Saving Money When Traveling

Traveling, particularly overseas, can be a great experience. For many people, it can also be an expensive one, which means you need to know how to save on expenses.

For many people, traveling is the ultimate method of rejuvenating their zest for life. On one hand, you get away from the constant interruptions of daily life that occurs at work and home. On the other, you get to see a whole different way of living in another location, even if it is in your country. The only problem with traveling, of course, is it can put a whammy on your bank account.

Saving money when traveling is not as hard as you think. The number one thing to remember is that practically everything is negotiable. If it is not, such as the cost of flights, there are often timing issues that can result in savings. While there are hundreds of tips, here are a few you might be unaware of.

Traveling in a group is a great way to save money. Businesses in the travel industry like groups because they represent a pool of guaranteed money. If you can swing a group of 10 people for a trip, hotels, cruises, guides and such will provide you with their services for free. Just you, not the entire group. This may sound like a strange strategy, but it can work if you are mad about some location. You simply offer to provide a guided tour to the area and do some marketing. The cost of your trip is next to nothing and you may be able to write-off much of the remaining expense on your taxes. Of course, make sure to run it by your accountant.

When it comes to hotel bookings, it is important to understand that the price of every room is negotiable. A hotel assigns four, five and even ten different rates to each type of room they have. Obviously, they want to get the most for it, but they offer all types of deals to attract bookings during slow times. The best way to take advantage of this is through online hotel booking sites. Since these sites move massive quantities of bookings, they usually get the lowest or close to lowest prices. You just need to compare prices, point and click.

If you are traveling somewhere by plane, you are inevitably going to need ground transportation. Car rentals at airports tend to be price compared to in town options. If you must rent at the airport, the best way to get a deal is through your frequent flyer miles. Rates can be half as much as those posted at the desks. If you do not have frequent flyer miles, try to book through the online sites for the various rental companies. A number of them will be offering specials that can really add up to significant savings.

Taking small steps to save money on trips can make all the difference. Follow the above advice and you should see less of a drain on your bank account.



Source by Richard Chapo

The 4 Benefits of Using an Airport Taxi Service

Taxis are known to be one of the safest and the most comfortable modes of transportation to reach your destination. They are one of the few transport services that can be customised according to your choice and help to move about from one place to the other. Several private companies have a fleet of taxis that are modernised according to the latest requirements. These private cabs are known to be extremely professional in their services where they reach the doorstep of their clients within minutes of making a booking.

Apart from helping you reach your destination within your city, they often have specialised services for airport pickup and drop. While you hire them to help you reach the airport on time, here are a few benefits of hire these taxis services rather than opting for any other mode of transport.

• Saves up on time – As the cabs are fitted with modern devices and technology, the driver can help you reach the airport in the fastest time possible using the shortest route. They are aware of the direction in the city, and GPS devices make it easier. You can simply inform them before hand with the details of your flight, and they would come over to help you board your flight on time.

• Lets you relax – If you opt to use your car to reach the airport and do not have a driver to help you, it is something that you need to worry about as your vehicle would be left with no one to take care of it. While the cab comes over to help you reach the airport, you do not have to worry about taking care of your car and thus helping you relax.

• Allows you to concentrate on other priorities – While you make arrangements to board a flight, you do not have to worry about making arrangements for transport to help you reach the airport. The moment you make a booking with their office, they would frequently send across reminders showing you their existence and thus would be arriving to help you reach your destination safely.

• Make you pay according to your convenience – Most taxi services have a fixed price that they charge for airport pickup or drop. There are a few who charge according to the distance covered. After you confirm on the payment procedures, you can either make payments online or can use your debit or credit cards to do so. It isn’t always necessary to pay for their services in cash.



Source by Natasha Unger Nandi

7 Specific Ways to Distribute Your Finances to Achieve Long Term Wealth

Ask the average person what money management means to them and the usual response will be along the lines of ‘Pay off all the Bills on time and try to save whatever is left over.’ – Not very inspiring nor sound like much fun huh? Here I outline a simple way to change the way you look at and treat money. An efficient and practical way to manage and monitor your finances and get out of debt, which is also fun and if done consistently…the long term rewards will be extraordinary.

Below are the 7 ways you should be distributing your money. – If you can, setup 7 separate Bank Accounts for each specific use, otherwise 7 Jars, Boxes or any feasible containers will work just as well to get you started. Be sure to do this on a regular basis which you must maintain i.e. Either daily,weekly or monthly.

1. Investments:

Allocate 10% of your money to be put aside solely for Investing. Only ever use these funds to purchase Investments. These investments should either generate you ongoing ‘residual income’ or capital appreciation/growth i.e. sell on for a profit. Once you gather enough funds/capital, purchase the respective investment and then start building up again until you have enough for the next one and keep repeating the cycle. This is by far your most important fund as it this that will ultimately work towards achieving your Financial freedom/Independence.

2. Long Term Savings:

5% of your money should be allocated for ‘one off’ purchases such as Cars, Clothes, Home Furnishings, Home Improvement, Home Entertainment. This should also be used for Vacations abroad/long getaways.

3. Long Term Expenses:

Another 5% should be allocated for any ongoing small Debt, usually Credit Cards or small Personal Loans.

4. Necessities:

These are your major living expenses and thus 55% will be allocated to this; Mortgage/Rent, Car Loan, Utility Bills, Food, Petrol/Travel Expenses, Subscriptions…you get the picture…

5: Education:

10% of your money is to be allocated to your continuous learning of Financial intelligence and Personal Development. This is very important as you can never stop learning and improving yourself. This would include; Books, DVD/CDs, Seminars, Workshops, required Travel and Accommodation expenses, Training Material and so on…

6: Fun:

This is another important fund. Life as you know is too short and if you don’t treat/reward yourself every now and again along the way, it can feel very laborious and get very boring. – 10% of your money goes here and at the end of every week/month/quarter you must blow the whole lot on a treat of your choice e.g. your favourite restaurant, the theatre, spa treatment. – You are only limited by your creativity…The idea being that you really enjoy yourself and acknowledge that you have put money aside specifically for this, and you don’t feel guilty about it!

7: Charity:

Wealth is to be shared, 5% goes towards giving back to those more needy. You can either make this a regular contribution or save and build towards a large donation to charities/causes of your choice. – The more you give back, the more you will receive…

Please don’t presume you need a lot of money to start doing this either, because you do not…You can start with very small amounts, the importance is making it a habit. Even starting with a small amount, the law of compounding will slowly grow it into something substantial. Teach this to your kids from an early age and just watch how quickly their financial intelligence will grow as well as their fortune!



Source by Anthony L Wong

Car Shopping Tip – Save On Fuel And Get $ 1000 From The Canadian Government

Here is a car shopping tip you do not see everyday. In March 2007 the Canadian Government announced in their budget that a rebate would be available for fuel efficient vehicles, referred to as the ecoAuto Rebate Program.

The idea is to reward those drivers who are trying to help with the environment by driving vehicles that are more fuel efficient. So here is a win / win car buying tip for anyone in the market for a new vehicle, drive a vehicle that is more fuel efficient and then get $ 1000 back for your new car purchase!

If you are in the market for a new car you can follow the link at the end of this article for a list of vehicles that are included under this program. Keep in mind that the 2008 model year vehicles have not been released as of yet, but keep visiting the site and in time the 2008 model year will be included.

The an outline of the ecoAuto Rebate Program is as follows:

The progam is applicable to anyone buying or leasing a vehicle after March 20, 2007 as long as the car you purchased is on the list.

Only cars bought or leased in Canada are eligible for the Program. If you purchased your car in the USA then you are not entitled to the rebate.

Individuals, businesses and organizations can apply under the EcoAuto Rebate Program, again as long as the vehicle bought or leased is on the list of eligible vehicles.

It's a pretty simple process however there is no indication as to how long it will take for you to receive your ecoAuto Rebate, understand however that this rebate comes directly from the Canadian Government it is not associated with the car dealership where you purchase or lease your new vehicle. You can get the forms from the Dealership where you initially purchased our vehicle or again follow the ecoAuto Rebate Program link below for all the information you need!



Source by Dennise Ryder

Magic Formula Investing to Improve Financial Returns

Magic formula investing is an effective investment method outlined by Joel Greenblatt. This technique helps to make good money within short investment period. This investment became more popular in 2009 because of its unique features and procedures. There are certain facts that need to be considered before investing in magic formula investment program.

First, all the credit card debts need to be cleared before starting this program. Higher interest rates debts and auto loan should be cleared. This formula helps to get the benefit of constant return from the investment and all the procedures are mostly based on value investment techniques. Also, this investment plan is well enhanced with different trading amounts.

Second, before implementing this program, if a person wants to fund their account, then they should create an emergency account themselves. This emergency cash funds are very helpful during unpredictable expenses such as auto repairs or medical expenses. Also, emergency account serves as a great tool to evaluate the monthly expenses.

This formula depends on many important components, but building and maintaining the right investment portfolio is the critical component. The steps for building the right portfolio are choosing stocks with minimum market capitalization of about $ 50 million or more, exclude stocks of financial and utility companies, and exclude stocks of foreign organizations.

Selecting the right stocks with minimal market capitalization can be easily realized by following few steps. First, company's annual earnings yield and return on invested capital need to be determined. The stocks should be chosen by ranking them to find stocks that are above market capitalization threshold. The ranking can be done based on return on capital and earning yields per year.

Then, one can invest in stocks that are in 20 to 30 rankings in the list. In addition, the stock's performance should be analyzed in twelve months time-frame. The highest performing stocks start accumulating 2 to 3 positions monthly in a year. Every year the portfolio requires re-balancing and this inclusion selling poor performing stocks and sometimes even high performing stocks.

Poor performance stock need to be sold before one week of the one year mark and the high performance stocks can be sold after one week from the one year mark. By systematically following these methods for about 3 to 5 years, one could easily enjoy the benefit from this investment technique. This investing method is the best turnover strategy and it is very simple to understand. This strategy is totally logical, simple, straightforward, and gives exceptional out-performance.



Source by Alex Garcia