Less Money

Less Money- More Travel Time – Lowering Travel Cost

One of the biggest misconceptions about travelling is that shorter trips cost less than the longer ones. The reality shows that a month-long journey is not only cheaper than 4 one-week vacations. It can also cost about the same as one-week vacation. Likewise, taking a year off to travel can easily be at a better value plus a more memorable experience than a decade of hurried, two-week vacations.

The secret here is not merely a matter of budgeting- it is a matter of mindset. Here are strategies, on how to adopt a mindset that can make a long-term journey affordable:

1) Do not purchase your travel specifics in advance. As wonderful as that Ugandan Safari looks in the promotional literature of a travel company, searching for the same experience when you arrive in Africa will be much less expensive – and you’ll save yourself the trouble of adhering to a fixed date. The same goes for air travel. A discounted “round-the-world” flight ticket may very well seem tempting but it’s generally better to buy a one-way ticket to your first destination and plan your ongoing transportation as you go. Not only is it cheaper this way, it allows you a more organic experience – since you’ll have a much better feel for your journey.

As a general rule, remember that pre-packaged adventures and prior arrangements – even those touted under the phrase “budget travel” – are for people who can only spare a few days away from home.

Long-term travel is all about setting your own pace and finding your own way – and you can rest assured that everything you see in a glossy brochure in Milwaukee will be just as available when you arrive independently at your destination.

2) Go slow

One of the advantages of long-term travel is that it allows you to see and experience things at your own pace. This will ultimately save you money, since a slower travel tempo better integrates you into the local economy, and allows you to wander around and find your own adventures.
Hence, when planning, don’t aspire to “do” Central America in six weeks; you’ll have a much more vivid (and economical) experience if you limit yourself to a country or two. Similarly, don’t plan to “do” Asia in six months; instead, aim to see a part of it, like the Northeast, or India. And – even if you have a year to play with – trying to cram five continents into a single travel is a sure path to exhaustion. Long-term travel shouldn’t be approached like bulk shopping: The value of your travels does not rely on the number of stamps you have got in your passport when you get home – and the slow experience of a single country is always better (and more affordable) than the hurried, superficial experience of 10 countries.

3) Trying out the local hotels

A great way to save money and have an enhanced travel experience is to sidestep international hotels and tour companies. Instead of luxury chain hotels, seek out clean basic, hostels and local guesthouses. Instead of flying from place to place, take local buses, trains, and shared taxis. Instead of dining at fancy restaurants, eat food from street vendors and local cafeterias. Within the local economy, one can take a train from one end of China to the other for what it costs to gas up an SUV back home. For the price of a home-delivered pepperoni pizza, one can eat great meals for a week in Thailand. For a month’s rent in any major American city, one can spend a year in a beach hut in Nicaragua. Moreover, even the industrialized parts of the world host enough hostel networks and camping opportunities to make long-term travel affordable.

This principle also applies to day-to-day life on the road. Shop for food in local farmers’ markets instead of continually seeking out processed supermarket food and restaurant meals (you’ll end up healthier for the experience). Moreover, shopping and sleeping in local economies will help you understand how local residents live.

In the event of lack of money for urgent travelling needs, you can always count on the internet to guide your why out of the mess. Why not try out paydaybank.co.uk to resolve your financial travelling needs? Payday Banks are a reliable short term loan organization based in the United Kingdom and offer you affordable loan rates with no credit history check whatsoever.

Financial Freedoms

5 Financial Freedoms You Must Protect

We’ve all dreamt about the day we can retire, the free time we’ll have to find a new hobby, travel to a new place, or simply, do nothing but sit and relax. But in order to enjoy the retirement years like you want to, you’ve got to plan ahead. In particular, you need to protect five financial freedoms. They are:

1. Guaranteed Income

Have you taken the steps today to secure your financial future: for yourself, your spouse and your family?

Remember when you retire, you won’t receive a regular paycheck. Not having that steady income may come as a shock. You may start to panic as you begin to dip into savings for daily expenses. You may need to live on a strict budget. You may end up needing to find a job. And, if you decide you need to return to work, it most likely won’t be in a full-time position with a full-time salary.

As you think about retirement, you need to realize this: the day you stop working is the day you surrender your guaranteed income. However, by developing a strategic plan now with your financial advisor you ensure that your financial situation is set up so that you can enjoy your retirement years worry free.

2. Travel

The number one thing most people want to do when they retire is travel. In fact, retirees are in the top 3 groups of travelers in the United States and spend about 20% of their retirement income just on travel.

It shouldn’t be a surprise that retirees are on the move. They have the freedom to take vacation whenever they want since the job isn’t tying them down anymore. However, the question that needs to be asked is that as retirees, while you may be able to pack up and go whenever you please, do you have the financial freedom to do so? How can you fulfill your dream of visiting new locales in America or around the globe if you live on a fixed income?

By working with your financial advisor, travel is possible. Together, you can create a retirement plan that includes travel in your financial future so that you don’t need to give up your desire to explore the country and even the world.

3. Legacy

As parents, your instinct is to take care of your children even when they become adults with kids of their own. One of the most important ways you can do this is by giving an inheritance to your kids once you’ve passed on.

While you have many years of making memories with your family, now is the time to make sure you’ve invested your money wisely. Making wise choices means considering the various tax benefits that different financial options have to offer. I know it can be confusing and frustrating to compare the options available to you, and that’s why it’s a good idea to turn to a financial advisor to counsel you on these important decisions. Your family’s well-being is at stake.

4. Autonomy

Life prepares us to be independent, doesn’t it? Sure, at first, we depend on our parents to care for us, to protect us. As we grow older, we build our independence. We start our own families. We become the providers.

However, during the retirement years doubt may begin to creep in about your ability to live autonomously. Without a steady stream of income, you start to wonder if you need to find a job or whether you can afford to live on your own. Talking with your financial advisor and planning for your future can alleviate these doubts and give you peace of mind knowing that you can continue to live the independent life you want.

5. Choice

When you think of retirement, a number of things come to mind, particularly a list of all the things you want to do and the age you want to retire. However, one vital piece of information that you may not have thought about is how much you’ll need to retire AND live comfortably. If this describes you, talk with your financial advisor today. Believe me, you don’t want to wait until you’re close to your targeted retirement age because you might discover that you’ll need more to live the retirement lifestyle you want. Your financial advisor will work with you to make sure you’re saving enough now so your dream lifestyle can be your retirement reality.
The number of people who get interested in dietary diet increases every day.

Financial Crisis

Why Global Financial Crisis Forces Travel Cuts

Nowadays, any economical instability in the market of investments may threaten the financial lives of millions of employees, businessmen and tax payers. The current global financial crisis, the whole world in enduring, has caused numerous financial setbacks to many businesses that were forced to start economizing and cutting back on expenses.

Thus, many luxurious services have been cut back to overcome the crisis and the losses that resulted. As a result, the travel industry has suffered from travel cuts induced by the global financial crisis itself and caused by the decrease in travel demands especially by businessman and regular travelers.

Current statistics show that the third of companies have actually halted all their business trips as they seek to cut their travel spending which is considered a high business expense. According to a new survey made by Business Travel Coalition (BTC) that polled over 200 companies, one in four firms have established emergency cuts to their overall travel spending in response to the current global financial downturn.

The survey was initially commissioned by the BTC in response to members’ concerns about the prospect of a new recession. About 40% of the companies surveyed from 14 different countries said they have established a complete and total travel freeze, while about 25% said they have cut air travel only. Almost 75% of the firms that established the cuts have admitted that the measures about cutbacks will stay in place until further notice or even until a certain change in the current situation.

The researches completed also found that the cuts in travel budgets have been fine news for most of the low-cost carriers present in the USA. BTC spokesman stated that we have entered an eerie similar to the cyclical downturn that happened in Autumn 2000. However, there is an increase in the order-of-magnitude in the significance of the present condition and in corporate reactions concerning travel expenses.

Many firms began cutting back on air travel expenses at the beginning of the year due to the worsening of financial data points. Surveys made in the first quarter of the financial year did not recognize a pullback trend. However, by middle of the year, it was broad based. BTC wanted to unequivocally capture the firms’ reaction to the economical crisis in order to be prepared for next year.

As the need of travel increased with the grow of businesses, the travel cuts have surely brought bad news to big firms. As a result, alternatives were admitted to replace this essential need. Half of the firms that were surveyed stated that they are seeking alternatives such as video conferences, cancelling overnight trips and even train travels.

Whereas other firms have established new policies that limit the staff’s traveling needs and force them to use some no-frills airlines like Easyjet or even Ryanair.

Another survey that supported the BTC one has also suggested that about half of the corporations polled have the goal of reducing their travel budgets before the ending of the economical year that is in March 2009.

A poll also made by KDS, travel management company, stated that almost 40% of corporations have been actually obligated to call off previously-reserved business trips while the other third had to call off many international meetings and replace them with alternatives like video conference calls.

These travel cuts that the current financial crisis have deteriorated the travel industries and led to many losses to numerous international airlines. Some airlines were actually forced to decrease their number of annual flights especially from places that have encountered a decrease in travel expenses. The new policies are to stay in place until further studies are made about the upcoming financial crisis.

The current economical crisis has surely been of bad news to thousands of industries and corporations. Though the travel cuts might have helped some low-budget businesses decrease expenses, but it surely have disrupted the high-income businesses that depend mainly on traveling.

The next financial year will surely state the precision of any further responses and policies that the corporations will follow. The current policies will surely remain running for quite some time until the financial crisis starts to vanquish.

Travel Costs

5 Ways to Cut Teen Summer Travel Costs

According to the National Consumers League, 70-80% of teens will have some type of job during their high school years. Of those, 50% will work more than 15 hours a week during the school year. After months of saving, many teens anticipate spending part of their summer traveling with friends. However, it’s important for teens to plan trips as wisely as they save for them. Whether it’s an overnight camping trip or a week on a coastal beach, smart planning is equally important to financial success.

1. Travel When Others Don’t. Many teens like the idea of a weekend flight, but according to Rick Seaney of the travel website FareCompare.com, one of the best day to fly is Wednesday. If your teen can avoid traveling on a Sunday, it could save them some major cash. Sunday fliers are often hit with a “peak air traveling surcharge,” which can be up to an additional $30 each way.

2. Split the Cost. If your teen is planning on staying in a hotel, encourage them to room with friends. According to a recent Travelocity.com search of the popular Myrtle Beach destination, many hotels can accommodate from one to four occupants without major price fluctuations. If your teen doesn’t mind bunking up, it could save them several hundred dollars.

3. Take the Bus. If you’re concerned about your teen driving long hours, you’re in luck. One of the newest and best kept traveling secrets is the MegaBus. Since 2006, MegaBus has offered lost cost travel with free Wi-Fi to all its passengers. According to megabus.com, a ticket from Ann Arbor to Chicago is $15 one way or $30 round trip.

4. Second Choice isn’t Second Rate. If there’s a place your teen would love to visit, but it’s just too expensive, try a nearby alternative that’s less expensive (because it’s not a tourist trap). Some of the best vacation destinations are the ones less traveled. Advise your teen to use the internet as a tool and do some homework with them on alternative destinations. Plus, any word of mouth recommendations from a reliable source could save you some money over a travel agent.

5. Set a Budget. As a parent who’s traveled before, express the importance to your teen about setting a budget and sticking closely to it. Help them manage several expense categories including things such as supplies, food, accommodations and even souvenirs. Helping your teen set up an itinerary of what they are doing on what days can help budget planning go more smoothly.

Helping your teen plan their trip can be a challenge. However, with a little advice and guidance now, you are preparing them for a lifetime of smart financial traveling.

Financial Travel Tips

Financial Travel Tips

Travelling with money abroad
Taking cash on holiday has its pluses and negatives. An obvious draw back of cash is that if you lose it, its gone, and that is that. The reality is that we all need to take at least some cash with us before we go so that we can pay for food or taxis when we arrive

If you are thinking of getting foreign exchange you don’t need to worry about the bureaux de change commission but you do need to keep an eye on the exchange rate. What ever you do shop around. Buying foreign exchange from your bank or at the airport will mean you will probably pay over the odds.

As the exchange rates vary you must do your research. In order to get the best deals go online and find a deal. When you compare exchange rates online on a comparison site make sure you check the charges.

The advantages and disadvantages of travellers cheques
If you are going to the back and beyond travellers cheques are probably not a very good choice. Taking cash or a credit card gives you a greater deal of flexibility as you don’t need to go to a bank. American dollar traveller’s cheques are probably the only exception as they are a widely accepted form of cash payment in the US.

Load before you go debit cards
A prepaid debit card is a useful option when going overseas. This card is already charged with currency before you leave the country. All you do is withdraw or spend as you go.

The benefits of the prepaid credit card are that you can get one what ever your credit rating and they are far more secure. If you lose a card the issuer merely cancels it and sends you a new one.

Should I take my debit card?
Debit cards are what most of us would usually take on holiday. Most of us have one, little thought and planning needs to take place, and your bill arrives in your bank statement the following month with all the rest of your purchases.

The only problem with taking your debit card abroad is that it’s not the cheapest option. The typical rate is about 2.75% to 2.99% which is relatively high. Whilst withdrawing cash out in the UK it will cost you up to 3% abroad.

Using a credit card abroad
Just as debit cards, most credit cards will charge you about 3% but there are some exceptions. Certain cards will not charge you any fees on foreign transactions. Some will not even charge you for foreign transactions. The good thing about most credit cards is that you will be protected for any purchase above £100. So if your turkish rug suddenly catches on fire at least you will be covered

All the above assumes that you payoff your balance at the end of the month so that the interest charges don’t cancel out the gains made on the foreign exchange rates. Most of all keep your money safe. Try to blend in and try not to look like a tourist.