Welcome to another new feature at Barbara Friedberg Personal Finance, “Quick Personal Finance Tip.” This feature gives you access to quick tips to further your financial goals. Look for these tips periodically. Better yet, pick up my RSS feed and follow me on twitter so you get the word immediately.  

 This month we traveled to San Francisco and Cincinnati, next month we are off to Michigan. It’s not unusual for El Carino and me to travel multiple times each year, in the U.S.A. and internationally.  Although much of the travel is reimbursed as well as compensated, we still attempt to minimize our costs. This article will cover two of the largest travel expenses, food and transportation, as well as ways to prolong the memory.

Food: Cut Your Costs

You can spend well over $100 per day per person on food or you can eat cheap. After years of travel these are some strategies for eating well for less: 

  • Stay at a hotel which includes breakfast in the room cost. Then eat a LARGE breakfast.
  • Can’t secure a room with breakfast? Stop by a grocery to pick up breakfast items for the following morning. We usually go for a muffin and fruit. With in room coffee, the cost is minimal.
  • In U.S.A., drink tap water. There is no need to buy water! Both in the room and at restaurants, forgoe paying for drinks.
  • What about alcohol? Don’t order a drink in a bar or restaurant-way too expensive. Pick up some of your favorite drink fixings and have them in your room! (Make sure not to overindulge and trash the room :))
  • Want a fancy meal? Try the exclusive restaurant for LUNCH where prices are lower than at dinner.
  • Bring snacks from home; granola bars, raisins, candy, small cereal boxes. When hunger hits you won’t have to shell out the big bucks for a treat.

Transportation: Keep Fit and WALK 

  • Cabs can really add up when traveling. Try other methods of transportation to keep costs low.
  • Walking is an awesome way to experience the environment, get exercise, and save money.
  • Tour or not? Why not avoid the high tour bus fees, take public transport to the sites and buy a guide book for extra color.
  • Rent a bike. In San Fransisco you can bike all over and return the bike to various locations.
  • Share a cab. We met a family at the airport staying at our hotel and shared a cab and saved 50%.
  • Traveling by air? Forget checking your bags, fees are out of site, bring 2 carry-ons and pack light.

More Tips to Cut Costs and Add to the Fun

  • Bring a camera/videocamera and extra batteries. Make your photos into a book and relive the trip through the pictures. Create a DVD to experience the trip.
  • Buy a reminder souvenire. I collect magnets and every time I look at my collection, I remember fondly my travels.
  • Pack light, less stuff to drag you down.

image credit: thebluewhale 

What are your favorite travel tips? 



Here are some articles I’ve enjoyed over the past several weeks: 

  • Modern Tightwad showed a great video called, How to Spend Less on Vacation
  • Personal Dividends writes Make Money Blogging and looks at the decision to write for herself versus writing for others.
  • Oblivious investor writes Follow the Money; Evaluating Financial Advice. If you’re looking for an advisor, do not miss this article.
  • At Wise bread, David Ning writes 5 Ways Everyone Can Make More Money. I’m a sucker for these money making articles!
  • Get Rich Slowly. It seems silly to post an “about” page in a round up, but the succinct tips are so good that I wish I had written them.
  • Hope to Prosper warns, Watch Out for Walmart Credit Cards. Just because they’re from Walmart, does not mean they are a good value.
  • Continuing on the Walmart theme, First Gen American writes Things that Walmart does Well.
  • Read about Investing for Chicks at the newly updated and beautifully formatted Single Mom Rich Mom.
  • I’ve got 2 from Squirrelers. First, check out the Thanksgiving Giveaway Contest and Getting Fired Up While Learning the Secrets of Millionaires. 
  • Inexpensively gives you, fresh from the BATHROOM; Personal Finance Lessons from your Toilet Paper Roll. 
  • I love quotes and this Investing-School post has some good ones;52 Must Read Quotes from Legendary Investor, Warren Buffett.
  • More money anyone? Financially Poor has 3 Ways to Supplement your income with online earnings.
  • Interesting take on how much you really need for retirement at Financial Samurai; How Much you Need to Retire and Never Have to Worry Again. 
  • Anyone who wants to improve themselves will benefit from Erica.biz; Hone how you sell yourself! 
  • Personal Dividends writes Make Money Blogging and looks at the decision to write for herself versus writing for others.
  • Retire by Forty lends insight into his budget with a great Money Flowchart.
  • Beating the Index wrote about a Worker Shortage in the Energy Sector. Any news of jobs is good news!

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