Use Your Credit Union in New Bedford to Plan Summer Vacation

As you sit there in freezing temperatures, watching the snow continue to fall, what could be better than to start thinking about and planning for your summer vacation? You can increase your savings and make plans for a great getaway with the help of your New Bedford Share Savings account and other savings opportunities at St Anne Credit Union. Browse our online banking member guide for information on all the ways that you can take advantage of the savings options at your local credit union in New Bedford. Take a look at the following tips from successful money management professionals so you can enjoy a worry-free, fully funded, and well-deserved vacation out of the New England region.

Tip #1 – Create a New Account
One of the best ways to resist the temptation to spend your savings before you get to use them for your vacation, is to create a separate savings account. Speak with an agent at St Anne Credit Union in New Bedford to find out about opening a separate savings, money market or other type of account that will allow you to keep your vacation money separated from your checking, regular savings, emergency savings, and other types of accounts. The theory is that if you have to go through a couple of steps to access the funds, even through the options available in our online banking member guide, you will have time to think about your choices, hopefully long enough to completely change your mind.

Tip #2 – Auto Transfer Deposits
Another great tool that you can use is to automatically move money from your other accounts at the credit union in New Bedford to your special savings account. Set up an automatic transfer deposit to occur on the date that you get paid or any other significant date on the calendar. This can help you to get into a routine of depositing money into your savings account at St Anne Credit Union in New Bedford, just as you would make an automatic payment for a utility bill or credit card.

Tip #3 – Create a Vacation Budget
Sometimes just taking the time to create a budget for your upcoming vacation is call it takes to increase motivation to save. Making plans helps keep everyone looking toward the future, which causes it to feel more “worthwhile” to start saving and stashing money away for that special day. Think about travel costs, whether you will be driving or flying, as well as food costs, entertainment venues, hotel costs, and anything else you might need along the way. Parking costs, souvenirs, snacks, toll costs, and entrance fees, should all be included in your budget for your vacation.

Tip #4 – Unexpected Income
If you get money from unexpected sources, such as an income tax return, bonus at work, refund for something you forgot about, or other additional money-making opportunities, invest it into your vacation. Selling some old stuff on Craigslist or eBay? Put the proceeds into your New Bedford Share Savings account and watch it grow. Check out our online banking member guide to find more ways to grow your money at our credit union in New Bedford.

Tip #5 – Check Your Spending
Did you know that the average American spends $30 a week on pricey lattes or fast food? At $5 per ice blended or $8 per combo, it can add up quick. Take a look at your personal spending and see how much you could save by making your iced coffees at home or brown bagging it once or twice a week. Other things that can be reduced or cut out can include going out for dinner or going to the movie theater. Get a $2 movie box rental, pop some popcorn in the microwave, and pick up a $10 pizza at Costco. The average cost for going out for pizza and then to the movies for a family of four can be between $100 and $150.

Visit St Anne Credit Union in New Bedford
If you are interested in learning more ways to save for your summer vacation by using your credit union in New Bedford, give us a call at 508-993-0011. You can also stop by and speak with one of our agents about opening up a New Bedford Share Savings account. Learn how to manage your money online with our new online banking member guide. For over 100 years, local residents and workers of Bristol and Plymouth counties have benefited from the many services and opportunities available as members of St Anne Credit Union in New Bedford. Our member-owned, non-profit financial institution serves over 3,100 members and is the longest running credit union in all of Southeastern Massachusetts.