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5 Tips For Couples Travelling on a Budget

couples travelling, travelling couples on a budget, budget traveling

woman reading travel mag(Guest post by Janine)

Travelling together can be very stressful when it comes to handling money. Here’s some go-to tips for couples traveling this summer on a budget. Don’t let your wallet or the heat hold you back!

1. Be Smart When Shopping

Some couples, when they are out traveling, fall under the spell of souvenir shops. Should you enter one of these establishments, you need to be strong about your funds. Do you really need to use your Aeroplan credit cards to get a snow globe to commemorate your trip? Do you need a stuffed animal with the name of the destination sewn on its stomach? While it’s fine to get a few things, you should think about how much space you have on the car or plane, and what will happen once you get home. If you think the items will simply get thrown into a closet, you are wasting your money and time.

2. Don’t Wait

There are certain times of the year, such as summer, when waiting until the last minute to make any bookings is a poor decision. The more people that are going on vacation or simply taking a trip, the less likely it is that there will be a lot to choose from when it comes to what you want. The moment you decide what your travel destination is going to be, quickly choose your accommodations. If you don’t, chances are you won’t get what you want. In addition to this, you may also have to pay more, ruining your budget. This isn’t to say you should choose something two hours after reaching a decision; however, two months later isn’t something to attempt.

3. Look for Special Packages

In order to encourage more people to come to their park or other establishment, some companies will offer special packages. These special packages might offer a discount on hotel stay, airplane fare, dining options and so on. Instead of staying for a few days, it could end up cheaper to stay for a whole week, or the other way around. In the end, it really comes down to your preferences and budget.

4. Drive

Many people believe they should always fly when they want to get some traveling done. What they may not realize is that flying is probably the most expensive option they could have chosen. In a number of cases, driving to the destination is much cheaper. On top of this, you and your special somebody can take in the local culture and see the sights as you go down the road. This can prove a lot more meaningful and memorable than sitting in a plane.

5. Be Flexible With Plans

Is it absolutely necessary that you go on your trip during a specific week or month during the year? Are you open to changing these plans? There are certain times during the year when your couple’s vacation destination will prove cheaper. This might be because fewer people are coming to visit, and the lessening in demand allows for the lowering of prices. If you are willing to change around your vacation date, you could end up saving a significant amount of money. The fewer crowds also allow for a more romantic and private atmosphere. This should be kept in mind.

Happy travels!

———–
Janine is a frugal traveler who has ventured to many parts of the world with her hubby, including Europe
and Asia.

Photo by Duncan~

Financial Truth or Dare

financial truth or dare, financial game, financial fun games

blindfolded

Good Morning DINKS! For those of you who are following us on Twitter @dinks_finance you know that we have started Financial Truth or Dare game.  Every so often we ask you to be honest about your finances, or we dare you to try something outrageous with your money.  It’s fun and it lets us try new experiences. For those of you who don’t have the chance to follow us on Twitter we are going to play our own game of Financial Truth or Dare today.

We are going to ask you 5 questions about your personal finances and we hope that everyone answers honestly.  Of course we will also participate.  Personal Finance blogging and DINKS Finance are about sharing our stories, ideas, opinions, and experiences with each other. Next Friday we will give you an update on our Financial Dares and we hope you do the same. Don’t forget that you can connect with us anytime on Twitter.

Let’s play (Financial) Truth or Dare:

DINKS Truth:

  1. Are you secretly or openly jealous of people who make more money than you? Are you still jealous if one of those people is your spouse?
  2. What is the one thing that you overpay for or that you feel is overpriced?
  3. What is your current net worth? If your Net Worth is positive how did you build it?
  4. How much do you owe in consumer debts, including loans, lines of credit, financing, and credit cards? (not including your mortgage). What is your strategy to pay them off?
  5. If you have a home do you regret buying your home? If you are renting do you regret not buying a home?

DINKS Dares:

  1. We dare you to donate (not sell) your unused and unwanted items.  Have a look through your closets, cupboards, and drawers for items that you haven’t used in the last 6 months, put them in a box, and donate them to a good cause. Don’t list them on craigslist.
  2. Leave your wallet at home for the week.  We dare you to live for one week without buying coffee, lunch, snacks, magazines, clothes and all other impulse personal spending purchases.
  3. Live without a luxury item.  If you are addicted to your iPhone, Blackberry, Car or any other luxury item that is not a necessity for life, try to live without it for a week (or at least a day).
  4. Save what you usually spend.  If your daily personal spending budget is $10 a day then save it instead of spending it, you will be surprised how quickly your savings account will grow.
  5. Just Buy It.  If you have been contemplating a purchase for yourself, for your spouse, or for your home then stop torturing yourself and just buy it.  You can use our DINKS Financial Truth or Dare to justify your purchase later.

 

Don’t forget to let us all know how it goes.  Enjoy!

Photo by Life in Pictures

Being Broke But Living Life To The Fullest

living life to the fullest, being broke but happy, happiness tips

piggy bankAs a DINK, the only time I hang out in a couple is when I am with my boyfriend Nick.  My single girlfriends are my usual crowd of people that I hang out with, some of whom still live at home with their parents.

People choose to live at home for a number of reasons such as saving money, stability, or fear of change. Some people are forced to stay at home for reasons such as religion, culture, or the necessity of taking care of a sick parent.  The longer we can live at home without paying rent the more money we can save.

People who stay at their parent’s house after college graduation tend to save a lot of money because they enter the workforce full time and have little or no expenses. I have a friend who moved out of his parent’s house at 33 years old and right into a brand new 2 bedroom condo. How many of us can say that moved out of our parents house and right into our first home? Probably not many of us, but it does happen.

I moved out of my parent’s house at 18 years old with $200 in my pocket and another $150 in my bank account.  I would definitely be much better off financially if I would have stayed at home and lived with my parents while attending University. I would also have started saving money a lot sooner if I didn’t have to start paying rent, paying my University tuition, and paying for weekly groceries all at the same time.

I have loved the experience of living on my own, but I haven’t always loved my financial situation. We have to grow up very quickly when we move out of state at 18 years old. Life on my own was great, but the money was not.  At the time I worked part time in a call center for a major financial institution as well as part time at a major retail chain. Luckily I was able to transfer to a new location out of state.  I didn’t have a lot of money in my pocket when I moved out but at least I had a guaranteed regular income stream.

I was struggling just to make ends meet and I kept asking myself if the experience of living away from my parents (and their divorce drama) was worth not being able to have everything that I wanted. The answer was Yes!  All I really wanted was to be on my own, even if that meant living without material possessions. I quickly grew up from a spoiled little kid to a carefree and broke young girl in her late teens.

When I was young and broke I thought that the experience of living on my own in a big city away from my family was all the experience that I needed; I wasn’t into exploring new places or trying new things.  Now twelve years later I am a well established professional with the disposable income to support my curious lifestyle; now I never feel completely fulfilled.  There is always a new country that I want to visit; there is always a new experience that I want to try, or a new item that I want to purchase.

It’s funny how when I was younger just living on my own was enough of an experience to make me happy, and now I can’t get enough new experiences.

Photo by Images of Money

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