How to travel the world in retirement without breaking the bank
Retirement means you have EXTRA to go to places that have long been on your bucket list. But now that the leading years of Earing-edrience are on the ReserView screen, it is important to enjoy your travel while preserving your wealth.
Some people may think that means cutting back on the number of vacations you take. But there are good walks you can do to walk without overdoing it.
Travel during the off-peak time of the year
Travel costs are based on supply and demand, and if you are willing to avoid the busy seasons, you can save significant money. Many vacation spots end up in high demand in the summer, as well as around the holidays, but are more affordable in the spring or early fall. (Or you should also try to avoid traveling during major holidays such as Labor Day and Memorial Day.)
Spring and fall can bring warm and comfortable weather to many vacation spots.
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Change homes and houses
You can save money by trading traditional accommodation for a home exchange or house gig. House-swiping platforms like homeexchange connect homeowners with families who move at the same time, while house-sitters platforms like trustEhousesitters can connect with hosts. If you’re going live, you can get paid to watch someone else’s belongings (and pets) for a few days in a new place.
However, you don’t get paid to be a guest. Homesteaders must balance work responsibilities with discretion. But a home stay can give you an authentic experience of how the locals live.
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Use your credit card points and loyalty programs
The best credit cards allow you to pool points when you make purchases and redeem them for flights, hotels and other travel expenses. Some cards offer better rewards for certain spending categories, so be sure to compare the rewards programs of multiple credit cards before choosing one.
Airlines and hotel companies also offer loyalty programs that can give you additional deals on frequent flyers. If you live near an airport that is an airline Hub, such as DELTA’s Hub in Atlanta or United Airlines’ in Chicago, it makes sense to book consistently with that airline, because you may have more flight options.
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Choose the right places
The travel destinations you choose also play a role in the overall cost. You’ll have to spend more on a one-week vacation in Manhattan, for example, than you would in Portugal, Mexico or Southeast Asia.
You can save a lot of money by researching hotel rates before putting money down on a luxury property. Living in a basement close to home can also save you a lot.
In short, you can travel further than you think in retirement if you are intentional about where, when and how you travel.
