Retirement is an exciting phase of life.
But because of inflation includingrising medical expensesand skyrocketing housing costs it can be difficult to make ends meet.
And if you have a desire for adventure, you may be looking at retirement travel on a budget.
This could be big gifts for grandkids, a new car or that huge vacation you always dreamed of.
But fixed retirement income doesnt have to be a death sentence on your travel plans.
Here are seven tips for retirement travel on a budget.
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Stick to Cheaper Lodging
You might have gotten used to more extravagant travel at the peak of your career.
But they can get expensive.
If youre looking forretirement travel on a budget, consider motels, affordable Airbnbs or even hostels.
Youll also likely find most younger guests welcome older lodgers.
Just verify you get acredit card with no foreign transaction fees.
This will save you even more money if you travel abroad.
Be Smart About When You Travel
Youre retired, after all youre on your own schedule.
Avoid peak travel seasons, such as the summer and around the holidays, to findcheaper flightsand lodging.
you could often book great deals when traveling to a destination during the off-season.
Youll still find plenty to do.
Its not just time of year; saving money on travel can come down to time of week.
Expedia also recommends flying before 3 p.m. to avoid cancellations.
When you book your flight also matters.
Sunday is the cheapest day to book flights, while Friday is the most expensive.
For domestic flights, the sweet spot is at least a month before for 24% lower airfare.
Conventional wisdom for international flights still holds: 60 days out is best.
Any sooner or later, and youll pay more.
Eat Smart
Dining out three times a day while traveling can get expensive.
While its nice to indulge in the local cuisine, try eating one meal out each day.
For your other meals, visit a local grocery store or farmers market.
Pack snacks, like trail mix and protein bars, to take with you while you explore.
Travel Light and Travel Close
Checking a bag on a flight is getting wildly expensive.
it’s possible for you to also do retirement travel on a budget by traveling domestically.
Find somewhere new and closer to home to explore.
The U.S. is full of interesting museums, restaurants and natural landscapes.
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Use your newfound side hustle income to fund your travels.
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