Traveling is an exciting part of enjoying life. Unfortunately, it can also prove disastrous financially – especially if you don’t plan ahead. Here are a few budget-friendly travel tips that won’t push your credit over the edge.
Figure Out a Fun Budget Ahead of Time
One of the best ways to ensure your vacation won’t break the bank – or destroy your credit – is to budget your finances carefully ahead of time. Budgeting wisely can help you with all aspects of your financial life – fun included. A great way to plan your budget is to use what is known as the 50/30/20 rule, which stipulates that 50-percent of your post-tax budget goes towards paying for the necessities, 30-percent goes towards things you want, and 20-percent goes towards either your savings or paying down existing debt. This plan allows you to save an impressive 30-percent of your income for exciting, fun things such as travel!
Get the Cheapest Deals on Flights
If you plan to travel far, you’ll need to book flights. To save money, always try to book with budget airlines, as they typically offer the best deals. Also, make sure to check some of the flight-tracker sites which offer up to the minute deals on the best prices. Newsletters, such as Scott’s Cheap Flights, provide insights as to when airlines hold sales or lower their rates, and are another great resource.
Use Public Transportation
When people travel to exotic locations, often they don’t speak the local language. This language barrier, along with the fear of getting lost in a new city usually leads to an aversion to taking public transportation. In reality, however, public transportation in most big cities is excellent and easy to navigate – even for novices. Before you travel, always take the time to research the local public transportation offerings, including printing out a map, downloading any local apps to your phone, or even getting a travel guide. Traveling with public transportation lets you experience more of the local flavor – and you may also find some out-of-the-way gems you never knew existed!
Don’t Waste All Your Money on Food
Part of the excitement of traveling is easing exciting new foods. Unfortunately, this is also one of the fastest ways to burn through your budget. Instead of continually dining out in trendy bistros and cafes, why not check out the local markets for budget meals that are big on taste? You can even get a better understanding of the local culture and try the delicious foods that the locals eat!
We Can Help You Get Out of Credit Card Debt
Debt consolidation is an excellent way to get out of credit card debt and free up funds for travel. Imagine not having to make multiple card payments every month, only making one payment and saving the rest for fun things. We can help – and do all the tough work for you! Chat live with one of our debt experts about how to get rid of credit card debt. There’s no time like the present.