Travelers are likely to spend more this year than in years past. According to the latest research from the Travel Industry Association of America, total travel expenditure among U.S. residents increased by 5.3 percent in 2005. Whether planning a weekend escape or a tropical getaway, there are ways to hit the road without breaking the bank. Here are some tips that will help you stretch your resources so that you can get the most out of your trip:
Budget Before You Go. Determine in advance how much the entire trip-meals, transportation, travel accommodations, entertainment, shopping and miscellaneous expenses, such as admission to theme parks and museums-will cost. Online resources, such as www.practicalmoneyskills.com, provide budget calculators that help itemize vacation spending. If you know how much the total trip will cost, you can save toward your goal before you pack your bags.
Reap Your Rewards. It’s time to cash in rewards points you’ve been earning all year on your credit or debit card. First, determine your eligibility. Do you have enough points to get to your destination? Are you traveling during dates when rewards points are accepted? Have...
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