Here's How To Save Money For Your Upcoming Trip.
The first step to saving money on a trip is being smart with your money – and that starts even before you hit the road! It is important to be aware of how much you are spending and planning ahead. Please see below for a few tips on how to save money on any trip, regardless of your income! I have compiled a ton of smart tips that can compound your savings and get you on the road faster.
How much have you spent so far this year? Get a sheet of paper, and write down all of your set expenses, including rent and mortgage, cell phone and internet, car and insurance expenses, utilities and cable bill, school and extracurricular expense, etc. Add them up.
The primary rule is to write down all of the main expenses you are responsible for. Include all of the monthly expenses: rent, mortgage interest, house payments, payment on cable/streaming, cell phone, insurance, and tuition. Now add all of the yearly expenses together.
Next, write down all your discretionary spending. This includes things you spend money on – bananas, coffee, cigarettes, your daily midday snack, and so forth – and extra spending on things like movie nights, eating out, and souvenirs. If you don’t know what you spend money on, go track your expenses over a two-week period, see what you spend, and come back.
That aggregation of numbers, crunching the numbers, equals … a large sum of money.
1. Buy A Travel Insurance Plan
Travel insurance plans cover medical expenses, lost luggage, trip cancellation, and emergency evacuation services. You should buy travel insurance before you go anywhere. If you don’t have any kind of travel insurance plan, then you may not be able to get reimbursed if something happens while you’re away.
2. Check Your Credit Card Balance
If you carry a credit card, check your balance before you leave. Make sure you know how much money you have left on your credit card. If you run out of money, you won’t be able to pay for anything else.
3. Get Cash Back On All Purchases
When you use cash back credit cards, you earn rewards points for everything you spend. These points can be redeemed for gift cards, airline miles, hotel stays, and even merchandise.
4. Use Hotel Coupons
Hotel coupons are great ways to save money on hotels. Many people don’t realize that they can get discounts just by using their phone. Look online for deals and print them off.
5. Shop Around For Airline Tickets
Airline tickets can be expensive. However, if you shop around, you might find cheaper airfare. Try searching for discount codes and promotions.
6. Consider Using Public Transportation
Public transportation can be a good way to save money. When you take public transportation, you can avoid paying for parking and gas.
7. Don’t Drink Alcohol Before Flying
Alcohol affects your body differently depending on whether you drink it before or after flying. Drinking alcohol before you fly makes you feel hungrier than usual. Plus, drinking alcohol causes dehydration. So, if you want to stay well-hydrated, try not to drink alcohol before you fly.
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