Throwing money away??? Who hasn’t done that! Do you remember the last time that you threw money away? If you are like most people, I bet you didn’t feel to good, did you? -specially when it comes to travel. Whether you travel for work or even on your vacations, again if you are like most people, it seems that money is going out of your pocket every time you turn around.
No worries though, help is on the way! Here are four expenses you can and should avoid paying on your next trip.
Paying to use your own money is often an infuriating consequence of traveling abroad, but it doesn’t have to be. If you’re still paying fees for making foreign transactions, it’s time to switch banks—there are plenty that don’t charge you to use your card overseas.
The same is so with ATM machines. You should be wise about when and where you take out money. The best option is to visit your bank before you travel, when you can switch your currency virtually free of charge. However if you have to get money out of your bank while traveling oversees, you should do it in as few transactions as possible. Withdrawing one large sum will save you from paying multiple fees on withdrawals.
One common mistake people make when booking flights and lodging is thinking the task is done once they complete their purchase. Many airlines allow you to cancel your purchase for no charge within 24 hours, which means you can re-book your flight if the price drops during that period. This could potentially save you a lot of money. An even better solution that extends potential savings on airfare past seven days is a program that has Rate Shrinker technology. “Rate Shrinker” is by far the best savings vehicle that is out there when traveling by air. Hotel prices can also drop after you book them, but it’s harder to keep your eye on those fluctuations. The solution? Again with Rate Shrinker technology you will get a refund automatically if the difference in the price you paid drops below what you paid. Earning money back for doing absolutely nothing isn’t a bad way to start a trip.
Over-packing is a common problem, but in an age of increasing airline baggage fees, it’s more than just inconvenient—it’s costly. Traveling without checking a bag is relatively easy if you maximize your carry-on and personal item capabilities.
File rewards programs under “always do”—whether it’s for airlines or lodging. Even if you don’t think you’ll be a returning customer, you’ve got nothing to lose. Tallying up enough of those points can happen faster than you think, and some programs offer inside deals or freebies just for signing up.
The same goes for rewards memberships you might have and are not asking about. AAA member? Student? Active military? Senior? Always ask what discounts companies offer.
So those are the four tips to stop throwing money away on your travels.