Recession-Proof Vacation Tips

Spring is here and people are thinking about their summer vacations.  There are things that you can do prior and during your trip to save time and money.

Here are some “Recession-Proof Vacation” Travel Tips to get you a bigger bang for your buck.

  • Travel Off-Season
    – Lower Prices and Less Crowds

  • Go Where the Dollar is Strong
    – Caribbean, South America, Asia, Barbados, Jamaica, Jordan and Switzerland

  • Bundle Your Travel
    Very often you can save money by booking Package Deals that include airfare, hotel, car etc.

  • Hedge your Travel/Hotel Budget
    If at all possible, you need to get your trip priced — and then locked in U.S. dollars. You then need to hedge your travel budget against currency fluctuations

  • Use Promotional “City Cards” to Save on Attractions
    – Cities around the world offer City Cards/Passes to tourists that promise savings through discounts on top tourist attractions and public transportation

  • Use Your ATM Card When You Need Cash
    Don’t exchange U.S. dollars overseas. You’ll get killed two ways — higher exchange rates and commissions from the money changers. Instead, use your ATM card to take out only the amount of foreign cash you might need at any one time. You get the exchange rate the bank gives its own customers, you take out only what you need, and you’re not carrying around huge wads of cash. There are now a number of banks, financial institutions and brokerage houses that offer no-fee ATM cards — and if there was ever a time to have a no-fee ATM card, this is that time — when you’re traveling overseas.

Source: Peter Greenberg, Today Show 2008

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