Lots of people travel over the holidays, and it can get pretty expensive, especially if the whole family is flying. In this Instablog, Russ shares an idea for how you can save money on travel expenses.
You can watch this video and others on the Voice Wealth Management YouTube channel.
Transcript
Hi, my name is Russell Rivera, founder and president of voice wealth management. And I wanted to welcome you back to our instablog series. And today, with the weather being cold again, I wanted to talk to you about winter travel.
So my family and I were taking an interesting and interesting look at winter travel this year. You know, obviously, with kids in school, you don't want to have kids miss school. And that certainly, policy my wife and I have had, and will continue to have, particularly as he approaches the high school level, but the kicker is that, you know, we can always try to save some money on flights and trying to get somewhere warm, by looking at maybe off dates, not traveling on New Year's Day, for example, or Christmas Eve or, you know, one or two days around that time. But you know, with other things going on, I know people who live in New York City or Manhattan or dense urban areas, might not have a lot of access to this absent option, if you can create the time, is either driving or a hybrid trip. So for example, my family and I, this past weekend, we had to go out to Cleveland, Ohio. Well, you know, we thought about it and thought about all the time it would take to pack and book a flight, you get to the airport, and rent a car, and then drive to our actual destination in the Cleveland area from New York, and we said, you know what, it actually might be faster to drive. And maybe a little bit cheaper to of course, once you counter, you know, the price of plane tickets and renting an additional car. And so renting a car and so that, so we gave it a shot, is it a heck of an adventure.
That's only the first trek on her adventure, this time. The next time, we're going to be focused on you know, we're gonna go away for the holiday.
And we're going to do something a little bit different.
The wife and son are gonna fly to Florida. And I'm going to drive cost of nine flight plus renting a car down there was so much that new driving was actually the only financially reasonable choice.
You know, and so the marginal cost of my flight just didn't make a lot of sense. But so, but I'm gonna give myself several days to get there, I can work on the way and I admit I have that luxury, that not a lot of other people have having independent business, trying to work around it. But maybe in today's times with so many flexible work opportunities, it's something you're able to work out to. So when you're thinking about going somewhere over the holidays, obviously, you know, you can't drive to Puerto Rico or the Caribbean, or something like that. But if it's something that's reasonably drivable, you know, and again, going 1500 Miles is if you give yourself enough time, and you're gonna be there long enough, make sense?
Consider giving it a shot. So take a look at it. Think about whether or not that makes sense for you, whether it's the winter or the summer. So with that, thanks for watching. I'm Russell Rivera, always wealth management. Enjoy your holiday travels, and we'll see you next time.
Russell D. Rivera, CFA, CFP® is the Founder and President of Voice Wealth Management (Voice) in New York, NY. He also likes to think of himself as a Personal CFO and Financial “Therapist” for entrepreneurs, young professionals, and their families. He helps clients make prudent financial decisions regarding spending, saving, investing, and planning while giving a voice to the individual client's financial priorities and experiences.