As summer hits its stride, the idea of financially preparing for the holidays might feel like overkill. Consider this: money is the most cited source of stress during the holidays, with 58% of US adults worrying about overspending or not having enough money.

Nearly half of Americans (45%) expect to shell out for flights and hotels this summer. Taking financial precautions before and during your travels will provide peace of mind and security. Notifying your financial institutions, purchasing travel insurance, and safeguarding documents are a few ways to protect yourself.

Here’s a sobering statistic: Americans over the age of 60 lose an estimated $23.8 billion annually to elder financial exploitation (EFE) according to the American Association of Retired Persons (AARP.) And if that’s not bad enough, 87.5% of these cases are perpetrated by someone the victim knows.