#PERSONAL BUDGETING TECHNIQUES FREE#

According to Bankrate, high-yield savings accounts are paying up to 5% APY, so you can put your money to work while enjoying the safety of a federally insured account. Rates are the highest in years, thanks to the Federal Reserve's rate-hiking campaign (sorry, borrowers). Use a high-yield savings account for your vacation fundĪ great way to grow your summer travel budget is to park your cash in a high-yield savings account. Research deals on discount sites like or Expedia to book a vacation package instead of making separate reservations for flights, hotels, and cars.Ĥ. Rely on public transportation instead of renting a car.

#PERSONAL BUDGETING TECHNIQUES FREE#

Visit free tourist attractions instead of expensive tourist traps.

Pack light and save on baggage fees instead of bringing more than you need. Stay outside the city center instead of in the central business district.īook lodging with a kitchen and cook some of your meals instead of always going out.Ĭheck airfares at different airports instead of only those closest to your home and destination. Stay with friends or family instead of a hotel or vacation home. You can reduce your trip costs by choosing cheaper alternatives. Similarly, if you have your heart set on a European vacation, focus your trip on cheaper countries like Croatia, Poland, and the Czech Republic (aka Czechia) to save money or stretch your budget further. For example, Paris is notoriously expensive, so consider visiting another part of France, such as Marseille or Bordeaux. Traveling to a different city or region is another great way to save money (and avoid the summer crowds). You might score a cheaper rate just by staying an extra night (ask if any discounts are available if you don't see one advertised). When booking lodging for your trip, take advantage of any discounts or special rates for extended stays. A good place to research your options is Google Flights, where you can search a price graph or date grid to find the cheapest days to travel. For international flights, travelers save an average of 10% by traveling on Wednesday instead of over the weekend. a Sunday or Monday save an average of 15% on domestic flights.

But if that's not an option, traveling on a different day can at least save you money on airfare.įor example, an Expedia report found that travelers who fly on a Wednesday vs. Traveling during the shoulder season makes the most significant financial difference. According to a WalletHub survey, three in five Americans say inflation is affecting their summer travel plans-and more than half (55%) plan on spending less money this summer than a year ago.įlexibility with your travel plans can save you big money on airfare, lodging, car rentals, tourist attractions, and more. Of course, while inflation is showing signs of easing, it's still making everything more expensive worldwide-further straining many travelers' budgets. While travelers should be ready for long lines and flight delays, they should also be prepared for off-the-chart prices, especially for international travel. With Covid-era travel restrictions easing around the world (and gone in many places), there's plenty of pent-up demand to visit friends and family and take trips shelved earlier in the pandemic. The summer travel season is here, and it will be a busy three months. Here are seven budget travel tips for making your summer trip more affordable, including how you can boost your travel fund just by moving your money into a new savings account. A few travel hacks can help you save money on your summer adventure-especially if your plans are flexible.

Personal budgeting techniques