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When To Book A Cheap Flight From US To Europe?

When To Book A Cheap Flight From US To Europe?

Experience has taught us that buying in advance can save us a lot of money. Buying the tickets for a music festival in advance, pre-ordering video games or booking a package holiday for that summer in January can actually mean getting a much better price. Encouraged by these facts, we often seek a chance to pay less. Buying a plane ticket on the day of the flight can cost you a little fortune. That is why we often tend to book our flights well in advance. Believe it or not, in some cases, that can cost us the same amount of money that we would pay on the day of the flight, if not even more. Booking a flight from the US to Asia, South America or Africa can cost you much more if you book it in advance. However, when flying from US to Europe, booking a flight in advance is always cheaper than buying a ticket on departure day.

Range of fluctuation

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    If you think that booking your flight a year in advance is the lowest price you can get, think again. According to some surveys, the average price for a flight from the US to Europe differs by $256 from the first day the company offers the ticket to the day of the departure. So, when is the best time to book your cheap flight? If you are planning to fly from the US to Europe, this is what you should know: the price of the ticket on the first day of the offer is, on average, cheaper than the price on the day of the flight. This basically means that you will get a better price if you book your flight 350 days before the departure.

    But… this price is far from the cheapest and booking your cheapest flight is all about timing.

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    When is the best time to book a cheap flight from the US to Europe?

    Due to the fact that every flight from the US to Europe will cost you less if booked in advance, you must be patient and wait for the best possible offer. That offer, according to certain surveys, will come 53 days before the departure. So if you booked the ticket on the first day it was offered, you would pay, on average, 15% more than the cheapest price. Let’s say that the airfare on the first day of offer is $1200. Every next day until the last week, this price will be lower than $1200. However, this doesn’t mean that the price of the ticket will decrease every next day. For example, 250 days before departure, the price will be less than $1100, 125 days before the day of the flight, the airfare will be more than $1100 but less than the first offer of $1200. 53 days before departure, the price is the cheapest and it will cost less than $1050. Every next offer will be higher from $1050 and on the last seven days, the airfare will increase each day. On departure day, the cost will be around $1300.

    Airfare discounts

    Another way to get cheaper airfares are discounts. Some of these discounts are provided by air companies through loyalty cards. The more you are using the services of one Airline Company, the bigger the discount. Usually, these discounts are earned by the miles you traveled with them. There are more perks that you can gain with loyalty cards than just discounts – no waiting in the lines, more room for your bag, better seats, and various other offers.

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    Travel like a pro

    guilina airport

      People usually think that traveling to far-off destinations is a trip that requires carrying too much baggage. You can save money by traveling like a pro however and bring only the necessary items. Find the perfect messenger bag which can carry your laptop, documents, personal items and other necessities. Dress in comfortable clothes, bring your headphones and enjoy your flight.

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      Book your flight on time, chose a company, get their loyalty card, and enjoy your flight. Whether you are on a business trip or on holiday, have fun with your smart buy.

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      Katarina Milovanovic

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      Published on September 17, 2018

      How Being Smart With Your Money Leads to Financial Success

      How Being Smart With Your Money Leads to Financial Success

      Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

      With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

      So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

      1. Avoid being “penny wise but pound foolish”

      It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

      You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

      So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

      2. When you want something big, wait

      Impulsivity can get you in trouble in most aspects of life. Finances are no different.

      It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

      We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

      A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

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      So, you get the itch.

      You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

      Here’s where you have to take a step back.

      Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

      Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

      It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

      The impulse faded. And you just saved yourself a ton of money.

      3. Live smaller than you can afford

      You finally get that big raise. And you want to celebrate – and why not?

      You’ve been looking forward to this forever. And after all, it was all due to your hard work.

      That’s fine, splurge a little. However, make it a one-time deal and be done.

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      Don’t get caught in the trap that just because you’re now making more money, you should spend more.

      Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

      The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

      But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

      4. Practice smart grocery shopping

      Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

      But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

      Create a grocery budget

      Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

      Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

      I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

      Make a list… and never deviate

      Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

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      You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

      These impulse decisions will lead to overspending, which will derail your grocery budget.

      Eat before going grocery shopping

      It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

      If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

      After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

      Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

      However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

      This makes it much easier to stick to your grocery plan.

      5. Cancel your gym membership

      Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

      The average gym membership costs around $60 per month. That’s $720 a year.

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      Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

      I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

      Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

      Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

      For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

      Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

      There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

      It’s baby steps… And baby steps can start now!

      I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

      Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

      The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

      Featured photo credit: Unsplash via unsplash.com

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