation savings. Has the money transferred directly from each paycheck so 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 cash away for a 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.