How to Manage Your Money to Pay for a $5,000 Vacation in Cash Every Year

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How to Manage Your Money to Pay for a $5,000 Vacation in CASH Every Year “I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.” Edward Gibbon

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That $5,000 vacation is yours to claim!

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It’s Easier Than You Think!

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Ways to make it happen…

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“If you would be wealthy, think of saving as well as getting.” Benjamin Franklin How to Save It

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3 Ways to Save Money

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Make Saving a Priority Put money away before you can spend it. Ask your employers to deposit part of your paycheck into a vacation savings account. Save while you earn. Set up automatic withdrawals from your checking account to your brokerage account each month. Invest short-term. Think bonds, treasury bills, CDs.

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Make Saving a Priority Strive to save $200 a month; that’s $50 a week. Set up a budget to free up extra cash. Ask your employer to increase your tax withholding amount for larger tax refunds. Amount Saved: $50/week

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Eliminate Expenses Eliminate your home phone. Sign up for a free Gmail account and make free voice calls online. Amount saved: $10/week Banish eating out once a week from your family routines. A low-budget restaurant trip can run you $45. Cook at home, instead, for $5. Amount saved: $40/week

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Eliminate Expenses Eliminate miscellaneous services like lawn service or gym memberships. Amount saved: $25/week Keep your motor vehicle expenses at bay by cutting out unnecessary family cars. Participate in family carpooling. One less car could result in gas, insurance and maintenance savings. Consider a more fuel-efficient car. Amount saved: $35/week

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Eliminate Expenses Cancel your cable service and watch movies and shows online. You can hook up your computer to your TV. Amount saved: $25/week Avoid buying $5 coffee at the corner coffee shop. Invest in a $20 coffee pot and eliminate the daily expense! Amount saved: $25/week

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Reduce Expenses Be more conscientious when grocery shopping. Use coupons. Make wise choices. Amount saved: $25/week Cut back on insurance expenses where you’re over-insured. Shop for insurance quotes yearly. Amount saved: $25/week

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Reduce Expenses Shop for less expensive clothing. Try stores that sell barely used clothing. Look out for sales. Amount saved: $20/week Cut back on utilities. Turn off lights when not in use. Turn down the thermostat. Avoid wasting water. Amount saved: $10/week

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“Your greatest asset is your earning ability. Your greatest resource is your time.” Brian Tracy How to Earn It

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4 Ways to Earn Money

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Get a Part-Time Job Part-time jobs are always available. You just need to look. You would be surprised how much you can earn from just a few hours a day. Some good examples are newspaper delivery, bartending and babysitting.

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Find a Better Paying Job Everyone should seriously consider looking for a better job after spending 2 years at his or her current position. It's a much quicker way to move your career forward than staying at the same company long-term. A new job with higher earnings could result in an extra $500 a month.

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Work for Yourself on the Side Identify your strengths and promote them for revenue. Buy and resell items on eBay or Craigslist. Start your own lawn mowing company. Sell firewood if you have a large lot with trees. Paint houses in your area on the weekends.

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Go for the Lump Sum Find houses on the market you can get for a low price and flip them. Make a $5,000 profit when you sell it. Look for abandoned homes and pre-foreclosures; owners will likely be willing to sell under market value. Flip other high value items, like boats. Search for the deals and resell for good profits.

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Save + Earn

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Plans of Action

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Plans of Action

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Plans of Action

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Plans of Action

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Plans of Action

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Additional Advice

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Closing Notes A $5,000 vacation can be yours with a little effort put into: Your reward: the vacation of your dreams – every year!

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We hope you enjoyed your Special Report! Curtis Roese is an experienced professional with extensive experience in personal finance and small business matters. Curtis writes and publishes articles, courses, guides and special reports on his personal finance blog. Common Cents Wisdom is a website with hundreds of informative articles, special reports, resources to assist you with all of your financial concerns and a free monthly newsletter. Sign up to receive your free eBook "Common Cents" and get started today on the road to financial freedom!

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Summary: Family vacations are one of those things that everyone seems to remember forever. Now is the time to start making preparations for vacations that the whole family will be talking about for years to come. And not just one vacation, either, but one each year! Yes, You Can Do This! You really can take a $5,000 vacation every year, even if you have a relatively modest income! The trick is in knowing how to manage your money to make those memorable vacations possible. Coming up with $5,000 may sound intimidating, especially if you’re already struggling to pay your bills each month. However, it's really not that difficult, if you're willing to eliminate some of the non-essentials from your life and maybe earn a few extra dollars each week.

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