It’s official – summer has arrived! Not only are we getting right in the midst of this beautiful season, but with more and more people getting their COVID-19 vaccinations, states are fully opening up. If you haven’t already started saving for your summer vacation, it’s definitely not too late to start now. Whether you want to take a vacation overseas or you’re looking at a less expensive road trip excursion, saving money early for your trip is an important choice.
We have a number of solid tips designed to help you save money for your summer vacation in the most efficient and successful way, even if you’re just now getting started. Here are a few of them:
- Plan ahead – don’t wait until it’s too late! One of the easiest ways to save money on your vacation is to set a budget for your lodging, food, transportation, and entertainment, and doing your best to not veer away from that budget. Saving receipts will help you keep track of what you’ve spent, and steering clear of impulse purchases will help keep your budget steady.
- Open a savings account for your vacation. If you don’t already have a Polam Vantage Savings account, why not open one to save money for your summer vacation? Our accounts have amazing features, including no monthly or annual service fees, low opening and minimum balance requirements, and access to our rewards program. You can also manage your savings through our online and mobile banking platforms.
- Avoid unnecessary spending. As mentioned above, avoiding impulse buys will immensely help your vacation budget. Collecting and using coupons to save money on everyday items will help ensure your vacation fund will be fuller by the time your trip comes around, and any money you save should be set aside for your trip.
- Use your tax refund or leftover stimulus money. It’s been a little more than a month since taxes were due, and we received stimulus funds at the beginning of the year. If you still have money from your tax refund or stimulus checks, why not use those funds for your upcoming vacation?