You may think you're saving, but you're not!
6 Ways Travel Savings Can Cost You More
by Kelsey Wymore
Comparing Last Minute Airfare Sites
5 Ways to Get the Best Value for Your Travel Dollar
You've budgeted and saved for your upcoming vacation and everything is coming together nicely as you prepare to purchase plane tickets, reserve a hotel room, and shop for some last-minute items like a new snorkel mask or hiking boots. Not so fast! That great discount you found may be setting you up to break your budget. How can this be the case? I'm going to give you six scenarios where you will pay more up front, but save even more once that final total is tallied.
- Choose your airline wisely. If you intend to check baggage, spending a little more for a ticket that includes checked baggage will help you avoid crazy fees. In 2014, the top 15 airlines made over $2.5 million on baggage fees, according to the Bureau of Transportation Statistics. Be aware that some airlines are specific about baggage fees depending on your departure location and final destination.
- If you are planning to travel for a specific activity like skiing or fishing, make sure you know what your prospective airline considers "sporting equipment," if they claim it's free to check. Sporting equipment can be very expensive to take if it doesn't fit into a certain criteria. It just takes a little investigation to save yourself a baggage fee and avoid renting equipment when you get to your destination.
- Layovers, additional stops, and late night arrivals aren't worth it. Yes, it's enticing to save some money up front, but it is actually very counterproductive to your budget. You may have saved a few bucks on your ticket, but stacking additional hours on your travel time will cost you when your stomach grumbles or you just need to eat something before restaurants close down for the wee hours of the night. According to USA Today research, 16 out of 21 of the busiest U.S. airports exceeded street pricing for bottled water, a latte, and a fast food meal. Of these 21 airports, six had costs that exceeded 10% above street pricing.
- Think carefully about hotel rooms and house rentals. You can find a condo or house rental for the same price as, or even less than, a hotel room if you take the time to look around (weekly rates for rentals are usually the best deal). According to VRBO, the average savings per night of staying at a rental home rather than a hotel is $130 in New York City, $30 in Miami Beach, and $91 in Whistler, BC. If you opt for a hotel room, you probably won't have a kitchen or other practical amenities. If you were going to rent a kayak, car, or bicycle anyway, why not choose the house that includes these? I have spent the same amount of money on a two-week vacation by doing this than I did on the one-week vacation in the same location.
- Consider your mode of transportation. Is your rental vehicle big enough to fit all the food and luggage and still have enough seatbelts? If you rent a car, don't get a compact car simply for the gas mileage. You may make more trips to get groceries if you can't pack it all in the first time, depending on how far you are from a decent grocery store. Be aware of road conditions and rental car needs. Please note that some roads may require high clearance or four-wheel drive to access sightseeing and even access your rental home or hotel. Make sure you buy enough food and water for your stay the first time around. If you run out of something after a few days, the local store may not have everything you need and will most likely be more expensive.
- Be creative in the planning process. If you want to kayak but can't find a place that rents them or includes them, buy an inflatable one and bring it with you (see #2). Have fun and do what you traveled somewhere to do. If you want to try diving, budget it in and book it. The last thing you want to do is go home not knowing what the shipwreck held just offshore of the beach you walked every morning. You don't want to ask yourself why you didn't take that zip line over the rain forest when you had the chance. You can do anything you set your budget to.
Take the Next Step:
- Is debt preventing you from traveling to your preferred destinations? The Dollar Stretcher can help you get to those places you'd rather go. Take a look at our FREE debt course today and start working your way out of debt and toward the vacation destinations of your dreams.
- Visit the TDS library for more on making smart vacation plans.
- Stretch your travel dollar with these ideas on our Frugal Travel Tips Pinterest board.
Share your thoughts about this article with the editor.
Prices keep rising while my income remains stagnant and I worry I am heading for debt trouble. Tell us: Yes, I think I am heading for debt trouble and could use some help! or No, I am not in debt trouble but I am always looking for new ways to help keep my budget on track!
More Money-Saving Lifestyle Tips
- 4 steps to a simpler (and more frugal) life
- 6 tips for a fabulously free vacation
- Secrets to living luxuriously for less
- Money-saving secrets of the rich and frugal
- 4 secrets to being a frugal foodie
- 9 ways to extend the life of clothing
- 5 ways volunteering can benefit you and your community
- 10 free ways to rediscover everyday joys
- This week's Readers' Tips