Planning Ahead & Budgeting for Vacations

Vacations are supposed to be fun and relaxing, but planning for a vacation can be the exact opposite. Save yourself time, money, and frustration by planning ahead and putting together a vacation budget.

Plan Ahead

A great way to prepare for an upcoming vacation is by opening a Vacation Savings account. These accounts are separate from your regular savings accounts and are used specifically for vacation funds. Here are a few ways you can use this account:

  • Determine a designated amount of money that you would like to place in the Vacation Savings account each paycheck or each month. Set up automatic transfers or have your direct deposit split between multiple accounts so you never forget and you don’t accidentally spend the money that is supposed to be saved for your vacation.
  • Place your spare change in a jar and deposit it into your Vacation Savings account each time it gets full.
  • If you receive a sum of money that is separate from your usual income, such as a bonus or tax return, place the funds in your Vacation Savings account.
  • If you have cash leftover from a vacation, deposit it into your Vacation Savings account so you can use it for your next vacation.


Keeping your Vacation Savings separate from your regular savings and checking accounts keeps you on track and reduces stress once your vacation comes around. Another way to reduce stress is by creating a budget so you know what to expect. It is easy to overlook small expenses that, in reality, turn out to be a large expense once added up. Here is an easy-to-use tool that can help you plan ahead and stay on top of common vacation expenses:

Vacation Budget Worksheet

Get Started

Starting a Vacation Savings is easy, and using it is even easier. You are able to contribute as much as you want and you can withdraw funds whenever you are ready. You can also use the funds from your Vacation Savings to purchase a Travel Card for your getaway and we’ll waive the fee.

If you would like to learn more about Vacation Savings accounts and how they can help you prepare for upcoming trips, stop by one of our branches or call 217-278-7700. We are more than happy to answer your questions, because as our members’ teammates we’re the ones who cheer the loudest when they reach their financial goals.

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