Ways To Save For Your Summer Vacation

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

After what seemed like years of cold fronts and snowy weather conditions, we think it's safe to say that spring (and almost summer) has finally arrived. But although warmer temperatures have started to emerge and the sun has started to shine, it isn't unusual for families to plan a summer getaway to somewhere even warmer before their children go back to school. However, though summer vacations are highly anticipated by many, they are also quite an expense that requires careful planning for.

Now let us ask you this - what do your summer plans look like? Do you have a vacation destination in mind? Whether you're planning to set sail on a cruise or jet set across the country, here are a few tips that can help you start to save:

1. Either through your bank or simply at home, set up your own vacation fund that you can contribute portions of your paycheck to each pay period. By putting some money to the side every two weeks or so, you can build up a pool of savings that is specifically dedicated to travel - just be sure not to withdraw any funds as tempting as it may be!
2. Make minor adjustments to your every day routines during the months leading up to your trip. For example, if you tend to eat out at work each day or send your children to school with lunch money, consider packing a bagged lunch instead. Though it may not seem like much at the time of spending, $5.00 here and there can certainly add up quick.
3. If you're looking to sign up for a new credit card, research options that come with travel benefits and rewards programs. Certain companies often offer discounts for flights, hotels, and additional expenses like rental cars, so why not sign up if the time is right and a vacation is in your future?
4. Similar to setting up a separate travel fund, place a jar in an easily accessible location (like your kitchen counter or your dresser) that you can drop your change into at the end of each day. And don't forget to check your pockets before doing the wash! Whether you stash away a quarter, a nickel, a dime or even a penny, you are one step closer to your dream vacation.
5. When coupons are available, use them! Most of us are guilty of throwing out the coupon books that come in the mail or don't take the time to look through magazines or newspapers for current deals, but if you do, saving for your vacation can be easy! 

Although it can be difficult to get in a groove, the sooner you develop habits that will help you save, the better! And the best part is, savings strategies like those listed above are relatively simple and simply require a bit more attention to detail on your part. So what do you say?

American Investment Planners LLC offers tax planning, estate planning, retirement planning and more to generations of families throughout the United States. More information about the services offered is available at www.americaninvestmentplanners.com.