Planes, Trains, and Budgets
3-04-2017Around this time of year, you might notice prospects spending heavily on vacations. Spring Break is a popular time to travel and most families overspend on costly trips. This doesn't leave much room for budgeting for insurance. We'd venture to bet that almost every financial advisor has heard the excuse from a prospect that they can't afford life insurance. That's an opportunity for you to really stretch your advisor muscles! Below are some travel budgeting tips you can forward along to them: 1.) Travel closer to home. No, we don't mean set up a tent in the backyard (though that could be fun, too). Some hotels offer "staycation" packages that boast lower rates for locals. You can book a romantic weekend for two along with a spa visit at a fraction of the price. Websites like Staycation.com will show you offers from various hotels in your area. 2.) Try to book your trip between March 20th and June 21st - these are when round trip spring fares are offered. Certain domestic flights can be found for under $100. 3.) If you plan on visiting a tourist destination, look for hotels just outside of the city. They will offer much lower rates compared to a hotel in the middle of that city. Use public transportation or ride sharing service to travel into town. After all, Charles A. Jeffe said it best when he stated, "It's not your salary that makes you rich, it's your spending habits."