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4 Ways North Jersey FCU Can Help Fund Your Summer Vacation

If you’re like most Americans, as soon as you see ads announcing Memorial Day sales events, you start thinking summer. Summer means flip-flops and sandy beaches, sunscreen and baseball, fireworks and ice cream — and vacations!

You are ready to getaway this summer, and you have a perfect vacation planned out. But how are you going to get around the steep price tag on your dream getaway? Do you pull out the plastic, make it happen and worry about paying your credit card bills after you return home?

You are in luck. As a member of NJFCU, you have access to a variety of products that can help cover the costs of your vacation. Here are a few ways North Jersey Federal Credit Union can send you packing for your dream summer getaway!

1. Vacation Savings Account
It’s easier to save up for a specific goal when you separate the funds from your other savings. When you open a vacation savings account at North Jersey Federal Credit Union with the express purpose of using it to accumulate funds for a summer vacation, you’ll always know exactly how much money you’ve saved up for your getaway.

You may have already started saving up for summer expenses in your regular savings account. Move that money into your summer savings account now so your vacation funds are in one easy place!
Next, determine when you’d like to go and count the number of weeks or months left until your vacation date. Work out the exact amount you’ll need to save each week or month by dividing your total vacation budget by the number of weeks or months left to go before your trip. Finally, link your checking account and your designated vacation savings account — and set up a direct deposit — so that your summer savings can grow almost effortlessly.

2. Skip-a-Payment
If you’re looking for ANOTHER way to pay for your summer vacation, try taking a break from some of your financial responsibilities this summer. North Jersey FCU allows qualified members to skip a loan or credit card payment during this expensive time of year. By choosing to skip-a-pay, you’ll get the break you need without defaulting on your loan.

Please do note, your loan payment will extend for an additional month, and the interest on the skipped payment will be integrated into the principal of your loan.
Skipping a payment is not recommended for members who are struggling to get on top of their finances. But, if you’re in a situation that’s financially stable and need a little extra breathing room this time of the year, skipping a payment can be a great way to help cover your summer getaway.

3. Vacation Club Account
Instead of stressing about summer expenses when the calendar hits June each year, why not pay a little bit toward your summer costs all year long? When you open a Vacation Club account at North Jersey Federal Credit Union, you’ll be spreading the cost of your summer getaway across the entire year. Each month, you’ll put a little bit toward funding your vacation. When summer rolls around, you’ll have the fund you need for your vacation. This allows you not having to go into debt. Find out more by speaking to a North Jersey Federal Credit Union representative about opening a Vacation Club account to help cover the costs of summer vacation.

Get your vacation plans off the ground by calling US AT 973.785.9200 to ENROLL today! We have a broad range of products that can turn your dream vacation into a reality.

 

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