Tips for Traveling on a Budget

Saving to TravelOften, the popular answer is to travel when you ask someone what they wish they could do more. A common misconception is that you have to have a lot of money to travel, but traveling doesn’t have to break the bank. Use these tips to enjoy a budget friendly vacation anytime, anywhere.

  1. Plan, plan and more planning

The longer you wait, the more expensive everything gets. Not only do airplane tickets and hotel reservations rise but you miss out on early bird deals and specials for cruises and travel packages. Plan your travels well in advance to keep on budget.

  1. Travel off-peak

Another tip for sticking to your budget is to travel when most people aren’t. Sticking to off-peak travelling seriously cuts the cost. Peak times can vary based on your destination, but try to avoid holidays and spring and summer breaks. Plan your off-season trip today to save big!

  1. Use hotel alternatives

Hotels even the ones lacking luxury can seriously pack on hundreds of extra dollars to your trip. Try an alternative like hostels to save on cash.  You can even look into Airbnb.com which allows travelers to rent rooms and apartments from locals or couchsurfing.com where you can find a spare couch or bed to crash on for the night. If you simply must have a hotel, be sure to check out the cheap deals on Skyscanner.

  1. Embrace sack lunches

Dining out at fancy or beach side restaurants is always great, but also very costly adding $50 to $100 every night you eat out. To save money you can limit the eating out and stock up on groceries. Cooking your own meals especially breakfast is easier to do when travelling than you might think. How hard is to make up a couple sandwiches to toss in your bag as you head down to the beach?

  1. Ditch the souvenirs

T-shirts, shot glasses and other memorabilia add unnecessary costs to every trip no matter how fun they are. A really affordable souvenir to remember your trip and location can be found in your smart phone or camera. Just taking a picture will give you the same feeling of bringing your vacation home with you while allowing you to show your family and friends.

  1. Shop discounts

If you haven’t heard of Groupon now is a great time. Discount sites like LivingSocial and Groupon provide amazing deals ranging from tours to spas to product discounts. Make sure to browse these sites while planning your trip to see how you can save.

  1. Keep an eye out for freebies

Last but not least, see what’s free while you’re traveling. Free alternatives such as parks and shows allow you to enjoy the culture and scenery without the big price tag that come with the “must-see” attractions.

How To Make Money On Your Home

In the movie Money Pit, a young couple moves into a home they think is a cute fixer-upper, but come to find out the home is a complete money pit. Have you ever feared that would happen to you when you are looking to buy a home? Avoid buying a money pit with these 3 tips and purchase a home that will make some money. houses-691586_640

  1. Location. If you want your home to appreciate in value, take time to choose the right location, the right neighborhood. Be watchful of neighborhoods that have a lot of For Sale signs tattooing the street. If many people are looking to leave, this is not the neighborhood you want to move into.
  1. Size. The belief “bigger is better” is no longer the mindset of many potential homebuyers these days. Although home sizes are getting bigger, don’t be afraid to go against the society norms and purchase a smaller home. Why? Because with a smaller home will give you more room to build equity.
  1. Condition. Take the time to hire a certified home inspector to check out the home’s condition before you sign the paperwork. As you have the home inspected, some red flags to be aware of are:
  • Foundation problems and noticeable structural problems
  • Prior sinkholes
  • Termite or pest damage
  • Water damage

Although you can have the damages repaired, is it worth the costs in the long run? Certain repairs can get quite expensive so it’s better to keep looking for your dream home.

Read more about what to look for when buying a home that can make you a profit here.