Georgia Consumers Plan to Spend Their Summer Vacations Similar to Previous Years
Wednesday, April 8th, 2015
According to the Year-End 2014 Consumer Survey conducted by the Georgia Credit Union Affiliates, 35 percent of respondents will take the same time off, travel the same distances and use the same type of transportation as years past.
Ten percent of respondents said they will travel farther and eight percent will stay closer to home. Twelve percent of respondents plan to take a longer vacation in 2015 while 10 percent will take a shorter one.
Fourteen percent of respondents said they plan to take multiple vacations this year and 25 percent of respondents won't take a vacation at all, according to the survey.
- Research non-traditional accommodations. A lodge at a state park or a weekly house rental can be more economical than a traditional hotel stay.
- Put a little money aside all year. Determine early on where it is you want to go and start setting money aside. Consider opening a savings account specifically for vacation funds.
- Consult your financial institution. Many credit unions offer vacation loans with affordable interest rates. Keep the term to 12 months to ensure it's paid off prior to your next vacation.
Click the link below for this month's issue of Consider This, which also includes national statistics from the U.S. Travel Association and vacation planning tips from Georgia Heritage Federal Credit Union Branch Manager Terry Hunt and others.