11.07.2024 By Amy Miller, AFC®

4 Ways to Reduce Holiday Travel Costs

The holiday season is one of the busiest travel times of the year, which often means high prices for flights, hotels, and other travel expenses. However, with a little planning, you can cut costs and travel on a budget while still enjoying a memorable holiday experience.

 

Here are some tips to help you reduce holiday travel costs:

Book Flights Early and Be Flexible

Flights can be one of the most expensive parts of holiday travel, but there are ways to find deals:

  • Book in advance: Prices often rise as the holidays approach, so aim to book flights early, preferably two to three months ahead.
  • Be flexible with travel dates: If possible, avoid traveling on peak days like the day before major holidays. Midweek and early morning flights tend to be cheaper than weekend options.
  • Set fare alerts: Track ticket prices and get notifications when they drop by signing up for fare alerts through airlines and other travel websites.

Consider Alternative Accommodations

Accommodations can quickly add up, but there are several ways to cut down on lodging costs:

  • Book early or use last-minute deals: Popular destinations fill up quickly, so booking early can lock in lower prices. However, some platforms offer great last-minute deals, if you’re willing to put in the time to find them and take the risk of possibly missing a good deal and paying more.  
  • Stay with friends or family: If you’re visiting a location where you have friends or family, consider staying with them instead of paying for a hotel. It's a great way to save money and enjoy the company of loved ones.
  • Explore short-term rentals: Several online rental platforms offer affordable and comfortable alternatives to hotels, especially if you’re staying longer or traveling with a group. You can also save by choosing accommodations with kitchen access, allowing you to prepare some of your own meals.
  • Save on Ground Transportation

Once you arrive at your destination, you can still find ways to keep transportation costs low:

  • Public transportation: Instead of renting a car or using rideshare services, take advantage of public transportation options like buses or trains. Many cities offer affordable transit passes for tourists.
  • Car rentals: If you need a car, use price comparison websites to find the best deal. You can also consider renting from local companies, which may offer lower rates than national chains.
  • Carpool or share rides: If traveling with friends or family, splitting rides or carpooling can help save on gas and rental costs.

Plan Ahead for Food and Activities

Eating out for every meal can get expensive, and holiday activities can add up, but you can save with a little foresight:

  • Pack snacks: Bring snacks for the road or while waiting at airports to avoid paying high prices at convenience stores or food vendors.
  • Look for free or discounted attractions: Many cities offer free holiday events like parades, tree lightings, or outdoor concerts. Research the destination ahead of time to find affordable activities for the whole family.
  • Search for dining deals: Use discount apps to find affordable dining options in your destination city. Opting for local eateries instead of tourist spots can also save money.

By using these tips to plan ahead, stay flexible, and make smart choices, you can reduce your holiday travel expenses and enjoy the season! Saving on travel leaves more room in your budget for gifts, experiences, or simply to boost your emergency fund for the new year.

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