I bet I am not. Like you I want an awesome holiday.  You know, maybe the one with the hot Mexican bringing me drinks while sitting on the beach in Mykonos? Umm... That was twelve months ago. I should stop day dreaming as I am only half way to my savings goal for the next one. Which got me thinking, beyond my Mexican friend, what will the consequence be for your next holiday?

Several hangovers? Maybe some things you wish you hadn’t done. Or maybe some you wish you could be doing again right now! Aaahh the memories! I would always endorse a good fun packed holiday. But fun aside, the reality is this has to be paid for somehow.

Here is my challenge to you: have a great holiday with priceless moments but not sponsored by MasterCard.  You want the memory of your holiday to be the pictures, the places and the people. Not the monthly reminder that the holiday is over but MasterCard and your bank’s shareholders are still enjoying the benefits of your interest repayments.

…So back to the fun of planning that next holiday. My advice: set your goal. Work out what you need to put aside to fund it. Pay yourself first, and spend less than you earn. Sounds simple doesn’t it!  But again reality
can be different.

Above all enjoy that holiday when it happens, knowing that when you come back the memories will remain and you will avoid that unwanted holiday debt hangover.

If you don’t want to do the planning for it alone, or get stuck in the process, pick up the phone and call me, it’s what I do. I might also still have the details for the Mexican too!

Scott Malcolm ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) is Director of Money Mechanics (ph: 02 6257 5557) who are authorised to provide financial advice through PATRON Financial Advice AFSL 307379.

The information provided on this document is of a general nature only. It has been prepared without taking into account your objectives, financial situation or needs.  Before acting on this information you should consider its appropriateness having regard to your own objectives, financial situation and needs.