How long is your bucket list! You’ve worked hard during your career – now it’s time to tick off a few places on that list! And of course, you don’t have to wait till you retire! Smart financial planning along with smart spending will not only make your dollar stretch further but you won’t get that ‘ripped off’ feeling!
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Here are our top five tips for savvy spending and saving as you embark on your travel adventures.
- Smart financial planning
Firstly, plan ahead – not only for the trip ahead but that bucket list! Look at your financial situation to see what you have to work with. You may have more than you thought you had with some income streams or you may have to make it stretch further. This will help to determine the funds you have to travel with. Seeing your financial planner or accountant is a good thing when planning to max your retirement! Now for maximising that travel budget…
- Travel during off-peak times and seasons
Now that you don’t have to book your flights on the weekend to make sure you’re back in the office on a Monday means you can take advantage of cheaper flights during the week. Hint: flights that leave between Monday and Wednesday during the late morning or afternoon are generally cheaper.
This also goes for the time of year you choose to travel. We recommend travelling during the low/off season or shoulder season (the period between low and peak travel season) if you’re budget conscious. What’s great about the shoulder season is you can still enjoy good weather with uncrowded resorts while paying considerably less compared to the popular travel months.
- Take advantage of discounts you’re entitled to
Certain types of accommodation, cafes and restaurants, attractions (landmarks, galleries and museums), rental cars and public transport services offer discounted senior fares – so be sure to take up this offer. If you’re not sure, don’t be afraid to ask for seniors discounts. Also subscribe to airline and discount sites such as Scoopons and Groupon and take advantage of the deals.
- Saving on accommodation
Booking accommodation that’s just outside of the city hub or exploring shared house options on Airbnb is a great way to save heaps! Just keep in mind your proximity to public transport for ease in getting around. Another option is to opt for accommodation that has a kitchenette so you can cook a few of your own meals, ultimately saving you money and allowing you to explore local delicacies at shops and farmers’ markets.
- Travel and health insurance is a must
Unfortunately, health issues can come up and impact your trip. Make sure you’re covered through travel insurance and ensure that you tell them if you have pre-existing medical conditions – you don’t want your insurance to be void.
Many credit cards offer free travel insurance if you book using their cards – that’s a great saving as often the insurance companies charge more for seniors. Ask your bank, credit card provider or travel agent.
Happy travels! We’d love to hear your stories on our social media and especially if these tips have been useful.