Start Saving Now for Summer Vacation | St. Johns Bank

It’s springtime! Whether you’re taking a spring vacation, planning for summer or both, now is a great time to start saving up for summer fun.

By planning ahead and making smart financial decisions, you can make your summer vacation dreams a reality without breaking the bank.

Set a realistic budget. The first step in saving for your summer vacation is to establish a budget. Consider factors such as transportation, accommodation, food and activities. Your budget often depends on your location, so be sure to research the area first. Once you have a budget in mind, break it down into monthly or weekly savings goals. This will make it easier to track your progress and stay on target.

Cut costs and trim expenses. To boost your savings, look for areas where you can cut costs and trim unnecessary expenses. Cutting costs now will pay off when you get to the summer fun! Evaluate your monthly spending habits, and identify areas where you can make adjustments. This could include cutting back on dining out, taking fewer shopping trips or canceling unused subscriptions.

Automate your savings. Create a savings account specifically for your summer vacation, and automate transfers from your checking account. This makes saving effortless, and you won’t even have to think about it. And by automating your savings, you’ll be less tempted to spend the money elsewhere and get used to the reduced cash in your checking. Automatic transfers are one of the easiest and most effective ways to reach your savings goals.

Explore affordable vacation options. When planning your summer vacation, consider exploring affordable destinations and alternative accommodations to stretch your budget further. Research options such as camping, vacation rentals or house swapping for accommodations instead of traditional hotels. You could even split up your accommodations, a few days camping and then checking into a hotel, which can save a lot of money. These alternatives can often be more budget-friendly and provide a more immersive travel experience.

By starting to save for your summer vacation now and following these savings strategies, you can make your dream getaway a reality without breaking the bank! Open a summer savings account with us today.