Save Money for Your Vacation

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Save Money for Your Vacation
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Almost every one plans a vacation if not yearly,
every two years. Vacation is good for it can
relax our minds and relieve us from work related
stress. It is the primary reason why employers
give an average of two weeks annual vacation with
pay to their employees for vacation would
generally increase employees productivity.
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While vacation is good, the unhealthy effect of
vacation is it is one of the common causes of
financial problem.
When you go on vacation with borrowed money using
your credit cards, line of credit especially if
you do not make a limit on spending, the tendency
is you will overspend by using your credit
cards. When this happens when bills come in and
you cannot pay the amount in full on due date you
will be paying an excessive interest even up to
29 per annum on some credit cards. This would
be the beginning where you could not easily get
out of debt for your payment monthly would be
applied more towards interest and only a very
small portion for principal.
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To avoid the experience of the above
mentioned-couple when you plan for a vacation,
save money for your vacation expense and do not
spend on borrowed money.
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