Make the Most of Your Summer Travel

stack of suitcases in an airport with a summer hat and sun glasse resting on the cases

Summer is right around the corner and the travel season is kicking into gear. A summer vacation is not the time to be worrying about finances while you’re traveling away from home. We want to make sure
you make the most of your summer vacation.
Below are some summer financial tips that will help you save money while you enjoy a summer break.

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.
While hotels are often convenient, there are many other rental options available to travelers
that may be cheaper and more conducive to family travel. Utilizing public transportation can also
help you save on costs and lets you 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. (FYI: You can open another savings account online through our IM247 Mobile App and save for your vacation) 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!

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.

Planning a summer getaway is an exciting endeavor, but it is essential to approach it with a well-structured budget. Thoughtful preparation will allow you to create lasting memories this summer.

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