Tag: travel

7 Save Cash Travel Tips

7 Save Cash Travel Tips

Whether you’re heading on a once-in-a-lifetime island adventure, budget backpacking in a foreign country, or just heading on a road trip with your squad, doing some financial prep ahead of time can save you major cash on your trip. While you know how to compare fares, travel during less busy days (FYI, according to Expedia, book your trip on a Sunday, and fly out on a Thursday or Friday to find the best deals) and cost compare hotels, these 7 save cash travel tips will help keep you from coming home broke as a joke.

1 – Make the Most of Your Miles

Unless you’re traveling a bunch for work, it doesn’t make sense to get a credit card that’s only exclusive to one airline. The best travel cards are the ones where miles can transfer easily between carriers. Take a look at the Chase Sapphire Preferred Card; points transfer across different carriers and hotel chains. Bonus:

2 – Be Smart About ATMs

Using a foreign ATM can lead to costly fees, and can make you vulnerable to identity theft. First, bring along a debit card that doesn’t charge foreign transaction fees; frequent travelers recommend that you use a card??which reimburses ATM fees world wide*. Second, only use your debit card at an open bank, not an ATM on a street corner, so someone can help if the exchange goes awry. (There’s nothing worse than watching your debit card be eaten by a foreign ATM on a national holiday in Italy, when all banks are closed. I speak from experience — it can and does happen, and it’s awful.) Finally, take out the equivalent of $100 or $200, depending on where you’re staying, and only use the cash at a place that won’t take plastic.

Related:? 5 Ways to Free Up Cash Without a Side Gig

3 – Use Your Credit Card Exclusively

Not only does using a credit card protect your cash, but since you’re also spending a lot of money in a short amount of time, it’s an easy way to rack up rewards?points for your next trip.

4 – Go Budget

European carriers like Iceland Air, Air Berlin, and Norwegian Air don’t always appear on major travel comparison websites, but can offer lower-cost fares. Look into these airlines to see if one runs in your area.

5 – Hit Up a Hostel

No, really! More than just a place for college-age backpackers to hang out, hostels have been going high-end, complete with private rooms, on-site bars, and pools. They’re still less luxe (and less pricey) than a hotel, but it’s not like you have to hang out in a bunk. HostelWorld is a great place to comparison shop.

6 – Time It Right

Want to get out of here, ASAP, and are flexible on when and where you’re heading? Hopper has a flight tonight option; Last Minute Travel offers hotel package options. Secret Flying and The Flight Deal alert subscribers to ultra-cheap airfares.

7 – Use Social Media

Before your trip, follow must-see attractions on social media, where often special deals are announced. Also, excited to stay at a certain hotel? Tweet your anticipation. It doesn’t always work, but sometimes, social media account managers recognize your loyalty and will throw some perks your way.

Related:? Why We Love Rules of Thumb…Even Though They Suck


*All ATM withdrawal fees will be waived for your Aspiration Summit Account. In addition, your account will automatically be reimbursed for all ATM fees charged by other institutions while using an Aspiration Debit Card linked to your account at any ATM displaying the Mastercard?, Interlink?, Cirrus?, or Maestro? logos. The reimbursement will be credited to the account the same day the ATM fee is debited from the account. Please note, there is a foreign transaction fee of one percent that is not waived, which will be included in the amount charged to your account.

Photo:? Mantas Hesthaven

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How Much Can I Make as an Airbnb Host? (And should I do it?)

Do Well…

According to Priceonomics, an Airbnb side gig will earn you more money than any other side gig. Hosts make an average of $924 per month. That’s three times greater than any of the other side gigs platforms out there such as Fivver, Upwork and Taskrabbit.

The amount you can earn varies widely: from $200 to $10,000 per month. But the average is $924 per month and the median is $440 per month. My friend covers her vacation home mortgage by renting it out on Airbnb when she isn’t using it. Not bad.

…and Do Good

You know what else is nice about becoming an Airbnb host? You help promote global trust through people-to-people connection and reduce the global carbon footprint by sharing an important resource – your home. Instead of building yet another mega-hotel, wouldn’t it be nice if we became (and supported) mini-hoteliers and earned money in the process? If you’re thinking about starting an Airbnb side gig, here’s a quick start-up guide.

Related content: 7 Ways to Make your Home a Sustainable Source of Income

What is Airbnb?

Airbnb is an online marketplace that helps over 6 million people a year find accommodations in over 90 countries? without using hotels. As a direct example of the sharing economy and reputation economics, Airbnb helps clients find accommodation tailored to their needs around the globe, and hosts find dependable clients to rent their spaces.

Whether you’re looking for a mountain house in the deep countryside of Japan or a penthouse in London, you can probably find it on Airbnb. If you become an Airbnb host, you can participate in the sharing economy and make some side cash.?

How Airbnb improves the travel experience

As a traveler, Airbnb can make your experience:

  • Unique. Rather than the cookie cutter hotel room, you can live locally and find interesting places to stay.
  • Affordable. Being able to rent a house can mean the difference between being able to travel or not for a family of four.
  • Localized. You will have a local contact (your host). Although the quality of the host varies, they can help you interact locally and add color to your experience.
  • Customized. Want to stay on a boat or a tree house? Just looking for a small room to crash in a large city? You can probably find it.
  • Roomy. In many places you will can have access to a kitchen and cut down on your eating expenses as well as enjoy the local shopping experience.
  • Pet friendly. If you travel with your pets, you may be able to find pet friendly accommodation.
  • Convenient. Airbnb is easy to use. Just sign up, search and book.

Should you become an Airbnb host?

Do you have an extra room that never gets used? Are you gone on business frequently? Have your kids moved out? Instead of letting your extra space go to waste, you can use it for extra income. Airbnb is an easy platform that helps you turn unused space into dollars. You can rent your house, apartment, couch, air bed or even tent.

AirBnB reaches a huge audience to share your space with. They offer several protections against loss. Here are some benefits to starting your Airbnb side gig:

  1. $1,000,000 Host Guarantee: insurance in case of damage to your property.
  2. $1,000,000 Host Protection: liability insurance should a guest get injured on your property or cause damage or injury to others.
  3. Trust:?all travelers must submit a photo and verify their email and phone. Hosts can also require a government issued ID. As both guests and hosts submit reviews after check out, the ecosystem maintains foster accountability for all.

How do you become an Airbnb host?

1. Create Your Listing

Describe your space, include how many guests you can hold and upload photos. You can use Airbnb’s convenient pricing tool to help you determine a comprable competitive rate, but ultimately what you charge is up to you.

2. Welcome your guests

Get to know your guests on the Airbnb messenger platform before they arrive. Prepare your rental with fresh sheets and towels. Leave instructions with logistics (WiFi passwords, parking instructions, etc.) Meet them with the key or send them a door lock code. Many hosts like to go the extra mile by including a list of local restaurants, grocery stories, or activities.

3. Get Paid

Guests pay before arrival. You are immediately paid via Airbnb’s platform less their 3% fee. Payments can be made through Paypal, direct deposit, or other specified means.

Tips:? Become an Airbnb host that delivers…

  • Before you promote your property, do an honest assessment of exactly what you have to offer. Why should they stay at your place?
  • Include beautiful photos. Remember that Airbnb started as a visual platform, designed by designers. Be sure to include beautiful photos that realistically represent your place and environment.
  • Be honest with your host profile. People that want to use your space will seek it and that’s what you want. Avoid misleading people!
  • Determine what you can do to promote your property listing:? geographic location, amenities, your commitment as a host.
  • Set a minimum stay requirement to make it easier on yourself. All the clean up for one night is not always worth it . ?
  • Avoid automatic booking. While Airbnb does an initial check, you want to have the final say on who stays in your space.
  • Be aware that Airbnb reports all your money to the the IRS. Make sure you talk to your tax professional and understand the process.
  • Be sure to check into your HOA, neighborhood and city rules. Some jurisdictions do not allow short term rentals.
  • Reply to client inquiries immediately because response time will affect your rankings.

Bottom line:? Your ratings and rankings will dictate your popularity. This is reputation economics so make sure to keep your guests happy and you will continue to receive bookings.

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The Week’s Best Money Reads

ICYMI: This week’s best personal finance and career posts from around the web.

3 Airfare Hacks for the Committed Penny-Pincher — NY Times

It’s a gamble, but booking airfare the day before – day of — your trip can cut flights costs in half.

Hotel Bookings at Donald Trump’s Hotels Are Way Down — Time?

Too bad, so sad.

Better Than a Raise: How Companies Are Giving Employees More Money — CNBC

Your financial wellness can be just as important to your boss as your health.

This Is Why Loaning Money To Your Significant Other Is Never A Good Idea — Elite Daily

As if.

Will Switzerland give every adult $2,500 a month? –CNN

Plus, it’s untaxed and unconditional. *Checks flights to Switzerland*

 

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