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Summertime Vacation Saving Tips

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

MarkFoster_CCOABy Mark Foster

Families typically take vacations during the summer. However, the high cost of gasoline – currently in the $3.50/gallon range – has many families reconsidering. Some won’t go as far from home as they would have liked, while others won’t go anywhere. In fact, a recent CCOA online poll had 55% of respondents say the high cost of gasoline would prevent them from driving anywhere this summer for vacation. Here are some ways to help you save on gasoline so you might be able to afford driving to a vacation destination: 

  • Drive smoothly. Don’t “floor it.” Fast starts and aggressive driving greatly cut down fuel efficiency.
  • Driving 65 mph on the highway instead of 70 mph can use 13% less fuel. This is mainly due to the wind-resistance factor.
  • Make sure your tire air pressure is adequate. Underinflated tires will not only wear out your tires quicker, but also cause you to use more gas, too.
  • Extra weight makes your car work harder. If your trunk is doubling as a storage closet, remove some items.
  • Idle for no more than a minute. For example, if you’re waiting for your family in a convenience store parking lot while they’re inside, turn the car off after a minute. It takes less fuel to restart your car than to idle longer than a minute.
  • If you don’t already have a lock on your gas tank, consider buying a locking gas cap to prevent gas siphoning.

Stretching your gas dollar can be helpful, but if it’s not enough, you may need to take a step back and look at your overall budget and see what you can adjust.

Mark Foster is Director of Education with Credit Counseling of Arkansas (CCOA). CCOA is a member of the National Foundation for Credit Counseling. Contact CCOA at 800.889.4916, or visit CCOA online at www.CCOAcares.com.

Views expressed are the personal views of the author, and do not represent the views of the National Foundation for Credit Counseling, its employees, its members, or its clients.

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