Plan for your trip ahead of time, and take
the financial stress out of your vacation.
Get an idea of your travel expenses
Start looking at costs like airfare and accommodations to
determine your travel expenses so you can set a savings goal.
Track down savings opportunities. For instance, if you can fly
on a Wednesday, the fares are usually less expensive.
By planning ahead, you can save to make the cost of next
year’s holiday less of a burden.
Create a vacation savings account
It’s easier to save if you put your money in a place where you
won’t be tempted to use it.
Create a new savings account just for your vacation.
For example, a Regions Bank LifeGreen Savings account com-
pounds interest daily.
Use auto transfers
Look over the last few months’ expenses, and see how much
you can shave off your budget.
Even just $50 per month can make a big difference.
The more you can stock away in savings, the less you spend
each month and the faster the savings add up.
Look at rewards
Responsibly take advantage of credit card rewards. You may
be able to redeem points for cash and deposit it in your
vacation savings account.
Use points to save money on flights, car rentals, hotels and
other vacation-related expenses.
However, be careful not to overuse your card. Adding more debt
than you can afford is counterproductive to your savings goal.
Defer the holidays
Consider reducing your Holiday spending in order to save.
Create your own cards. Make gifts instead of buying them. Buy
used if you can. Do gift exchanges for large families or groups.
If you have kids, pitch the idea that the trip is your Holiday
present to each other. If that doesn’t work, agree to just buy
for the kids.
Can you skip a nice dinner out? Or the tickets for that concert?
If you can, that’s money you can save. Just transfer it from
your checking account to your vacation savings account.
Earn extra cash
Today, there are more options than a garage sale to earn extra
money for your savings goal. Be inventive.
E-bay and Craigslist are your friends. You can clean out your
closets, basement and attic and turn those unused items into
Use your tax refund
If you’re not reaching your goals fast enough, consider adding
your tax refund to your vacation savings account as well.
Start planning today for next years dream
vacation. And get more out of your vacation
than you would have thought possible.
To learn more about saving for your next
vacation, visit Regions.com/MYGREENGUIDE
This information is for educational purposes only, and should not be relied on or interpreted as
accounting, financial planning, investment, legal, tax or other advice for your specific situation.