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Get Your Wallet Summer Ready

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Get Your Wallet Summer Ready

Summer is finally here, and it comes with many fun activities that we look forward to all year, like traveling, graduation parties, amusement parks, concerts, weddings, summer camps, and more. But the summer months can also come with budget challenges. Protect your wallet to avoid getting financially burned by making a summer budget plan.

Build A Summer Budget

According to a MassMutual study, 52% of Americans overspend in the summer, and only 28% of respondents have a summer budget. There are a lot of spending temptations in the summer. You don’t want to miss out on the fun but don’t want to put yourself into a financial bind. Having a more formal summer spending plan will help you stay on track. Set a reasonable spending goal and pledge to stick to it. Take advantage of our free financial education resources to help budget and save.

Another smart idea is to develop a summer savings fund. Throughout the year, put any extra money into a summer fun fund. Also, scour your budget to eliminate unnecessary expenses and add that money to your fund. We can help you set up your summer fund with various savings accounts. You should also consider opening a short-term Flex-Term Certificate, which earns an impressive 4.59% APY*, boosting your savings.

Keep your focus on your long-term savings plan. While a tropical vacation may be calling your name, consider how it will impact your overall savings plan.

Ways to Save and Still Have Fun

There are many things you can do to have a fun, budget-friendly summer:

  • Drive to your destination rather than fly. Gas prices have significantly increased airline fares.
  • Avoid big tourist destinations with expensive food and lodging costs.
  • Look for free activities like community pools, festivals, art or craft fairs, and outdoor concerts.
  • Make meals to take with you to avoid high prices for fast food or drinks and snacks at amusement parks or other venues.
  • Look for deals, coupons, and dining discounts from websites like Groupon and LivingSocial.
  • Book a vacation rental, cheaper than staying at resorts or hotels.
  • Use your credit card rewards to save money on flights, meals, and activities. We have several different credit cards that offer a 0% introductory rate, cash back, and travel rewards.

Let LA Financial Help You

Let us know how we can help you prepare for summer spending through savings, credit cards, or loans. As a credit union, we offer some of the best rates around. If you have any questions, please contact us at 1-800-894-1200 or at a branch.


*APY= Annual Percentage Yield is accurate as of 1/01/24. The current dividend rate is 4.59% APY. Available for new money only. New money is defined as funds not currently or previously on deposit with LA Financial CU or Havasu Community CU. The advertised 4.59% APY with a minimum of $1,000 assumes dividends remain on deposit until maturity. Once mature, a 5-month term certificate will roll over to a 6-month term at the then current rate; 9-month or 13-month term certificates will roll over to a 12-month term at the then current rate. Dividends accrue daily and are paid monthly and at maturity. Early withdrawal penalties apply. This offer is valid for Traditional and Roth IRA Certificates. This offer is not valid on business accounts. All Credit Union programs, rates, terms, and conditions are subject to change without notice. Offer rates and terms are subject to change without notice. Please see our Account Agreement and Deposit Disclosures Packet at lafinancial.org/forms-disclosures for full terms and conditions.