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Financial Strategies and Budgeting for a vacation or trip
By Peter Davenport of PSD Investments
Most people mistakenly think that you need a lot of money to travel, or that vacations are simply too expensive and lavish. This is a good example of a wrongful assumption. Traveling ‘light’ so to speak, with limited cash, combined with a positive attitude and a deep personal commitment, persistence and resourcefulness is possible. Simply put, planning pays and travel budgets save money. Taking the extra time to review sources at your disposal prior to, during and after your trip encourages a hands-on, pro-active approach to traveling and vacationing in general. Most of us want to focus on having a good time and ensuring that a couple of the smaller details are taken care of. Taking advantage of saving opportunities and discounts, limited offers and utilizing tips and tricks from frequent travelers seem to be the keys to travel success. Lessons learned will serve us all well when taking our next trip, whether to the campgrounds, some exotic tropical paradise or both! There are various useful information and travel sources to assist you in this money-saving undertaking for traveling on a budget: 1. web-pages and online providers who specialize in hot deals for vacation package bargains,
2. travel websites brokerages and discount fare operators, airline carriers and websites with last minute fares and seat sales,
3. travel specialist portals like priceline.com where taking advantage of overnight flight flights, empty seats and multiple connections and other ways to save money while traveling the globe, is a mastered art of comparison-shopping and the budget travelers paradise so to speak.
4. Printed material, budget travel magazines (like Arthur Frommer's Budget Travel Magazine and Bestfares magazine, free with membership to Bestfares (www.bestfares.com) and books, other e-zines online, offering industry and insider travel tips, student and backpacking tips, and even specific destination guidebooks.
5. Other specific budget-travel, industry-related publications and resources like: "First-Time: Around the World," by Doug Lansky (published by "Rough Guides") or "The Travel Detective: How to Get the Best Service and the Best Deals from Airlines, Hotels, Cruise Ships, and Car Rental Agencies," by Peter Greenberg (Random House)or the ever-handy: "The Traveler's Handbook," published by Globe Pequot Press.
6. Various customized, targeted guidebooks like, "Let's Go," guidebooks by and for students, are ideal for backpacking and exploring Europe for example. "Lonely Planet," guidebooks to remote and or popular destinations of choice, with lots of valuable information for both upscale and budget travelers
7. Travel Word-of-mouth from regular travelers, colleagues, family and friends who travel frequently often share great insights. We cannot discount these value-adding insights.
8. Coupons and special vouchers, Family discounts and specials, online, limited-time internet-bargains
9. Condominium or developers, resort, time-share Promotions. Sales-pitch pop-up windows, Camping (sites and cabins, bring own linens and towels), tourist boards and information centers,
and many more... Setting up a quick quote or cost-analysis for your planned journey, a rough travel expense account or budgeting outline to get started, is always a good idea to give your dreams some wings. At the very least, you will have an idea and some kind of baseline and starting point. Initially though, forget all about expensive restaurants, business class flights and luxury car rentals and all you might have to sacrifice or cannot have on your budget, at least for now.
All you need to know, upfront, is that YOU CAN TRAVEL IN STYLE ON A BUDGET and keep the money where it should be – in your pocket and/or well spent to make your vacation dream come true, while still maximizing your vacationing and travel experience!
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