The Best Little Money Book
Tip of the Month
Travel Tips to Save You Money
School’s out and summer vacation is here. Don’t forget the sunscreen – and some financial planning to keep more money in your pocket.
Is flying your mode of vacation travel? Remember to check the fees as you search for inexpensive fares. Many carriers have just increased their change-of-flight fees. They can be as much as $200. Many have added carry-on bag fees as well and increased fees for luggage that is checked. The fare may be cheaper but the fees will get you, particularly if you need some flexibility. If you are using rewards points from credit cards for travel, start early so you can make use of them.
If you are driving, remember to research and make hotel reservations ahead of time. There are many travel sites available; make use of them to get your best deal.
If your travel includes a rental car, ask your current automobile insurance carrier if your coverage will also cover the collision damage insurance for the rental car. Many insurance company’s policies include the collision damage in your personal policy so you can opt out with the rental company and save some money. Another gotcha: If you are in an accident with your rental car and the car needs to be repaired, the rental company will charge you a per day fee as long as that car is in the shop and out of service. Does your insurance cover that, too?
Finally if you want to purchase travel insurance, read the policy! Will it cover the occurrence that you fear will keep you from traveling? This is particularly important with cruise bookings.
The Money Team