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Q: We want to go on a great vacation. What’s the best way to save up for it?

Photograph of a family on vacation.Diana says...
• Open a separate savings account for vacation money only; add to it every month.
• Pack loonies and toonies away in a “holiday” piggy bank. It adds up quickly!
• Cut down on cash-sucking habits (e.g. make your lunch instead of buying it; rent a video instead of going to the movie theatre).

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.