13 Ways to Watch Your Budget on Summer Vacation

As community-sized financial institutions, we're all about saving our customers/members money, right? Beyond providing great rates, we need to show that we care about every aspect of their finances.

Show that you understand how important it is to stretch every dollar during these long, hot summer months. Here are a few tips to share that will save on your customers/members Summer Vacation:

1) Save for summer all year long with a dedicated Savings Account. By putting aside $100 per month, you can have $1,200 for vacation in one year.

2) Create a budget for vacation. Break it into categories for each anticipated expense like hotel, food, entertainment and gas.

3) Review each budget category and find ways to trim it.

4) Try to make your own meals whenever possible. Eating out gets expensive and family picnics may be the most memorable part of your summer.

5) Stay with friends and family when possible. You’ll save on the hotel cost and sharing with friends and family adds to the fun.

6) Instead of an expensive vacation this year, why not try a “staycation.” A trip to the local zoo or amusement park is infinitely less expensive than a Florida sunburn.

7) Even if you travel, find free entertainment like museums, beaches and hiking.

8) Find free or low-cost activities for your kids. Start with the schools, rec. center, local parks or the YMCA. There are tons of fun and educational activities for the kids right here in town.

9) Split vacation costs with another family. Rent a condo or vacation home and spilt gas money.

10) Do your research. There are many online coupons and discounts.

11) Switch to a credit card with a lower interest rate. There’s no sense collecting air miles or other such perks with a high interest card if you can’t pay off your balance each month. Transfer it to a lower interest credit card at your institution.

12) If you and your friends have young kids, consider setting up a babysitting co-operative with another family. You look after their kids for an evening in exchange for a night out at a later date.

13) Cancel your gym membership. As the weather gets warmer, go for a walk or run around your neighborhood instead. You don’t need to spend $50-$150 a month to stay active.

I'd love to see some interactivity with this blog, folks ... and I know y'all are creative! If you have any ideas to add to this list, jot them down in the "comments" section.

Take care, Eric