Financial Freedom Series - Part 4: 5 Tips For Saving Money On Your Summer Vacation

1. Know where to find the best deals.

Many airlines, hotels and other travel companies offer deals through social media, email and apps that you can use to your advantage. For example, Priceline offers exclusive deals to followers on Twitter and email subscribers. Priceline also offers mobile-only deals if you search for hotel accommodations via its app or your mobile browser.

2. Stay outside of the city or main location/attraction.

You can often save a lot of money by staying a bit outside the center of a city or right outside the main attraction area. These accommodations often give you a quieter spot at night and give you a chance to see part of a city or area you wouldn’t visit otherwise. And, the travel to the city center on public transit can be fun for everyone too.

3. Book early.

If you are planning trips around big summer holidays like Memorial Day, Fourth of July, Labor Day, or really most holidays, it’s best to plan ahead and book early.

For the Fourth of July, rise even early. Priceline data shows that hotels and flights prices hold steady until about 16 days prior to July 4, but then rise. An average Fourth of July flight costs $214 per ticket 16 days before the holiday, whereas the average price for a flight booked one day before July 4 is $304 per ticket.

For Labor Day, prices typically start to rise 10 days before the holiday.

4. Book at the last minute.

If you can hold off on booking hotels until right before your trip, you can often save a lot of money. Many apps allow you to search for last minute deals. Just keep in mind, most of them fall within the cancellation period, so no refunds.

5. Book accommodations with a kitchen.

When booking travel, families usually worry about the biggest expenses, like airfare and hotels. But once you’ve gotten to your destination, your three meals a day can add up.. Restaurant meals can easily add $200 or more a day!

If you can find a nice place with a kitchen, you can prepare meals at home and save a lot of money!


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