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How to avoid unforeseen travel costs on vacation

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    Trae Bodge on how to get the most out of your summer travels without draining your savings

  • Duration 5:22
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And a with trade bus travel expert and senior writer and editor for -- tell me not dot -- insider.

Magazine.

Thanks for having me where we don't.

A good question and I'm here to your point about saving what we found actually -- a study was -- us.

And a lot of people -- have not saved for their vacations yet they do you intend to go away 75% of them and absolutely.

Absolutely so I was excited to hear the people were planning to go way but a little bit concerned that they hadn't saved in advance.

And they're intending to spend a thousand dollars a person on the -- So I want won't get to the money but not just back to -- why we're going away you know it's.

It's kind of an is is because we're sick and vacation.

I think so.

Yeah I think this vacation was cool and interesting for a little while -- people want to go into the road and go some place -- -- end to go to that what we're spending.

Some people are saying even spend a thousand dollars per family member on vacation her family member organize was -- nice man really high.

I guess if you factor in international -- -- gators I'm here so yes 32% of adults according to this poll plan to -- mount lines per family member and and nearly a third of Americans -- -- for vacation using their credit.

Hi yes and that was another plane I was really concerned about I I wouldn't want to miles.

May be -- and a and I know there's an advantage there but you know how long it takes to pay off of 4000 dollar trip right a look at your vacation ends up being so much more expensive than you anticipated.

Right right it's fun -- you give any indication now of of what the intent is -- before the credit and paying for vacation credit card.

I'm not sure I mean but you know given standard consumer habits and how long it does take people to pay off larger charges.

And I'm very concerned by that and I I really hope that we can encourage people to save in advance a little bad.

Sit down their spouse and make -- -- make a decision about how much you actually tense and -- worked -- -- -- budget estimated patients to frog campaign lower gasoline prices have anything to do with us awhile you know what I'm actually encouraged by the lower gasoline prices because it does give us the opportunity to take a road trip with the very least if your budgets tight.

Gas prices are low you could absolutely hop on the eroding gopher chat and -- in predicting the numbers for for this fourth of July holiday they do.

Say they're going to be ample of it.

Yup and you know when you're on the road and you're looking to save when -- out about it mean apps like gas buddy will help you find the cheapest gas -- -- So that's a great way to save for maybe going in your compact car instead of your -- TV -- -- PG is a big deal in the -- you know bigger cars -- up a lot of -- right.

Right.

And that tell me about it.

How men and women like ten vacation will be different and yes they definitely do in the manner actually twice as likely to splurge on a vacation day and a woman says that -- that you know of what I've been talking about it with people and and sort of the general consensus is is that women are actually still a little bit more in tune with the -- -- household expenses.

So like -- sad ending sit down with your spouse and discuss what you really can do.

And then work within that budget.

Yet that's so interesting is our first guest IE bond.

When it comes to know how to save money out of seven vehicle -- in which you can do that -- -- at the same time.

-- because they typically and historically have done more of that household -- and a tour is they know how much money to spend only be so they like within the models leveraging it they've paid and they -- it went into much that's really interesting.

But then again when Angela by the -- -- them.

-- some talk -- and and love this that nearly one in ten men plans to spend at least 5000 dollars -- profound human.

Perfume remember where men where we find him -- they go -- -- -- you know they have kids and -- -- me break up on their vacation them and yeah.

I -- not profound -- around me in the area taking exactly that's tremendous okay so outside of transportation and hotel caught.

Where we think we're spending our money and food and drinks you know people are are booking the flights and hotel and all of that and they're getting to their destination in their spending a lot of food and drinks and so you know have a -- a couple words of advice there.

Mom you know if you're.

Your booking within your budget as it is you don't wanna go over.

Try to book -- all inclusive someplace that you know feeds you mean did you drinks at the end of the day.

Also may offer few excursions all wrapped up into that -- that we don't call for budget when you're traveling.

Okay and how about the hotels in terms of -- seeing big discounts -- they you know last summer there was a problem.

I mean -- -- couldn't sell all of their rooms right so.

I mean as a consumer you could get really good discounts -- -- -- we.

Are you know -- that's an interesting point because airfares there's very little wiggle room because you know it's still really expensive to fly.

They can keep planes on the ground -- a hotel.

-- -- they can't closed floor.

Right -- chairman -- have around and not be united -- something honest and not that great exactly I mean I spoke to someone at Priceline and they were telling me about the so that that was so interesting you know at the hotel really -- itself.

And so they can offer great deals and so what we found that we tell me not is on her daughter travel PG confront some great deals at these things package deals a -- where slate.

And and hotel to -- you -- suspense substantially 200 dollars.

Per week vacation you could say thank you so much you with recounting mountain which is showing a website -- but thank you so much for my pleasure.