Author Archives: Business Development Rep Samantha

5 Ways a Credit Union Can Support Financial Wellness

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A credit union isn’t just a place to direct deposit your paycheck or withdraw cash – it’s your trusted partner in achieving financial wellness. No matter what chapter you’re in and the financial goals that come with it, a credit union can play a key role in giving you access to the tools and resources you need to achieve them. Here are five ways a credit union can support you in achieving financial wellness.

  1. Establishing Your Everyday Banking Habits

Many people open their first account because it’s an essential tool for managing money in today’s world. Your financial journey often begins with a basic checking and/or savings account, to help manage your money.

  • Managing Daily Transactions: Your account provides a secure place to deposit money and use it to pay bills, make purchases, send and receive money, and save for your financial goals.
  • Access Money & Monitor Spending: What do debit cards, ATMs, online banking, and mobile banking apps have in common? They all give you convenient access to your money virtually anytime, anywhere. One credit union might have different tools than another, but they likely share the same goal – increasing convenience and accessibility to your money. Certain credit unions like First Financial, participate in a co-op ATM network – where their members have nationwide surcharge-free access to ATMs, so you can access your money wherever you are without additional fees. Tools like mobile banking help you monitor spending on the go, making it easier to budget and track your expenses.
  • Simplified Money Management: Today’s financial tools make money management simplified. Direct deposit allows money to be transferred to your bank account electronically, eliminating the need to visit your financial institution or wait extra time to access your money on payday. Remote deposit capture can help you deposit checks on-the-go and outside of regular banking hours. Automatic payments and recurring and external transfers can help ensure you never miss payments, or saving for your financial goals.
  1. Safeguarding Your Hard-Earned Money

A credit union can play a key role in helping protect everything from your account information to your money. A big aspect is account monitoring and fraud prevention. Many credit unions offer digital tools that allow you to keep an eye on your accounts and transactions in real time. For example, First Financial offers various tools to help members conveniently and securely manage their First Financial cards. You can turn cards on and off at your discretion, report lost or stolen cards with a couple of clicks, and more.

Certain accounts offer financial security by giving you a reliable way to store your money and protect it from loss. Just like banks are insured by the FDIC, federally insured credit unions are backed by the National Credit Union Administration (NCUA). Member deposits are protected up to $250,000, ensuring financial security and peace of mind.

  1. Achieving Financial Milestones

The milestones and financial goals you strive for often change with the phase of life you’re in. Credit unions can help you pay for life’s big purchases, which can be a valuable tool in reaching these financial goals. In the case of making larger purchases like a home, credit unions are one of the primary avenues through which individuals borrow money to obtain a mortgage loan.

  1. Personalized Support Through Every Stage

Along with the products and services used to reach milestones and financial goals, your credit union can also provide personalized guidance to help you navigate life events. Your financial institution might be able to identify products and services that align with your evolving financial needs, helping you create a plan for reaching short and long-term goals.

  1. Access to Educational Resources

Many credit unions provide access to low or no-cost reliable financial education to empower you with knowledge and confidence to make informed decisions. They might post tips on social media, make educational material available in their branches, or publish articles like First Financial does weekly on our First Scoop Blog. Financial education is always important, whether you’re opening your first account or buying your first home. You might also find educational resources about common scams and fraud prevention, which is important since you’re typically the first line of defense in protecting your sensitive information from fraudsters.

Financial wellness is a journey, shaped by the decisions you make every day and those who help you make those decisions along the way. If you haven’t explored the resources available at a local credit union, consider taking a closer look – you might find a plethora of tools you can begin using to support your journey on the road to financial wellness.

At First Financial, we strive to provide the resources our members need to achieve financial wellness. As a not-for-profit financial cooperative, we pride ourselves in having our members’ best interests in mind in everything we do. Contact us or visit a local branch to see how we can help support your financial wellness journey with confidence.

*A First Financial membership is available to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties. A $5 deposit in a base savings account is required for credit union membership prior to opening any other account. Contact the Credit Union for more information.

Tips from Wedding Planners: How to Stick to Your Wedding Budget

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Whether you’re in the thick of wedding planning or just starting to save inspiration to a Pinterest board – you probably know the big day can come with an equally as big bill. According to a recent survey from Zola, the average cost of a wedding jumped to over $36,000 in 2025 – with 74% of couples saying they went over their original budget. It’s easy to lose sight of the bottom line when planning for one of the happiest days of your life, but setting a budget and priorities can keep you grounded as you prepare to tie the knot. Check out these tips from wedding planners on how to actually stick to your wedding budget.

1. Discuss Priorities with Your Partner

Emily Forrest from Zola, an online wedding planning company, says that discussing your priorities early on can be the difference between staying within and going over your budget. It’s not hard to feel the pressure of spending whatever it takes to make your wedding “perfect,” but it’s important to leave expectations at the door and focus on what matters most to you and your partner. Lauren Kay from The Knot, another online wedding planning company, suggests finding two or three things you are aligned on as a couple and budget for those things first. Do you prefer to keep your ceremony and celebration small and intimate rather than having a big guest list? Would you rather a DJ over a live band? It’s important to know what you’re both willing to splurge on and where you might want to cut back – rather than having competing priorities that add to the bill. Aside from budgeting, discussions about priorities will be key to keeping sight of the meaningful parts of the day that matter most to you as a couple.

2. Determine Your Maximum Spend

What can you and your partner afford to spend on your wedding without compromising on other financial goals? Consider what you will each contribute and what your families might contribute, if they’ve offered to help pay. The amount you arrive at should be your maximum wedding spend, or the total you and your partner plan to spend on your special day. After determining this figure, you can assign dollar amounts to the line items within your wedding budget. This approach will help you balance the cost of a wedding with your individual and joint financial goals.

3. Expect the Unexpected – Include Wiggle Room

Once you know the amount you can spend on your wedding, set a portion of that aside so you have some wiggle room. A general rule of thumb is reserving 5 to 10 percent of your overall wedding budget for common culprits of overspending – unexpected last-minute expenses or potential vendor changes. That means if your wedding budget is $10,000, plan to spend around $9,000 (or 90% of the overall budget) so you have $1,000 (or 10%) for any unexpected expenses that may arise.

4. Think of Your Budget as a Wedding Blueprint

Kisha Barner, CEO and Founder of K. Barner Events and author of a wedding budget eBook, recommends treating your wedding budget like a blueprint. Much like a blueprint for a house shows a plan for how rooms will be allocated within the space, a blueprint for a wedding shows a plan for how much will be spent in each category. By estimating how much you can spend in each wedding category, you can limit any impulse purchases that tend to make couples go over budget. This will also help you prioritize what’s most important to you and your significant other, as well as track and refine your budget as you go. Common categories include venue, catering, photography/videography, and flowers.

5. Track Spending Along the Way

Tracking expenses as they arise will help you stay true to your budget, make informed decisions, and avoid costly surprises. By tracking expenses, you can monitor if your spending is aligned with your intentions and make changes in real time as needed. You can also make other refinements if there is an opportunity to save or reallocate funds. For example, if you spent less than anticipated on florals – you can decide to reallocate that extra money toward another aspect of the wedding, or save it.

If you need a little extra help with your wedding budget, consider our Financial Helper Loan. With low rates, fixed monthly payments, and personalized service – you can say “I do” with less worry. For more information, contact First Financial’s Loan Department at 732.312.1500, Option 4 or visit a local branch.

With open communication and a strong commitment to your budget, you can keep financial stress out of mind so you can focus on what matters most on your wedding day and to begin your forever with the right financial footing. Congratulations to those of you tying the knot soon!

*APR = Annual Percentage Rate. Actual rate will vary based on creditworthiness and loan term. Subject to credit approval. Personal Loan repayment terms range from 12 to 60 months, and APRs range from 10.24% APR to 18% APR. Minimum loan amount is $500. Loan payment example: A $2,000 Personal Loan financed at 10.24% APR for 24 months, would have a monthly payment amount of $92.51. A First Financial Federal Credit Union membership is required to obtain a Personal Loan or Line of Credit, and is open to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties. A $5 deposit in a base savings account is required for credit union membership prior to opening any other account/loan. 

Things to Do on a Budget in Monmouth & Ocean Counties this June 2026

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Summer is more than just a season at the Jersey Shore; it’s a feeling – and one you can experience without shattering your budget. Check out these affordable family-friendly activities to welcome summer in Monmouth and Ocean Counties this June.

June 4

Bayshore Greek Fest (Holmdel) – Bayshore Greek Fest is back from Thursday, June 4th through Sunday, June 7th during various times at 20 Hillcrest Road (Kimisis Tis Theotokou Greek Orthodox Church). You ‘feta’ not miss out on the authentic eats (be sure to come with an appetite), traditional music and dance performances, and cultural items at the flea market and vendor booths. There will also be tours of the church, games and rides, and other fun family activities. Admission is $2 per person or $5 per family, and there will be additional items available for purchase. Check out how you can Greek out!

June 5

Boat Tours of the Manasquan Reservoir (Howell) – Set sail on the Manasquan Reservoir at 6pm and 7pm from the Visitor Center (311 Windeler Road). These 45-minute tours are narrated and include chances to see the unique wildlife that call the reservoir home. Tickets are $6 per adult and $4 per child ages 12 and under. Children must be 2 years or older and able to sit independently during the entire tour to attend. Tickets can be purchased on the day of the tour only. Click and scroll to the ‘Boat Tours Offered: Weather permitting’ section for more information.

Toms River Book Show – Are you looking for your next page-turner? Come meet two dozen authors who might be selling your next favorite read, from 6pm-9pm in the Toms River Artist Community Gallery. There is no entry fee to attend, but books will be available for purchase. Learn more.

June 6

Summerfest ’26 (Point Pleasant) – Start summer off right (albeit a couple of weeks early) in Point Pleasant Community Park from 11am-7pm. There will be live music, a kids’ inflatables and activity area, craft vendors, food trucks, and a Wine & Beer Garden (for those 21+). There is no entry fee to attend, but a Kids Activity Wristband is $10 and there will be items available for purchase. Find out more.

June 7

Juneteenth Celebration (Freehold) – Head over to Main Street in Downtown Freehold between 12pm-5pm for a Juneteenth Celebration. You can enjoy tasty bites, shop items from local vendors, and listen to live entertainment. There is no entry fee to attend. Click for more information.

June 12

AsburyFest (Asbury Park) – Head over to the park across from Convention Hall to enjoy all things Asbury Park from Friday, June 12th through Sunday, June 14th at various times. There will be food, drinks, and crafts available for purchase from local vendors – as well as live music to enjoy as you explore. Admission is $5 per person on Saturday and Sunday, and children ages 6 and under are free. Learn more.

Feel Good Fest (Toms River) – You’ll leave feeling better than you came at Brew Grounds Café, with “feel good” vibes going from 4pm-8pm. From a car show and farmer’s market chockful of fresh produce, to food trucks, yoga and wellness stations – there is truly something for everyone. There is no entry fee to attend, though there will be items available for purchase. Learn more.

June 13

Baby Animal Fest (Lacey) – Enjoy adorable encounters with the baby animals of Argos Farm on weekends, through June 28th. There will also be live music, family activities like an obstacle course and giant Connect Four game, yummy treats, summer photo opportunities, and blueberry picking (while supplies last). View available pricing. Click for more information about this event.

June 20

Brick Convention LEGO® Fan Event (Freehold) – The greatest LEGO® fan event on Earth is coming to Warehouse 110 on June 20th and June 21st (a perfect Father’s Day activity if any of the dads in your life are LEGO® enthusiasts)! There is lots to do and see including largescale displays, meet and greets with LEGO® Masters, traders selling loose bricks, new and retired sets, a dedicated construction zone, and more. Tickets can be purchased for $14.99 online or $20.00 at the door for those ages 3 and up, and there is no cost for children ages 2 and under. Click to learn more.

Middletown Arts Center Annual Arts & Crafts Festival is back from 10am-4pm! Over 75 local artisans will be displaying their handmade creations – such as paintings, photographs, jewelry, home décor, clothing, and candles. There will be an emerging young artisan’s area for local youth in grades 6-12 to display their work, too! Plus, enjoy free activities for your kiddos, live music, food trucks, and more. There is no entry fee to attend, but there will be items available for purchase. Click to find out more.

June 21

Father’s Day at the Track (Oceanport) – Father’s Day is off to the races at Monmouth Park from 12pm-5pm. Enjoy a day of family-fun activities like thrilling live horse races beginning at 12:50pm, games, and various dining options and concession stands. There is no cost for gentlemen to enter, and they will also get a chance to win Lynyrd Skynyrd concert tickets at PNC Bank Arts Center. General admission is $7 for the rest of the family, and there is no cost for children under 12. Learn more.

Rods, Reels, and Wrenches (Cream Ridge) – Head over to the New Egypt Flea Market Village with the dads in your life for a day of things they love, from 8am-4pm. Whether Dad likes fishing, fixing things, or family time – there is bound to be something for them to enjoy! There will be great finds, awesome attractions, tasty treats & drinks, and more. There is no entry fee to attend, but there will be items available for purchase. Discover more.

June 22

Saint Mary’s Great Fair (Middletown) – Mark your calendars for six nights of family-friendly fun at Saint Mary’s Church, through June 27th at 6pm-10pm each night. There will be activities for the whole family to enjoy, such as classic carnival rides, boardwalk-style games, a wide array of tasty bites, a beer garden (for those 21+), and more. Ride tickets can be purchased for $35 in advance through the parish office, or for $40 at the door. Learn more.

June 23

Movies on the Beach (Point Pleasant Beach) – Enjoy weekly installments of Movies on the Beach right in the sand in front of Jenkinson’s Aquarium, beginning at sundown every Tuesday through August 11th. Each week will bring a different family-friendly movie that’s sure to put a smile on everyone’s face. The first movie showing is Lilo and Stitch (2025). All you need to enjoy the movie is a blanket or beach chair (or both), and some snacks. Learn more and view the summer movie lineup.

June 28

America’s Big Birthday Parade (Middletown) – You won’t want to miss America’s Big Birthday Parade – beginning at 12:30pm at the Middletown Train Station. After the parade, the celebrations continue with a Family Festival at Mater Dei Park. Enjoy live entertainment, rides and attractions for all ages, food trucks, and more. There is no entry fee to attend the events, though food items will be available to purchase. Find out more information and view the parade route.

How to Budget for Your Baby’s First Year

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If you’re preparing to welcome a new baby, you’re probably already expecting sleepless nights and plenty of new expenses – as well as unforgettable milestones along the way. While you likely know your expenses are about to change, it can be difficult to pin down exactly how much these changes may cost. Which baby items are must-haves, and which can you afford to skip?  Which items are one-time purchases, and which will become ongoing costs? Calculating what you’ll spend in the first year isn’t an exact science, but having a plan can reduce financial stress so you can focus on what matters most. Here are the first-year expenses you can expect and how to plan for them.

1. Start with Common One-Time Expenses

Below are some items that expectant parents typically purchase before or just after birth to prepare for bringing their little one home:

  • Nursery furniture – such as a crib, mattress, changing table, and dresser.
  • Baby gear – such as a stroller, infant car seat, high chair, baby monitor, and a starter supply of diapers and wipes (don’t buy too many newborn diapers – your baby will likely quickly outgrow these).
  • Toiletries and medication – such as an infant thermometer, baby bath, and washcloths.
  • Newborn clothing.

2. Understand Ongoing Expenses

These are items that typically become a non-negotiables within your budget once you bring your child home:

  • Diapers and wipes.
  • Feeding – such as formula if you plan to use it, and baby food as your child grows.
  • Medical expenses – such as co-pays for doctor visits.
  • Toiletries and medication – such as baby wash, shampoo, and over-the-counter infant pain relievers and fever reducers.
  • Clothing, since your baby’s wardrobe will need to be replaced as they outgrow their newborn clothes.
  • Childcare – which tends to be the biggest potential variable expense and will differ based on each individual family’s situation.

3. Learn Where You Can Save

While there are certainly items that might be worth spending a little more on, there other areas in which you can save:

Clothing. Babies typically outgrow their clothing every 2-3 months and because of this – used clothing can also be like-new. If you prefer to buy new clothing, it might be worth skipping the full wardrobe and sticking to a handful of onesies and sleepers per size category.

Baby gear (such as strollers and highchairs). You can usually purchase these items second-hand at local thrift stores, garage sales, or online marketplaces for a fraction of the cost. An exception to the second-hand rule are car seats. It is recommended to always purchase new car seats, as they do expire and prior crash history may not be available.

Diapers. There are subscribe-and-save services to save on the price and shipping cost of diapers. You may also consider using cloth diapers. The upfront cost of cloth diapers is more, but this can cut the total spend since they are reusable. Lastly, consider going with store brand diapers – they will typically work just as well. The same may go for store brand formula, provided it meets the same FDA standards as name-brand formula. Research as much as you can in advance.

Toys and books. While not a necessity, you may also be able to find great deals on toys and books at your local thrift shop, a garage sale, or via online marketplace. If you have friends or family members who have slightly older children, you may even be able to take advantage of hand-me-downs.

4. Prepare Financially Before Baby Arrives

There are a few ways to baby-proof your finances before your little one arrives:

  • Save 3-6 Months of Expenses in an Emergency Fund. Personal finance experts always recommend having 3-6 months of expenses stored away for a rainy day, but this becomes even more important with a new addition to your family. A new baby paired with a sudden emergency (job loss, medical emergency, or major car repair) can lead you into relying on high interest debt to stay afloat. This can be avoided by having an emergency fund.
  • Consider a Baby Sinking Fund. Babies often come with unexpected expenses. It may be useful to have a baby sinking fund, or a separate savings account specifically for unforeseen baby-related expenses. This can help you avoid dipping into your general savings or emergency funds.
  • Work on Finalizing Childcare Plans. Depending on the parental leave policies available to you and/or your spouse, assistance from family, and your personal preferences – you may need to budget for extra childcare costs. While there are many childcare options out there, daycare centers may have waitlists and should be researched and toured early. Consider whether you prefer a daycare center or an at-home nanny. Many families even opt to have a back-up care plan in place after they finalize their primary childcare option.

It is common to see estimates for the cost of your baby’s first year in the ballpark of $15,000 to $20,000, which is an eye-opening figure for most. Keep in mind that this amount varies significantly between families based on multiple factors such as geographic location and childcare needs. Although financially preparing for your baby’s first year might be daunting, a little thoughtful planning can go a long way into being more prepared to welcome your newest addition.

If you have questions about expanding your budget for a new baby, managing your savings, or creating a financial plan for your expanding household – First Financial is here to help you every step of the way. Contact us today or make an appointment at your local branch to further discuss the options that may be available to you.

A First Financial membership is available to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties.  A $5 deposit in a base savings account is required for credit union membership prior to opening any other account. Contact the Credit Union for more information.

The Do’s and Don’ts of Applying for an Auto Loan

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If you’re getting ready to buy a car, you’re probably excited about the thought of driving off in your new set of wheels. But first, we’ll need to hit the brakes – since you can’t drive off without having your financing in place. The decisions you make leading up to and during the auto loan application process can affect everything from your approval odds to your interest rate and monthly payment. Luckily, learning what to do (and what not to do) before applying can make a big difference.

Don’t Fly in Blind – Review Your Credit Report

In our previous article on what to do if you’re not approved for an auto loan, we mention the importance of reviewing your credit report before re-applying for an auto loan. The same is true when applying for the first time. Your credit score and credit report will usually be the key factors influencing whether you’re approved for an auto loan, and if you are – the interest rate you’ll be offered. Review your credit report to ensure all the information is accurate and up to date before you apply for a car loan. Errors can mean the difference between being approved or not.

Do you see room for improvement in your credit score? Consider taking steps to raise it before applying for an auto loan, such as paying down balances and making on-time payments.

You’re entitled to a free copy of your credit report every 12 months from each credit reporting bureau. Visit AnnualCreditReport.com to get started.

Don’t Apply for New Credit

Credit applications, such as for a credit card or personal loan, can trigger hard credit inquiries – which indicate that a lender requested to see your credit report. Hard inquiries can cause minor, temporary drops in your credit score. Recent credit applications tell lenders that you might be looking to take on additional debt, which can raise concerns about your ability to manage repayments. Consider avoiding any new credit applications before applying for an auto loan.

Do Set a Realistic Budget

Before you start looking for a car, figure out what you can comfortably afford to pay each month. Although the monthly payment will likely make up the largest portion of your car-related expenses, it’s important to consider other costs associated with owning a vehicle:

  • Insurance
  • Gas
  • Routine maintenance
  • Unexpected repairs

Lenders will also consider if you can afford the loan before extending an approval. They will review your other monthly debt obligations, such as credit card or other loan payments. If a lender sees that you don’t have the income to support a new monthly car payment in addition to paying your other loan balances, they might be concerned you will eventually fail to repay the loan. Applying for a car you can realistically afford will improve your chances of loan approval.

Don’t Be Afraid to Research Multiple Lenders

There are many benefits to exploring your options from multiple lenders, like finding the lowest interest rate. Your local community bank and credit union may offer different auto loan rates than other lenders. A lower interest rate can save you hundreds of dollars over the life of the loan and even lower your monthly payment. A lower monthly payment means more money left for you to pursue other financial goals!

Many lenders offer loan preapproval options, so you can preview what rate, term, and monthly payment you’ll receive. This allows you to shop around for the best offer before deciding on a lender. If you’re looking for an auto loan in Monmouth or Ocean Counties, NJ – First Financial offers preapprovals on both new and used vehicles so you can shop with confidence.

Do Compare Financing Options

Various lenders will offer you different rates, terms, fees, and flexibility. Don’t forget to consider your local credit union when applying for a car loan. Credit unions are not-for-profit financial cooperatives, and can typically offer their members competitive rates and lower fees on various types of loans. Credit unions are member-owned and focus on building relationships with their members – meaning you’ll get personalized service and also know your lending decision was made locally.

If you live, work, worship, volunteer, or attend school in Monmouth or Ocean Counties and are exploring your auto loan options – visit one of our local branches, call 732.312.1500 option 4, or apply online 24/7.*

*Not all applicants will qualify, subject to credit approval. Additional terms and conditions may apply. Actual rate may vary based on credit worthiness and term. First Financial FCU maintains the right to not extend credit, after you respond, if we determine you do not meet our guidelines for creditworthiness. Current loans financed with First Financial FCU are not eligible for review or refinance. A First Financial membership is required to obtain an Auto Loan and is available to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties. See credit union for details. A $5 deposit in a Base Savings Account is required to establish membership prior to opening any other account/loan.

How to Budget for a Summer Vacation Without Going Into Debt

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Summer is approaching and like many, you might be wondering how you’re going to make a vacation happen without taking on additional debt. Traveling can create meaningful, lasting memories, but it can also create debt that’s difficult to pay off. However, with a little planning – you can make sure souvenirs and memories are the only things you’re coming home with (bye-bye vacation debt)! Here are some tips for planning a summer vacation that fits your budget.

Start with a Trip Cap

What can you comfortably afford to spend on a vacation? Consider your current and future financial obligations, as well as what you can realistically save by the time vacation rolls around. The amount you can comfortably afford to spend should be your trip cap, or the maximum amount you should spend on your vacation. By having a trip cap, saving should feel stress-free and your other financial obligations and goals won’t be skipped to make vacation happen. You’ll also be able to decide on a realistic destination that you can afford currently. A trip cap will also guide your next step: creating a vacation budget.

Create a Vacation Budget

Budgeting for a vacation is not all that different from budgeting for day-to-day life. There will be fixed expenses you can expect like lodging and airfare, and variable expenses like meals and souvenirs. Have a vacation destination in mind before creating your budget. You’ll be able to research real costs ahead of time, so your budget is realistic and you won’t run out of funds before takeoff.

Here are some categories you should factor into your vacation budget:

  • Lodging
  • Airfare (if your destination requires it – if not, add on the cost of your chosen method of transportation)
  • Transportation (such as public transit or rideshare service to get around while on your trip)
  • Meals
  • Activities
  • Shopping

You’ll also want to check out our previous blog post on money-saving travel tips. You might not be able to avoid certain travel expenses entirely (lodging or meals), but there are still ways to make your trip fit your budget. For example, choosing to stay in a hotel that offers free breakfast – leaves you paying for one less meal per day throughout your entire trip.

Plan for the Unexpected

Your budget should also include a buffer for unexpected expenses. This buffer will help limit stress and avoid using a credit card you didn’t mean to use in the event of an unexpected expense. A general rule of thumb is to reserve 10-15% of your budget for those potential expenses. For instance, if your trip budget is $2,000 – at least $200 should be reserved for unexpected expenses.

Here are examples of some unexpected expenses that this buffer could cover:

  • Medical emergencies
  • Lost or delayed baggage
  • Delayed or cancelled transportation
  • Currency fluctuations if traveling abroad

Use a Dedicated Savings Account

Putting your vacation fund in a special savings account can help you avoid dipping into it for everyday expenses throughout the year. It can also help you visually track the progress you’re making. You’ll be less likely to use funds from your dedicated vacation savings account, than funds that are mingled with your everyday spending money.

If you live, work, worship, volunteer, or attend school in Monmouth or Ocean Counties in NJ – our Summer Savings Account is another way to save for vacation expenses.* Start saving for your future summer trip in the fall, and elect to have the funds transferred entirely on July 1 or split between 50% on July 1 and 50% on August 1  – depending upon the date of your summer travel.

Automate Your Savings

Automating your savings each month can take the willpower out of saving money on your own. The funds will be distributed into your designated savings account before you even notice – out of sight, out of mind! This also reduces the chance that you will skip making the manual transfer between your accounts, since automating takes away the need to decide.

Deposits into a First Financial special or summer savings account can be made via payroll deductions or direct deposit, helping you pay yourself first every payday and save consistently. Then, when your vacation rolls around – you’ll have a savings fund that will help you enjoy it without financial regret.

The moral of this story? It is possible to have a memorable vacation without going into debt, by saving and spending intentionally within your means.

Want to see more content like this delivered to your inbox? Subscribe to our First Scoop Blog.

*A First Financial membership is available to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties. A $5 deposit in a base savings account is required for credit union membership prior to opening any other account. Other terms & conditions may apply, see credit union for details.