3 tips for not blowing your travel budget – Stittsville Central

According to Statistics Canada, international travel by Canadians is down nearly 37% in the first three quarters of 2021 compared to the same period before the COVID-19 pandemic. But with the post-pandemic world opening up to travel, you might be ready to plan your next adventure.

Whether you dream of hiking in the mountains, seeing the sights of a new city, or just relaxing on a beach, you don’t have to spend too much to have a great time. Following these tips can help you keep your budget on track.

  1. Compare the prices. Unless you choose an exclusive, ultra-luxury location, in the age of online, do-it-yourself trip planning, there’s no reason to overpay for your trip. Sign up to receive daily or weekly emails of travel deals from companies like Expedia, Redtag, or Kayak. They aggregate special offers from a variety of tour operators and airlines, giving you an easy way to keep track of the best deals.
  2. Be flexible. Rather than choosing a destination and trying to find a deal, why not choose your trip based on what’s on sale? You may discover a place that you might have overlooked otherwise. This does not necessarily mean traveling out of season. You might as well get a discount for an up-and-coming destination, and even better, you can say you went there first!
  3. Set a budget. Before you can stick to your budget, you need to have a budget. Decide on the maximum amount you want to spend and stick to it. This can mean being more selective when choosing memories or ignoring them altogether. (Do you really need another fancy t-shirt or shot glass?) While it may seem counterintuitive, tracking your purchases with a debit or credit card can be easier and safer than using cash. At the end of each day, check your account to make sure you’ve met your daily budget. All-inclusive vacations are another great way to cut costs. Lock your wallet in the room safe and don’t take it out until you leave to avoid tempting impulse purchases.

If traveling is one of your goals, your finance professional can help you review your current situation, refine your goals, and create a strategy to keep you on track.

(This article was provided by Darryl Metzger, Financial Advisor at Edward Jones, Stittsville. Contact Darryl to find out more about how he can help you with your financial planning – 1300 Stittsville Main Street, Suite 200, Stittsville, Ontario. Phone 613-831-8028 Visit Edward Jones’ website: https://www.edwardjones.ca/ca-en/financial-advisor/darryl-metzger.)