Traveling is never cheap. But most people have no clue they can cut their expenses or even receive some money back for regular things they do abroad.
How to Save Money During Your Trips and Travels
Tickets, hotels, restaurants and other small and big purchases can cost you less cash than you plan to spend. To let this happen you should follow a few simple tips.
Here is a golden rule for everyone who wants to save on trips. You should stay away from downtown no matter where you are. Gazing around or sightseeing is fine. But whenever you are looking for a hotel or a place to have a meal in these areas are much more expensive than districts located far from a cultural center. Indeed, you can get the same service but pay less cash for it.
Take Advantage of Credit Cards
This is where you are going to face the biggest disappointment. In fact, regular credit cards might charge huge fees whenever you use them abroad. It is recommended to get a special travel card with lowest (or zero) charges and a good exchange rate.
Most of big and trusted banks offer special credit card rewards for travel, which might count up to 50% of occasional expenses.
Plus, you do not lose money on exchange rates and can easily control your spending which is always a bonus. ATM transactions are rarely charged and if they are, these fees are too low.
Such cards are not for everyone. Only people with brilliant credit history can use this exclusive offer. This is the way banks ‘grant’ their best clients. If you had no loan delinquency, you can apply for one and easily get it within 3 days.
Glean From Experience
Find as much information as you can about the destination. Do not forget to adopt the best practices of professional travelers. These people know everything about saving on trips.
There are special forums and portals where people share personal hacks, leave feedback, and testimonials on each place they have visited. There you can compare the prices, check out service quality, etc. Even if the route has already been set, it is never too late to revise a document.
Use Mobile apps
Download applications or anything else you might need. A transport schedule will help you save on taxi costs if you do not plan to rent a car.
The main goal here is to assimilate in a new surrounding. Live the life of locals. They never visit places for tourists, considering a retail margin. Using the World Wide Web it’s easy to find out which apps are popular in the area of our destination.
Pay Attention to Currency Exchanges
The best you can do for your cash is avoiding currency exchange. They are located on almost any street and the rates and fees are that high for an immediate benefit to the vendor. Here again you realize the fact that the right credit cards are best options.
Are you ready to save money on your next trips and travels?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.