Don’t Go Into Debt For Your Holiday Vacation: How To Avoid Financial Horrors

Don't Go Into Debt For Your Holiday Vacation: How To Avoid Financial Horrors

Any average American household is expected to spend near about $2,830 on their summer vacation. According to the report of Allianz Partners USA, this amount is 40% up from the previous year’s records. Easy Travel is a series that focuses on how to reduce all the vocational loopholes and make vacation easy and affordable.

The U.S Travel Association Ipsos says.

“I’m actually leaving for Australia tomorrow,” Marguerita Cheng, a certified financial planner and CEO of Blue Ocean Global Wealth, told USA TODAY.  “I don’t hold myself as a travel expert, but I do love travel. And I love helping people realize their goals to be able to enjoy travel.”

The easy way to create the biggest travel expenses is to plan your travel wisely and for the best travel expenses you have to add airfare, accommodations, activities, and many other things. Add them up then divide it by 12 then you will find the amount that you have to set aside for each month to cover them. 

Cheng’s opinion is 

“When you break it down, all of a sudden, it seems more attainable,” 

That $2,830 vacation households planned for this summer would require roughly $236 in savings each month or $118 in savings each bi-weekly pay period.

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