My Aunt Judi is a true inspiration. She’s a retired school teacher on a fixed income, yet she’s been to Europe five times.
Most of these trips are 2-3 weeks long. She’s not in debt; she has her trips fully paid for way ahead of the trip so she can relax and enjoy her time as she travels.
Aunt Judi’s Travel Budgeting Plan
What’s her system? A travel envelope in her underwear drawer. Yep, the underwear drawer. This drawer was chosen because it’s opened daily so the travel envelope is seen daily too. It keeps her motivated to continue to save for that next scheduled trip.
Every time she saves money on groceries, the saved money is added to her travel envelope. Any unexpected money goes right into the envelope.
Instead of ordering sodas when she and her husband eat out, that saved money goes in the envelope. She also looks at her budget and determines a set amount that will be used for travel and that amount is added to the envelope each month. Travel is part of her budget plan.
A Travel Budget Plan for Everyone Else
Many people today have gone completely cashless. If you’re one of these people, my Aunt Judi’s system might not work for you. My banker buddy, Bobby Carr of BB&T Bank was telling me about another way that many of his clients save for vacation. I asked him to explain how it works which you can read in further detail below.
Whatever you do, have a system. Plan. Start now. Have no regrets when you travel. You’ll enjoy the trip that much more.
Now, here are Bobby’s thoughts on a cashless way of saving for vacation…
• Taking a vacation is fun.
• Paying for vacation not fun…
• However, many of my clients at BB&T Bank have found a smart way to pay for their vacations well in advance, allowing them to arrive at their destination WORRY FREE!!!
• It is a simple idea, and here is how it works…
BB&T Bank offers a 12 months no interest credit card, with no annual fee and a free rewards program that earns 1 point for every dollar spent, and even earns 3% during the first 90 days. Combine this offer with a little planning ahead, and you have the perfect recipe for a STRESS FREE VACATION!!!
We are finding that by the time November rolls around, many of our clients are already planning their summer vacations for the next year. Planning ahead is a GREAT IDEA, which leads to LOTS OF SAVINGS!
Take advantage of the 12 months no interest credit card and book your trip in November or December
Pay down the balance each month over the next 6 months, and by the time your summer vacation comes around, the trip is completely paid for.
When you land in your destination, the only thing you have to worry about, is what to do first!!!
This is a very simple strategy, however it is amazing how many people never even think about it. Following this plan allows our clients to pay for their trip a little bit over time, avoiding having to clean out the bank account just before their vacation. It also allows them to earn incredible rewards points which they can redeem towards future airfare, hotels, cruises, or good old fashion CASH!!!
On a side note, this option also allows our clients a great way to pay for their holiday purchases as well, because the card will still have 6 months of no interest remaining. Come back from vacation, and start making holiday gift purchases in August and have them completely paid for by the time Christmas arrives!!!
Here is Bobby Carr’s contact information if you want to learn more about this credit card offer:
270 N. Kimball Ave.
Southlake, TX 76092