travel money

How to Save Money when Traveling

When you are traveling, it would be best not to waste a lot of your money, especially when you are on a tight budget. Traveling itself is already quite expensive as it is. You would have to spend money on transportation, accommodation, food, admission fees, and not to forget you will be spending money on trinkets, souvenirs, and other shopping expenditures. All in all, if you are traveling, you will spend quite a large amount of money. However, there are some things you can do to be able to save some money during your travels. Here are some ways how you can save money when you are traveling:

Tax rebate

changeOne of the ways you can save your funds is with a tax rebate. A tax rebate can also be referred to as a tax refund. It is the cash that customs have to repay to someone when they overpaid their tax. When you shop for specific things abroad, sometimes you are eligible for a tax rebate since you, as a non-citizen of the country you are visiting, are not obligated to pay their taxes. Some rebates of the tax happen automatically. However, most times, you need to apply for it by yourself. That is why sometimes you will need help from services to assist you in demanding your tax rebate.

Use points or miles

Another way you can save your money when you are traveling is by using points or miles for your flights. Airlines usually have loyalty programs that offer you points and miles that you can use to trade for discounts on your flights. Therefore, you should definitely apply for membership or for their loyalty program to lessen your burden on plane tickets. They usually partner with credit cards, too, so you can trade your credit card points with mileage. Other than that, they also partner with vendors and companies so you can use your points and mileage in exchange for price reductions when you buy their products or services.

Look for discounts and freebies

discountTo save money, look for things that are on sale if you want to buy things. Try haggling with street vendors so that you can get a really good price. When visiting museums or other attractions, you should take note of the day of their cheapest admission fee, and visit when it is the most affordable. You should also look out for tourism cards. Sometimes, they offer discounts for admissions and other things. There are also lots of free things that are available in a lot of countries when it comes to tourism-related things. Take advantage of free tours, free concerts, free admission, and other free activities.…

Read More

How to Finance Your Next Vacation With Ease

Most people in the world are counting down days to the next vacation. According to a study, most of them between the ages of eighteen and thirty-five are planning to have a huge vacation in the next five years. When one is planning to have such a big vacation in future, you should start financing it earlier to avoid missing out the vacation goal. Start by thinking of a saving strategy to cover all the upcoming vacation cost. Do proper research on hotels and accommodation, fight costs and other expense.

Look for a credit card

credit cardsPaying your vacation using the credit card is the most credible thing you can do. It is convenient especially while you are making travel arrangements. You can easily book the hotel and flight online since the credit card is less fussy than paying with cash. It is the safest method you can use while on vacation.

This is because most people tend to lose funds while on vacation but you should always remember that credit card even if it gets lost, you can access your funds after replacing it. It is important to note that when you have the credit card, you are entitled to score important travel protection depending on the type of credit card. Some credit cards provide travel accident insurance, lost luggage reimbursement, travel emergency assistance services and many more.

Think of personal loans

Always work directly with your lender to obtain a personal loan for your next vacation. This will ease your vacation financially. Personal loan for any vacation is not secured and one should never worry about collateral or other securities. This is because the lender relies on income and creditworthiness for loan qualification.

There are many online lenders one can use. With them, you can apply the vacation loan which will cover all the cost and the rates range from 2.49% to 36.00%. But always remember this depend on the vacation loan length and your creditworthiness. Payment term ranges from one year to seven years.

Start weekly contribution

Start by setting up a separate running weekly contribution for your next vacation. Try your best to deposit some cash every week instead of every month. Try to make it a habit and be much disciplined. You can write a check to yourself every week, or you can be transferring the funds on a weekly basis. Never miss out the opportunity of building the weekly savings account and make a habit of making your calendar every week, to avoid miss outs.

Make use of budget and savings apps

Most people have hard times in keeping track on savings goals. This will ease your cash flow and manage your budget well. You will also save for the next vacation without worries since this will alert you to your spending habits.

These are just but a few tips you should always consider while financing your next vacation, but you should consider selling something for your travel funds, scaling back leisurely expenses for some months, and preparing your own food instead of heading to the restaurants.…

Read More