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empowertoday

EmpowerFinance & Investing

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Our sole focus is on helping Americans achieve the future they imagine.

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Creating a realistic and sustainable #travel budget is one of the best ways you can prepare for a trip so you can be fully present and stress-free on your #vacay .

Use these tried-and-true tips to create a travel budget that feels totaly fulfilling rather than restrictive, all while helping you reach your overall #financialgoals :

☀️ IDENTIFY YOUR “MUST HAVES”
These are the things you must do, see, or buy so you feel like your trip was a success. Identify these costs and start setting aside money now for these priority items.

☀️ IDENTIFY YOUR EXPENSES
Write down all of your travel expenses and their estimates costs. From airfare to baggage fres to accommodations to food, the more detailed you can be the better! Once you’ve listed out all expected costs, start setting aside a little each month and before you know it you’ll be on your way.

☀️ SET ASIDE MONEY IN CASE OF EMERGENCY
Even with detailed planning, unexpected emergencies will arise. Be sure to incude a little extra in your travel budget to cover these unexpected expenses — your future self will thank you!
It’s called revolving debt for a reason. 🔁

Carrying a lot of
#debt can be stressful — but remember, not all debt is bad debt. Good debt, such as a home mortgage, helps build your credit while getting you closer to a long-term goal. But debt that grows and grows can compromise your financial well-being over time.

Making a realistic and efficient plan, can help you get out from under those bad debts — so you can save and pay for what matters most. #money #spending #fintok
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