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How to Stretch Your Money on Vacation This Year

Posted by Peoples Bank on Jun 19, 2018 9:00:00 AM
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How to Stretch Your Money on Vacation This Year

Summer is in full swing and the vacation countdown is on! While summer travel is a great experience for families, it can also be a source of overspending. It’s important to remember every little thing adds up when it comes to spending.

These tips for smart planning will help you stretch your vacation budget to ensure you have a great time without overspending.

Budget & Research

First things first, it’s important to set a budget for your summer vacation. Once you know how much your family is able to spend on summer travel, take the time to research all of your options so that you don’t overspend. Set your travel budget and stick to it. If you plan to fly, track flights online to get the best price. Look for hotels that are both affordable and centrally located so you don’t have to drive or pay extra for public parking while you explore your destination.

Avoid ATM Fees

Did you know that surcharge fees may be as high as $5.00 in some locations? That’s a high price to pay for conveniently accessing the funds in your account. If you’re a Peoples Bank account holder, you automatically have access to the MoneyPass ATM Network™ and its many advantages.

The MoneyPass network has over 25,000 surcharge-free ATMs across the country. With this access, you can travel with more peace of mind knowing you don’t need to carry around large amounts of cash on trips.

You can locate surcharge-free ATMs online at www.moneypass.com or download the free MoneyPass mobile app from iTunes or Google Play.

Pack a Lunch

Another great way to save money while on vacation is to avoid the urge to eat all of your meals in restaurants. Instead, stock up on easy to eat groceries for your hotel room and pack a brown bag lunch. You can easily pack a small cooler with sandwiches for a lunch break instead of splurging at an expensive eatery. This is a great opportunity to explore picnic areas and take in a nice view while you eat.

Explore Local Events

Turns out, you don’t have to travel to far away places to have fun this summer. There are plenty of free, great local events happening right in your hometown. A quick search on Google or Facebook can bring up a whole list of local festivals and parades hosted by your local church or neighborhood.

Do you need help managing a budget for your vacation? The People That You Know are here to help! Download our free monthly budgeting sheet to help you trim down expenses and increase the amount you save for vacation this summer.

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Topics: Helpful Tips