We climbed out of $51,000 in credit card debt. We credit this achievement to one thing — discovering our why. (We learned from incomparable motivational speaker John Rohn that anything is achievable as long as we first know “why” we want to achieve it. Unfortunately for us, we didn’t get this memo until well after we paid off our credit card debt, but it’s still a great quote to fall back on.)
One of Our ‘Whys’ – Travel
We can’t travel enough. Travel expands our world and gives us with new experiences. We’ve traveled at length both nationally and internationally. Two years ago, to focus on growing the Debt Free Guys, we made the decision to limit ourselves to domestic travel only, mostly to visit family and for work. We can’t not visit mom for three years!
Our three-year international travel hiatus is almost up. That said, we’ve planned, documented and are financially preparing for our 2016 contiguous-48 travel. This year’s travel theme is “family milestones” — a 50th wedding anniversary and a 100th birthday.
First, we’re taking a much-needed vacation in May. This go-round, we’re visiting both Los Angeles and Palm Springs, Calif. As much as we’ve traveled California, John’s never been to LA and neither of us have been to Palm Springs. We both love the mid-century modern architecture and are excited about the latter leg of this trip.
Making Our Travel Cheaper
In June, we’re flying to Dickinson, N.D., to celebrate David’s grandmother’s 100th birthday! We visit Dickinson annually and it’s a nice change of pace from our normal and David’s grandmother has a lot to teach us about life and even money. She’s wise and sharp as a tack.
John hopes to someday beat David’s grandmother in pinochle, which he has yet to do. Despite being 100 years old, she can still count cards. For her 101st birthday, we may take her to Vegas.
When we visit David’s grandmother, our strategy for keeping costs down typically is staying with her. This visit will be different. David’s grandmother has nine children and countless grandchildren and great-grandchildren. Hers will be a full house (no pun intended — that’s a different game).
To avoid stress, contain costs and maximize our rewards, we’re using our hotel points in Dickinson rather than in bigger cities where hotel points won’t go as far. We can stay at a hotel in Dickinson for half the number of hotel points it costs to stay in Philadelphia. Such is the economics of supply and demand.
When we stay at hotels, we’re prone to use room service to satiate midnight hunger. Several years ago we learned to avoid the excessive room service costs with delivery from nearby restaurants. The same food costs half as much, even with a hefty tip. We search online for restaurants within one mile of our hotel.
In July, we’re flying to Philadelphia, Pennsylvania to first visit John’s friends in the City of Brotherly Love, after which we’ll drive to Hershey, Penn., otherwise known as Chocolate Town USA, to visit John’s family. This trip is to celebrate John’s parents’ 50th wedding anniversary.
The round-trip flight will be sponsored by airline miles acquired from travel hacking. We’ve mastered the art of using our credit cards and paying them off each month, so we don’t pay credit card interest. (High credit card balances can also hurt your credit score. You can see how your credit card balances are impacting your credit scores for free on Credit.com.) Paying our balances off in full has helped us accrue points and travel cheaply on our numerous trips. (You can see what some of the best travel credit cards in America offer here.)
Finally, in September, we’re flying to San Diego, Calif., for a personal finance conference. Since the trip is part of our work as the Debt Free Guys, we’ll be sure to deduct our flight as a travel expense when it comes time to do our taxes next year. And we’ll be sure to enjoy the city during our stay.
So, to recap, here are our Debt Free Guys’ travel saving tips.
- Use hotel points in smaller cities to stretch hotel points further.
- Use restaurant delivery rather than room service.
- Use credit cards to acquire airline miles, not credit card debt.
- Get a tax deduction on business travel expenses each year.
Try using some of our strategies for planning your summer travel. Every bit of savings helps and, for us, goes towards our investments for maximum return.
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Image: BeylaBalla; Inset Image Courtesy of David Auten and John Schneider