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Tips for a debt-free summer holiday

Vacations are great. Getting away from work and your “real life” to tan on the beach or go on an adventure with your loved ones is something most of us look forward to each year.

Here are some ways to help save some big costs as you plan a debt-free summer holiday:
  • Travel a week or two before or after peak season, if possible.
  • Travel within your province or Canada to avoid currency exchange rates.
  • Reserve accommodation (including camping) in advance to avoid costly last-minute bookings.
  • Always ask for the hotel's lowest room rate and take advantage of any seasonal deals or corporate perks.
  • Stock up on items such as fruit, juice boxes and muffins to snack on during the day.
  • Choose a hotel that has complimentary breakfast.
  • Rent a suite with a kitchenette and make your own snacks and lunches.
  • Get the kids involved and save money on eating out.
  • Consider renting a house by the week, staying in dormitories or doing a home exchange.
  • Stay in a bed and breakfast or rent a condo to save some extra money.
  • Check out festivals and other free performances that can be fun for the whole family.
  • Avoid shopping malls, theme park and other forms of high-priced entertainment, if this is possible.

If your kids insist on theme parks:
  • Be sure to ask for family packages and discounts.
  • Bring your own snacks to avoid paying the high price for food.
  • Check with nearby tourist attractions to see if you can receive preferred pricing on food.

With a little bit of planning, you can have fun and debt-free summer holiday. Insurance is an essential part to make sure you can enjoy your vacation, worry-free.
Here’s how you can take care of the unexpected:
  • Ensure your medical insurance is current and valid for your travel in case of accident or injury.
  • Get additional travel insurance that covers costly emergencies, such as automobile repairs, flight delays, and lost luggage.
  • Be sure to check out any hidden protection your credit card offers (if you used it to book your vacation). For example, your credit card may offer you out-of-country medical insurance. This means you and your family are covered when travelling out of province or country for 31 consecutive days. You can save by not having to purchase additional insurance coverage. Your credit card may also offer collision damage waiver (for most rental vehicles).

If you need a hand with preparing a holiday budget or finding ways to protect yourself and save, we’d love to help. Call or visit us today.

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It's a warm summer day and you can feel the sun beating down on your skin. You are on vacation and at your favourite lake.
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