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5 financial tips before you travel

How do you make sure you are able to travel without going broke? Use my top 5 financial tips before you travel so that you can enjoy your next adventure.

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Travelling can become very expensive. But if you use these S5 financial tips before you travel, then you will help ease the burden on your wallet. Not to mention allow you to relax so you can enjoy your travel adventure.

5 financial tips before you travel

5 financial tips before you travel

Prepare a budget for your trip

There is nothing worse than getting 2 weeks into a 3 week long vacation and discovering that your card is declined. But if you prepare a travel budget before you jump on the plane, then you will easily have enough money to get you through your trip.

Some cots to consider including in your budget are; transportation (there and back as well as around the destination), food each day, shopping and souvenirs, and optional excursions like diving or hiring a car.

Once you have a budget, add on another 10% just in case for any unforeseen circumstances.

Tell your bank where you are going

I recently ran into this problem when I was travelling through Africa.

As I went to book my flights home my card was declined. I quickly realised that because I was in Kenya, my bank thought someone had stolen my card and wouldn’t accept the transaction. After a few expensive phone calls I managed to get it sorted and they unblocked my card.

Before you go, also make sure you compare bank accounts for the best deal on savings, credit card rates and transaction fees.

Get travel insurance

Worst case scenario is that you pay a little for travel insurance but you don’t end up using it. The worst case scenario is frightening…

Imaging getting pick-pocketed as you travel through a foreign country. If they manage to get your wallet with all your cards and money then you are going to be stranded. Luckily travel insurance can quickly help you when you are short on cash.

Which brings me onto my next point…

Have a back up plan

While this is not technically a financial tip, it could save you a lot of money once you are there. Before you go on your trip, split the money you are carrying with whoever you are travelling with. That way if one of you is robbed, then you still have some money left over.

If you are solo travelling then consider wearing a moneybelt, or hiding your money/cards in a secret compartment of your clothing. There are lots of options to keep it safe.

Don’t forget about the bills at home

Finally, if you return home and realise that you had forgotten to pay a bill then all of a sudden you are in big trouble. It might be that you forgot to pay off your credit card and now you have a huge amount of interest included.

This is going to take your years to pay off and not something you want to return to after relaxing on your holiday.

Tell me below, what are your 5 financial tips before you travel that you use?

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11 Comments

11 Comments

  1. Kristy of Family Visa

    August 16, 2013 at 1:46 AM

    One week before my flight I’d make sure that I check the currency rate of the country that I’ll be spending my holiday or vacation with to have an idea of how much money should I bring on my travel. I am not also fond of checking-in at hotels because it is expensive instead I sleep at motels.

    • Cole Burmester

      August 16, 2013 at 6:25 AM

      Hotels can be very expensive, but I always use a site like Hotels.com to make sure I can find the best deals. Often cheaper than a private room in a Hostel!

  2. Candice

    August 17, 2013 at 3:25 AM

    Great advice. My back up plan in the case that I get robbed while out and about, is to always have a credit card hidden in a compartment of my luggage separate from my day bag.

  3. Christoffer Moen

    August 19, 2013 at 3:54 PM

    These are really really great tips and I can’t agree more about the importance of getting travel insurance. It’s a safety net, don’t go without it. Like Candice, I also don’t keep all my cards in one place 🙂

  4. Pratibha

    August 23, 2013 at 4:06 AM

    It might help to pick countries with under-valued currencies. International travellers will find India around 20% cheaper now than 3 months ago with the rupee trading at a concerning low to the dollar.

  5. Jason Ryaan

    September 9, 2013 at 2:14 PM

    I always prefer to carry credit card rather than cash money during traveling. Preparing a budget plan is the most important factor that should be considered at the time of planning a trip.

  6. Marian

    September 12, 2013 at 2:27 PM

    Nice tips very helpful indeed. I think getting a travel insurance is very important.

  7. Jone Laxer

    October 7, 2013 at 5:14 PM

    Hi….Cole Burmester,

    These are great tips by you and i’m sure that by following these tips, anybody can save so much money on travel trip.

  8. Timothy W Pawiro

    December 29, 2013 at 1:22 AM

    Yesss … notifying the bank is important. I think some banks want us to tell them that we’re going to do ‘overseas withdrawal’. If not we will make ourselves confuse in front of the ATM 😀

  9. Escape Hunter

    March 28, 2014 at 2:55 PM

    Your last two tips stand out. Very important, vital, even.
    I always have backup plans… some bills can be paid online, thankfully I can solve that!
    As for bank cards – it’s good not to rely on them too heavily. Cash is king in most parts of the World…
    From experience, I can tell you that even 2 bank cards can prove unreliable in foreign countries… 3 are “must have” and plenty of cash as well.

  10. Shimla Walks

    August 27, 2014 at 8:08 PM

    Very good tips. recommendable. It happened to one of our clients. A few years ago he came to India and got robbed in Delhi. Lost his money, passport, ticket, wallet and cards. Luckily he had a friend with him who lent him some money so that he could go back.

    One has to be very careful while traveling. thanks a lot for the lovely post.

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Travel Tips

Cheap Flights:  When To Get The Best Deal

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Whether you fly once a year or are regularly jetting off on your holiday, you always want to be getting the best prices for your flights. If you’re looking at your next break and wondering when the best time to book flights is, then you may be in luck, as online travel agents Opodo have just released their annual findings. So not only can you find cheap flights, hotels and car hire with www.opodo.co.uk, you can also make a more informed decision as to when to click that ‘booking’ button. So if you’re hoping to get the best deals on the best holiday, check out the key times when buying your tickets will get you ultimate in cost-saving travel value.

Getting the timings right

It used to be that in order to get the best flight prices possible, you’d either book well in advance, or take advantage of those last minute deals that were all the rage. However, if you’re still using that strategy, you may be spending more money that you should be. According to the research findings by Opodo, the optimal time for getting the best deals is by buying your tickets six weeks in advance. There’s a six to seven week window, where flight prices are consistently lower than at any other time, so if you’re hoping to pay less for you travel, that’s the best time to aim for.

What if you miss that window?

It’s very easy to miss that six-week mark, but if that’s happened then don’t worry too much, as there are still options available to you that will still get you a better chance of getting those low-cost tickets. As well as the advanced booking, you can also take advantage of the slight dip that occurs in the two-week window before take-off. That window between 8 and 14 days before travel is definitely the best time to buy if you’ve missed the 6-7 week dip in prices, so don’t put it off in the hopes of grabbing those last minute deals in the week before. Those last-minute offerings are not the deal that they used to be.

Even your choice of day helps

You’re sat at the computer, and you’re ready to book your flights. You’re in the right week and you’re all set up for the best deal, but before you make your flight decisions, it might be worth checking what day of the week you’re on. That’s right, buying your tickets on a Monday is a big blunder, with cheaper prices for the same flight available if you buy on a different day. Depending on your flight type, you may find that booking your flights on a Sunday, Tuesday, or Wednesday will get you a much more satisfying price, and make it more likely that you’ll have a little extra spending money while on your travels.

With a little bit of knowledge and a minor amount of planning, you could find that the possible savings can be quite substantial. If you want to get the best prices for the cheapest prices, then check out the handy infographic, and make sure that you’re buying your tickets at the times when prices are proven to be the lowest.

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Travel Tips

The Perils Of “Cheap” Holidays (And What To Do Instead)

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When it comes to travelling the world, there is one potential downside that stymies even the most determined of travel plans: the cost. Travelling is undoubtedly a very expensive hobby, which means if your wanderlust is biting and you can’t wait to travel the world, the idea of a cheap holiday is incredibly inviting.

However, cheap holidays are rarely a good idea— in fact, they can be incredibly problematic, and can cause you untold stress. If you’re currently being tempted by a cheap and cheerful vacation, then there are a few things you might want to bear in mind…

The perils of “cheap”

Why is cheap so damaging? Well, it tends to mean that every aspect of the holiday has been chosen not for how beneficial it is to the customer, but to how cheaply it can be obtained for the provider.

This means that you could find yourself at a hotel with malfunctioning electronics, bed linens so uncomfortable you can barely sleep, and just a generally poor level of service.

Cheap flights could mean that you are a victim of overbooking, or that the flight will be landing a huge distance away from the city it claims to be landing at.

Finally, cheap deals — such as sightseeing tours — will often be cut short, poor value, and even fail to deliver on what you have been promised.

Taking all of the above into consideration, does that mean that trying to book anything related to a holiday means that you have to pay over the odds just to ensure your safety and security? Not quite…

There’s a difference between “cheap” and “low cost”

Low cost, on the other hand, means that the hotel or deal is being provided with the budget traveller in mind. Yes, the provider wants to keep the costs down, but that’s not the only factor in the decision making. While holidays with low costs providers and hotels won’t be a byword for luxury, they shouldn’t be unpleasant or outright dangerous.

So, the key question: how can you differentiate between “cheap” and “low cost”?

The signs of a “cheap” deal

Learning how to spot the difference between “cheap” and “low cost” is incredibly important.

Signs of a cheap hotel  

  • Very few reviews of the hotel on the website
  • Limited number of photos on the site— or worse yet, the only photos on the site appear to be stock images. You can use a reverse image search to see if this is the case for a hotel you’re considering.
  • Little to no social media presence
  • The website doesn’t use a secure protocol

Signs of cheap deals:

  • Vagueness when discussing travel arrangements or requirements; information is never clearly presented.
  • The deal keeps dropping in price, with often only a few days in between the price drops.
  • There is no set itinerary for what you should expect

Signs of cheap flights  

  • Cheap flights will usually be just that— cheap. They are otherwise indistinguishable any other flight.
  • If you spot a particularly cheap deal, you need to do your research. Don’t take the destination city as read. Let’s say, for example, that you’re planning on flying to Rome. This is the destination that the flight is going to, so you might be happy to make the booking. However, a little research will reveal that Rome has two airports; one of which is convenient, the other of which is nearly an hour from the city itself. You will likely find that a cheap flight provider will be flying to the distant airport, while low cost will be flying to the main airport.
  • So always check out the airport that the flight is travelling to, rather than just the city, if you want to be cautious of cheap flights.

So what are the other options?

You want to travel, but your budget is compromised. The only types of deals that you can find within your price range appear to be alarmingly “cheap”, and you’ve decided not to take the risk… but you still want to travel. What are your options? Here are a few suggestions you may want to consider…

Change your destination  

While travelling is often about exploring foreign lands and delighting in other cultures, you can have a wonderful time in your home country if you’re on a budget. Pick an area that you have never visited before and that you know relatively little about, then visit using public transport and your own knowledge of securing good deals in your home country. It might not be the far-flung foreign travel you dream of, but it should be enough to keep your wanderlust under control until you can afford your next big trip.

Lean on your reward points 

If you’re a frequent traveller, then chances are you have amassed a few reward points or frequent flyer miles. If you can add some funds to your reward points, then you might be surprised by just how fantastic a holiday you’ll be able to afford. As inspiration, consider how Alex Miller from Upgraded Points was able to cover the cost of an incredible trip with relatively little financial investment— the rest was covered by his reward points. This is a great choice if you have some money to spend, but not enough money to spend on an entire holiday— use your reward points to make up the difference and secure yourself a great deal.

Wait

Yes, it’s the option that no traveller truly wants to consider; if you want to travel, then the idea of waiting for a trip can feel extremely stifling. However, it’s better for your financial situation and your own well-being to opt to stay home rather than take a risk with a cheap deal. As you wait, you can keep scouring the internet looking for low cost, rather than cheap, deals that might fit into your available budget.

In conclusion 

So while you may be desperate to travel, it’s important to be careful. Hopefully, one of the alternatives above may help to settle your wanderlust… for awhile, at least!

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Travel Tips

How to Spend a Weekend In a New City

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So, you’ve either planned a mini-break or else you’re stopping over in a nearby city to see the sights while you can. Either way, two days in a city you’ve never visited before may not seem like much, but you can definitely tread some serious ground while you’re there. Whether you’re the outdoorsy type or you prefer perusing art galleries, it’s important to soak up as much culture as you can from the experience, so you don’t feel like you’ve missed out. With this in mind, here are five tips to help you make the most of your weekend in a new city.

Dine In the Best Restaurants

Before you land in your city of choice, do some online research to determine the best restaurants in the area and make some reservations. You can check out the Top 10 lists on Trip Advisor and read customer reviews to find the top picks. If money is an issue, you might want to avoid the pricier options, but you should aim to try as much as you can of the local cuisine especially if it’s food you wouldn’t normally eat.

Take a Historical Tour

If you’re visiting a big city like London or New York, there’s bound to be plenty of history to fill the gaps in your knowledge. Most touristic places offer guided tours of or bus-top tours that show the local highlights, so book yourself on one of these and try to see as much as you can while you’re there. You can also visit local monuments, museums, and landmarks where you can take some great photos of your trip.

Book an Escape Room

If you’re looking for that extra bit of excitement to get your adrenaline pumping, an RVA Escape Room could the perfect way to while away an afternoon. These crop up in most major cities and they’re increasing in popularity all the time. Whether you’re traveling alone or with a partner, you can call upon your inner sleuth to solve clues, crack codes and work on puzzles to break out of the “locked” room.

Stay Somewhere Unusual

Whether you’re a full-time traveller or a summer vacationer, chances are you’ve stayed in your fair share of hotels. Why not switch it up and try something different, such as a Botel (hotel on a boat) in Amsterdam or an undersea lodge in Florida. Staying somewhere new and exciting will give your weekend trip an edge and make it even more memorable.

Fight the Jet Lag

A weekend in a new city often isn’t long enough for you to explore properly, but for this time at least it’s all you have. Therefore, you don’t want to spend the whole period jet-lagged and not be able to enjoy it. If possible, avoid jet lag by selecting a flight that lands early evening, and try to stay up until at least 10pm to keep your body clock on your side. You should also avoid alcohol and caffeine on the plane and drink plenty of water when you arrive. Take short naps if you must, but don’t let jet lag overshadow your experience!

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Meet Cole and Adela

Cole and AdelaWe have been wearing out our jandals (Kiwi for flip-flops) on our travel adventures around the world since 2009. We think our blog is thought provoking and a little witty. But we have been proven wrong before. Find out more about us here...

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