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5 Ways to Save Money on Your Next Vacation

3/2/2023

 
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Traveling is one of my all-time favorite things to do. Seeing new places, meeting new people, and experiencing things I've never done before really excites me. If you also love to travel, you may have noticed how prices have increased on just about everything related to relaxing and enjoying yourself away from home.

Advanced planning is key to getting the deals you want and still feel like you've indulgenced yourself with a well-deserved vacation. Here are five money-saving travel tips to consider.

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1. Eat Local Cuisine

If you enjoy visiting culinary hotspots like Morocco, Mexico, and Thailand, you know that dining out can quickly become expensive. Explore local markets, food trucks, and street food vendors to experience delicious authentic cuisine at a fraction of the cost of restaurant dining.
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2. Find Travel Packages and Deals

Look for travel packages and deals that bundle flights, accommodations, attractions, and excursions. Online travel sites like Expedia and TripAdvisor offer discounted packages and promotions. Be sure to sign into your account for even better deals. Most of the time, when you book a travel package, you save more compared to booking the components separately.
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3. Ditch the Hotels

Instead of booking a one-room hotel, explore alternative accommodation options like an Airbnb or large guest house if you're traveling with a group. These options can be more cost effective. In more rural areas, consider staying at a camping site or a local bed and breakfast for a more authentic experience.
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4. Do a Destination Swap

Look for less expensive options to popular tourist spots. These destinations also tend to be less crowded. For example, instead of trekking to Outer Banks, North Carolina, consider Crystal Coast, North Carolina just 85 miles south. Both locations offer fishing, coastal tranquility, and diving. For an international swap, instead of the beautiful South of France, opt for just-as-quaint Newport, Rhode Island in New England, U.S. You'll enjoy sailing, seafood, and wine tasting without breaking the bank.
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5. Travel Off-Peak

To significantly reduce costs, plan to travel during off-peak seasons. Sought-after tourist destinations often have lower prices when demand is low, such as when schools are in session. You'll take advantage of lower prices on flights, accommodations, and activities.

Remember to plan ahead and book in advance, compare prices across multiple travel sites, and be as flexible as your schedule allows to find travel dates with the best deals. Use these tips to help you plan and enjoy a memorable vacation without straining your budget.

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    Kathy T. Evans

    Certified Personal Finance Instructor and Consultant

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