CHARLOTTE, N.C. — According to a Clever Real Estate survey, more than 60% of Americans have credit card debt, and in a time where everyone asking where’s the money, planning a vacation while trying to pay off debt might seem impossible
But it doesn’t have to be.
A recent article from NerdWallet said by planning a vacation that suits your budget and keeps your goals on track, you can still enjoy a restful trip without breaking the bank. Here are some ways to balance prioritizing debt while still taking that vacation.
WCNC Charlotte is always asking "where's the money?" If you need help, reach out to WCNC Charlotte by emailing money@wcnc.com.
Review the budget: NerdWallet said you’ll want to revisit your debit and credit card statements so you know where your money is going. use this information to see if it’s possible to start a vacation fund.
Make a plan: take time to map out destinations and research potential costs for your transportation, accommodation, activities and food. As NerdWallet explains. You’ll also want to leave a cushion in your vacation budget for unforeseen expenses. It might sound like a lot of work, but it’ll be worth it in the end.
Be flexible: Look for cost-effective places to stay that fit with your own preferences and needs. If you don’t need a fancy hotel, consider a campsite or hostel to save a few bucks. And you can make travel more affordable by staying local or traveling during the off-season, websites like Going, Fare Deal Alert, and Flight Deal can alert you to cheap flights.
WCNC Charlotte's Where's The Money series is all about leveling the playing field in the Carolinas by helping others and breaking down barriers. WCNC Charlotte doesn't want our viewers to be taken advantage of, so we’re here to help. Watch previous stories where we ask the question “Where’s the Money” in the YouTube playlist below and subscribe to get updated when new videos are uploaded.