If you haven't already started saving up for holiday gifts and travel, now is the perfect time! We all know that Thanksgiving is the busiest travel holiday of the year. That means that millions of Americans will be booking flights and hotels soon.
Millions of Americans will also be putting their holiday travel on high-interest credit cards! Yikes!
But, because you're an Outski user, you know that setting money aside before your trip is the best way to go. The sooner you start putting money aside, the less likely you are to be crawling out of 2014 Holiday debt, well into 2015.
The easiest way save every month is to take money right off the top of each paycheck, to avoid spending it first. First, you'll want to calculate how much you typically spend on basic necessities, and then put a portion of what is left into your Vacation Savings Account. (If you don't yet have a VSA, you can finish signing up for one by signing into your free Outski account).
In addition, if you aren't already a 401(Play)™ user, you can log in to your account and print a direct deposit form. Not only does saving this way help you to avoid spending it, but you also will receive cash back rewards for saving, through our VSA Dividends™ program.
I can already hear many of you telling me that you can't afford to set money aside, that you live paycheck to paycheck. I assure you that if you take a good look at your bank statement, the majority of Americans will find money that did not need to be spent. So, lighten the load, forego all the extras for a while (coffee shop purchases, impulse purchases, etc), and put that money towards something more worthwhile; priceless family memories.
Maybe it's the personal trainer in me, but I would say that there are really no excuses for getting deep into debt over vacations, holidays, etc. Who wants to spend twice as much as a trip is worth, and take twice as long to pay it off (than you would have if you would've just saved the money and paid outright), all thanks to the high interest that most credit cards charge? It just doesn't make much sense to me. But, I digress...
When you sign up for a Vacation Savings Account and start preparing for your holiday travel in advance (by saving money, and using our helpful planning and booking tools), you will find that Thanksgiving, Hanukkah, Kwanzaa, Christmas, Festivus, New Year's... will all be far less stressful than ever before.
So, if you haven't already, head over to Outski.com, login, and complete the process of starting your very own VSA. Your wallet, and your blood pressure, will thank you!
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