Avoid Overspending While Traveling With These Tips
Published: May 19, 2014 | Updated: July 30, 2020 | Posted by: Moneymax | Lifestyle
When traveling, one must expect to spend a lot of money. Even if a budget is set, there are still many little things travelers are tempted to splurge on, including pasalubong, lavish dinners, and outdoor activities.
Don’t let this be the case this season. Travel and stick to your budget to avoid debt and other financial problems. Here are some ways to avoid overspending during your travels.
If you’re booking a flight, whether for local or domestic, make sure that you book ahead of time. Most ticket prices can go really high, especially if the booking date is only a few weeks before the travel date. If you have a credit card, take advantage of air miles because you might possibly get a free ticket to your choice destination. Also, it’s always wise to sign up for loyalty programs to know about the latest deals and discounts of your preferred airline.
Wherever you’re going, always research on modes of transportation. Of course, commuting or taking public rides is definitely the cheapest way to go around, but renting a car or a van may also be a good idea, especially if you’re with a large group. Compare the cost of commuting and renting a vehicle to know which is more practical.
Most travelers make the mistake of spending a lot of money on accommodation. While choosing the best place to stay is really a no-brainer, five-, six-, or even seven-star hotels are not your only options.
Unless you’re planning to stay in your room during the entire vacation, you can shell out a lot of money for luxury comfort. However, if you have a packed itinerary and you’ll be spending most of your time outdoors, it’s not wise to break the bank for a room.
When looking for accommodations, search for boutique hotels or inns which offer luxury comfort at cheaper prices. Most boutique hotels offer similar services and amenities with a personal touch, making your stay cozier.
Another option is to look for rooms through Airbnb or Roomorama, which both work like hotels’ websites. Unlike hotels, you can negotiate the room price since most of the units listed under these websites are privately-owned.
3. Food and Drinks
Aside from exploring cultures and visiting tourist attractions during your trip, relish the flavors of local cuisine by going to food centers or hawker centers. Most of these places offer cheap meals at great prices so it’s a win-win situation.
One foolproof way to find great places to eat is to ask the locals. But before your trip, make sure that you research on local restaurants and famous places where you can dine. This will help you manage your meal plans and food budget. If you’re a credit cardholder, check the promos of your credit issuer to learn if you can possibly avail of dining promos.
Visit online coupon sites or group buying sites where you can purchase group travel promos with accommodations, airport transfers, and tours. Some group buying sites in the Philippines are:
- Deal Grocer
The most important things that you need to do when traveling are planning ahead of time, creating a budget and itinerary, bringing your credit card or ATM card, and getting insurance. Give yourself some head room because just like temptations, you’ll never know what’s coming.
With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. For more finance-related news and articles, follow Moneymax on Linkedin.