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Travel Discussion
Reply to "Need a break, don't have the cash - Would you put $3k on credit card for vacation?"
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[quote=Anonymous]First, reduce your vacation to $1k. Drive to your destination, and pick a lower-cost place or stay a bit outside of the city (you'll have a car so you can drive in each day). Savannah, Charleston, etc. are all one-day drive away. Then, if you chice is $1k from credit card or $1k from savings, take the $1k from savings but pay it back on a strict plan and stick to it. Your $1k from a credit card will cost you $1300 (compounded interest), while from your savings will cost $1030 (lost interest from 3% APR.. ok doing really rough numbers here). [/quote]
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