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Slide 7 of 10

Budget and Plan

It's important to set a budget beforehand so you know how much you can (and should!) spend, and then stick to it. When planning your trip, Matt Gellene, a Merrill Edge executive, told us it's helpful to treat your holiday savings as monthly expenses.

"Treat your saving goals, like saving up for a road trip, as monthly expenses. Take that money off the top of your income and not from what's left at the end of the month."

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