Ask the Entrepreneurs: 8 Ways to Save Money During Business Travel

Ask the Entrepreneurs: 8 Ways to Save Money During Business Travel

Ask The Entrepreneurs is a regular series where members of the Young Entrepreneur Council are asked a single question that aims to help Lifehack readers level up their own lives, whether in a area of management, communication, business or life in general.

Here’s the question posed in this edition of Ask The Entrepreneurs:

What’s your best money-saving tip for business travel?

1. Use Startup Stay

Christopher Pruijsen

    Use a platform like Startup Stay to connect to the local startup ecosystem and save some cash — it’s like couchsurfing for entrepreneurs. Who knows? The connections you make might result in some unexpected opportunities.

    Christopher Pruijsen, FounderBus



    2. Stay an Extra Day


    Kelly Azevedo

      Instead of rushing in and out of an event, consider staying for an extra night or two. This lets you take advantage of peak flight rates and better hotel rates when you’re staying for several nights. It also enables you to have time to catch up with new contacts, local leads or colleagues.

      Kelly Azevedo, She’s Got Systems



      3. Don’t Do It

      Jim Belosic

        There are other ways to connect with people, like Skype and Google+ Hangouts. Travel is expensive and can be tiring. Also, meetings and events don’t always turn out to be as productive as you think they will be.

        Jim Belosic, ShortStack/Pancake Labs




        4. Decide Early

        Aaron Schwartz

          In our early days, I used to wait until the last possible minute to book a trip — I was never sure if the business would “need” me to be onsite, so I deferred the decision. Plan your trips for the year and decide early on which events you can extract the most value from. Then, commit by booking your airfare and hotel at lower rates.

          Aaron Schwartz, Modify Watches


          5. Stack Trips Together

          Thursday-Bram 2

            If you know that you’re going to need to take multiple trips in the next couple months, see how many of them you can block together. Last month, I was away from home for two weeks straight — but I don’t need to take another trip until May. It’s exhausting, but it saves money in the long run.

            Thursday Bram, Hyper Modern Consulting




            6. Don’t Pay Cash to Travel

            Anthony Saladino

              Leverage the purchasing power of your business by charging all your company’s expenses on credit cards with aggressive reward points programs. Purchase everything from materials to office supplies to vendor payments and marketing services on your credit card to rack up points. When it’s time to travel, simply trade points for airfare and hotel rooms.

              Anthony Saladino, Kitchen Cabinet Kings


              7. Find a Flat-Rate Airport Car Service

              Benji Rabhan

                Find a flat-rate airport car service that will get you where you need. Almost every city has one. Not only will you save money, but you will most likely be in a more luxurious car with a more professional experience.


                Benji Rabhan, MorrisCore



                8. Find a Credit Card Without Foreign Transaction Fees

                Matt Wilson

                  If you travel a lot, cards like American Express Platinum are well worth the $500/year fee. If your foreign transaction fees add up to more than 3 percent, this type of card is well worth it. Add in all the mileage rewards, bonuses for signing up and other assorted travel insurances and perks, and you end up saving big in the long run.

                  Matt Wilson, Under30Media


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                  Published on July 4, 2018

                  Top 10 Recommendations on Money Management Apps

                  Top 10 Recommendations on Money Management Apps

                  Don’t want to overspend your budget, swipe your credit card too many times, and feel like a financial mess? Instead of beating yourself up for the bad financial decisions you’ve ever made, create a new plan!

                  The solution is simple, save more and spend less. But, we all know it’s easier said than done.

                  One problem is finding quality apps that save you time and money, and aren’t just hype.

                  Luckily, there’re many great money management apps available at your fingertips. Here are 10 reliable money management apps that can help you save money, and crush debt.

                  1. Personal Capital

                    When was the last time you’ve tracked your net worth? Probably months ago or maybe never. Personal Capital allows you to easily track your net worth and plan for retirement.

                    Here are some of its main features:

                    • Sync many investment accounts, and expenses (mortgage, credit cards, etc.) in one place
                    • Discover hidden fees and how much they’re affecting your retirement plan
                    • Wealth management for investors requiring a long-term strategy

                    With Personal you’re free to track your expenses and net worth.

                    Available for: iOS and Android

                    2. Mint

                      If your smartphone could only install a few apps, Mint would be one of them. Why? Because Mint tracks all your balances and bills in one place.

                      Here are some of its main features:


                      • Effortlessly track all your bills and balances in one dashboard
                      • Categorized expenses to understand where you spend your money
                      • Uncover hidden fees, and determine your investment style with sophisticated retirement tools.

                      Feel at ease with managing your money by a reputable company that isn’t going anywhere.

                      Available for: iOS and Android

                      3. YNAB

                        Everyone needs a budget, there’s no way around it. YNAB (You Need A Budget) is an easy to use app that will change the way you think about money. Their motto is to “give every dollar a job”, and you’ll quickly discover why.

                        Here are some of its main features:

                        • Easily sync all bank accounts in one place
                        • Visually see your debt paying progress with eye-catching charts and notifications
                        • Customized categories setting saving goals

                        The best part about YNAB is the community that comes along with it. You can hop on the YNAB forum to receive support, listen to the YNAB Podcast or stay tuned for their weekly videos.

                        Available for: iOS and Android

                        4. Wealthfront

                          Albert Einstein once said “compound interest is the eight wonder in the world”, and for a very good reason. The problem is, most people are scared or unwilling to learn the basics of investing. This is why Wealthfront is the perfect solution for the hands-off investors.

                          Here are some of its main features:

                          • Variety of investment account options including IRA, Roth IRA, and more
                          • Your portfolio composed of 7 different asset classes
                          • Automatically rebalanced portfolio
                          • Daily tax loss harvesting

                          Wealthfront is perfect for people requiring investment guidance, or prefer a hands-off solution.

                          Available for: iOS and Android


                          5. Clarity Money

                            If you’re staying on top of your budget but want to take your finances to the next level, Clarity Money can help you. Clarity Money helps you stay under budget and build a personalized savings plan.

                            Here are some of its main features:

                            • Easily cancel subscriptions with one click
                            • Synchronize bank accounts fast
                            • Transfer money effortlessly between different accounts

                            Clarity Money isn’t an app that does it all. But, it does make transferring money and canceling subscriptions fast and efficient.

                            Available for: iOS and Android

                            6. Acorns

                              What if there was a way to quickly gain confidence in investing your money, without too much risk? There is, and Acorns is your solution. With Acorns’s technology, you’re able to make investments as small as $5.

                              Here are some of its main features:

                              • Automatic contribution option
                              • Customized portfolio tailored to your needs
                              • Low management fees ranging from $1-$2 per month

                              Stop wasting dollars on expensive coffee. Instead, invest them towards a brighter financial future.

                              Available for: iOS and Android

                              7. Albert

                                Do you budget by only subtracting your expenses from your income? If so, how would you discover any overpayments or extra money you could save? This is where Albert shines, and it does it all free.


                                Here are some of its main features:

                                • Receive notifications for overpayments, hidden fees, and low balances
                                • An Automatic budget that’s built around your spending and income
                                • Easily track debt and set new financial goals

                                While Albert does offer a paid option, most of its core features are FREE. So, what better option to save?

                                Available for: iOS

                                8. Prism

                                  Have you recently forgot to pay a bill because life got in the way? Prism automatically tracks your bills and syncs your bank accounts in one place.

                                  Here are some of its main features:

                                  • View all your account balances in one glance
                                  • Bill due dates are automatically pulled and tracked
                                  • Receive early reminders for upcoming bills

                                  If your budget is on “fleek” but can’t seem to stay on top of your bills, Prism is your go-to app.

                                  Available for: iOS, Android, Windows, Amazon

                                  9. Mvelopes

                                    Remember hearing about people using envelopes to budget their money? Well, Mvelopes is the new envelope system for this generation. Easily create monthly budgets and track your saving goals.

                                    Here are some of its main features:

                                    • Connect unlimited bank accounts
                                    • Real-time budgeting with auto transaction syncing
                                    • Low monthly $4 fee or $40 annual

                                    Mvelopes can help you crush debt, save more, and help you stop overspending. With its low monthly fee, it’s worth a try.


                                    Available for: iOS and Android

                                    10. Wallaby

                                      Most people don’t have time to track their credit card’s changing rewards and interest rates. Because of this, you need help reaping the most of your credit card’s rewards. Wallaby is the app that will help you do just that.

                                      Here are some of its main features:

                                      • Automatic recommendations for the best credit card to use for each transaction
                                      • A friendly user interface, displaying credit cards with their corresponding images
                                      • Free to use

                                      If you’re using the same credit card to make your purchases, you may be leaving money on the table. Give Wallaby a try if you’re ready to maximize your credit card’s rewards.

                                      Available for: iOS and Android

                                      Take control of your finances and experience financial freedom

                                      Picture yourself staying on budget and saving more money than you’d ever imagined.

                                      It took hard work and dedication but you’d finally learned how to manage your money. You have to start taking control of your spending and saving habits.

                                      You now have a list of reliable apps that can help you build better money habits, what are you waiting for?

                                      Featured photo credit: Pexels via

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