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I Wish I Knew This Cheaper Plane Ticket Trick Earlier

I Wish I Knew This Cheaper Plane Ticket Trick Earlier
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Scoring the best airfare prices goes well beyond booking nearly a year in advance. If you use a “fake location” to buy your ticket, you could potentially get a much lower price. In Erica Ho’s article “Use A “Fake” Location to Get Cheaper Plane Tickets,” she let’s us in on this impressive airfare reduction strategy!

Use Point-of-Sale For Your Advantage

As it turns out, the same ticket that costs maybe $300 if you buy it from New York, costs $30 dollars if you buy it in Bangkok. Same ticket, but the only difference is the location you are purchasing it from or, a fancy way to say it, its “point-of-sale.” Ho managed to pay only $371 for a flight from New York to Colombia that was originally costing her more than $500.

Using the Trick for a Flight from Cartagena to Bogotá (Domestic Flight In Colombia)

Using travel search engines like Kayak, Skyscanner and Google ITA, Ho compared the prices of flights from large airlines LAN Airlines and Avianca. All travel search engines take a US-centric approach and displayed the cheapest LAN flight as $116 and the cheapest Avianca flight as $137. This is when Ho changed her point-of-sale.

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How to use Google ITA’s “Matrix Airfare Search” to change the point-of-sale:

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    Changing Point-of-Sale on Google ITS (image courtesy of maphappy.org)

    In this case, changing the point-of-sale can only be done using Google ITA. Ho changed her point-of-sale from New York City to Colombia, because she wanted her airfare to be in Colombian pesos, but you can change your point-of-sale to any place in the world (depending on whether you can get a cheaper rate from there).
    Remember, the departure and arrival location is fixed regardless of what your point-of-sale is.

    Here’s the price after changing the sale city to one in Colombia:

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    posgoogleitacop-mh
      Colombian Peso price (image courtesy maphappy.org)

      Now the cheapest flight from LAN is 173,820 COP ($91.96) and the cheapest flight from Avianca is 116,280 COP ($61.59). Just by changing the point-of-sale, you can save $74.41 on the Avianca flight and $22.04 on the LAN flight.

      How to buy the tickets on the airline’s website:

      posaviancachange-mh
        Where To Change Your Point-of-Sale on the Avianca Site (image courtesy maphappy.org)

        This price comparison proves that you can potentially buy a cheaper ticket from Colombia than you can from the US. But you can’t buy this cheaper ticket directly from a travel search engine like Google ITA. You’re going to have to buy it from the airline’s website.

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        One of the ways to change your point-of-sale on the airline website is to change your site location to Colombia but keep the site language English. Sometimes the website changes the language automatically, so you’ll probably have to either improve language comprehension or load Google Translate. You can also use a VPN approach – by changing your IP address to trick the website into believing you are purchasing from a computer within the country.

        posaviancaairfare-mh
          Avianca website prices in Colombian pesso (image courtesy of maphappy.org)

          You may not get the exact price you saw on Google ITA, but Ho assures that she almost always saves some money when she changes the point-of-sale. To save a maximum amount of money, it’s important that you use a credit card that doesn’t charge foreign currency conversion fees when purchasing your ticket.

          Even if you use a credit card that does charge currency conversion fees, though, the standard foreign transaction fee usually sums up to be around 3% surcharge, which in this case would only cost an extra $2.16. Not a bad price to pay for the overall savings!

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          Tips & Things to Keep In Mind:

          1. The best point-of-sales are the country the airline is based in and the country of destination (especially in the case of international flights).

          2. Sometimes airline websites may revert prices back to those of your original point-of-sale when you use your credit card. This differs from website to website.

          3. Sometimes airline tickets purchased from your home country also charge you the required visa and entry/exit fees, which may not be included in the ticket you purchase as a “resident.”

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          4. There are some airlines that charge the same for local and foreign residents, so be on the lookout for those!

          Using this trick, you can save as little as $7 to more than $100! It doesn’t hurt to try changing your point-of-sale next time you’re buying airline tickets. And with that $7 saved, you could go ahead and buy an extra snack at your destination.

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          Last Updated on July 20, 2021

          Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

          Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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          Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

          Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

          Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

          In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

          Break Free of Your Finances

          Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

          When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

          Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

          Though it seems hard to believe, it is really very simple to get financial freedom.

          To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

          While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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          Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

          1. Stop Unnecessary Spending

          We often spend money inwardly, instead of objectively.

          For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

          To stop this habitual spending, log down all your spending over the course of a month.

          Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

          This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

          2. Plan a Monthly Budget

          This is a great opportunity to get serious.

          Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

          Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

          3. Cut-up Credit Cards

          Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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          If not, you may want to consider ridding your life of the burden that credit cards bring.

          Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

          Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

          4. Increase Savings

          There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

          It’s good practice to save up to 15% of your income.

          Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

          Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

          5. Invest Wisely

          Consider investing in funds.

          Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

          To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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          Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

          6. Invest in Gold

          There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

          You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

          Another way to invest in gold is through ETFs (Exchange Traded Funds).

          These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

          With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

          7. Stash Emergency Funds

          Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

          If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

          Make it hard to get your cash.

          Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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          8. Find Fabulous Mentors

          Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

          If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

          There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

          9. Be Extra Patient

          Patience is the key of financial success.

          Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

          So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

          Financial Freedom for All

          Anyone can achieve financial freedom, regardless of their financial circumstance.

          Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

          Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

          Featured photo credit: rawpixel via unsplash.com

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          Reference

          [1] Hartford Gold Group: IRA Retirement Accounts

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