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6 Ways To Save On Your Vacation

Learn more about ways to save on your next trip this summer.

Editorial Note: Articles published are intended to provide general information and educational content related to personal finance, banking, and credit union services. While we strive to ensure the accuracy and reliability of the information presented, it should not be considered as financial advice and may be revised as needed.

The open road is calling and your vacation awaits! But first, you need to work out the financial details. How are you going to pay for your getaway?

Ideally, a plump vacation fund is the way to go. Unfortunately, though, many of us don’t think about how we’re going to pay for vacation until it’s a few weeks away.

Be proactive in planning your vacation by saving up for it in advance. Forgo some luxuries in the months or weeks leading up to your vacation and put the extra cash aside for your getaway. When you’ve got the money saved up, create a realistic vacation budget.

These six vacation saving tips will help you plan a perfect getaway without busting your budget.

1. Timing is everything

There is an ideal window for buying everything, and booking airline flights is no exception. Flight prices generally fluctuate until departure day, but experts say the sweet spot is 54 days before your travel date.

2. Clear your cache

Hotel and airline sites use cookies to determine what you’re shopping for — and then raise their prices accordingly. Beat the system by clearing your cache before every new search so they can’t access your browser history.

3. Sweet-talk your way to savings

Ask for an upgrade at check-in. About 78% of hotel guests who request an upgrade at the front desk actually receive one. Also, by 6 p.m., most hotels know which rooms will be filled for the night. If you check in later in the day, you’ll have a better chance at getting the room with the incredible view — for an economy-class price.

4. Never pay full price

Check sites like coupondivas.com, entertainment.com and Groupon.com for deep discounts at local eateries and entertainment centers.

5. Freebie fun

Challenge yourself to enjoy one day of your vacation without spending any money. Search local sites and blogs for write-ups about free things to do. You might find a charming farm, a fun splash pad for the kids or a scenic hiking trail. Don’t eat out on this day either. Many hotels include a continental breakfast, so take full advantage. For lunch, picnic on sandwiches. Dinner can be something effortless that you brought from home, like hot dogs cooked on a travel grill or omelettes fried in a sandwich-maker.

6. Save your mega event for the last day

End your vacation on a sweet note by saving your most exciting event for your last day away.
If you’re unsure of how you’re going to fund your getaway, call, click, or stop by Listerhill to ask about taking out a personal loan or opening a credit card with free travel insurance. We’re here to make your dream vacation come true!

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Frequently Asked Questions

  • What happens when federally insured credit unions merge?

    If a member has accounts in credit union A and credit union B, and credit union A merges into credit union B, accounts of credit union A continue to be insured separately from the share deposits of credit union B for six months after the date of the merger or, in the case of a share certificate, the earliest maturity date after the six-month period. In the case of a share certificate that matures within the six-month grace period that is renewed at the same dollar amount, either with or without accrued dividends having been added to the principal amount, and for the same term as the original share certificate, the separate insurance applies to the renewed share certificate until the first maturity date after the six-month period. A share certificate that matures within the six-month grace period that is renewed on any other basis, or that is not renewed, is separately insured only until the end of the six-month grace period.

  • What happens if a federally insured credit union is liquidated?

    The NCUA would either transfer the insured member's account to another federally insured credit union or give the federally insured member a check equal to their insured account balance. This includes the principal and posted dividends through the date of the credit union's liquidation, up to the insurance limit.

  • If a credit union is liquidated, what is the timeframe for payout of the funds that are insured if the credit union cannot be acquired by another credit union?

    Federal law requires the NCUA to make payments of insured accounts "as soon as possible" upon the failure of a federally insured credit union. While every credit union failure is unique, there are standard policies and procedures that the NCUA follows in making share insurance payments. Historically, insured funds are available to members within just a few days after the closure of an insured credit union.

  • What happens to members with uninsured shares?

    Members who have uninsured shares may recover a portion of their uninsured shares, but there is no guarantee that they will recover any more than the insured amount. The amount of uninsured shares they may receive, if any, is based on the recovery of the failed credit union's assets. Depending on the quality and value of these assets, it may take several years to conclude recovery on all the assets. As recoveries are made, uninsured account holders may receive periodic payments on their uninsured shares claim.

  • What happens to my direct deposits if a federally insured credit union is liquidated?

    If a liquidated credit union is acquired by another federally insured credit union, all direct deposits, including Social Security checks or paychecks delivered electronically, will be automatically deposited into your account at the assuming credit union. If the NCUA cannot find an acquirer for the liquidated credit union, the NCUA will advise members to make new arrangements.