Many retirees plan to travel, in fact, they had dreamed to travel all their lives and now that they have retired they want to give wings to their dreams. One of the biggest issues with the travel plans of the retirees is costs. Most people save a lot of money for their retirement but when it comes to spending it they worry if the money will be enough and hence they settle down on a mellow life with a simple budget. Following is a list of things to do that can help retirees save money as they plan their journey to dream destinations. These tasks are very simple and help the retirees save while they travel around the globe.
House Sitting
One of the biggest expenses associated with traveling is lodging. This one thing costs close to 50% of the travel expenses. So, what can retirees do to save on this front? One great idea is to go house sitting. This is the process where you have to take care of a person’s property while they are away and in exchange you get a free stay at the place. This idea is good for retired couples who want to stay in a particular place for a long time and enjoy the countryside as they do so. This option will give them some really good perks like a home stay with all the amenities plus home cooked food which is rare to find on travels.
Discounts
Looking for discounts is an obvious way to save money while traveling. Retirees can look for discounts on travel tickets, hotels and well as food at the place where they travel. Most airline companies offer discounts on air tickets for senior citizens. So, if the retirees are careful and plan ahead, they can save thousands while they travel. Discount coupons can also be availed on other types of travel options as well. One must try and book tickets much in advance as certain airlines have a time period during the year when they offer affordable rates on air tickets.
Invest in Timeshare
Timeshare is the option wherein a property is owned by multiple owners and used by them when they need it. This is a good option for people who like to travel to the same place more than once. Timeshare saves a lot of money in purchasing the place because everybody invests in equal amount plus the maintenance and other expenses are shared too. So, retirees should seriously consider timesharing for the place they absolutely love.
Renting
While all the above points were about saving money, this one option can help retirees earn and save money while they travel. If you own a property in a place that is easily a good tourist destination, then you can rent the place for others. This option will help you earn money out of your travel plans. All you have to do is list your property on social media and related websites where people can know that they can rent it. According to finance experts, renting a property for 15-17 weeks a year is enough to cover costs and help you supplement your travel expenses.
