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How to Travel this Year While You Continue to Reduce Debt

January is a time of looking ahead for Canadian families, as they plan what to do and where to go in the year ahead. Balancing vacation plans with your need to reduce your debt can be difficult, though, especially if you want to be able to get away without sacrificing your long-term financial plan.

Plenty of families have made vacation part of their plans for the next year. In Saskatchewan and Manitoba, 61 per cent of respondents to an Allianz Global Assistance survey in November said they were confident in taking a vacation in the next 12 months.

With that in mind, here are seven blogs to help you think differently about frugal travelling — allowing you to get away without abandoning your plan to reduce debt.

Of course, it’s never a good idea to make a big vacation spend without understanding your debt situation. By checking out some of the resources available through the Financial Consumer Agency of Canada (FCAC), you can answer some common debt questions, use a calculator to get your monthly payments and more.

If you combine this understanding of how to reduce your debt with budget-friendly travel tips, there’s definitely a possibility of getting the vacation you want in 2019.

Have other frugal tips for travelling? Share them on social media using the hashtags #LeaveDebtBehind, #NewYearMotivation and #Parents.



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