8 Holiday Tips for Money-Savvy Retirees

This article contains ideas for retirees to make sure their holiday getaways (and vacations) are fun and don’t break the bank by saving money and planning.

Even when you’re retired, sometimes you want to “get away from it all”. Time away from home and time to be with family is essential to everyone, even if you don’t work. Today many retirees work part-time jobs – to make ends meet each month, to have a little extra to buy gifts for the grandkids, and for traveling and vacations. This is especially true of money-savvy retirees.

Here are some tips to make sure your holiday / vacation is the best you can make it, whether you work a part-time job or not.

Set a Budget

Don’t go anywhere or do anything without setting a budget and being aware of the budget. There is no shame in not doing something because it’s not in your budget. Do some research first so that you know for sure that your budget is realistic so that you can still have a good time.

Use Cash

Once you set the budget, try using cash. If you go out to dinner with cash, you’re much more likely to stay mindful of the cost. When you use debit cards and credit cards, it’s too easy not to see it as money. (The same is true when shopping for Christmas, birthdays and anniversaries.)

Stay Longer

Did you know that when you rent rooms, especially via Airbnb.com, you get a discount for staying longer. Renting a place long term or using your motor home means you’ll pay less per night and you can then take your time enjoying everything without rushing.

Consider Alternative Forms of Travel

Going by RV, travel van, train, bus, and then staying in an Airbnb or other types of accommodation that are different from what you are typically used to doing, can be entertaining and also less expensive.

Get Out of the Country

It might be less expensive than you think to travel across the ocean or to a neighboring country. If you go to a location off-season, you’ll likely get deep discounts.

Go Last Minute

You can sign up for last-minute travel deals. You never have to decide anything except your budget in advance. Live a little and choose a last-minute deal that fits your budget. It really can help you save money.

Look for Discounts

Seniors can get discounts through a variety of methods, from club membership to just asking. Look at your credit cards, memberships, and so forth to find out if you can get extra discounts.

Find Volunteer Opportunities

If you really cannot afford to travel because you’re saving more money for something, but you still want to go on a holiday, why not look for volunteer opportunities. You might be able to find a cruise with a deep discount – or even free – if you have expertise in a subject and are willing to do education lectures for other passengers. You might be surprised at the deals you find.

Main Takeaway?

The main takeaway is that you want to plan any type of trip you go on. If you’re spending it with family and need to bring gifts, all that needs to be taken into consideration. If you plan for the vacation, it won’t break the bank. You don’t have to do everything on one trip because you can always go back and do more next time.