9 Travel Budget Tips | KEYS by GM Financial

9 Travel Budget Tips | KEYS by GM Financial


Welcome back to KEYS by GM Financial I’m Marian and each week on keys we’re bringing you personal financial tips to
help you unlock your financial future. nothing dims that post getaway glow
quite like realizing you’ve overspent and capsized your vacation budget when
you don’t have the right financial tools and strategies even trying to plan a
cheap vacation can get expensive past don’t sweat it put some aloe vera on
that sunburn shake the sand out of your shorts and use these 9 travel budget
tips to help you plan affordable vacations and stay on track before
during and after. 1. Do your homework a little bit of research can
save a lot of money read up on your destination to get a feel for what you
can expect to spend on food drinks shopping and entertainment if you’re
traveling abroad make sure you understand the exchange rate and what
fees if any your credit card companies may charge for currency conversion. 2. Look for deals online coupons and discounts sites are great ways to find hidden treasures in your vacation spot and save money in the process
browse online to see where you can find coupons for tours shopping food and more. 3. Build a loose budget once you’ve done your research and collected
some coupons you’ll have a better idea of what you can expect to spend each day
draft a vacation budget but leave some room for spontaneous detours in impulse
buys 4. Be a team budgeting is easier when everyone is on the same page talk to your travel squad about your vacation budget that way when
everyone indulges in a fancy lunch or shopping spree no one is upset when
dinner is a little more low-key number 5. Focus on experiences research shows that experiences make us happier than things while on vacation
opt for experiences like tours classes and activities the memories and
happiness they create will last much longer than a $19 snow globe 6. track your spending write down every dollar you spend don’t make it about
guilt but just jot it down and don’t look at it too much this log will help
you identify patterns and get back on track when you return 7. assess your budget as soon as you get back look at your bank statement and spending
journal to understand where your money went don’t be too hard on yourself if
you overspend getting a clear picture now will help you make a plan to get
back on track faster 8. Make a plan if you racked up expenses on vacation you may be tempted to ignore that bill
or pay it off a little at a time don’t make a plan that restricts spending in
other areas and commit to getting current and staying current on your
bills 9. Know for next time even if your last trip was a budgeting
nightmare swearing off vacations forever isn’t realistic keep in mind the lessons
you learned this time around from affordable vacation activities to
spending patterns and let them inform your planning for the next getaway
discover more ways to get over the post vacation slump and avoid a money
management hangover on the link below check back next time for more keys and
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unlock your financial future

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