February 25, 2024


Family Finance

Smart Traveling: A Guide to Saving Money on Your Adventures

Smart Traveling: A Guide to Saving Money on Your Adventures

Traveling is a fun and rewarding experience, especially during the Minnesota winters, but it can also be expensive. As prices of almost everything skyrocket, we’re diving into some tips to save money on your upcoming vacation. With careful planning and a bit of resourcefulness, you can make the most of your travels without breaking the bank. We’ll explore practical tips and strategies to help you save money while traveling, allowing you to create unforgettable memories without compromising your budget.

Budgeting and Planning:

  • Start by setting a realistic travel budget that includes accommodation, transportation, meals, activities, and miscellaneous expenses.
  • Avoid debit card hold-ups; before your trip, be sure to get in touch with your banker at Deerwood to inform them of your travel plans so your account isn’t questioned for fraud.

Travel Off-Peak:

  • Consider traveling during the off-peak season when prices for accommodations and flights are generally lower.
  • Traveling off-peak will also allow you to experience less crowded destinations and better deals on attractions.

Accommodation Hacks:

  • Explore alternative accommodations such as hostels or vacation home rentals, which can be more budget-friendly than hotels.
  • Consider loyalty programs, discounts, and cashback options when booking accommodations.

Dine Wisely:

  • Indulging in local cuisine is a must, but dining in tourist hotspots can be pricey. Venture off the beaten path to discover authentic eateries where locals dine. Street food markets are often a budget-friendly option, offering delicious dishes at a fraction of the cost. You’ll get a taste of the local culture while keeping your wallet happy.

Utilize Credit Cards:

  • Many credit cards offer different perks and money-back options when booking travel.
  • Consider talking with your banker at Deerwood to help you find the best credit card option that will give you great rewards towards your travels.
    • p.s. right now Deerwood Bank has a great travel-focused credit card that rewards customers with points that can be used for travel, cash back, and much more! Click here to learn more!

Entertainment and Activities:

  • Take advantage of free walking tours, museums with discounted or free entry days, and outdoor activities.
  • Research and invest in city passes or attraction bundles to save on multiple entrance fees.

Use a Travel Expert:

  • Most often, using a travel agent doesn’t add cost to your trip – they get paid through the resorts and experiences they book. So, by using a travel agent, you can gain access to local insight and wisdom that can save you money in the long run.

Pack Wisely:

  • Bring items from home when you can, like water bottles and snacks, to avoid unnecessary purchases during your travels.
  • Pack essentials and versatile clothing to minimize the need for last-minute shopping.

Traveling with Kids:

  • Many popular vacation destinations have discounted or free rates for kiddos under a certain age. Optimizing those discounts sure has its perks!

By incorporating these money-saving strategies into your travel plans, you can enjoy amazing travel experiences without straining your budget. Remember, the key to smart traveling is a combination of careful planning, resourcefulness, and a willingness to explore alternatives.

Heidi Tollefsrud

Heidi Tollefsrud

Heidi Tollefsrud is the Vice President – Customer Experience Director for Deerwood Bank. A graduate of the University of Minnesota Duluth, Tollefsrud manages Deerwood Bank’s entire retail banking department while also working to streamline and integrate the customer service experience across all delivery channels.

In her free time, Tollefsrud enjoys spending time with her friends and family while they explore new places in nature. On a warm summer day, you might be able to find Heidi riding her motorcycle on a nice tour around a local lake.

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