4 Easy Ways You Can Finance Your Next Holiday (Even with Bad Credit)

Source: Unsplash | Vidar Nordli-Mathisen

Studies have found that taking time away from work is necessary to maintaining your productivity. Taking breaks is necessary to recharge your batteries and renew your mind. The challenge many face is paying for it, since travel is rarely cheap. After all, you have to pay for transportation in addition to food, lodging and activities. Fortunately, it is possible to do this when you know where to look. Here are 4 easy ways you can finance your next vacation even with bad credit.

Set a Budget

The first step to finding a way to afford your vacation is to create a budget for it. You should come up with estimates for how much it costs to travel to your preferred destination and determine how much lodging, food and activities will likely cost.

If you already have that much cash saved, congratulations – you can afford your trip. If this isn’t the case, though, you may need to borrow money to cover the difference. However, you’ll need that itinerary and budget to know how much you’ll have to borrow or save each month to afford your vacation.

Look for Ways to Save on the Trip

Depending on when you want to travel, you may not have time to save up for the trip. This means you may want to reduce its final price tag. You may need to adjust the trip itinerary, such as staying fewer days or shifting your departure date. You might save money by traveling in a cheaper season, though some destinations are considered peak all year.

Research your options. What are the less popular destinations and resorts that are as good as the famous ones? What discounts or deals can you get to lower the cost of airfare or your hotel stay? Do a detailed comparison of travel packages. You might find one that hits all the tourist destinations you want to see but costs a lot less.

Don’t Forget to Find All the Money You Can

If the trip lasts few weeks, you might be able to earn more money by working overtime or cutting expenses. Cut back on eating out so you can afford to eat out on your vacation. As you’re saving up for the trip, put the money in an untouchable account so that you don’t blow it when some gadget or outfit goes on sale.

You can also search for money you can use to put toward the trip. We’re not going to say that the coins and bills you find in the couch will cover much, but asking all your friends to pay you back what they owe might make a difference.

Determine How You’ll Finance the Difference

No one wants to go on vacation worrying about how they’ll pay the bills that come due when they return. This is one reason to create a budget and know what you’ll owe later, especially when you have the opportunity to alter the plan to fit your budget.

You’ll also have the time to research payment options. Instead of charging it to a credit card and wondering how you’ll pay it off, you could apply for Bad Credit Loans. Lenders like Bingo Loans will offer flexible payment options, and they will extend credit to those with bad credit but have the ability to repay the loan. They offer same day payments, too, so you don’t have to wait for the money to book your trip.


If you want to travel, know that you may indeed be able to pay for it. This may take some planning and effort, but you should be able to afford the vacation you’ve always dreamed of if you follow these few tips.