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Save Money While Traveling

Now that summer is in full swing, many Americans are packing the car (or plane) up to take a summer vacation. Whether you’re going down the road or across the ocean, it is important to prepare and consider ways to save money before and during the trip in order to have the best experience possible. Here are several tips to help you save money for your travels!

Before you go

- Save money on dining expenses by cutting down on lavish meals and settle for cost efficient options to save money that you can spend on your trip.

- Plan the dates of your trip strategically. Flight prices tend to decrease during the weekdays as opposed to the weekend, so take advantage of this if you can.

- Look on websites for flight deals! You can subscribe to emails to stay up to date on the latest sales.

- Compare the prices of flights that are one way versus flights that include lay overs. Sometimes a small layover can be the difference between spending or saving a few hundred dollars.

- Use Facebook to do research on upcoming events as well as deals from restaurants or shops. You can also find reviews and pricing information on Facebook.

- Research museums and attractions with no admission fee. This is a great way to save money while learning about the history and culture of the area you are exploring. If museums do charge an admission fee, ask if there is a children, student, or senior discount available.

While you’re there

- Use public transportation. While it is tempting to just order an Uber rather than try to navigate the subway, you get to not only save money, but have a closer look at local life when using public transportation.

- Don’t wait until you’re hungry to decide where to eat. Doing research prior to mealtime can lead to saving money and avoiding hanger.

- Carry water and snacks with you. Buying snacks when you’re out and about can eventually cost a lot. Bringing your own food and water can help you spend money for other things. Using a refillable water bottle is also a great way to save money and help the environment.

- Don’t eat at restaurants that are close to all the tourist attractions. They generally charge higher prices compared to restaurants a few blocks down.

- Don’t buy a souvenir as soon as you see it. It may be sold at a lower price at another shop. If it is not, you can always go back and buy it.

- Rather than paying charges for international calls, use apps such as Skype to avoid international costs while still being in touch with loved ones.

With summer travels, there are ways you can save money while getting the most out of your trip. Bon Voyage!

Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through GWM Advisors, a registered investment advisor. GWM Advisors and Southern Point Investment Partners are separate entities from LPL Financial

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