How to Vacation with Student Loan Debt


Are you in need of some rest and relaxation, but putting off taking a vacation because of your student loan debt?

Though putting off a vacation to pay down your student loans may seem like a good idea, you could end up burning out because let’s face it – everyone needs some down time once in a while.

Don’t let your student loan debt hold you back from taking a vacation. Here are some tips that will allow you to take a trip and get the R&R you need without putting your student loan payments in jeopardy.

Make a Plan

Instead of going on vacation on a whim, plan ahead. You will be able to find better deals on flights, hotels and other vacation expenses; plus, you’ll have more time to save up for your trip.

Think about starting a vacation fund and put some money towards it every month. You won’t have to come up with a large sum of money at one time. As a result, this could cut into the funds you have allocated for your student loans.

Use Cash

You might need to use a credit card to pay for larger vacation expenses, like a hotel or airfare, but you should avoid using credit to pay for things while you are on your trip. It’s super easy to swipe your credit card without thinking about it; however, when you get back from your vacation, the big bill waiting for you will certainly be a reminder of the amount of money you spent – and owe.

Think about researching how much you are going to spend on food, excursions and other things that you will have to pay for while you’re away. Set a budget and stick to it. Using your credit card to pay for things while you’re away could make it difficult to pay your student loans when your trip ends.

Take Advantage of Apps

These days, there’s an app for everything, including hotels and airfare! Apps like Hopper and Groupon often offer great deals on accommodations; you may even find a package deal that includes hotel and dining, or a rental car and airfare. Download these apps and take advantage of the offers you find! You could end up saving yourself a pretty penny. Which means you’ll have more money to put toward your student loans.

Be Frugal

Examine your spending and make adjustments. If there are things that you can do without, cut them from your budget. For example, if you purchase a daily coffee, consider skipping it for a while. You can take the cash you would spend normally spend on coffee or take out and put it toward your vacation fund – or your student loan payment.

Consider a Staycation

Who says you have to go far to enjoy some time off? You could take advantage of the sights and attractions near you and end up having a wonderful vacation – and save money, too. Do some research to find out what your area has to offer; a hike in the mountains, landmarks, beaches, national parks, etc. A staycation could be just what the doctor ordered.

To learn more about how you can plan a great vacation, despite your student loan debt, contact the debt relief lawyers at Tayne Law Group. We’ll help you plan a budget that will allow you to afford a great trip and stay current with your student loans.

Share on FacebookShare on Google+Tweet about this on TwitterPin on PinterestShare on LinkedIn

Leave a Reply

Your email address will not be published.

Call Us Now to Get Started

(866) 890-7337

What People Have to Say

I just wanted to thank your entire staff at The Law Offices of Leslie H. Tayne, for helping me get out of debt. If it wasn’t for your firm, I would have never been able to resolve my $13k worth of debt in less than 3 years. Your staff did a great job, I was finally able to buy myself a brand new car without using a cosigner. I can’t tell you again how happy I am. I would recommend your services to anyone.

L.C. Client 2007-2009

I sleep like a baby at night now because of the work that you and your office have done. Rest assured that I will refer anyone I know to your office with conditions that are similarly circumstanced.

R.S. Client 2012-2014

You have been very helpful at first directing me in the right direction when I had no clue how to go about handling everything, I really appreciated all your advice and help and hope we can work something out. Thanks again for all your help and kind words, and patience.

D.M. Client 2009-2012