I passed the vacation hangover test. This is significant because it means I'm on my way to living a debt free life. Vacations and excuses always seemed to go together like peanut butter and jelly. Not anymore. I kicked all my excuses to the curb when I made a decision to own up to my financial shortcomings.
If you're afraid to plan for a vacation because you don't want to wake up to a new stack of credit card bills when you return home, this story is for you. It's simple. All you need is a tin can, an envelope, and a desire to stop making excuses for your out-of-control spending habits. Here goes:
- Put your loose change in the tin can every night when you get home. Don't raid it until vacation time.
- Decide how much money you're going to spend on your next vacation. Divide that amount by the number of paychecks you receive every year. When you cash your check, reserve enough cash for the vacation envelope and stash it away.
- Promise yourself you will not spend more on your vacation than what you have in the tin can and the envelope.