Money Sense Tips

Traveling for the holidays can be expensive, as many people travel and transportation providers like to raise the prices in anticipation. You can get great deals on Thanksgiving travel, however, if you are prepared to do the research and plan a couple of months in advance. Do not snap up the first tickets you find, rather shop around and compare prices. You may find that by comparing prices you will spend less.

Planning in advance is your best bet for scoring cheap travel tickets for airlines and trains alike. As the flights fill up, ticket prices rise, all but guaranteeing that you will be paying more for your tickets as the holiday draws closer. It is always a good idea to plan your holiday travels in advance, months in advance if possible.

Try to take time off of work so you can fly on non-peak days and save even more money. Many people will fly the day before Thanksgiving and return home the following Sunday. If you can be a bit flexible with your dates, it may be a good idea to fly out on Tuesday and return home on Monday instead.

If you are driving to your destination, be sure to map out the lowest gas prices along your way. Gasbuddy.com is a great website that lists nearly all of the gas stations in an area and the price of the gas per gallon. This will help you to determine where the lowest gas prices are and it will help to cut your traveling costs.

On road trips, you will also need to eat. Take advantage of coupons to lessen the costs of your meals. Another option is to pack a picnic basket full of sandwiches or other similar items to snack on while driving.

If you find that you cannot afford a hotel, you might be able to exchange homes with someone for the duration of your vacation. Homeexchange.com requires a membership, but also guarantees that you will be able to swap homes with another member in the first year, otherwise your second year is free.

Home Exchange lists houses in a variety of countries. The way it works is that you pick a country, find a listing that you are interested in, and contact the member. It is that simple. It is a good alternative to renting a costly hotel room so as long as you do not mind sharing your home. This option does come with some risks, however, so please do your research before getting involved.

Thanksgiving travel is coming up right around the corner. Start preparing your travel plans now so that you can keep your costs as low as possible. It does not matter if you are traveling by airplane, car or train; there are significant ways for you to save money if you know where to look.

Over the past few years most people have realized the dangers of using a credit card for purchases. In addition to identity theft, there’s the very real risk of spending too much and going into debt. However, when traveling, whether abroad or locally, using your credit card offers a number of benefits. These benefits range from safety to saving money.

Let’s take a look at five benefits of using your credit card when traveling.

#1 Rewards - Frequent flyer miles are the most significant reward you can receive when using your credit card for travel. You can really rack them up when you’re traveling and they’ll eventually end up in a free flight. Additionally, many credit cards offer rewards for using specific rental car companies and hotels. The rewards can add up to free merchandise or cash back.

#2 Security – While there is a risk of identity theft when using your credit card, most credit cards offer instant cancellation and you’re not responsible for purchases you haven’t made. When traveling this is a much more secure option than traveling with cash. If you lose cash or are pickpocketed or robbed, the cash is gone. If your credit card is stolen, you cancel it and it can be replaced within 24 hours.

#3 Budget - Believe it or not, using a credit card while you’re traveling can help you stick to a budget. When you use a credit card you have instant online access to your purchases and your balance. This means you can stay on top of what you’ve spent. Additionally, if you get a prepaid credit card, say with $2000 on it, then you can commit to only using that card and not going over your budget. Your vacation is already paid for because it’s a prepaid card and you can rest easy.

#4 Insurance – Many credit cards offer travel insurance. This can really help you out of a bind. And some of the concierge services offered by some credit cards can actually help you plan your vacation, make reservations and find package vacation deals.

#5 Finally, the currency conversion rates for many credit cards can help you get a fair exchange rate. It can help you actually save a bit of money. And you don’t have to worry about figuring out the exchange rate each time you make a purchase. The credit card company does it for you.

Traveling can be a harrowing experience or it can be a relaxing and enjoyable experience. A credit card can make all the difference. Before you head out on your next vacation, consider using a credit card to manage your trip.