Thursday, May 12, 2016

It's Only Money, After All


OK, so how much is all of this going to run you? I should have started with that question long ago, since that’s the first question that you should ask: what has it cost you, what have you won? When I go to Europe I start with an estimate of $10,000. $1,000/person for airline tickets, $4,000; $200/night for 10 nights, $2,000; $100/day for a decent rental vehicle with car seats, $1,000 – That’s $7,000 already. Call it $300/day for the actual fun stuff – dining, tickets, purchases. $10,000.

Yep, that’s why I don’t go every year, or even every other year. I don’t have $1,000 in my monthly budget to set aside to save for a trip, which is what you should do. Your tax refund won’t cover that either, not by a long shot. But you should try to set aside $400/month in a fund, over two years that will get you there. Or, if you’re lucky enough to get a bonus, make that the kitty.


After that, you’re going to have to try to shave costs where you can. I put in $1,000/ticket, but shoot for $800. You can rent a vacation apartment for $1,000 for a week, plus a few extra nights, call it $1,500. Cut down on the number of driving days: $600. Go off season and save another 15%. Depending on where you make your compromises, you can still have a great time at $7,000. Below that and you’re risking your trip. But $300/month over two years will get you to that $7,000. Reachable.


You want to go for less? I briefly discussed travel agencies and packages. On the former – they can be great resources, true, if you have a good agent. They’ll certainly save you money if you don’t want to do any of the legwork I’ve outlined, but you won’t be going on the cheap. On Packages and Tour Operators…I firmly believe you get what you pay for, here. If that room is being discounted heavily, it *may* be because of volume through the operator. Or, it may be because that hotel has trouble getting repeat business. I’ve purchased through a package operator once: it was indeed a low price (though I can’t recall what it was). Covered flight (NYC-Paris) and a three star hotel in a convenient neighborhood. Caveats: you had to fly out of NYC, so factor in the cost to get there (I’ll guarantee you no tour operator runs packages out of Birmingham, and no, as much as I like putting these trips together, there’s not enough local volume to make it a viable business). The flight was Wed-Wed – it’s a small thing, maybe, but I hate losing the extra weekend. Ideally, you fly Fri-Sun combos, right, to max the weekends – fit in 9 days while only taking 5 off. It makes a difference. As to the hotel...it may have qualified as a three star, but it was pretty shabby, and the mattress was far from comfortable. To be fair, I’ve had that issue with other three star hotels, especially in France. This was in the days before TripAdvisor, so perhaps now you can do better vetting of package hotels before purchasing. More likely you’ll be able to AirBnB your way into a better spot. And I won’t even get into the group tours, nope, not waiting around for other people to get on the darn tour bus so we can go to the net spot.


So – count on $10,000, you’ll have a great time if you can swing it. Go off-season, if you must, and you can compromise on dining out – eat large breakfasts at the hotel (usually included) and make sandwiches for lunch. But *don’t* spend $4,000 on a cheapie trip and walk away from it remembering only the bad food and rotten hotel. In that regard, a trip is a lot like a wedding: horribly expensive, and not necessarily worth it. You get good memories and photos, mostly. But if you cheapen up on a few key things (e.g., cash bar) you leave with the wrong memories.

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