5 tips to travel without affecting your personal finances
July 15, 2018
Most likely, traveling was one of the purposes you established for this year, but did you go anywhere? If the answer is no, surely you would have liked to have done it and, if you left, you may have spent more than you had planned. If you are very clear that you want to travel this year, read these 5 aspects that you should consider to take care of your finances in your trips.
The Federal Consumer Attorney’s Office (Profeco) recommends planning the holidays in advance and having a budget. Some suggest that you plan your outings at least two months in advance. If you have a saving for this purpose and you take the time to organize your budget, there does not have to be any problem for your finances.
Sure now you think, I’ve run out of travel. Well do not worry. Planning takes time, but keep in mind that it will allow you to make conscious decisions, take advantage of offers in a timely manner and avoid any type of indebtedness.
You should prepare for the next days off or, if you can, organize your trips on days when not everyone is on vacation. Despite the offers that may be, traveling in the low season is always cheaper.
Now, planning is about being specific in what we want, and therefore you must define the place you will visit or have some options in mind. You must think what means of transport you will use to arrive, the duration of the trip, with whom you will go and what activities you wish to do. In short, from this you will determine the expenses that you will include in your budget.
2. Make a budget
Having a budget is essential to know how much money to spend and not overspend. Then, calculate everything that can generate an expense on your vacation. That’s right, from the moment you put a foot out of your house and until you return.
What are some possible expenses? The taxi to go to the terminal or the gasoline if you go by car, the bottle of water, the cookies, the sandwich for the road or the pillow for the neck, among others. And this is just to get to your destination. Add local transportation, lodging, meals, tickets to museums or other sites, souvenirs and expenses for unexpected events.
Depending on your destination, assess the cost-benefit ratio, depending on the type of transport required to arrive.
- Bus. This means is cheap, comfortable in some cases, and must provide insurance against accidents or if they lose your luggage and guarantees in case of delays or cancellation.
- Private car You have to consider the cost of gasoline and booths, for this you can consult an approximate amount on the page Trace your route of the Ministry of Communications and Transportation. In addition, it contemplates the cost of mechanical revision and maintenance of your car. On the other hand, you can rent a car that covers maintenance costs and accident insurance.
- Airplane. Traveling by air is a simple and fastest way. However, you should consider waiting time to get out, to have your bag delivered and to move from the airport to wherever you go. You should consider that the demand and the price of air tickets fluctuate more than for other means of transport in high season.
The price of the plane ticket, especially to leave Mexico City for international destinations, has increased due to the increase in taxes, such as the airport use fee (TUA).
We recommend that you read 9 tips to get a cheap flight , where you will find pages and applications that will help you.
It should be noted that some luxury bus services or on the plane offer refreshments or accessories to make you feel more comfortable during the journey to your destination. If you travel by road, make these purchases in the supermarket beforehand to avoid unnecessary expenses.
The cost of local transportation in your destination is variable. Ask at the hotel where you stay, if they offer transfer services, it will be a good investment to hire them and avoid wasting time looking for other options. You can also take advantage of mobile transport applications that have set rates or that allow you to share a car.
When choosing the place of lodging, consider which one suits your needs. Will you be out all day and only get to sleep and take a bath? Choose a cheaper option. Do you want to rest or enjoy the pool? Find a hotel that is more comfortable and with better services, as long as it is within your means of payment.
Before making a reservation, ask about the services and free products they offer. Avoid loading things in your suitcase that the hotel will provide you.
Try to have breakfast at the hotel, it may be included in the payment of your room. Food and dinner can be contemplated in places you visit, but always ask for the letter with the prices to see if it is within your budget. Sometimes, we fall into despair and take the first option without considering the cost and then we can regret it.
Departures and reminders
Tourist attractions or experiences have different costs, so consider how much money you are going to spend on this item and if you do not have enough, look for other alternatives that can be just as entertaining.
As for the souvenirs, how many times do we want to wear a shirt, a key chain or a bracelet; that are unnecessary? Set a limit of money to spend on souvenirs, that does not affect your pocket and choose to whom you will take these gifts.
Something that few consider is that, any unforeseen event can happen during the trip. For example, if for some reason, you do not arrive in time to the terminal to take the bus or the plane back, you must contemplate the cost of an extra ticket. Another example, if you go in your car and it breaks down, you should call the tow truck. Therefore, consider having an emergency fund so that your finances and your trip are not affected.
In short, we do not know what accidents or situations may happen, but we must be cautious. Salvador Tamayo, consultant in personal finance, suggests having saved from 10% to 20% of the trip budget to face any unforeseen event.
3. Consider all-inclusive packages
After making your detailed budget, consider if you should pay an all-inclusive package, which can save you money and time if it includes transfers, so you can make better use of your vacation.
For example, a complete option that includes the hotel and plane to Playa Del Carmen:
Magic Express Hotel + Flight
Includes: 4 star hotel. Central location Continental breakfast. Round flight. Mexico City – Cancun. Cost of $ 3,596, average per person. (Price with discount Easter, Best Day).
According to a Best Day quote, Interjet’s cheapest round trip costs $ 2,260, the Magic Express hotel would cost you $ 1,336. In contrast, only the round ticket per person in Aeromexico costs $ 3,556, almost the same as the luxury hotel and the plane flight. The hotel plus plane package can be a great deal, if you plan your vacation now.
4. Use your credit card
Each card gives you different benefits. If you have a card that gives points to travel on any airline you can exchange them and you can even get it for free.
Another good way to take advantage of the benefits of credit cards, are the months without interest. However, you must verify that everything is within your budget. In addition, it is advisable that you liquidate your debt before you make another trip, so that you enjoy your next exit without remorse.
5. Never use the savings other than to travel
If you do not have a specific savings fund to travel, it is best that you refrain from using the savings from your retirement or education. These resources, in general, are difficult to replace.
So far, we can say that these are essential aspects for planning your trip, hence the importance of carrying it out with time. But the most important thing is that when it comes to being on your vacation, you stick to your budget, otherwise you will throw away all your effort.