Saving for a holiday can be difficult, especially when you have so many other pressing financial obligations. However, by carefully budgeting for your vacation you can enjoy your time away without worrying about any excess debt on your return.Take a look at our top tips and prepare to pack your cases for a stress-free getaway.
Cash or credit
At first glance, it may seem the best way to pay for a holiday is with cash, but there are some pros to paying for your vacation on a credit card. By paying via credit card you have protection against certain factors such as travel companies canceling flights and accommodation, and you may be entitled to be reimbursed via the card company should these instances occur. If you are certain that you will pay your credit card bill on time, paying for your vacation in this manner means you can pay up front but spread the repayments at an affordable rate. The benefit of paying cash for your holiday is that you will have peace of mind that you will not be paying off a credit card on your return.
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