As the holiday season approaches, many of us are caught in a balancing act between the desire to create meaningful experiences and the reality of rising costs. Inflation and increased living expenses have turned what used to be a time of joy into a financial juggling act. Whether you’re dreaming of reuniting with family or escaping to a winter wonderland, holiday travel can seem dauntingโbut it doesnโt have to be.
We have some alternatives to help you save on travel this year so rising costs donโt drain your holiday spirit (or wallet):
Choose a flight based on price instead of convenience: Itโs no secret that certain days of the week have much lower fares than others โ like Tuesdays or Wednesdays. This may entail you starting your trip a day earlier, a day later, or taking off at a less-than-ideal time. The savings, though, will probably make it all worth it. If your schedule isnโt flexible, consider giving up some luxuries and choose an airline that better fits your budget. Flight comparison tools and apps that track prices can be helpful in your planning.
Choose a hotel based on price instead of amenities: Ask yourself questions such as, โDo I really need a hotel with a fitness center or a pool?โ We suggest taking advantage of a hotel that offers free breakfast, though. If youโre visiting a big city, consider staying at a hotel close to the suburbs. Even better, ask your friends or family if you can stay with them. Use sites like Airbnb or VRBO for cheaper accommodation options, especially for larger groups or longer trips. If you opt for a hotel, be sure to take advantage of their rewards program.
Use credit card points to cover expenses: If youโve been racking up those airline miles, hotel points, or gas rewards on your credit card all year long, now is your chance to cash in and save on high flight fares and gas prices. Maximize points by booking during point sales or promotions, using cashback portals, or redeeming for travel-related items beyond flights and hotels (like car rentals or experiences). Donโt have a travel credit card? Look into one, and next yearโs holiday travel could be essentially free.
Try not to use a checked bag: Yes, we know, packing light is easier said than done. But if youโre going to a warmer climate and only for a weekend visit, nowโs the time to take on the challenge. Research some tips on packing light, like rolling clothes, using compression bags, and packing versatile clothing that can be mixed and matched. If you were going to have to check a bag to bring gifts, consider opting for a gift card or shipping gifts directly to them instead.
Use a ride service instead of a rental car: If youโre visiting friends or family that have a car, or if everything you plan on doing is within a reasonable distance of your hotel, consider cutting back on the luxury of a rental car. Utilize your ride service app and avoid high rental car prices and having to fill up the tank, too.
Take a staycation: For travelers, this holiday season is shaping up to be a more frugal one than recent years. Staying local or planning for a low-cost staycation can be fun, too. Make a point to visit local attractions, support small businesses, and meet up with friends and family.
For more tips and tools on budgeting and savings, visit www.PennCommunityBank.com.
