Planning Summer Travel on a Budget
Presented by Marc Aarons
I hope this email finds you well today. I know many of my friends and family have found 2023 to be very busy and very costly, given inflation’s compounding effect over the last several years.
In fact, I’ve talked with a few people who hadn’t planned a summer vacation because of a lack of time or money–but who have now decided they, quite simply, need a break.
With those recent talks in mind, I thought I would reach out with some vacation budgeting tips in case you or someone you know is in a similar boat:
- Set a budget and stick to it. Determine how much you can afford to spend on your vacation, and make sure to include all expenses, from transportation to activities.
- Travel during the off-season. Off-season travel can save you a lot of money as hotel prices and airfare tend to be lower. If you’re willing to swim upstream this summer, you can find inspiration for your next off-season destination spot here.
- Use travel points and rewards. Make use of your credit card rewards, loyalty programs, and travel points to save money on flights, hotels, and activities. If you’re not currently earning travel rewards, check out Bankrate’s guidance on choosing a travel credit card.
- Look for complimentary meals. Eating out every meal can quickly add up, so when planning, look for hotels that include breakfast, afternoon hors d’oeuvres, or a complimentary happy hour. Some hotels also offer packages that include an on-site restaurant credit.
- Be flexible with dates. To maximize your savings, the Thrifty Traveler recommends letting flight prices determine your travel dates if you have the flexibility.
Remember, the goal is to create memories and have fun, not break the bank. Hopefully, these tips will help you do just that!
That said, I hope you and your family have a wonderful summer. Don’t hesitate to reach out if I can be of assistance. As always, I’m here to answer questions and share insights.
Marc Aarons may be reached at (714) 887-8000 or marc@ocmoneymanagers.com
www.ocmoneymanagers.com
This communication is from Money Managers, Inc. is a Securities and Exchange Commission registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results. Investments involve risk and are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.
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