Summer vacation will be here before you know it. And if you’re planning a family trip, you might want to make sure all your financial ducks are in a row so you can relax about money and just enjoy your time away from home.
First, make sure you’re getting the most cost-effective deals. See if you can use credit card rewards to cover part of your family’s air fare or hotel stay – like with our VISA Platinum with ScoreCard® Rewards. And when you’re choosing a hotel, look for one that offers a variety of freebies, such as discounts on food or hotel amenities, so your hotel funds will go farther.
Also check your organization memberships to see if they offer discounts on the activities you want to do on your trip.
Next, if you plan to use a loan to help pay for the vacation, get that taken care of now. You can choose a personal loan with fixed payments or a home equity loan or line of credit. That way you’ll be set with the funds you need when you’re buying your tickets, plus you’ll have what you need when you start your travels. And you’ll have time to decide exactly how much you’ll need to borrow so you will have enough for all the things you want to do. Give us a call at 419.479.4040 to find out more about the options we’ve got to help you fund your vacation.
Finally, decide how you’re going to pay for things while you’re out of town. It can be a good idea to have a mix of cash and credit cards. Some establishments might take cash only, especially if you’re at an open air market or small mom and pop shop, so having a small amount of cash will help you make sure you’re able to pay no matter where you are. But credit cards offer fraud protection, and if they are lost or stolen on the trip, you can call and have them cancelled and replaced — if you lose cash, you’re usually out of luck. Having one or two credit cards also means you’ve got the means to pay if there is an unplanned expense — and you can earn more rewards to use on your next trip.
One important tip — give us a call and let us know what dates you’ll be travelling and where you’re going. That way, we can alert the fraud monitoring serve we use to keep your funds safe so they will allow the charges. (There are certain countries where U.S. credit cards cannot be used, and we can help guide you on payment methods if you plan to travel to one of these.)