Keeping Up With The Bulls

A personal finance blog focused on making more money, saving money and smart spending.

  • Start Here
    • Start Here Latest Posts
    • Personal Finance Terms to Know
    • Money in Your 20s
    • Saving Money Tips
  • Career
    • Career Latest Posts
    • Advance Your Career
    • Corporate Benefits
  • Investing
    • Invest Latest Posts
    • Passive investing
    • Invest in startups
    • Retirement
  • Smart Spending
    • Smart Spending Latest Posts
    • Saving Money Tips
    • Housing
    • Food
    • Holidays
    • Wedding Guest
    • Wedding
  • Tools
    • Tools and Resources Latest Posts
  • Contact

5 Travel Hacks To Save Money

04.07.2019 by admin // 7 Comments

Travel hacks to save money

Travel is amazing but it can also be expensive. Using travel hacks to save money will enable you to travel without breaking the bank. You don’t have to be frugal to save money. You can still stay in nice places, eat nice meals and not miss out on experiences because of the cost. I’ve switched my mentality to “this may be the only time I’m ever able to go to this destination” and every time I go somewhere, I try to take full advantage. I’ve realized there are too many great places to go and too little time to see them all so I make sure when I travel, I do it right. Below are 5 travel hacks to save money.

Save Money on Transportation To and From Your Destination

If I can only get away for a few days, I look at where there are nice places to go within driving distance. Driving is cheaper than flying, but at a certain point if you only have a certain amount of time for vacation and a flight can get you there in two hours compared to ten hours of driving, take the flight.

Waiting to buy airfare can end up costing you hundreds of dollars. Don’t waste your time continuously checking sites though – automate it! Set alerts on Hopper if you know exactly what destination you’re going to and when. Don’t know where or when you want to go somewhere yet? Use Google Flights. Pick the time you want to travel and Google Flights will show you how much airfare will cost to a variety of places for that time period. You can also pick flexible schedules and Google will show you the cheapest time to travel.

There has also been research done to help you find the perfect booking window based on where you’re traveling to save the most amount of money on your flight.

Save Money on Ground Transportation At Your Destination

When you get to your destination, know your local transportation options. Getting a hotel in close proximity of everything may be cheaper than renting a car or getting a taxi / Uber as you can walk everywhere. Many hotels also charge fees to park. If you do have to rent a car, does your company offer a discount code for personal travel? Are there local buses and trains that don’t add too much extra time to get from point A to point B?

Save Money on Lodging

Staying with family and friends will always be the cheapest. Staying at a hostel is a close second. If you don’t want to impose or you’d like a nicer option there are still ways to save on lodging. If you’re going with a group, renting a house will be the cheapest. You’ll get the personal space you want and you’ll be able to split the house multiple ways. If you’d like to stay at a hotel or resort, don’t fret. Do you have friends or family that work at a hotel? Some hotels offer friends and family discounts as one of their employee benefits. Have you ever looked into whether your company offers discounts on personal travel? Some companies have offer codes you can use to get a corporate discount for your personal travel.

Save Money By Using Credit Card, Hotel and Flight Points

There are loyalty programs where you can earn points and redeem them for travel. Most airlines, hotels and car rental companies have loyalty programs where you can sign up for free. Usually you have to have some activity in a certain time period or else you lose the points. Where you can, try to standardize on a one hotel chain, one airline and one car rental company so you can get status and get additional perks. However, if this is the more expensive option or increases inconvenience choose what is best. I usually buy airline tickets until I get status for the year and then I redeem my points for travel after I hit that.

Another way to pay for travel with points is to get a travel friendly credit card. You’re always going to have bills to pay and expenses, why not put it on a credit card which will give you points to redeem on travel?

Save Time Planning Travel

Planning a trip can take hours over the course of weeks. You always have the option to pay a travel agent. If you don’t want to pay anyone, ask on social media if anyone has recommendations for where you are going. Reach out to friends that have been to that destination before and ask for their itinerary. If your friends have very similar taste, you’ll be able to copy the majority of their trip and have a great time.

Learn about more ways to save time and money in 5 Ways You’re Wasting Money And How To Fix It.

travel hacks to save money, save money on travel

Categories // Smart Spending Tags // Saving Money Tips

5 Ways You’re Wasting Money… And How To Fix It

03.17.2019 by admin // 13 Comments

wasting money, save money, wasting money on travel, wasting money on food, save money on food, save money on travel

As important as it is to increase your income, it’s always important to keep a watchful eye on your spending. As your income increases, it’s easy to have lifestyle creep, or lifestyle inflation, and buying the nicer purse, the nicer vacation and before you know it the more expensive items like a nicer car and nicer house.

What isn’t talked about as often with lifestyle creep is as your income increases the demands of your time also tend to increase. When you get those salary increases at work it’s usually accompanied by increased responsibilities which tend to increase hours and work travel. Or, maybe you don’t have a salary increase but you have responsibilities that increase at home like having kids.

In either scenario, gone are the days where you have a ton of time to shop around and get the best deal, keep a watchful eye on prices and plan trips months in advance. All of a sudden a commitment (wedding, planned travel, birthday) is right around the corner and you’re forced to spend more money because you’ve waited until the last minute. It’s not that you’re buying more expensive things, it’s that you don’t have time to get the best price for the same things you’ve always purchased. Here are ways you’re spending too much money on travel, food, clothing, gifts and transportation and how to fix it.

Save Money On Travel

You know you want to take a vacation somewhere, but aren’t sure where and aren’t sure when. Or, you know you have a trip but may not be sure what your schedule is like around that trip (like, if you have to travel for work) so you hold off on buying the ticket. This pivot from planning ahead to waiting until the last minute recently has cost me close to $200 more per domestic roundtrip flight because I waited to purchase the ticket. Prior to this, I was still purchasing in advance but found out I had to travel and then literally had my work trip flight landing an hour before I was supposed to take off for my vacation flight instead of just flying from my work commitment to vacation.

How to fix it: Work with your team at work to understand deadlines and busy periods so you have a better idea of when you’ll definitely be able to travel and exactly when you’ll have to travel for work. For example, if you meet with a customer once every few months, can you schedule the year in advance and have a quarterly schedule on the calendar? Instead of traveling in person to meet with your entire team face to face can you arrange a video conference? Then, once you know when you’ll be traveling, leverage sites like Google Flights and Hopper to find the best prices and set up price alerts so you don’t forget to book early on.

See Also: 5 Travel Hacks to Save Time and Money

Save Money On Food

It is so easy to come home after a long day of work, open the fridge and realize either nothing appeals to you or the things in your fridge together do not make a complete meal. You’re then forced to: A) Go out to eat or B) order in. Especially when you live in a city surrounded by great food it’s hard to convince yourself to eat what you see in front of you. It’s also easy to wake up and grab breakfast or lunch out instead of making breakfast at home and packing a lunch with you to work. Doing this can cost you thousands of dollars extra a year.

How to Fix This: Meal Prep and planning. Start small as if you try to do everything at once you’ll probably go back to your old habits pretty quickly. Maybe it’ll just be bringing lunch twice a week or planning two dinners a week. Even preparing for a few meals a week and creating a list for those meals (with the exact quantities you need) before you go to the grocery store will save you money. Over time, you can expand this to more meals and then get more organized (for example if one recipe calls for only half a can or a pinch of something have another meal that’s able to use that same ingredient). If there are certain recipes you find you like, print them and put them in a binder or pin them in a board on Pinterest. That way, when you don’t have time to think much about what you should make for the week ahead you can go to that one spot and get ideas. See Meal Prep Ideas to Save Time and Money for recipe ideas.

Save Money On Clothing

How often do you realize that in a few days you have something coming up and you have *nothing* to wear? Then, you have to race to go shopping and are either stuck with something you don’t love or you pay way more than you wanted to or both. You may have been able to save $50-$150 or more if you had just planned earlier!

How to fix it: Learn more about capsule wardrobes and focus on building one so you always have something to wear no matter what comes up. If you’re always invited to multiple weddings a year, have accessories and shoes that will go with any dress.

Save Money Buying Gifts

Does all the gift buying of your household fall on you? It’ll seem like every other day there is a birthday or holiday that approached must faster than you thought it would and you’re racing to the nearest store to get something. Especially if you’re in the city, you’ll pay a lot more than if you just planned ahead.

How to fix it: Even if you can’t plan far ahead, if you can at least make the Amazon Prime shipping window you should be able to find plenty of good deals. If there are certain event you always have to buy gifts for (for example newborns or 1 year old birthdays) buy a bunch of stuffed animals and bows when a store is having a sale. You know you’ll need it at some point and can then just pick a gift from your stash.

Save Money On Transportation In The City

In most cities there are a lot of options available to spend little on transportation. Options like walking, biking, public bus and public train. But, most take longer and when you’re running late or don’t feel like looking up public transportation routes it’s very easy to click a button in an app now and order an Uber / Lyft. Even when a trip is only $10, it can add up very quickly, especially if you’re visiting a city and going to many places the same day.

How to Fix It: Plan your day so you can at least group things together. Know how long alternate transportation like walking or the train will take and make sure to leave your house / hotel on time. Look into the time difference between walking or driving. It’ll be easier to walk or take the train when it doesn’t take much longer. If by car it takes 10 minutes and by train it takes 40 minutes, a better option may be to use Uber Pool and only add a few more minutes to your trip verse 30.

What are tricks you’ve learned to save money on travel, food, clothing, presents and transportation? When you’re running short on time, where do you tend to waste money?

Categories // Smart Spending Tags // Saving Money Tips

5 Little Known Health Insurance Benefits

02.18.2019 by admin // 2 Comments

Peloton Insurance Reimbursement - one health insurance benefit is peloton fitness reimbursement, peloton health insurance

Sure you use your health insurance when you go to the doctor, but did you know some corporations have expanded beyond the usual coverage? Health insurance benefits has now expanded to help you stay healthy before you actually get sick. Some corporations also now offer wellness benefits like fitness reimbursements. Below are a few extra perks your health insurance may offer.

Fitness Reimbursements

Certain corporations offer wellness benefits sometimes to the tune of thousands of dollars! These wellness benefits are no longer limited to traditional gyms and even includes Peloton insurance reimbursement! The fitness reimbursement can include classes such as yoga and spin, fitness trackers, and core training equipment. Ours even covers Peloton bikes and the Peloton subscription! We also found that we could get up to $200 toward a fitness tracker, including Apple Watch. Check your plan to see what is covered before you spend money on a Peloton, FitBit, gym membership or other fitness related item. If you’re not sure what is covered, go to your fitness reimbursement plan provider. In your account, look for a fitness reimbursement account FAQ document. The fitness reimbursement account FAQ will clearly outline what is eligible and what is not eligible. Exercising regularly is a great way to stay healthier and avoid trips to the doctor as well.

Gym Discounts

In addition to fitness reimbursements, some health insurance companies and corporations have negotiated discounts directly with gyms and athletic clubs. These discounts are on top of the fitness reimbursement and help reduce the cost of going to the gym even further. If you aren’t sure if you are eligible for a discount at your local gym, ask them. Even if there is no discount available to you today, ask if they are open to discounts with local companies. There is always an opportunity to help your company negotiate the discount.

Acupuncture Coverage

Some health insurance plans have been expanded to include acupuncture. Acupuncture has been shown to improve your wellness. This includes reduced stress, reduced physical pain and improved allergy relief. My health insurance covers about 20 acupuncture treatments per year and I am charged only a co-pay of $50 / visit.

Dermatologist

Over the counter skin creams including anti-aging creams all claim great results at a high price point, but did you know that you could save money on skin care by going to a dermatologist? My dermatologist prescribed Retin-A which helps with skin aging and acne and with my insurance, the generic costs $8 and lasts about 3 months. Way cheaper than the $50+ per small tube of anti-aging cream at Sephora. In addition, we’ve found a skin care regimen that I stick to, saving money and eliminating the distracting ads on the latest skincare crazes. A dermatologist is considered a specialist, so standard co-pays apply.

Employee Assistance Program

Another benefit some health insurance plans offer is 24/7 access to unlimited phone consultations and eight free sessions per issue per year with EAP counselors. From there, some health insurance plan include in-network coverage where PPO members pay a $20 co-pay per visit.

BONUS: HSA / FSA Eligible Items

You know your doctors visits and prescriptions are eligible to be reimbursed by your HSA and FSA accounts, but did you know what else you can buy with these accounts? This is especially helpful if you have too much money to roll over in your FSA at the end of the year and you have to use it or lose it. Bandaids, Advil and sunscreen are examples of items that are not prescription but can be bought with FSA funds.

FSA store has a full list of FSA eligible items. They also note that medical face masks require a letter of medical necessity to be FSA eligible. Not all HSAs are the same, but here is a comprehensive list of HSA eligible items.

Additional HSA / FSA Eligible Items in the CARES Act

Did you know that the CARES Act passed in Spring 2020 in the United States expanded what you can use FSA and HSA funds? This act temporarily allows people to use FSA dollars to buy over the counter medications such as allergy relief drugs and pain relievers and feminine hygiene products. As of December 2022 these items are still eligible!

What little known health insurance benefits have you found?

Peloton insurance reimbursement, peloton health insurance, peloton fitness reimbursement

Categories // Smart Spending Tags // Corporate Benefits, Saving Money Tips

  • « Previous Page
  • 1
  • …
  • 3
  • 4
  • 5
  • 6
  • Next Page »

Search Blog Posts

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Recent Posts

  • 2023 Roth IRA Rules: What You Need to Know February 2, 2023
  • Affordable Self-Care: Cheap and Easy Ways to Take Care of Yourself January 31, 2023
  • Why Learning to Code is a Valuable Investment for Your Career and Future January 24, 2023
  • Unlocking the Potential of the Mega Backdoor Roth 401(k): A Comprehensive Overview January 17, 2023
  • How to Buy Treasury Bills at Charles Schwab January 10, 2023

Follow Us

  • Twitter
  • Pinterest

Copyright © 2023 · Modern Studio Pro on Genesis Framework · WordPress · Log in