7 Ways to Finance Your Dream Holiday

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It has been a rough year for the population of the world, but people dream of better days ahead. Part of those better days will be a dream vacation that’s almost certainly long overdue. Times may have changed in some ways, but the fact remains that any family who wants a dream vacation will still need that “dream” amount of money that eludes them. How can you finance your dream holiday this year?

1. Paid Vacation Days

If you work in a company that gives you those beloved “paid vacation days,” you might be able to amass enough of them to take you and your family on a fun-filled paid vacation. Instead of taking time off and getting no money for it, those paid vacations will quickly amount to a vacation that has all expenses paid. It’ll be like you’re at work getting paid, except instead of being at work getting paid, you’ll be on vacation with your family getting paid.

2. A Week’s Salary

If you can get help from other sources for as much as one week, it might be possible to put aside a week’s salary to finance your dream vacation. In some cases, it might be two week’s worth of your salary for a bit of a dreamier excursion. The concept is simple: what do you spend money on every week? Is there anything in that weekly budget you can set aside for another day? What can you do without if it means a dream vacation?

3. Non-Traditional lenders

If a traditional loan is a little too slow for your dream vacation plans, try a source like RapidLoans.com.au, a service based in Australia. True to its name they are capable of handling everything from auto loans to personal  loans fast! It is a way that nets you the cash you need for that trip around the world you’ve always dreamed of. It takes a few moments to apply and it is worth noting that they offer flexibility in repayment. Their personal loan consultant guides you through the whole process and assesses every individual’s unique circumstance. 

4. Home rental

If your dream vacation is an extended, month long excursion, you might be able to fund part of your vacation or even all of it by renting out your home while you’re away. People pay a premium to rent a well-maintained space for a week, two, or three at a time. Pocket that income and use it to fuel one of the best times of your life on your dream excursion.

5. Use Reward Points

If you travel on mini-vacations throughout the year, make sure to sign up for every rewards program you can think of to sign up for, including frequent traveler miles! These points really stack up throughout the year and will play an important part in reducing expenses on any dream vacation you have planned.

6. Payment plans

If part of your issue is where you’re going to stay while you’re out there traveling, you’ll find that many places let you stay there during your vacation and have a payment plan. Be sure to investigate any legitimate payment plans that might be available for your vacation so that you don’t get strapped with up front expenses that make your vacation an impossibility.

7. Tax Refunds

If you’re one of those lucky people who get a pretty hefty tax refund every year, you’ll be happy to know that you don’t have to immediately rush out and spend that tidy sum of money right away. You can put it in a vacation fund and use it to finance your dream holiday. You’ll find that a couple of annual tax refunds will net you a much more quality outing with your family (or maybe just you). This money isn’t free, of course, but it sure can seem that way, and it’s an ideal large sum of money to use toward a dream vacation.

As you can see, there are a myriad of ways to finance your dream vacation, but you’ve got to have a strategy going forward. Many people prefer the convenience of a quick vacation loan from a place like Rapid Loans over having to pocket a bonus or tax refund. Explore all of these options to have your best vacation.

Authored by Raymond M. James

Ray is a sought after thought leader and an expert in financial and money management. He has been published and featured in over 50 leading sites and aims to contribute articles to help novice financial planners. One of his goals is to impart his knowledge in finance to educate and help ordinary people create and achieve their financial goals.