How to save for your summer vacation

by Editors at Fair
April 28, 2022
How to save for your summer vacation

You may still be unpacking from a spring break trip, but soon summer will be here and your next trip awaits.

Summer vacations are a great way to explore, try new foods, and make fun memories with your family. But first, you need to work out the financial details. How are you going to pay for your summer vacation?

According to ValuePenguin, the average cost of a vacation can be anywhere from $581 for a 4-day domestic trip to more than $3,000 for a 10-day international getaway. And that doesn’t always include food, entertainment, souvenirs, etc.

Summer vacations can be pricey, so it’s important to be proactive and save money rather than running up those credit cards. With rising gas prices, food prices, and just about everything costing more these days, how can you save money for that dream getaway?

We’re here to help.

The Fair Wealth Building Account is a savings alternative that allows you to generate high yield returns from your balance, without any extra fees or hassle. Simply put, it puts your Wealth Building Account balance to work by investing in dividend-paying assets and passing along most of those returns to you.

The return on your Wealth Building Account is 4% annually, and it’s paid monthly from Fair Invest and deposited directly into your account1. There is no minimum balance requirement nor a cap on your balance that is eligible for dividends.

Even better, Fair won’t charge you any additional fees for the Wealth Building Account.

For added peace of mind, Wealth Building Accounts are SIPC insured. All you need to do is sit back and watch your Wealth Building Account balance grow every month!

And when you are ready to hit the road for your summer vacation, you can access your money via our FairPay mobile app, use the Fair debit card, or withdraw cash at over 55k ATMs across the US5. So plan your vacation and pack your bags!

Learn more about the Fair Wealth Building Account here.