Travel Hacks For The Budgetnista in You
Travel has become part and parcel of a millennial’s life. We prioritize traveling a lot more than we did over a decade or so ago. Why? Because travel life is the best life that’s why. Visiting new places, experiencing new cultures, new cuisines and making lifetime memories while you’re at it? What could be better than that? That being said, the jet set life isn’t something people willingly get into because of the cost. SLA has a few tips and tricks on low budget travel that can possibly help change your mind… 1. Save Smart It goes without saying that if you want to travel, you need to save for it. Travelling requires sacrifice and compromise and good financial management. So if it means ditching your daily coffee run and carrying your own lunch to work for three months then so be it – every little bit counts. We spend so much on little luxuries that we can actually do without if we think about how much we can save in the long run. If you have a financial goal to meet by a certain time – you will need to cut out some unnecessary spending habits. Save and save diligently. 2. Visas Check whether the country you are traveling to requires a visa on arrival or one to be acquired before travel or none at all. In regards to visas on arrival, be sure to check with the country’s consulate directly and not just Google. For example – I was travelling to Mexico last year and being a Kenyan, I immediately knew I needed to get a visa and when I checked the requirements on the consulate’s website, the list mentioned that if you have a current US visa, you can still get entry into Mexico – no need to apply for a visa. I called the consulate to confirm this and they did confirm it. Saved myself the process and the coins and had I not checked, I’d have paid for a visa I didn’t really need. Please do your research when it comes to visas. The UK visa, for example, gives you access to England, Northern Ireland, Scotland, and Wales. The US, Canada, and UK visa do also offer visa-free access to plenty of other countries with an entry of up to 15 to 180 days, depending on the country. You do have to check whether your passport is eligible for such access though. All this helps you void visa fees and the entire process altogether if necessary. Some consulates require confirmed flight and accommodation bookings when applying for a visa. A trick to get around this – book your accommodation through booking.com, this site lets you book a hotel room without any payment required and you can cancel the booking within a particular timeframe. This helps you get through the visa process without losing any money in case you aren’t successful in the visa interview. You can also reserve tickets without paying immediately with some airlines or travel agencies. 3. Best Time to Travel It is always cheaper to travel during off-peak periods. Traveling during the holiday season such as Easter and Christmas will cost more than any other time of the year. The Summer season is also an expensive travel period especially to countries in the west. Here in Africa, peak times depending on the country. For example in Kenya, excluding the holiday season in December, other peak seasons include April (Easter holidays) and August (when the cold season here ends). Any other time of the year is off-peak season so perfect for traveling here. In Europe, off-peak times include January – March or September – Early November. For countries in South-East Asia like Indonesia and Malaysia, the best time to travel would be during their monsoon season, which starts around November until March. The weather is still hot and humid, just mixed with showers of rain from time to time. The best days to travel in terms of affordability are Tuesdays and Wednesdays. Majority travel is done from Friday to Monday so those days will have more costly travel fares. For holiday travel, it would be wise to book a flight scheduled for a week before the actual holiday, i.e. a week or two before Christmas week or if you can’t leave that early, traveling on Christmas day is another option. It’s not ideal but it will be the cheapest ticket you get. Flying on Christmas day or Thanksgiving day will give you the best rates on the low. 4. Flight Hacks Searching for cheap flights is really an extreme sport sometimes but if you’re keen on various airline trends, you can find a loophole. First tip – when looking for flights, browse using an incognito/private window. Websites track your searches and you will always see the same rate on several different sites because they have picked up that you are looking. Either use a private browsing window or clear your cache every time you search so the sites have nothing to pick up on. The best time to search for flights is a good three months in advance, the rates go up the closer you get to your departure date. Flights with one or two stops tend to be cheaper than direct flights. As convenient as direct flights are, they tend to cost so much just because of said convenience. Picking a flight with connecting flights saves quite a bit of money and for some airlines like Emirates, if your layover is 10hrs or longer, they automatically give you a transit visa which allows you to get out of the airport and put you up in a hotel for that duration before your next flight. Join ALL the miles programs. Most programs are partnered with more than one airline, for instance, Delta SkyMiles program is partnered with KLM, Air France, Kenya Airways, Korean Airlines, Alitalia, China Airlines, etc… So you can get miles from any of these airlines and use them on
Quick Maths (3): How to use your salary/business net income with FSDH Asset Management
Having a money moves mindset means thinking big when it comes to your finances. Welcome to the third part of our Quick Maths series where we’ll be giving you the lowdown of how to master your personal finances in simple ways. We’ve talked about how to generate income to start your business, and how to diversify your funds (even as a low-income earner), now its time to dive even deeper. So… you’ve received that alert now and paid all your bills. What do you do with the rest o the money? Cash out? Call up your girls for a breezy weekend? Nah girl, you need to take a step back, there are more pressing issues. As a career or businesswoman, it’s important to know your bottom line and use it wisely. Your bottom line is what remains after you have removed all expenses from your income. What does your account balance look like after deducting expenses? Is it smiling back at you? Now ask yourself, have you thought of using your last bottom line to increase your next bottom line? We partnered with FSDH Asset Management Ltd to bring you this guide to help you understand ways to use your business net income, known as “bottom line” to your advantage. [bctt tweet=”When you really need to know how well your business/finances are doing, check your bottom line – @fsdhcoralfunds” username=”SheLeadsAfrica”] Topics this guide will cover: Bottom line – what it means, why it is important and how to make it work for you. What you can do with your bottom line – how to improve your finances by using your bottom line wisely. Figuring out how to make your bottom line work for you might seem difficult, but we are here to make it easier for you. We’ve gotcha, boo! After reading this guide, you’ll understand how to manage your income better and use it to get more resources to keep increasing your bottom line. You’ll also learn to track your spending and get excited about checking your accounts. If you want to keep learning ways to grow your money significantly over time, you shouldn’t miss the next guide because, with every guide, the lessons get deeper. FSDH ASSET MANAGEMENT LTD – FSDH AM is a wholly owned subsidiary of FSDH Merchant Bank Limited. They are one of Nigeria’s leading asset management and financial advisory firm. FSDH AM is versatile in financial transactions and investment strategies that meet the need of investors in an emerging economy like Nigeria. They recognize that today’s investors need the services of dedicated and expert professionals to provide them with intelligent investment counsel. Therefore, their strategies are dedicated to preserving investors’ wealth while maximizing the value that they receive. Once you’re through with this guide, visit FSDH Asset Management Ltd to know more and get all your pressing questions answered. Getting access to this guide is easy: just fill out the form below to join our community and get access to this guide, remember this is only part 3, there’s more to come – so stay updated. By joining our community, you also get to enjoy our AWESOME weekly content as well.