Save on Your Next Travel Adventure with 5 Money-Saving Tips
Summer is winding down and while that usually conjures up images of back-to-school shopping, there are still plenty of opportunities to take that last-minute summer trip or start thinking about that fall getaway. But you don’t have to rely on your credit card and take on unnecessary debt to have an enjoyable trip! Consider these 5 money-saving tips as you start planning your next travel adventure.
Start saving now
- Create a special savings account or open a short-term high yield savings account or certificate to get a better interest rate.
- Set up automatic transfers from your primary account to your vacation/trip fund or have a set percentage of your paycheck sent to your account, allowing the funds to grow automatically.
Book early and plan ahead
- Once you have your destination picked out, start shopping around for flights and hotels, to get a better deal.
- Consider driving instead of flying or staying at an AirBnB or VRBO instead of a hotel. Each method of transportation and accommodation has its own pros and cons, so do your research and decide what works best for you.
Travel during off-peak times
- Consider traveling during the middle of the week to save on accommodations and attractions and to avoid larger crowds.
- Most families don’t travel in August with kids going back to school, so if you don’t have any school-aged children in your home consider this time frame for your next adventure.
Bring your food to go
- If your accommodation allows, bring or buy groceries to help with the expenses and consider eating breakfast at your rental or packing lunch to eat when you’re out exploring.
- Research local food options instead of the tourist attractions if you choose to eat out.
Take advantage of free activities
- Research free or low-cost activities at your destination. Many cities offer free walking tours, museums with free entry days, and public parks or beaches.
- Look for city tourism cards that offer discounts or free entry to multiple attractions and include public transportation.
Look for more tips on maintaining your financial wellness with our Financial Resource Center and blog.
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