Sunday, July 5, 2009

Money & Business

Alpha Consumer by Kimberly Palmer

6 Ways to Save Money on Vacation

May 28, 2008 02:09 PM ET | Kimberly Palmer | Permanent Link | Print

Even though I knew my vacation to Belize last week wouldn't be cheap, I tried to keep it from getting out of hand with money-saving travel techniques I've developed by trial and error. (Spending a dinner's worth of money on ATM fees isn't the kind of thing you easily forget.) Here are my top six frugal tips that won't interfere with any vacation fun:

• Rent. If you're going somewhere for more than a couple of days, look into renting an apartment instead of staying at a hotel. (Websites for specific destinations can be easily found through Internet searches.) When you have a kitchen, you can make breakfast and sometimes lunch and dinner on your own, which easily adds up to over $40 a day.

• Buy your own beer. If you like a daily beer or cocktail on vacation, finding a local liquor store and mixing your own drinks can save up to $10 a person each day.

• Use comparison websites. Travel sites such as Tripadvisor.com help vacationers find good deals and avoid wasting money on poor-quality hotels and resorts. Users leave helpful descriptions about their experiences along with photos.

• Stick with plastic. By charging as much as possible to credit cards (and paying them off when you get the bill), you can avoid hefty international ATM fees, as well as the risk of losing a wad of cash. Credit card statements also make it easy to review all the charges once you get home so you know where your money went.

• Bring snacks. By keeping a few granola bars and a refillable water bottle in my backpack, I avoid shelling out money on pricey food at the airport or at kiosks surrounding tourist destinations. (Added benefit: keeping blood sugar high enough to enjoy the sites.)

• Ask for deals. Hotels often run specials, especially during off-season. Ask if breakfast or dinner can be included in your room rate. (Asking this question by E-mail when we made one of our bookings for last week got us free dinners and breakfasts for four days.)

I'd love to hear everyone else's savvy traveling ideas; please share them below. And check out other bloggers' tips here, here, and here.

Tags: personal finance | vacations

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Reader Comments

Using plastic overseas

Before making the choice to use credit cards abroad, call your credit card company and ask what their currency conversion rate is. Most cards have one, and it will add to your vacation costs, sometimes substantially. We have found it cheaper to use an ATM when traveling for a few days or more outside the USA . Talk to your bank before you go and have them raise your daily limit as high as possible. That is usually $500USD. My husband and I also each carry a card with that limit so that we can take out a substantial amount at one time if need be.

Hotels

I've found that by searching the discount travel websites, like Priceline for example, which offers excellent rates and lists more area hotels than you could ever imagine existed - when you find a hotel that fits your needs, try going directly to that desired hotel's website. You may find even better deals. I did that for a recent stay in NYC - the discount travel website offered the hotel room in NYC for $175++ and the hotel's website offered it for $165 inclusive of taxes, etc. And as everyone probably knows most hotels offer/accept Auto Association Clubs, like AAA, discounts. So, take advantage of that discount too, if and when possible.

Very timely for the Summer vacation. I have a post last month on 13 Things I do to save on vacation.

http://the-q-family.blogspot.com/2008/05/13-things-i-do-to-save-on-vacation.html

Enjoy,

Amy @ The Q Family

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Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Share with her your own money issues by sending questions to alphaconsumer@usnews.com.

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