With summer right around the corner and travel season kicking into gear, we want to make sure you’re able to make the most of your summer vacation without worrying about finances while you’re traveling away from home.
Below are some summer financial tips that will help you save money while you enjoy a summer break and make the most of your time away with loved ones.
Find creative ways to save money
By traveling during off-peak times -- such as flying during the week rather than over the weekend or avoiding holiday travel – you can often save on airline travel costs and give yourself more flexibility on travel dates and times.
And while hotels are often convenient, there are many alternative rental options available to travelers now that may be cheaper and more conducive to family travel. Utilizing public transportation can also help you save on costs while allowing you to more fully experience the destination you’re visiting.
Plan your budget in advance
Creating a budget before your trip can help you avoid overspending while on vacation and anticipate what costs to expect during your time away from home. You can break down budgets by day or by category (food, transportation, gifts, etc.), and there are many budgeting apps available to help you track your spending. Don’t forget tips and gratuities when you’re planning your budget!
Take advantage of Shared Branching
The credit union Shared Branching Network includes a network of more than 5,000 credit union branches across the country that allows you to access funds while you’re traveling or secure cash quickly in an emergency. Shared branching ensures that you don’t have to stay close to home to access the same financial resources you enjoy at your own credit union. With Shared Branching, you can make deposits, withdraw cash, and cash checks all while you’re on the go!
Consider purchasing travel insurance
Just in case life gets in the way, purchasing travel insurance can be a good way to cover any potential financial losses because of a cancelled trip. Buying travel insurance as early as possible gives you more options for how to insure your trip. Generally, travel insurance can cover trip cancellations, protection for your personal items, and even unexpected medical costs.
