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7 Easy Ways To Save Money On Holiday Season Travel

7 Easy Ways To Save Money On Holiday Season Travel

You’ve picked out the gifts. You’ve decorated the house. You’ve selected a tree. Now, you have to figure out how to pay for those pricey visits to friends and family this holiday season. With gas prices sky-high and flights that aren’t much better, it’s difficult to find ways to travel on a budget no matter how much traveling broadens your horizons. However, by implementing the seven tips below, you can definitely save hundreds of dollars during the upcoming holiday months and even enjoy yourself in the process.

Stay With Family

It seems like a simple way to save money, but sometimes staying with family is more complicated than it seems. First, you don’t want to infringe on anyone’s privacy and secondly, there might be other relatives vying for the same space. To avoid the confusion and any awkward moments, be sure to talk to your family members way ahead of time to see how long they would be comfortable with you staying. Offer to make them a nice meal or take them out to dinner. Trust me, they will greatly appreciate the gesture and you will still save a significant amount of money since a meal out costs much less than 5 nights in a hotel room.

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Do Research On Airline Fees

If you are traveling by plane, be sure to do your research ahead of time. It seems that many airlines change their policies on how much free luggage you are allowed at the drop of a hat. These fees can sometimes be so high, you could have upgraded to first class for less! Avoiding these fees often means less luggage, which means you might have to ship gifts ahead of time. This tip will also help you to keep stress levels down in the airport since won’t be getting any unexpected financial “surprises.”

Bum A Ride

Taking a taxi to the airport or leaving your car parked there for a few days are both expensive ventures. Instead, ask a friend to drop you off and pick you up at the airport. You can always return the favor to them the next time they take their family to the beach or go on a business trip. It’s an easy way to save a few hundred dollars. Plus, you know your car is safely at home and won’t get bumped in the tight airport parking lot!

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Research Alternative Methods of Travel

Depending on where you live, it can be much less expensive and much more fun to travel by train. Your kids will love it, and you can enjoy the scenery as you go. Of course, this won’t work for everyone but it’s always worth it to research it and find out. If you’re a stickler for time management when you travel and making the most of the journey, this might actually work out the best for you. You’ll have built in quality time with your family and won’t waste precious hours waiting in long security lines at the airport.

Plan Your Meals

When most of us travel, we should expect the inevitable delays. Weather problems, technical difficulties on planes, and traffic jams are all common occurrences during the holiday months. So, keeping that in mind, it would be best to always pack a snack like popcorn or pretzels to keep with you at all times. This way, you won’t be tempted to run to the nearest fast food restaurant or convenience store to spend money needlessly, which keeps your wallet and your body healthy all at the same time.

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Be Flexible

Many of the best holiday travel deals come when you are flexible with your schedule. This may include taking red eye flights or having long layovers. This also might include staying in a two or three star hotel instead of a four or five star one, especially if you are just staying one night. Many people find that traveling on the actual holiday, like Christmas Day, gives them much cheaper tickets than flying the day before or after. So, definitely keep your schedule open, and you’ll reap the rewards. A good free tool to use to search prices is Google’s matrix airfare search (Note: You can’t buy tickets using this tool but it will find the prices and availability and give you the codes that booking agents need to buy the ticket for you)

Use Social Media

Many people think that the only way to get a good deal on hotels or travel is to plan ahead and use travel websites for the best rates. This works well most of the time, but remember that the holidays are often plagued with extra expenses. Be sure to tweet your hotel or Facebook them ahead of time to let them know you are excited about coming. You never know when they’ll comp you a free breakfast or upgrade your room for being involved and spreading the word about their company.

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I know that many other people also have great tips on saving big bucks on holiday travel, so please leave all of your best suggestions in the comment section below.

Featured photo credit:  Pretty young woman hitchhiking along a road via Shutterstock

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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

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