Here are tips for recovering from a vacation financial hangover

STOP THE SHOOTER. ALL RIGHT. SO IF YOU ARE RETURNING FROM VACATION AND YOU’RE AFRAID TO LOOK AT YOUR BANK ACCOUNT, MAYBE YOU SHOULD JUST LISTEN UP HERE. THERE ARE A FEW WAYS TO PREVENT THAT FINANCIAL HANGOVER AFTER A GETAWAY. FINANCIAL EXPERT KATHERINE MCCALL JOINS US NOW WITH MORE ON HOW YOU CAN SAVE UP THAT MONEY THAT YOU HAVE NOW SPENT. ALL RIGHT. SO YOU CAN LOOK AT YOUR RECEIPTS THROUGH YOUR FINGERS FOR TOO LONG. ARE YOU SHOCKED AT HOW OFTEN YOU HEAR PEOPLE HAVE GONE OVER THEIR VACATION BUDGET? I AM NOT SHOCKED BECAUSE MOST PEOPLE DON’T BUDGET THE VACATION. THEY GO ON THE VACATION AND THEY TRY TO PAY FOR IT AFTERWARDS, WHICH IS NOT THE BEST STRATEGY IN MY MIND. HONESTLY, ONE WAY THAT PEOPLE GET BEHIND THE BALL RIGHT AT THE GET GO IS THEY FORGET ALL THOSE UPCOMING VACATION, ESPECIALLY BEFORE YOUR VACATION. THOSE EXPENSES RIGHT BEFOREHAND. SO YOU’VE ALREADY PAID FOR YOUR FLIGHT AND YOUR HOTEL AND YOU KIND OF KNOW WHAT THE RENTAL CAR IS GOING TO BE AND MAYBE YOU HAVE A BUDGET FOR FOOD, BUT MAYBE YOU FORGOT THAT YOU GOT TO GET A HAIRCUT AND YOU GOT TO GET NEW CLOTHES BEFORE YOUR VACATION AND MAYBE WE’RE GOING TO STOCK UP ON OUR SUNSCREEN AND ALL OF OUR PRODUCTS. ALL OF A SUDDEN THAT’S $500 THAT WE’RE BEHIND THE BUDGET. AND WE DIDN’T EVEN ACCOUNT FOR ANY OF THAT. WE HAVEN’T EVEN GOTTEN ON A PLANE YET. NO, NO, YOU HAVE IT. SO HOW IF PEOPLE ARE COMING BACK FROM VACATION RIGHT NOW AND AGAIN, THERE MAY BE POCKETS A LITTLE BIT LIGHTER? YEP. HOW CAN FOLKS RECOVER? WELL, I WOULD FACE THE TRUTH. START THERE. RIGHT. THE THE COLD LIGHT OF DAY IS HELPFUL. SO GO BACK, LOOK AT YOUR BUDGET, MAKE SURE THAT YOU FIGURED OUT WHAT WHAT YOU SPENT RIGHT IN IN ALL HONESTY. AND THEN FIGURE OUT, ARE WE GOING TO PAY IT OFF WITH SAVINGS OR ARE WE GOING TO PAY IT OFF THE CREDIT CARD OVER TIME, GET YOURSELF ON A SAVINGS PLAN, RIGHT? MAYBE $200 OFF OF EVERY PAYCHECK IS GOING TO GO TOWARD THAT, TRY TO GET IT PAID OFF WITHIN A COUPLE OF MONTHS IF YOU CAN, BECAUSE AS WE’VE TALKED ABOUT, THOSE CREDIT CARD RATES ARE REALLY HIGH RIGHT NOW. SO YOU DON’T WANT TO ADD TO THAT CREDIT CARD. IF YOU IF YOU CAN JUST PAY IT OFF WITH SAVINGS AND THEN PAY YOURSELF BACK THAT SAVINGS OVER TIME, I HIGHLY RECOMMEND IT. YEAH. THEY SAY PAY YOURSELF FIRST, RIGHT? THAT’S RIGHT. MAYBE EVEN START MAKING SOME SANDWICHES AND COFFEE AT HOME RATHER THAN GETTING IT OUT EVERY DAY. HUGE FAN OF IT. YEAH. OKAY. SO FOR THE FUTURE AS THE RECOVERY, AS YOU LICK YOUR WOUNDS A LITTLE BIT, WHAT ABOUT FOR FUTURE TRIPS? HOW DO YOU WHAT ARE YOU SUGGESTING, FOLKS GET A GET AHEAD ON THAT SIDE? I’M A HUGE FAN OF THE TRAVEL SAVINGS ACCOUNT. IF YOU’RE SOMEONE THAT LIKES TO TRAVEL AND YOU KNOW YOU WANT TO DO A BIG TRIP IN THE FUTURE, BUILD THAT TRAVEL BUDGET INTO A SEPARATE ACCOUNT SO THAT EVERY MONTH, EVERY TIME YOU GET A COUPLE EXTRA BUCKS, YOU THROW IT INTO THE SEPARATE ACCOUNT AND THEN YOU DON’T FEEL GUILTY WHEN THEN YOU GO SPEND IT BECAUSE IT’S ALREADY PART OF THE BUDGET. YOU’VE SAVED THIS MONEY IN ADVANCE AND YOU KNOW YOU CAN AFFORD IT VERSUS ASK FOR FORGIVENESS LATER OF YOURSELF BECAUSE YOU’RE, YOU KNOW, SITTING THERE WITH THAT FINANCIAL HANGOVER. YEAH, BECAUSE IF YOU DON’T SEE THAT MONEY IN YOUR BANK ACCOUNT, IT’S NOT THERE FOR YOU TO SPEND. RIGHT. DOESN’T EXIST. DON’T SEE IT DOESN’T EXIST. ALL RIGHT, KATHERINE, THA