9 tips and tricks to save up for luxurious adventures
Point blank, money is very important for the avid traveler. If you want to travel highly and mightily, funds should be handled properly. Such is why practicality is still the way to go at every step of your trip and not just prior to it. There are always ways to handle and optimise your funds, especially if you are to book everything first class. Since budget is everything, here are some of our tips and tricks for saving money while enjoying the finer things on the road.
1. Research, research, research
You are going to find yourself in unfamiliar territory for the duration of your planned trip, which is why you need to get as familiar with the place you are going to as possible. The costs of things vary from location to location, which is why it is important that you are aware of where you want to be or what you want to spend more money on. Make a step by step plan which includes allowing a certain budget per step you take during the course of your trip. This will give you ample time to prepare for splurging on the luxuries and finer things that the trip has to offer. Also: maximize the use of Google. Every bit of information on your destination is just a search away.
2. Keep track of your expenses
Even those with a lot of money to spend have a hard time keeping track of expenses if they are not used to doing it. People usually splurge at the beginning of the trip that they would run out of funds at the climax. Keep track of how much you have already spent so that your budget will not be cut short when it matters. It is as simple as spending more on what you want the most. Want to book a penthouse suite? Go ahead. Feel like having a full spa package? Why not? All is possible as long as you put your money where you think it is right to do so.
3. Shop in local stores
There might be a common misconception that shopping in local stores for souvenirs and items are for
the cheapskate. That is totally false. In fact, there are actually good finds when shopping in local stores. Sure, you will get items for less, but you will be surprised by the quality of many local products. You will never be disappointed when you are willing to spend a fortune on buying unique things to bring back home with you. What’s the point of travelling the distance if you are just going to buy stuff that you can also find back home, right?
4. Less is more
Being practical does not mean you have to get the stingiest of travel packages! You can still get the most out of a luxury package. All you have to do is find the cheapest deal for a first class trip. That way you can enjoy travelling like a royal without having to pay for the full amount. Some travel services offer flash deals even during the peak seasons, which is why you have to be on the watch. You may want to consider scoring a deal during off-seasons as prices tend to go down. It is the destination and the experience that is important, anyway. Then, there also is the possibility of being able to squeeze in another first class trip with the money saved.
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5. Currency cheat code
There is no such thing as easy money, but there definitely is a way to multiply your cash on hand allowing you to live larger. Traveling to countries with a friendly exchange rate allows you to score
destination packages where you can be treated like kings and queens without having to spend a dime. Asian countries, for example, are an easy hack as you can spend months living a lavish lifestyle for a fraction of what you’d have to pay back home. South American countries are another example if you wish to live like a boss sipping cocktails while relaxing along the clear Caribbean beach. Some Eastern European countries also have feasible currencies (tip: you might want to consider visiting cities such as Prague or Athens). Travelling to a country with low costs of living allows you to splurge on first class accommodations and the finest restaurants in the area.
6. Stick to the essentials
The secret to traveling efficiently: fitting all that you need in a single bag. If you are to stick to the things essential to human survival, you will be surprised with how little you actually need whenever you travel, even on a luxury trip. That gives you more resources to spend on and mental room to think about important things such as food, transportation, and accomodations. Remember that the less load you carry, the faster it is to get from one place to another. The good thing is that you might even save enough space for new things you see along the way.
7. Separate funds according to purpose
In the corporate world, it is illegal to take away from a certain account to fund another without formalities. This serious principle can be applied to your travel budget management, as well. It is best to set aside a certain amount for a travel-focused account. This fund should not be taken out of your day-to-day and contingency funds. Every time money comes in, you should already make computations on how much goes to where. Always put in mind that setting aside funds must depend on either the urgency or immediacy of a purpose. This should be as easy as separating your wants from your needs and creating a certain budget for each. Also, don’t forget to refer back to number one as to how you spend on your travel budget.
8. Settle your debts well ahead of time
Interest rates are usually an unnecessary source of expense, especially when the money spent on it could have been used to fund your passions or investments. Make it a point to settle your credit card debts on time and pay higher than the minimum payment required, well ahead of your trip. This frees up your cards, and thus, gives you extra room for shopping and emergency expenditures. Liabilities will always cancel out assets and it isn’t a good idea to be travelling with such. Be sure to minimise all possible financial burdens before it’s too late.
9. Take advantage of promo deals
Always be on the lookout for promo deals or bundles which will save you a lot of money. Compare prices and make sure you are getting the best deal possible. January is usually the best month to get cheap deals in most places. Of course, it still depends on whether it is peak season in certain areas or not. It is more practical to find people that are willing to split up group tour packages with you rather than shouldering a single deal all on your own. Promo deals, particularly for group packages, usually come out months before the actual scheduled trip. That way, travel vendors and services have time to fill in the slots required to get a wholesale package. If you are already out and about abroad, being on the look for discounts when paying for things like tours and souvenirs allows you to have more money to splurge on luxurious indulgences such as last-minute spa packages and room service upgrades.
Want to plan your ultimate luxury vacation, but don’t know where to start? Reveal your dream trip to our team at Fayyaz Travels and we’ll help you materialise it, detail by detail!