Plan for Great Escapes

Dreaming of a second honeymooon or vacation house by the sea? Check out these expert financial planning tips plus real-life advice from coastal dreamers like you.

Bankroll Your Perfect Getaway

Mapping out a trip to Seychelles or the Costa Rican coast? We asked financial planners and travelers for inside tips on how to realistically cover costs without packing on credit card debt.

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Choose the Right Savings Account
Photo: © Ocean/Corbis

Choose the Right Savings Account

It’s easy to set up automatic transfers from a checking to savings account. But if you’re not highly motivated and disciplined, it’s just as easy to drain the savings and funnel the funds back into checking when you trip over a great designer shoe sale or see an antique dresser you have to have. It takes about 10 seconds to log in and click transfer—and there goes your trip to Aruba.

The trick is to put the vacation money in an account—like a savings account through your credit union or a bank account not linked to your checking account—that you can’t access.

“You should have to take a lot of extra steps to get the vacation money out,” says Dave. “It takes effort to save it, and it should take some effort for you to withdraw it, too."

More Ways To Get Coastal Living

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