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Aug 02

Five tips on how to save money on your next road trip

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Summer is the perfect time to get out and hit the road. Put the windows down, turn the music up, and enjoy the lure of the open road! Summer road trips are hugely popular vacation choices that are fun for the whole family.

 

Benefits of Road Trips

When you’re considering your summer vacation plans, give a thought to the many emotional and mental health benefits of road tripping. Experts cite a number of good results from a road trip, including improvements in:

  • Mental clarity
  • Relaxation
  • Curiosity
  • Self-reliance
  • Patience

Road trips encourage you to embrace the unexpected and be open to new possibilities. You’re not chained to an airline schedule or a fixed itinerary. Want to explore the little side road? Stop at the cool roadside café? Browse through the shops on the main street? Linger at the scenic lookout? Go ahead! You’re in charge and can make your trip what you like.

Your road trip can be as short as exploring your region or as large as crossing the entire country or even going into different countries. Make it your own trip and you’ll have memories to last a lifetime. There are even documented health benefits that go with road-tripping!

 

Five Tips on How to Save Money for Your Road Trip

As you start planning your trip, you’ll want to consider how you’ll pay for the gas, lodging, meals, and incidentals that you’ll need.

  1. Start saving early. If you can start setting aside money from each paycheck in the months leading up to your road trip, you’ll be pleasantly surprised at the amount you can amass. Have it routed directly from your paycheck into a savings account so you won’t be tempted to spend it. Even $50 a month can go a long way.
  2. Pack a cooler. Exploring all the new restaurants on the road is part of the fun, but eating every meal at a cafe or restaurant can add up. If you can self-cater your lunch or breakfast, you’ll have a lot more to spend on more elaborate dinners. Bring a small cooler and ice and stock up at the grocery store on cheap and portable snack and lunch foods: cheese, hard-boiled eggs, fruit, crackers, peanut butter, etc.
  3. Rent a vehicle. Renting a car can save wear and tear on your own vehicle and can ensure that you won’t need any repairs on the road. Nearby car rental companies can help you select the best vehicle for your trip, whether you want a sedan, an economy size, a luxury car, or a van that can fit the whole family.
  4. Explore different lodging options. On a road trip, you are absolutely not limited to expensive hotels. Check out Airbnb arrangements, private and public campsites, or even in a pinch, you can possibly sleep in your van in a parking lot.
  5. Use reward programs. Experts say that redeeming your credit card points for lodging and attractions or joining a gas reward program can save you significant money while you’re on the road.

So this summer pick a direction, grab some friends, and head out on your next road trip adventure! It will be a trip to remember.

 

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.

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