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Tips for limiting travel expenses

When travelling, it’s easy to lose track of your budget. Here are a few tips to help you save when travelling abroad.

Choose your destination carefully
Before you leave, choose a destination adapted to your budget. Compare the cost of airfare, exchange rates, the cost of living and the time of year before making your decision. Stay aware of new travel destinations. By choosing somewhere that is beginning to attract attention, you will save money and get more bang for your buck. To encourage tourism, several countries provide incentives, which can be reflected in the cost of airfare.

Save on accommodations
There are several alternatives to hotels. Inns, apartment hotels and room rentals in private residences can help you save on accommodations. Not only will you have the opportunity to live an authentic experience, you will often have access to a kitchen and cook your own meals.

Limit eating out
Eating three meals per day in restaurants can blow your travel budget. Exploring local culture is, without a doubt, one of the joys of travelling. Epicureans, you don’t have to deprive yourselves! Simply carefully choose when and where to eat out. Making breakfast yourself and eating quick meals during the day can help you save a lot. You can then spoil yourself by eating out at a fabulous restaurant on a night out. We bet that you will remember this more luxurious culinary experience more than breakfasts at chain restaurants.

Set your daily budget
An overall budget can be a little unclear and give you the impression that you have more money than you really do. Determining how much money you can spend per day can help you better manage your expenses and not blow your budget. Subtract the amounts allotted for accommodations and transportation. This will give you an approximate idea of how much you have to spend on meals, activities and souvenirs.

Use technology to help you budget
There are several applications that can help you track your expenses. Others will guide you to cheaper restaurants and activities, or give you discounts on your reservations.

Looking for advice?

A financial security advisor can help you take stock of your finances and suggest an action plan in line with your needs.

Contact an advisor

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