Save Money for Your Vacation by Gregory Blake

Save Money for Your Vacation

Almost every one plans a vacation if not yearly, every two years. Vacation is good for it can relax our minds and relieve us from work related stress. It is the primary reason why employers give an average of two weeks annual vacation with pay to their employees for vacation would generally increase employees productivity.

While vacation is good, the unhealthy effect of vacation is it is one of the common causes of financial problem. When you go on vacation with borrowed money using your credit cards, line of credit especially if you do not make a limit on spending, the tendency is you will overspend by using your credit cards. When this happens when bills come in and you cannot pay the amount in full on due date you will be paying an excessive interest even up to 29% per annum on some credit cards. This would be the beginning where you could not easily get out of debt for your payment monthly would be applied more towards interest and only a very small portion for principal.

To avoid the experience of the above mentionedcouple when you plan for a vacation, save money for your vacation expense and do not spend on borrowed money.

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