Advertising
Advertising

20 Hotel Hacks To Save You Money On Your Next Trip

20 Hotel Hacks To Save You Money On Your Next Trip

You might plan your vacation based on your destination or schedule, or perhaps around the activities you plan to pursue once you arrive. But no matter what inspires your vacation choices, your hotel can make or break your trip. The trick is to find a clean, comfortable room with the amenities you consider most important for a price that won’t put a dent in your plans. These hotel hacks can ensure that the hotel that you choose for your next trip will be easy on your pocketbook. If you’re a frequent traveler, check out this huge list of amazing travel hacks!

1. Book Your Room and Flight Together

Travel-related services like Expedia or Travelocity often feature incredible discounts when you book your flight and hotel room together. However, there are a few catches: One is that you have to pay for everything in advance. Another catch is that cancellations or changes can be an expensive prospect. While this may hamper your travel flexibility a bit, if you already have firm dates in mind, this might be the hack for you.

2. Join AAA (Even if You Don’t Own a Car and Never Drive)

Many hotels—both within the United States and abroad—offer significant discounts for AAA members. If you travel frequently for pleasure or for business, or even if you take one big trip each year, your savings could more than pay for the price of a membership. Also, if you plan to drive abroad, AAA is one of two organizations within the United States authorized to issue International Driving Permits, which not only make it easier to rent a car abroad, but can sub for your passport if you’re asked for ID while visiting another country.

3. Make the Most of Your Elite Status

Holding elite status for one or more hotel loyalty programs can qualify you for perks like early check-in, late check-out, free breakfast and free room upgrades. You’ll also find that if you hold elite status, the management and staff are often more receptive to your special requests, such as waiving those ridiculous charges for the hotel mini-bar.

4. Negotiate Long-Term Rates

If you’re planning a trip of at least seven days, inquire about discounted rates for extended stays. You may be able to book an extended stay rate online, but you’re more likely to receive discounts by contacting the hotel directly. You may have to pay in advance, but many hotels will allow you make weekly payments on your balance.

Advertising

5. Take Advantage of Credit Card Sign-Up Bonuses

Unless you churn credit cards on a regular basis, you may be unaware of the perks that often go along with obtaining a new credit card, such as free companion airfare or deep discounts on hotel rooms. You’ll need decent credit to take advantage of this hack, along with sufficient lead time to receive your card and register for your bonus(es).

6. Get Status Matched Across Hotel Loyalty Programs

If you have elite status with one hotel loyalty program, reach out to other programs to request matched status. More often than not, you’ll receive a positive response. You don’t necessarily have to spend a fortune to achieve elite status – many hotels belong to chains or groups, and staying a certain number of nights in a mid-range chain is often enough to allow you to gain elite status across the entire chain.

7. Book Your Room During the Off-Season

If you have your heart set on visiting Europe during the peak season, brace yourself to pay sky-high airfares and hotel rates that may keep you awake at night. But if you’re willing to plan your trip during the off-season, you can save big bucks. If you book a beach or outdoor vacation during the shoulder season—the period immediately before or after the peak season—you’ll still save while enjoying most of the benefits of good weather.

8. Book Directly Through the Hotel

By calling an individual hotel directly, you may receive “off the books” discounts or upgrades. One phone call can translate into savings that really add up. This is especially true if you book during the off-season, when many hotels have rooms standing empty.

9. Search Foreign Hotel Sites with Incognito Browser Settings

Try this experiment when booking a room outside the United States: Open a hotel’s website in your browser as usual. Then, open a second incognito or anonymous browser window and load the same hotel’s website for the country you plan to visit. You may find that the rates offered through the hotel’s foreign website are much cheaper than the rates offered on the domestic website, even allowing for foreign transaction fees.

Advertising

10. Offer to Write a Review

If you’re active on Trip Advisor or Yelp, mention this to the hotel manager, and offer to write a review of your stay. If you’re a travel blogger, offer to write a blog entry. Don’t bribe the hotel by promising a positive review; that’s dishonest and a reputable establishment will turn you down. Likewise, if you blog about the experience, making a full disclosure that you received a discount is expected.

11. Get Payback for Prior Subpar Experiences

No hot water in the shower during your last stay? The front desk failed to give you a wake-up call and you missed your return flight? Posting a polite but firm complaint directly to the hotel manager or to the hotel’s marketing department will often result in vouchers for discounted rates or free upgrades on a future stay.

12. Use Hotel Booking Aggregator Sites to Compare and Contrast Rates

Just like airfare aggregators that compare flight prices for different airlines, hotel booking aggregator sites like Trivago and Kayak allow you to compare prices for hotel rooms across many different sites. All you need is to know where you want to go along with a range of possible dates. You’ll save both time and money—a definite win-win!

13. Bring a Cooler, a Hot Pot, Plates and Utensils

Room service can add significantly to the cost of your hotel. Packing a cooler, a hot pot and disposable plates and utensils allows you to shop locally and save a ton of money by “cooking” in the room, even if you don’t have kitchen facilities. Most hotels are OK with guests bringing in their own food, but if you’re not sure, ask before you arrive.

14. Give the Hotel a Heads-Up About Special Occasions

Are you planning a destination wedding with a ceremony at the hotel? Is your entire extended family gathering for a reunion? Provide the hotel with a heads-up and you may receive a deeply discounted group rate or a free upgrade to the honeymoon suite.

Advertising

15. Ask for a Better Room

Sometimes the simplest way to receive a break on your hotel room is to come right out and ask for an upgrade. If you’re not bold enough to take the direct approach, a more subtle approach is to ask to see different rooms before you check in. You’ll spare yourself from being booked in a dingy room facing an alley that’s no cheaper than the nice room across the hall facing the skyline.

16. Skimp on Amenities, Not Location

When your budget is tight, you recognize that you have to give up something to stay within your hotel budget. But if you have to choose, skimp on amenities rather than location. A plain (but clean) room within steps of the beach or that provides easy access to downtown is a much better bargain than an upgraded room located an expensive cab ride away from everything you want to see and do.

17. Sidestep the Hotel Laundry Service

Many hotels offer the convenience of laundry service—at a hefty price. Save yourself big bucks by taking advantage of the laundry located within your room. Rinse out your pantyhose and other unmentionables in the bathroom sink, and then hang them across the shower rod to dry overnight. Just be sure to pack a travel size package of your favorite detergent.

18. Insist on Free Wi-Fi

If you’re traveling for business, Wi-Fi access is a must. Even if you never plan to check your work email, Wi-Fi access allows you to operate your smart phone without risking expensive data overages. Many hotels offer free Wi-Fi to all their guests; others restrict the perk to guests with elite status.

19. Stream Your Favorite Shows to the Big Screen TV from Your Computer

The cable service in many hotels leaves much to be desired. That said, many hotels offer really nice flat screen TVs. If the hotel has Wi-Fi service for individual rooms and the TV set features an HDMI port (which is likely), you can stream your favorite Netflix shows to the TV from your computer, tablet or smart phone via Google Chromecast.

Advertising

20. Book Refundable Rates and Check Back Often

Nonrefundable rates are often much cheaper than the “best available” or even discounted AAA or AARP rates. But don’t be fooled. Besides being nonrefundable, that low rate may actually turn out to be more expensive than the rate you could ultimately receive. Book the best available refundable rate for your room instead, and check back periodically for discounts or hotel promotions.

Rest Easy!

While some of the hacks listed above require fairly clever maneuvering, many require little or no effort. With a bit of pre-planning and flexibility, you may find yourself in a great room at a great price. You’ll have that much more money to spend on souvenirs.

Featured photo credit: Viktor Hanacek via picjumbo.com

More by this author

20 Hotel Hacks To Save You Money On Your Next Trip Everyone Should Know About These Money Saving Tips from Billionaires Top 10 Money Management Apps Every Personal Finance Enthusiast Must Use

Trending in Money

1 How to Set Financial Goals and Actually Meet Them 2 25 Killer Sites For Free Online Education 3 How to Develop a Millionaire Mindset in 6 Simple Steps 4 5 Books You Must Read if You Want to Be a Millionaire in Your 20’s 5 20 Better Money Habits to Help You Increase Your Savings

Read Next

Advertising
Advertising
Advertising

Last Updated on August 20, 2019

How to Set Financial Goals and Actually Meet Them

How to Set Financial Goals and Actually Meet Them

Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

5 Steps to Set Financial Goals

Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

1. Be Clear About the Objectives

Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

2. Keep Them Realistic

It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

3. Account for Inflation

Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

4. Short Term vs Long Term

Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

More on this later when we talk about how to achieve financial goals.

Advertising

5. To Each to His Own

The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

11 Ways to Achieve Your Financial Goals

Whenever we talk about chasing any financial goal, it is usually a 2 step process –

  • Ensuring healthy savings
  • Making smart investments

You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

Ensuring Healthy Savings

Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

This is the focal point from where you start your journey of achieving financial goals.

1. Track Expenses

The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

2. Pay Yourself First

Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

3. Make a Plan and Vow to Stick with It

Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

Advertising

Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

4. Rise Again Even If You Fall

Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

5. Make Savings a Habit and Not a Goal

In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

If you are travelling buff, try to travel during off season. Your outlay will be much less.

If you go out for shopping, always look out for coupons and see where can you get the best deal.

So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

Advertising

6. Talk About It

Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

7. Maintain a Journal

For some people, writing helps a great deal in making sure that they achieve what they plan.

So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

Making Smart Investments

Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

8. Consult a Financial Advisor

Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

9. Choose Your Investment Instrument Wisely

Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

Do you remember we talked about bifurcating financial goals in short term and long term?

It is here where that classification will help.

Advertising

So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

10. Compounding Is the Eighth Wonder

Einstein once remarked about compounding,

Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

Start investing early so that time is on your side to help you bear the fruits of compounding.

11. Measure, Measure, Measure

All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

The Bottom Line

This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

As you can see, all it requires is discipline. But guess that’s the most difficult part!

More About Personal Finance Management

Featured photo credit: rawpixel via unsplash.com

Read Next