Are you ready for some summer fun but worried about how your wallet will handle it? Use a personal loan this summer to balance your fun and keep a steady hold on your finances. A personal loan is an amount of money you borrow from a lender for various needs or wants that you can pay back over time. With a personal loan this summer, you can do a lot of different things.  

Taking Your Dream Vacation

Take this summer to go to the one place you have always dreamed of seeing! Starting with the cost of the plane tickets, the hotel, and the meals, a trip can start to feel overwhelming but a personal loan can cover any extra expense. You can take a lavish trip and not stress about the financial burden because you have a plan to pay for it over time.    

Home improvement

You may need a personal loan this summer for something a little closer to home. If you do not have equity in your home to get a home equity loan, a personal loan is a great fit to use towards upgrading your house. For example, redoing your bathroom to get the most up-to-date appliances can be covered by a personal loan. Renovations can get expensive so a personal loan can help you get your dream home repair done now.   

Auto Repair

Have you been holding off on getting some new tires because you don’t have the excess cash? A personal loan can help you cover the cost of the repair without emptying your pockets. You can, also, use it for emergency repairs that were out of your control like an accident. You can’t plan for these situations but you can still be covered with a loan, especially if you do not have emergency savings.   

Getting Hitched

Love may be in the air this summer but having your dream wedding is not cheap. Between the catering, flowers, and location, it may not seem possible. Instead of cutting down your guest list, use a personal loan for some of the big expenses you need time to pay off. Make sure to pay off some of the smaller expenses so you don’t put yourself into too much debt.  

Medical Procedures

Whether the medical procedure is planned or a surprise, a personal loan can help you breathe a little easier. Since personal loans can be put into action so quickly, they are a great way to cover expenses in a pinch.    

Moving Costs

The cost of moving can range from $1,000 to the multiple thousands based on how far you are traveling. If you are moving to another state or country, costs can skyrocket. A personal loan can cover traveling expenses, transporting your belongings, or getting new furniture for a fresh start so you don’t have to dip into your savings. Moving can be stressful but you can take the money stress out of the equation by getting a personal loan.  

Expanding Family

Are you excited to bring a baby girl or boy into the world? A personal loan this summer can help cover the cost of doctor visits, prenatal classes, and your hospital stay. This way you can focus on the special moments of your pregnancy and not the financial side.  

Debt Consolidation For A Lower Rate

The most common reason to take out a personal loan is debt consolidation. If you have multiple high-interest loans or credit cards, you can combine all of your debt under one umbrella to get a handle on your monthly payments. With your debt being organized into one loan, you can set up a time frame to pay off your debt.

Sometimes a personal loan is just that, personal. Here at Velocity Community Credit Union, we want to support all your needs. Apply online at VelocityCommunity.org or call (561) 264-8250 to get started today. No matter what your plans are, with a personal loan this summer, you can take advantage of all that South Florida has to offer!  

Source: Investopedia