They say that “traveling is the only thing you buy that makes you richer”. That statement is quite true, except for those who get overconfident in using their travel allowance and even other savings in buying things that they don’t actually need. While traveling and buying lots of stuff without giving it much thought is fun, the consequences can give the traveler a headache and a great amount to pay back once the trip is over. To help you avoid getting (are at least get you out) in these situation, here are 3 Tips on How to Avoid Spending Too Much When Traveling.
1. Set the budget in advance
One of the common problems when travelling is spending a lot of money on things that you don’t actually need. From buying food that looks so tempting that you can’t help but get it, a cute dress that you think will look really good on you, to paying charges on your hotel or flight.
What you can do: Set a daily budget and only bring the amount you need for the day. Just use cash or debit cards for your transactions to avoid having impulses to overbuy. If you’re traveling with family or friends, make wise decision in choosing what activities to do and other places to explore. You can also use different websites to book activities in advance or at least get an idea of how much it costs so you can prepare the right amount you need.
2. Double-check Bookings/Reservations
There are times when you get to excited for a trip that sometimes you forgot to do some things properly or miss some details that could give you a headache on the day of the trip or once you’ve reached your destination. Many companies like hotels and airlines have made their products and services online, making the booking process easier but at the same time more risky for travelers who refuse to read directions and terms and conditions, so they end up not having the reservation or being charged.
What you can do: Whenever you make a booking, be it a flight or hotel room, make it a point that you double check your bookings/reservations as often as your schedule allows, making sure that you did everything properly (or that the reservation/booking has been made). If you have a few minutes, take some time to read the policies or terms and conditions of the company you’re booking with to avoid getting in trouble later on. This will not only save you from having to deal with conflicts and having to pay for extra charges or re-booking the room or flight you thought you booked.
3. Don’t bring too many credit cards
Credit cards can be life savers for some travelers who love getting souvenirs from almost every place that they go to or for emergency purposes only (like buying jackets and a pair of good shoes?) – the problem is that they end up spending too much and having a huge amount to pay because their impulse to overbuy, confident that they have enough money to use and pay for the items that they purchase.
What you can do: To avoid overbuying/overspending during the trip, just bring your debit card(s) and only one credit card. This can save you from spending too much since you can only whatever amount is in your account and only use your credit card when you don’t have enough cash or if the store/hotel I not accepting debit cards as mode of payment.