Ways Your Credit Union Can Help You Fund Your Summer Vacation

womans legs and beatiful, tropical beach, water and mountains in the backgroundIf you’re like most Americans, as soon as you see ads announcing Memorial Day sale events, you start thinking summer. Summer means flip-flops and sandy beaches, sunscreen and baseball, fireworks and ice cream—and expensive vacations.

Perhaps you’re really needing to get away this summer, so you have the perfect vacation all planned out in your mind.

But how are you going to get around the steep price tag on your dream getaway? Do you pull out the plastic, make it happen and worry about paying your credit card bills only after you return home? Do you beg a loan off family and friends, putting your most important relationships at risk? Do you live off pasta in the weeks leading up to your vacation and use the money saved on groceries to cover the cost of your trip?

You don’t have to take extreme or irresponsible measures to fund the perfect summer vacation. As a member of Advantage One, you have access to a variety of convenient products that can help you cover the costs of your trip with minimal effort on your part.

Read on for ways Advantage One can send you packing for your dream summer getaway.

1. Vacation Savings Account

It’s easier to save up for a specific goal when you separate the funds you’re earmarking for that goal from all your other savings. When you open up a secondary savings account at Advantage One with the express purpose of using it to accumulate funds for your summer vacation, you’ll always know exactly how much money you’ve saved up for your getaway. Plus, your money will grow, so you’ll reach your goal sooner.

You may have already started saving up for summer expenses in your regular savings account. Move that money into your summer savings account now so your vacation funds are in one easy location.

To be certain you’re socking away enough money to cover your getaway, create a vacation budget now. Realistically, how much money will you need to cover the costs of your trip? Next, determine when you’d like to go and count the number of weeks or months left until your vacation date. Work out the exact amount you’ll need to save each week or month by dividing your total vacation budget by the number of weeks or months left to go before your trip. You can trim your budget, sell some stuff you don’t use anymore or take on a side hustle to come up with the necessary savings. Finally, link your checking account and your designated vacation savings account – and set up a direct deposit – so that your summer savings can grow almost effortlessly.

2.) Personal Loan

If you think you can’t possibly save up enough money to fund your vacation in time, consider taking out a Sunsational Summer loan instead.

When you take out a Sunsational Summer loan at Advantage One, you’ll get the funds you need to send you off on your dream getaway. And best of all, with our affordable rates, you won’t go broke paying it back! Speak to us today to find out more about this fantastic option.

3.) Skip-a-Payment

If you’re desperate for a vacation in more ways than one, consider taking a break from some of your financial responsibilities this summer. Advantage One allows qualifying members to skip one loan or credit card payment during this expensive time of year. By choosing Skip-a-Pay, you’ll get the break you need without hurting your credit or defaulting on the loan. However, your loan or balance payment plan will extend for another month, and the interest on the skipped payment will be integrated into the principal of your loan or bill.

Skipping a payment is not recommended for members who are struggling to get on top of their finances. But, if you’re in a financially comfortable place and just need some extra breathing room this time of year, skipping one monthly payment can be a great way to help you cover the costs of your summer getaway.

Get your vacation plans off the ground by stopping by Advantage One today. We have a broad range of products that can turn your dream vacation into a reality!

Your Turn:
Which Advantage One product helps you fund your summer vacation? Share your top pick with us in the comments!

SOURCES:

https://www.moneycrashers.com/save-up-fund-summer-vacation

https://www.theworkathomewoman.com/fund-your-summer-vacation/

https://www.fool.com/amp/retirement/2018/06/03/3-tips-to-save-for-your-summer-vacation.aspx

https://www.everydollar.com/blog/plan-your-vacation

https://www.investopedia.com/terms/s/skip_payment_mortgage.asp

Twitter:

6 Ways To Turn Your Dream Vacation Into A Reality

View of hotels across the street from a palm tree lined beachEveryone has their own version of a dream vacation. But, for most of us, it never becomes a reality. Read on for six ways to make that dream vacation come true.

1.) Start saving
Give your getaway a jumpstart by planning for it all year long.

Set up a “Trip jar” – Whenever you’ve got loose change, plunk it in a jar earmarked for your vacation. Use the money you’ve saved to fund one part of your vacation.

Brown-bag it – The average American buys lunch twice a week. By brown-bagging it just one more day a week, you can save hundreds of dollars a year for your vacation.

Open a vacation account – Here at AOCU, we’re all about making dreams come true. Call, click or stop by today to learn how to painlessly save for vacation all year.

2.) Time it right
Choosing the perfect date for your vacation can save you thousands of dollars. Consider taking your trip just after peak season ends. You’ll still enjoy beautiful weather, but your airfare and lodging costs will see a significant drop.

Experts also recommend booking your flight 54 days before your departure date to get the best prices.

3.) Make the most of your dollar
When researching vacation destinations, check the local exchange rates. Choose a place that will allow your dollar to go farther, and you’ll have more to spend with the same amount of cash!

4.) Let your loyalty pay off
Don’t book a flight, hotel stay or car rental without checking your credit card points first. You might have enough miles to pay for a large chunk of your trip.

When booking hotel stays, do a quick search to determine if they offer a loyalty program for return customers. You might land yourself a good discount just for using the same hotel chain twice!

5.) Research, research, research
Don’t make any vacation decisions without first doing careful research. If you found a resort you love, check out their online presence to see if they offer airline discounts or credits. See if you can find a local who’d be willing to swap houses with you while you’re on vacation. Check Groupon for instant discounts on attractions and restaurants in the area.

6.) Live in the moment
Don’t forget to enjoy your vacation! If something doesn’t go according to plan, let it slide. Leave the everyday pressure at home and just fully relax.

It’s also important to unplug. Stop snapping pictures and take the earbuds out. Let go of the compulsive need to capture every moment on camera and take the time to just be.

You deserve to enjoy every bit of your vacation!

Your Turn:
How do you save big on vacation without compromising on the fun factor or on your comfort? Share your best tips with us in the comments!

SOURCES:

https://www.google.com/amp/s/www.today.com/amp/money/5-easy-ways-turn-your-dream-vacation-reality-1D80108194

https://notablelife.com/11-things-you-can-do-to-make-your-dream-vacation-a-reality/

http://www.finehomesandliving.com/Ways-to-Make-Your-Dream-Vacation-a-Reality/

http://www.momtastic.com/life/483527-making-your-dream-vacation-a-reality/

https://www.google.com/amp/www.twosmallfries.com/off-we-go/4-ways-to-save%3Fformat%3Damp

https://makingcents.navyfederal.org/knowledge-center/financial-literacy/articles/save-to-make-your-dream-vacation-a-reality.html

https://www.google.com/amp/s/www.wral.com/11-steps-to-plan-the-perfect-vacation-in-2017/16383454/%3Fversion%3Damp