Don’t Let Your Wallet Overheat: 10 Tips for a Financially Friendly Summer Getaway

Published on June 3, 2025

Summer is the perfect time to relax, recharge, and explore new place, but travel expenses can add up quickly if you’re not careful. Whether you’re planning a beach vacation, a road trip, or a visit to family, a little financial planning can go a long way.

At TEG, we want you to enjoy your getaway without stressing over your finances. That’s why we’ve put together our top tips to help keep your summer vacation budget-friendly and stress-free.

💡 Set a Budget (and Stick to It!)
Before booking anything, decide how much you can comfortably spend. Break it down into categories like transportation, lodging, food, entertainment, and souvenirs. Setting limits helps you avoid the “swipe now, worry later” trap.

✈️ Book Early to Save Big
Flights, hotels, and rental cars are usually cheaper when booked in advance. Use travel sites with fare trackers to monitor price drops, and consider refundable bookings just in case plans change.

📅 Travel Off-Peak
Traveling mid-week or avoiding major holidays can save you money and help you avoid the crowds. Flexible dates often equal better deals.

🏡 Think Beyond Hotels
Consider more affordable lodging options like vacation rentals, hostels, or staying with friends or family. Not only can this save money, but it may also provide a more authentic experience.

🎒 Pack Smart
Avoid baggage fees by packing light and efficiently. Bring snacks, a reusable water bottle, and essentials to cut down on pricey airport or convenience store purchases.

💳 Use Rewards Cards Wisely
A travel rewards credit card can help you earn points, miles, or cashback on your vacation purchases. Just be sure to pay off your balance to avoid interest charges.

🎟️ Find Free (or Inexpensive) Fun
Many destinations offer free or low-cost activities, like museum days, festivals, outdoor concerts, or scenic hikes. Do a little research ahead of time and plan your itinerary around these gems.

🍽️ Eat Like a Local
Skip touristy restaurants and explore local markets, food trucks, or mom-and-pop spots. You’ll often enjoy better food at lower prices, and experience the local culture.

💵 Set a Daily Spending Limit
Giving yourself a daily cash allowance can help you stay on budget and be more mindful of what you’re spending. Consider using cash or a prepaid card to keep yourself on track.

🚌 Plan Transportation Ahead
Compare rental car companies or research public transportation options. Many cities offer multi-day passes or apps with discounts for tourists.

Ready to Start Planning?

With a little preparation and smart spending, your summer vacation doesn’t have to break the bank. And if you need help managing your travel expenses or want to explore a low-rate personal loan to make your dream getaway possible, TEGFCU is here for you.