As the credit crunch starts to bite, most people are looking at
ways to reduce their spending on everything from utility bills to
clothing, food shopping and even holidays. Luxury items are usually
the first to go, however, when thinking about booking a holiday
consider the cost-cutting tips below which should help you save money
and make next year's summer holiday more affordable.
1.Book your holiday early
That old law of supply and demand applies to everything book your
holiday early and you're likely to grab a bargain, wait till a couple
of months before you want to fly and chances are you'll pay more as
there are fewer holidays/flights available.
By leaving it late, you may grab a bargain holiday but you will have
reduced options, and there's the possibility that other components of
your holiday, such as accommodation, will have increased in price.
Last minute deals are great for flexible travellers, but if you have
children and school holidays to worry about it's best to book early.
2.Shop around for a bargain
Do your research before booking. Spend some time shopping around as
it's worth keeping an eye on the cost of flights and package holidays
for a while to determine what represents a good price.
Check out deals at travel agents and online, compare prices, flight
times and accommodation before booking.
3.Buy your foreign currency before you get to the airport
The cost of buying foreign currency at an airport is much higher than
buying online, or on the high street, so avoid this if at all
possible. When buying currency, keep an eye on the exchange rates in
the run-up to your holiday and shop around for the best deal you'll
be amazed how much rates can vary.
4.Check out transport to the airport
Check the different types of transport available to get you to the
airport. If it's practical, consider using public transport, look at
all the alternatives and consider the cost of slower methods, for
example: the cost of using the high-speed Gatwick Express service is
much higher than the regular train service.
If you've got young children, you're probably better off paying to
park at the airport or using a meet and greet parking company it may
cost you more but you'll save time and the hassle of herding the kids
about.
5.Book your airport parking in advance
If you plan to drive to the airport, make sure you book your parking
well in advance the later you leave it the more likely you are to
pay more for it. Never just turn up without booking as this is the
most expensive way of parking. Booking your airport parking online may
save you money as some companies now charge more for bookings made
over the phone.
6.Mobile phone charges
Check before you travel that your mobile phone will work abroad. Check
also to see if your provider offers a special package available for
travelling abroad or consider purchasing a sim card for your
destination calls will work out cheaper, but this may only be
necessary if you need to send and receive calls regularly while
abroad. You may have to factor in the cost of unlocking your phone so
weigh up this cost too.
7.Take out a year-long travel insurance policy
If you're planning to make more than one trip in a year, consider
taking out a year-long policy the more you travel the more you'll
save. A family policy should work out cheaper than individual cover
too.
If you're booking your flights direct with the airline and as not part
of a holiday package with an ATOL bonded agent, make sure you are
insured against airline failure. The number of airlines failing has
risen considerably this year and you're best to insure against this
too.
Work out what you need from your policy and make sure it is included.
8.Travel with hand luggage only
Travel light most low-cost airlines charge for checked in luggage,
so if you can travel with only hand luggage you'll save money for
example: one low-cost airline will charge £128 for a family of four,
with one case each! Alternatively, if there are four of you, try
checking in two bags that's a 50% reduction.
If you're booking directly with an airline, pay for your cabin baggage
in advance you'll pay extra if you wait until the airport. But
whatever you do, don't over pack your case know your luggage limits
each extra killo can add a significant amount to your costs.
9.Check-in online
Some airlines now charge for airport check-in, so check-in online and
print your own boarding passes. It will also save you time at the
airport as you'll be able to use the fast bag drop.
10.Use public transport
Consider using public transport at your destination. It's worth
researching the area prior to travelling to find out what public
transport options are available you may even find there's more on
your doorstep than you realise. You could save yourself the cost of
hiring and insuring a car and you'll see more of the local area.
11.Holiday with friends or family
Sharing accommodation and car hire with friends or family members can
save you quite a bit of money, but be certain you'll get along okay
for two weeks.
These money saving tips should help you reduce the cost of your
holiday and ensure that the financial squeeze doesn't scupper your
holiday plans.In today's economic climate homeowners are faced with foreclosures. When the real estate markets sour, buyers are
nowhere to be found, and the homeowners are besieged with a steady stream of bills, and mortgages suffer. Its one of the
toughest things in life to face. But here are some good pointers so please read more..
The reality is when economic times are tough, people just don't have enough money available to them, incomes slides,
businesses dry up, inflation eats pocketbooks and credit gets tighter than ever. There is is not enough money to be set aside
to deal with it. Nothing seems to work.
Negotiate with your lender
Banks and Mortgage companies are not interested in your home. So you have to approach them quickly and explain your
circumstances. If your set backs are temporary, your lenders should be happy to find a solution for you. Always start with
the premise that they have a genuine interest to maintain you as their source of income and part of their repayment plan.
Loan Modifications
This is the new wave era in today's mortgage climate. Too much buzz on the Internet about loan modifications . Ask for for a
loan modification with your lender. A Loan Modification is a new document drawn, re-stating the terms of your older mortgage.
Many companies are now doing loan modifications and they may charge fees. You can do it yourself, but it can be a daunting
experience on a troubled homeowner, who lacks negotiating skills, and attorneys insights.
Refinancing
You can try to refinance your mortgage with another lender and stop the foreclosure process. Realistically in this mortgage
market it works with 65%- 70% loan to value of your home. If you have enough equity in your property a private lender should
be able to refinance your loan. Refinancing puts you on a new path. Foreclosures and notice of defaults are rarely handled by
conventional type lenders and banks. Bad credit mortgage companies can also help.
Bankruptcy
If nothing else seems to work a threat of bankruptcy can often stops a lender in its tracks. While filing for bankruptcy is a
delicate matter and should be carefully reviewed with your attorney, its not a permanent solution. You will still have to
make mortgage payment to some extent under a Chapter 13 plan. Bankruptcy, itself, can slow down an aggressive lender but may
not stop it. Eventually you have to work out some plan how to exit.
Outright Sale
I know this the least preferred alternative for many, but it works. Sell your home to a real estate investor. You may not get
the value or equity you have, but you can get some of of it. There will be lots of mail delivered when a notice of default is
filed and a homeowner can select few investors to work with. Honest and ethical people should be selected by you to handle
the sale of your home.
Source: http://www.ArticlePros.com/author.php?Dan Tanner
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