Blog   Tagged ‘vacation’

Planning last minute holiday travel

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Temperatures across the country continue to drop as the holiday season approaches. While the change in weather means seasonal cheer is on its way, it also means winter is coming.

Temperatures across the country continue to drop as the holiday season approaches. While the change in weather means seasonal cheer is on its way, it also means winter is coming. Sometimes a vacation to help forget the ice, snow and wind is the most welcome gift anyone can receive.

If you are considering booking last minute holiday travel, prices will likely be very high due to demand. However, there are ways to reduce costs and book a budget-friendly vacation.

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Plan a holiday vacation


Find the best deals
According to The New York Times, one of the best times of the year to travel to Europe is during the holidays. While airfare might be pricier than other seasons, hotels tend to be far more affordable, making a holiday trip to Europe more plausible.” Europeans tend to stay at home for the Christmas holiday,” said Gabe Saglie, a senior editor at Travelzoo. “That means there are hotel deals to be had in popular destinations.” Traveling parties can enjoy upgrades and discounts during the slower season, which provides a little more wiggle room when working with a fixed budget.

Even domestic hotels are more affordable during the holiday season. “Thanksgiving to Christmas can be a bargain proposition because the business traveler is not booking those hotels,” said Saglie.

Consider booking a cruise
When it comes to kicking back and relaxing during the holiday season, there is no better way than on a cruise. These trips are especially beneficial because they often include the price of everything from food to entertainment. This package deal eliminates some of the pressure accompanying planning a trip and saves you money. U.S. News & World Report suggested using the help of a travel agent. These professionals can help you find deals that aren’t available to the general public – ultimately saving you money. Last minute booking can also save you a bit of money when paying for a cruise, noted U.S. News & World Report. However, you’ll need to be flexible with dates to get better deals.

Determine a plan for saving
When planning last minute holiday travel, gather as much money as possible to use toward the trip. Independent Traveler suggested opening a savings account designated specifically for travel expenses. Contribute to the fund regularly to build a nice stash of spending money you can use while on your vacation.

Since the holidays are approaching so quickly, consider setting up automatic deposits to ensure you regularly contribute a certain amount of each pay check to your savings account.

In addition to having a savings account, a change jar is another easy way to build additional funds for the trip. While it may not initially seem like very much, change can add up quickly and really bolster the growth of vacation savings.

Enlist the help of others
When you are bringing the whole family on a vacation, it provides a unique opportunity to teach your children a little bit about saving money for something special. Ask your young ones to help make their very own contributions to the family vacation savings account. Whether they have an allowance they want to deposit into the fund, or if they decide to give up weekend outings to cut costs, kids can help make a substantial impact on your savings for a holiday getaway.

Even though flight prices can be higher in the holiday season, a vacation shouldn’t be written off as out of the budget just yet. With a little planning and dedication, you and your family can enjoy some time away.

 

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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10 financial safety tips for vacation

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Most people think summer is the only time to take a vacation. But a lot of people take vacations in the fall and winter when flights and hotels are less expensive and tourist destinations aren’t as crowded.

A vacation is a great time for relaxation and spending time with family and friends. The last thing you want is to stress about fraud and have your vacation ruined because of a lost or stolen credit card. You can usually avoid this headache if you take a few extra steps when preparing for a trip or are more aware of your surroundings. Here are few tips to help prevent you from becoming a victim of fraud on vacation.

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  1. Protect cards as if they are cash. Do not leave them unattended anywhere, such as in a car, restaurant or even at the pool. If you are traveling, your cards should be with you at all times. Or you can put them in a secure location like a hotel safe.
  2. Never write down a personal identification number (PIN) – memorize it. Also, designate unique PINs for each card, and use random number, letter and symbol combinations when possible. Do not use easy to crack codes, such as a birth date, which could easily be found in your wallet.
  3. Don’t leave credit cards in your car’s glove compartment. An alarmingly high amount of all credit card thefts are from this area.
  4. Always check to make sure cards are returned when used at a store or restaurant. It’s easy to forget cards, especially when you’re on vacation. And it’s easy for servers or sales people to return the wrong card when they’re in a hurry.
  5. Don’t carelessly discard or leave documents that contain personal information in the open – including account numbers – such as car rental agreements or airline tickets.
  6. Do not give account numbers over the phone unless you have initiated the call. Most companies will only ask you to verify a portion of your personal information.
  7. Always take receipts and destroy any extra copies.
  8. If you travel overseas, let your card provider know about your plans to travel to a foreign country. There may be restrictions on using cards in some countries and a provider will be less likely to question the foreign transactions if prior notice is given.
  9. If you decide to shop online on vacation or need to update flight or hotel reservations online, be mindful of the websites you visit and what information you share. Always purchase from websites that start with https because this means it is a secure site. Also, be mindful when using public Wi-Fi networks. Internet connections that require a password are the safest. You don’t want that new eBook you ordered online costing you half your bank account.
  10. Most fraudulent use of cards takes place within a few days of their being lost or stolen. If your card is lost or stolen on vacation, immediately report it to the issuing bank or financial institution.

Mr. Rine became president of the Kansas City region in 2011. In his current role, Mr. Rine is responsible for managing the Kansas City commercial banking teams and partnering with other bank line of business leaders to implement the strategic plan for Kansas City. He is the advisory director for UMB Bank, n.a., and is on the following UMB advisory boards: Metro, South, Johnson County, St. Joseph and UMB Financial Services. He joined UMB in 1994. Mr. Rine earned a bachelor’s degree in finance from Missouri State University in Springfield, Missouri.



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