Preparing Your Finances for Vacation.

Because we are away camping this week, the following is a guest post from Madison over at My Dollar Plan. If you like what you see here, won’t you consider subscribing to her feed?

Taking time off and traveling is fun, relaxing and sometimes stressful. Planning ahead and getting your finances in order before you travel will allow you to get the most out of your vacation and leave some of your worries at home. Here’s a checklist to guide you through the financial preparations needed before leaving home.

Pay your bills ahead of time. If you use automatic bill-pay, confirm that all the payments will be sent before the due dates.

Make a checklist of financial needs for your trip. Hit the ATM for cash, exchange some money into the needed currency if you are traveling abroad, or purchase traveler’s checks if you plan to use them.

Evaluate time-sensitive purchases. Eat all the food that will spoil before leaving home to avoid wasting it (and coming home to the smell of rotted food).

Leave a key with someone you trust. You never know when you might have a financial emergency, and someone may need to get into your house to retrieve information or paperwork.

Don’t try new financial organization methods. Now is not the time to try to switch to automatic bill-pay in case something goes wrong. Save changes for when you are home and have time to follow-up.

Double-check rates. Confirm your flights, hotels and car rentals. If prices have gone down re-book or ask for a credit… yes, even some airlines will issue a credit if the rates drop.

Arrange for someone to pick up your mail or have it held. Don’t let mail with your personal information sit in your mailbox while you are gone.

Enroll in rewards programs. Look up the frequent flier programs for your airline and rewards programs for your hotels. Enroll before you go to get all your points and miles without hassle.

Consider infrequent bills. Remember to check the due dates for car titles, annual insurance payments, homeowners dues and other bills that you don’t pay regularly.

Research your destination. Tripadvisor has a great resource that people can review restaurants, attractions and more. Use the reviews to find great places at your destination without spending a fortune.

Pay bills for an extra week. Just in case your vacation is extended unexpectedly, you’ll want to have your finances in order.

Have fun. Knowing that you don’t have to worry about your finances while you are gone will allow you to relax and enjoy your vacation.

Once you get home from vacation, check to see that everything went smoothly and all your bills were paid on time. If there were any problems, follow up immediately. Open your mail as soon as possible to check for time-sensitive correspondence. Since you planned ahead, you should be able to pick right up where you left off before vacation.

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Comments (7)

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  1. […] Preparing Your Finances for Vacation. – David’s on vacation this week and while he’s out, he shared some tips for preparing your finances while your gone. […]

  2. I would include make sure you have enough cash in your account for your automatic bill pay and for your ATM withdrawals and any intended purchases with your debit card.

  3. […] Two Dollars has an article about what we should do before we go on vacation!  I have to remember this article before I go on my […]

  4. […] this week, I wrote a guest post at My Two Dollars: Preparing Your Finances for Vacation. Be sure to stop by and check it […]

  5. Christine says:

    I am going to Tucson and Vegas this June. This year is the first year that I have all of my bills on auto-pay from an account that is just dedicated for bills. It is going to be nice to not have to worry about how much money I need to set aside for bills while I am on vacation. Furthermore, it is going to be nice to come home and not have to worry about re-adjusting my budget or paying bills. I am kinda looking forward to that.

  6. […] 12 Tips to Prepare Your Finances for Vacation 2 comments Since we’re off on vacation, here’s a timely reminder to get your finances in order for vacation. This post originally appeared at My Two Dollars. […]

  7. […] Preparing Your Finances for Vacation. | My Two DollarsBecause we are away camping this week, the following is a guest post from Madison Credit Card Assist Blog on Are You Maximizing Your Credit Card Rewards Program? My Huge Rewards […]