How to Finance a Vacation
If you’re trying to figure out how to finance a vacation you may have many questions, not the least of which may be whether you can afford a vacation at all. The fact is that many Americans who have resigned themselves to never taking vacations could actually manage the finances. By practicing a bit of discipline and thinking outside the box, you could find that a vacation is actually within your financial reach. LoanNow can help you pack your bags and hit the road.
In considering how to finance a vacation, many experts advise paying in cash if possible. Conducting some transactions with your credit card may be a savvy move. For instance, if your credit card company provides travel protection, it makes sense to charge the price of your plane tickets. But you should still be prepared to pay for that transaction in full before your credit card company begins applying interest charges. By paying in cash, you won’t find yourself swimming in debt long after your oceanside vacation is over.
Churning Credit Cards
You may wonder how to finance a vacation with credit cards without being stuck with high credit card bills. If you have excellent credit, you probably regularly receive offers for credit cards offering lucrative perks, including free plane tickets and deep discounts on hotel rooms. There is nothing wrong with taking advantage of such offers – as long as you always pay your balances in full. Otherwise, interest charges that could potentially wipe out much of the savings you gained. You should also be aware that many credit card companies are clamping down on credit card churning. It’s still possible, but keeping on top of changing regulations requires discipline. If you decide to go ahead, be sure you’re up to the task.
Clearing the Attic
If you have lived in the same place for any length of time, determining how to finance a vacation could be as close as your attic, garage or storage unit. Take an afternoon (or a few afternoons) to objectively evaluate your possessions. What do you never use? What clothes are too big or too small? Do you have baby clothes even though your youngest child is a sophomore in college? You could earn a tidy sum by selling the stuff that’s overflowing in your closets. If you don’t want the hassle of selling the stuff yourself, seek out consignment sellers that will take on the task of selling your items – for a cut of the proceeds.
LoanNow can also solve the dilemma of how to finance a vacation. We offer installment loans with manageable monthly payments, just like banks. But LoanNow evaluates your entire financial situation, not just your FICO score. Even if your credit is not perfect, we may be able to approve you. With a LoanNow loan, you could be saying “sayonara” sooner than you think!