By SAM KEMMIS of Nerd Wallet July 14, 2021 | AP News
So you want to travel on a budget. Who doesn’t? Yet it’s easy to get overwhelmed by all the cheap travel tips, hacks and strategies out there that promise unbelievable deals on airfare and hotels.
In reality, there’s only one important tactic for traveling cheaply: being flexible with your travel dates, destination and plans. It might sound simple — or even simplistic — but you would be surprised how few travelers are willing to take this piece of advice to heart.
To be fair, this flexibility-first mindset requires a paradigm shift for many in terms of how they start planning vacations. It requires moving from this type of planning:
“I want to go to Amsterdam from Sept. 5th through 13th.”
To this:
“I want to go somewhere fun in September.”
For some, this degree of flexibility is simply impossible. Yet for those who can loosen their preconceptions about how to plan travel, it can lead to big savings — and maybe even more fun — whether you’re paying with cash or using points.
WHY RIGIDITY IS SO EXPENSIVE
The cost of travel depends on the interplay between many factors, including:
— Demand.
— Supply.
— Randomness.
— Number of options.
When you make specific plans from the get-go, you essentially constrain the last variable — you give yourself fewer options. This means that the cost of your trip will depend entirely on the first three variables, which are completely outside of your control.
This economic interplay will sometimes fall in your favor, and you’ll score a good deal on the exact destination and dates you wanted. But more often than not, you’ll end up paying more than average simply by starting with a severely limited set of options.
HOW TO PLAN TRAVELS WITH FLEXIBILITY
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