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5 Ways to Save for a Vacation

1. Set up a vacation savings account

Having a specific savings account or club account for your vacation fund is a great place to start. Creating a vacation savings account that is set apart from your other accounts will make it less likely that you might withdrawal from your vacation fund. Seeing the savings increase over time is also a great motivator to keep up the good work and stay disciplined!

2. Create a budget and savings goal

Once you decide what relaxing getaway or exciting adventure you are going to go on, it's time to create a savings goal and a corresponding budget. Adding up all of the expenses for your trip will help you set a realistic goal to work toward. After setting your savings goal, you can create a budget to help you manage your savings into smaller and more manageable increments. Setting goals and sticking to a budget will get you ready for your dream vacation in no time with less financial stress!

3. Swap eating out for cooking at home

Speaking of budgets, one great way to stay under budget is to plan on staying in and cooking meals for yourself instead of spending on dine-in, take-out, or fast-food alternatives. The money you save from choosing to stay in instead of go out to eat can be put directly toward your vacation fund!

4. Don't underestimate the power of nickels and dimes!

Most people underestimate the impact that saving their spare pocket change can have over time. It doesn't seem like much when you find it at the bottom of your purse or in between the couch cushions, but saving spare coins can add up fast! Every little bit helps when you're saving up for a well-deserved vacation!

Need some help collecting all of your spare change? Try PFCU's Pocket Change Savings Program! With Pocket Change, all purchases made with your PFCU debit card are rounded up to the whole dollar amount and the change is deposited into a savings account. This is an easy way to start saving with little to no effort. Call or visit PFCU to set up your account with Pocket Change!

5. Set up automatic transfers to a savings account

Automatic account transfers are a simple way to save without putting in too much effort. Just set up your account to make small transfers from each deposit into your vacation fund and see just how fast an extra $5 - $20 per deposit can add up. Make your account work for you - with automatic transfers, you can set it and forget it!