It's summer, and we're starting to travel more. While the world has undoubtedly changed, it's still a good idea to follow these travel tips to ensure your dream vacation doesn't turn into an unwanted nightmare.
Enjoy your vacation but don't spend all of your savings on your vacation. You still have to return home and pay bills. The last thing you want to do is spend your rent, car note, or mortgage payment on your vacation. Instead, remember to make informed financial decisions and budget and save to ensure that when you do return home, you'll be able to relax, knowing that while you just went on a much-needed vacation, it won't disrupt your regular payment schedule.
Is your WiFi connection secure?
While traveling, you'll likely log onto a WiFi connection at either your airport or your hotel. However, be very careful when surfing the net on a public WiFi connection when logging into your account, as your financial information may be compromised on an unsecured WiFi network. It's always better to ask an associate for the security key on a secure network rather than browsing on a public network that doesn't require key access.
It's also a good rule of thumb to keep an eye on your spending while on vacation. Realizing you've spent too much money while on vacation can dampen a vacation quickly. You can also set up mobile notifications; that way, you'll be able to react promptly to unauthorized transactions.
Have fun while you're on your summer vacation, you deserve it, and you earned it but remember, at some point, your vacation will end, and you want to make sure going on vacation doesn't put you in a poor financial situation. An essential part of vacation is budgeting. Always be sure to budget expenses and an emergency plan and account in the event of an emergency.
Have more than one payment method.
It is always smart to have access to more than one source of funds when you travel. In addition to your Essex Bank debit card, carry a combination of alternative payment methods. When using your debit card on vacation, always monitor your purchases and account balance carefully and report fraudulent activity as soon as possible.
(Associates at any Essex Bank location can provide you with more information about safeguarding your money as you're preparing for your summer vacations. In addition, by keeping Essex Bank informed of your travel plans, we can help ensure a stress-free and successful vacation for you and your family.)
Enter your city & state or zipcode below to find your nearest banking location.