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Four Summer Vacation Ideas That Won’t Break the Bank

Summer is here. Consider the following ideas to ensure your summer vacation is affordable.

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1. Be a tourist in your own town

Lace up a pair of comfortable shoes, throw some snacks in a bag and pretend you’re seeing your surroundings like a visitor would. Connect with your local chamber of commerce to find local events and attractions that you have never visited before. Look for free or discounted admission days to museums. Discover local parks and walking paths. Another thought: check out a new restaurant for lunch when the prices are lower instead of dinner. Whatever you choose, have fun.

2. Be a volunteer

Where is it written that a vacation means spending thousands of dollars on a beach resort? Being generous with your time and giving back to others less fortunate than you can reap rewards, too. Ask your local town office if there are any projects needing a helping hand. Try searching online for “local volunteer opportunities near me.” You’ll feel good and maybe make new friends. And, as a bonus, you may get some exercise, too. 

3. Be open to the unexpected

Last-minute travel deals are a great way to get away at a manageable cost. Many websites have destination ideas and offer special rates. While you may not be able to go on your dream vacation, if you remain flexible, you might find a hidden gem—and wind up with your feet in the sand or walking through an exciting new city.

4. Be social

Catch up with friends and family. This can happen in a backyard just as easily as at a pricey resort. Wherever it is, getting together with people you enjoy is a great way to improve your mental health, which will help you feel optimistic about achieving your financial goals.

You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds' prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.

Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.

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