First Bank of the Lake: How to Budget for Your Summer Vacation in 2018

Summer will be here before you know it and we couldn't be more excited. Between these icy roads and the chilling temperatures, we're ready to start talking about a warmer season. Summer is only about three months away and you have probably already started looking into booking your summer vacation. Your bank at the Lake of the Ozarks is here to give you a few tips to budget for your summer vacation in 2018.

How to Budget for Your Summer Vacation in 2018

Tip # 1
Consider travel during the week, instead of the weekend.
Lodging and flight rates can be way cheaper during the week than over the weekend. If you can make it possible to travel during the week, then you may be able to save a considerable amount of money.

Tip #2
Open a savings account for the money you plan to save for your vacation.
Having a savings account that is strictly dedicated to your vacation can be a huge help when trying to budget for your summer vacation. Organize your funds and keep the money you are saving for your summer vacation separate from the money you use to pay your bills or save for other future expenditures.

Tip # 3
Stay at a condo or vacation rental over a hotel.
It is possible that you can get more space for your money when booking a vacation rental over a hotel room. You may also have more convenient accommodations also, which brings us to Tip # 4.

Tip # 4
Buy groceries and eat in on your vacation.
Vacation rentals often come with full kitchens, save your money and avoid eating out every night. Have a nice "home-cooked" meal in the comfort of your very own vacation rental.

Tip # 5
Be mindful when packing.
How often have you traveled in the past and thought, "I'll just buy it when I get there"? Random hygienic items and extra outfits may be more expensive where you are going and buying them are also not necessary. Give yourself plenty of time when packing and make sure you have everything you are going to need. Save yourself time and money by avoiding buying extra items once you get to your destination.

Ready to Open That Vacation Savings Account at the Lake of the Ozarks?

First Bank of the Lake is here to help. We offer a couple of different types of savings accounts that may the perfect solution to your summer vacation savings needs. First, our traditional savings accounts plan is for customers who need a safe no-frills way to protect their capital while earning interest. You are not required to have other accounts to earn interest. It only takes $100 to open this account and the account includes a semi-annual statement and Free Direct Deposit. We also offer the Free Kasasa Saver®. With this product, you can build your savings automatically by linking your account to your free Kasasa® checking. To see if you qualify for that product or to ask any questions you may have, call us at 573-348-2265.

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