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Vacation Travel Hacks

The Money Nerve travel hacks

Everyone deserves an escape from work now and then and you don’t need to break your piggy bank. Make the most of your vacation dollars by planning ahead, and using money-savvy travel hacks to create an oasis of fun and relaxation!

You know you need a break and want to find the best spot. Here are a couple of tips for you to find the best solutions for both traveling and sticking to your budget.

  • Book fixed-cost trips: Explore and select trips that fit the exact dollar amount in your budget. No extra fees & no surprises. Another method for destination selection is to pick a theme. Base your trip on some of your favorite activities. Love wine? Tour a few vineyards or participate in a cooking class seminar. History buffs can find numerous forts and museums across the country while nature lovers have incredible opportunities to hike and bike, enjoying a personal experience in stunning landscapes.
  • Plan Ahead: Find discount codes for your favorite destination and pre-purchase museum tickets, boat rides or city-saver coupon books ahead of time. You will be amazed at how much money you can save!
  • Road Trips: Today, gasoline is still very reasonable and driving is a cost efficient mode of travel. Allow time for side trips and enjoy several stops along the way. Check out some of the most popular USA road trips HERE.
  • Spectacular Landscape: Another fabulous way to see America: Visit nps.gov to find a national park within driving distance. For more road trip ideas, visit http://www.visittheusa.com.
  • Lower Hotel Costs: Travel with friends and family and rent a condo or house. One option is to find smaller independently owned hotels that are not part of a chain. Many times you will get more personal service and spend less. Tired of slow elevators and too many people? Investigate AirBNB or Vacation Homes By Owner for spacious digs at half the price of hotels.
  • Popular Destinations: Find the “hot-spot” and stay in the nearest town for bigger savings. For example, if you are going to Niagara Falls, stay outside of Buffalo, New York – it’s only a 20-minute drive across the border.
  • Flying: Be sure to check flight rates often, use the online travel services that compare prices and send you alerts; farecompare.com, farecast.com, yapta.com, travelocity.com.

Vacations are great stress relievers and bring a sense of renewal to the fast pace of everyday life.  Reward yourself! Be proactive and reap the benefits of your hard work without going into debt.  Be sure to follow @themoneynerve on Facebook, Twitter and Instagram for more travel hacks.

Have a great vacation this summer — You deserve it!

Bob

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TAKING STOCK – A FINANCIAL PICTURE

3x3 Credit ScoreJanuary is often a “holiday-hangover” month for many. February is a great time to take stock and move forward. This week, we will explore credit scores and reports and how they affect you.

What is a credit score and why is it important? Credit scores were initially set up as a way for large financial institutions to provide an algorithm for determining people’s credit worthiness. Most people have misconceptions about their credit and the credit scores. Credit scores are defined by a three digit number – although most Americans would prefer to see a grade: A, B, C, D and F for easier understanding.

• Excellent Credit: 750+
• Good Credit: 700-749
• Fair Credit: 650-699
• Poor Credit: 600-649
• Bad Credit: below 600

Will my credit go down if I keep checking it? How often should I check my credit reports or my score? No, checking your credit or applying to pre-approved offers will not impact your score. Multiple credit card inquiries or applying for a mortgage will show up as a “hard inquiry” and could lower your score a few points. You can check your credit every four months without repercussions, if you are monitoring to raise your numbers, but a good rule of thumb is to check it annually.

You can get your credit score free once a month at Credit.com.

Will my credit score affect getting a new job? No, when companies ask for permission to access your records, they are looking at your credit report to see your credit history.

How do I check my credit report?
You can review your full credit report for free at AnnualCreditReport.com, which provides you with a free credit report once a year from each of the three credit bureaus. You want to confirm that all the details are correct. If you find outstanding loans that do not belong to you or see that an account is listed as unpaid- when that account is in good standing; you can make corrections or stop any fraudulent activities. Another free website for checking your credit is Credit Karma.

How can I build my credit? Paying utility bills on time, open a savings account and take out a small, secured loan (using the amount you have in the bank). You repay that loan from your savings account. Be sure to set up automatic payments, so you are never late. You can also get a secured credit card that is tied to a set amount you have in savings.

Have a diverse financial path that includes paying bills on time, a car note and a credit card, on which you make weekly or monthly payments. Late payments will ruin your credit report and your score.

If you own three credit cards, only use 1 or 2 of them & keep the 3rd in reserve so that your % of debt stays low.

Being conscious of your “numbers” can provide you with the ability to see where you are NOW, helps you set your financial GPS to set new goals and to gives you the opportunity to make proactive decisions for an abundant life!