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Want to Take a Bucket List Trip? Top Savings Strategies to Get You There
By: Bellhop.com LLC
Where are you going to go? And when? Use a resource like BellHop.com (http://www.bellhop.com/)
Make a Budget
Use any of the free online budgeting software available to create a budget that factors in saving for the trip. Forbes lists its 12 favorites (http://www.forbes.com/
Stash any Extra
This takes will power. Dig deep...deeper...even deeper into your inner frugal soul to resist the temptation to spend the little financial windfalls you receive throughout the year. This means the Christmas bonus, the monthly gas expense refund and your yearly income tax return all get earmarked for your trip. Create a dedicated savings account just for this reason—watching the amount increase is great motivation.
Raise the Money
Most financial advisers would discourage you from borrowing from your 401(k). And most likely, it's sound advice. If you opt to do so, make sure your company is stable and there's little chance you'll get laid off. Also, be sure you're happy at your job and don't plan on changing soon, because if you do, you'll have to repay that loan within the next 60 days.
Perhaps a better idea is to liquidate any assets you have to fund your trip. If you hold stock, consider selling. If you're retiring from running your own business, sell your equipment, inventory and furniture. If you receive regular payments from a structured settlement or annuity, you may be able to sell your future payments to J.G. Wentworth (http://www.jgwentworth.com/
And don't forget about all the little ways to earn extra money. You could hold a yard sale, take odd jobs or start a side business. It'll all be worth it when the plane touches down.