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The total amount of money saved for the vacation is $5000.
2/5 of $5000 is spent on travel and lodging, which is equal to (2/5) * $5000 = $2000.
The remainder after spending on travel and lodging is $5000 - $2000 = $3000.
1/4 of this remainder is spent on meals, which is equal to (1/4) * $3000 = $750.
Therefore, Ginger and her friends will have $750 to spend on meals.
Answer: $750