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How to Experience the Best of NYC for Under $100

How to Experience the Best of NYC for Under $100

It’s no secret that New York City isn’t exactly one of the cheapest places to visit. If you’re heading to the Big Apple, you’ll have to pay for travel and accommodations, which can be costly themselves. Then, you’ll want to have some extra cash if you plan to take in any of the sites or do a little shopping while you’re there. When it’s all said and done, it can be pretty expensive!

However, there is some great news for those of you traveling to the city. Here’s why: it is absolutely possible to visit New York City on a budget and still have a great time. How is it possible, you ask? Well, I’m going to tell you! In this post, I’m sharing exactly how you can experience the best of New York City for under $100.

1. Transportation

One of the great things about New York City is that there are multiple modes of transportation you have access to. You can choose which one is right for you depending on where you’re going and how much you want to spend. If your destination isn’t far from your hotel accommodations, you can easily walk the city sidewalks to get there. Not only is this a great way to take in the sights and really experience the city, but it’s great exercise as well. And the best part? Walking is totally free!

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However, you will likely need to use public transportation at some point, especially if you’re traveling a farther distance. You have three options for public transportation: a taxi cab, the subway, or a bus. While those New York taxis may be iconic, they aren’t always the most cost effective way to get around the city. Instead, you will likely want to check out the subway or the bus.

One of the best ways to navigate the often confusing NYC metro system is by downloading the official MTA app on your phone. Here are the iOS and Android versions.

For riding the subway or bus, you can purchase a Metrocard to get where you need to go. A regular Metrocard charges you $2.50 per ride, which can add up if you’re anticipating using public transportation often. So, if you know you’ll be riding the bus or subway more than eight times during your stay, spring for the seven-day Metrocard pass, which is $30. While it may seem like a lot of that $100 budget, it’s actually the most affordable option in the end.

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2. Things to Do: Parks, Museums, & More

There are so many things to do in New York that it can be hard to fit it all into one trip. If the weather is great during your stay in New York, you might want to get some fresh air and soak up the sun at one of the popular parks in the area. Some of the free parks you can visit include Central Park, The High Line, and Prospect Park. All three are great locations to check out! If you’re in the city during the summertime, you could enjoy a concert at Central Park or even pay a visit to the zoo there, which would only cost $18.

If you’re just itching to get out on the water, the Loeb Boathouse in Central Park allows you to rent a boat for $15 per hour. However, if you’re looking for an absolutely free option, there are boathouses that provide free kayaking. Check out the Downtown Boathouse and Manhattan Community Boathouse, just to name a few, to find free kayaking. It’s a great way to get out on the water and get in a little exercise, too!

You can even head to Coney Island for a day of fun with Luna Park and the New York Aquarium in the area. At Luna Park, you can ride all the rides you want for four hours at just $32. While you’re there, you can even play games and grab a delicious snack. Over at the aquarium, you’ll find sea lions, penguins, and more with a $11.95 entrance fee.

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For beautiful scenery, head to the Brooklyn Botanic Garden, which actually offers free admission depending on the day and hours. All you have to do is check their website to see when they’re opening, based on the season, and check for the times they offer free admission. It’s a gorgeous place to visit, especially when the weather is nice out. If you can’t get in with free admission, you are suggested to pay $12 as a donation to the park.

If you’re in the mood for a more cultural experience, there are plenty of museums to visit in New York. Both the Metropolitan Museum of Art and the American Museum of Natural History have an entrance fee that is a suggested donation. Donate what you can to support the museums and enjoy seeing all the exhibits they have on display. Suggested donation for adults at the Met is $25, and it’s $22 at the American Museum of Natural History.

3. Where to Eat

Of course, New York City is home to some of the finest restaurants in town. While they’re great to dine at if you’re willing to splurge a little, you’ll likely have to make a reservation in advance to even get a table at these popular restaurants. If you’re looking to save, there are plenty of options around the city for affordable, yet delicious, food. You just have to look for it.

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There are a number of great pizza joints throughout the city, some of which will allow you to grab a “New York slice” for just $1. Who could resist that? If you’re a foodie and in the city on the weekend, you can head to Brooklyn’s Smorgasburg food fair. It takes place every Saturday and Sunday and is located in the East River State Park and the Brooklyn Bridge Park. They bill themselves as a “food flea market”, you’ll see why when you get there. The best part is you can find amazing food there for under $10.

If you’re looking to grab a drink at one of the local bars, keep your eyes peeled for ones that offer free drinks or discounts at happy hour. There are plenty around the city that will allow you to save the cash while enjoying a cool drink. One of the best resources for finding happy hours in NYC is NYHappyHours.com.

Featured photo credit: Pexels via pexels.com

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Dan Scalco

Director of Marketing

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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