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How We Bought 4 Plane Tickets, 7 Nights Hotel and 7 Nights SUV Rental for $40

Anyone who has read previous entries to this blog knows that two of my favorite things to do are spending time with my family and getting good value. This year for our fall trip we decided to, once again, fly to California. This is usually a trip that would be beyond our grasps financially due to the immense expenses involved with flying across the country. To make this trip a reality I relied on various points and miles programs offered by hotels.

IMG_3710

 

Itinerary

 

The trip included flying into San Francisco then looping around to Yosemite National Park, Sequoia National Park, Monterey and back to San Francisco. This itinerary required 4 round-trip tickets from Louisville to San Francisco, 7 day SUV Rental and 7 nights of lodging. The total cost for only these expenditures would have been $3,256. If you were pricing this out you probably could have searched for better deals and alternate lodging, but the prices I included were for the exact same flights, rental car and hotels that we used. This MSRP value assumes that you just booked the going rates without using other discounts. If you are not interested in the details of each portion of the itinerary scroll to the conclusion section where I will outline all the details including points used and the price without points.

 

Flight

 

We flew Southwest using Rapid Rewards Points, which are tied to the actual cost of the flights. Therefore when flying Southwest whether purchasing tickets with cash or using points it is extremely important to purchase tickets at the lowest fare (which also means the lowest points). Since our youngest child is 25 months old he is over 2 years old his ticket costs the same as an adult fare. This required us to purchase 4 tickets. As soon as the month of October opened up for booking I started checking Southwest on a weekly basis (at least). They offer new sales every Tuesday, some sales are great and some sales are pretty weak. The great thing about Southwest is that there is no fee to cancel your flights, so if you book at one price and the next sale is better you can cancel those tickets and book again.

 

In June the price of tickets round-trip dropped to $350 each (plus $10 for taxes and fees). If I had not prepared for this then the cost for tickets alone would have been $1,400 (plus $40 for taxes and fees). Since I qualified for the Companion Pass, any ticket that I book on Southwest allows me to add a companion to travel with me free of charge. Anyone reading this who has the companion pass, but not enough points to book tickets that way would have paid $1,050 for the tickets (plus $40 for taxes and fees). Since we had the Companion Pass and enough Rapid Reward Points I was able to book this flight for 61,734 points. Alternatively Chase Ultimate Reward Points transfer to Southwest at a 1:1 ratio meaning I could have transferred as many points as I needed from Chase Ultimate Rewards with no cost.

 

Car Rental

 

Since our itinerary required a great deal of driving renting a car was a necessity. Since we have a stroller and a few bags I decided to go with an SUV for this trip. I used carrentalsavers.com to look up rates and found that Alamo offered the most value. I then went to my Chase Ultimate Rewards account to book through them as they offer a “pay with points” option which gives these points a value of 1.25 cents per point.

 

We rented a 2014 Jeep Grand Cherokee which would have cost $433.68 for 7 days booking directly through Alamo after taxes and fees were applied to the total. In lieu of this I was able to book the week using Chase Ultimate Reward points. The total was 20,696 Chase Ultimate Reward Points which actually ended up getting me 2.1 cents per point. To put this into perspective my wife and I both got 25,000 Chase Ultimate Reward points when we signed up for the Chase Freedom card which has no annual fee. So that amounts to about $500 worth of signing bonus for each card.

 

If you are considering this particular itinerary keep in mind that we drove the rental car over 1,000 miles. We spent $152 on fuel that we paid for using point earning cards, but did not pay with actual points.

 

Hotels

 

When creating an itinerary involving multiple destinations the hotel accommodations are the most difficult and arguably the most important of the trip. Using Google Maps I plotted out the trip to the best of my ability. We arrived in San Francisco, saw some sights in the city and headed toward Yosemite. I found that the Modesto and Turlock area was about half way between these two locations. Finding lodging near a national park is very difficult and you pay dearly for the location and often give up a lot in quality of hotel (unless you pay much more). I decided that Comfort Suites worked well for our night in Turlock. We booked a double Queen suite which had two queen beds and a pullout couch. This room was one of the bigger hotel rooms that we have stayed in and it was very nice. The normal cash cost for this room was $139 plus tax per night. It cost us 16,000 choice hotel points. If you sign up for the Choice Hotels Visa you get a 32,000 point signing bonus which would cover 2 nights.

SimplisticSaving.com Comfort Suites Turlock

 

After visiting Yosemite we made our way toward Fresno which is almost directly between Yosemite and Sequoias. Our plan was to have 2 nights in Fresno, one night between Yosemite and Sequoias and another night spent after our day in the Sequoia National Park. Using Club Carlson Reward Points we were able to stay in a Country Inn & Suites which worked out quite nicely because when you have the Club Carlson credit card you get your last night free on a stay of 2 or more nights. Obviously there is more value if you only stay two nights. Normally a room costs $92.50 per night or 15,000 Club Carlson points. Since we have the Club Carlson Visa we used 15,000 points for 2 nights which is 7,500 points per night.

 

After our second night in Fresno we headed to Monterey. This is the only portion of the trip that I did not book in advance. We could have stayed using points for the night, but instead we opted to use Hotel Tonight. Hotel Tonight found us the Best Western Plus in Monterey which is directly on the beach. The normal cost for this is $160 per night plus $18 per night parking. On hotel tonight it was $132 plus $18 parking. A total of $150 for the night. Using American Express Membership Reward Points to wipe out this charge cost 22,000 points.

SimplisticSaving.com 17 Mile Drive Monterey17 Mile Drive in Monterey, CA

 

After our day in Monterey we traveled back to San Francisco. I decided that stopping halfway between Monterey and San Francisco would not only be more economical, but it would allow for us to get to the hotel a bit earlier and relax. We stopped in Silicon Valley at the Four Points by Sheraton – San Jose. This hotel usually runs $180 per night, but I was able to book a room for 4,000 SPG points. My wife and I both have an SPG Credit Card which awarded us a bonus of 25,000 points for signing up. This offered a great value. Although this was a lower category hotel for the chain it was still beautiful. Starwoods Hotels include W, Westin, Sheraton and many high end brands.

SimplisticSaving.com Four Points Sheraton Lobby

Picture of the Four Points by Sheraton Lobby

 

Our final stay was for 2 nights in San Francisco. We stayed at the Radisson in the middle of Fisherman’s Wharf. The location was superb and the hotel was updated in 2012. We were very impressed with the accommodations. The normal rate at this location is $299 per night and parking is an additional $50 per night. Like Country Inn & Suites, Radisson is also part of Club Carlson and we were able to use 50,000 Club Carlson Reward Points for this stay. The normal charge for points is 50,000 points per night, but having the Club Carlson Visa allows your last night of a 2 night (or longer) stay to be free. Along with this huge benefit you are given Gold Elite status which we found very beneficial at this hotel. When we arrived at check-in they told me that as a VIP member my room had been upgraded free of charge to a balcony room on the top floor. As a Gold Elite member they also waived the $50 per night parking charge. When we arrived in our room there was a “welcome gift” of a bag of kettle corn waiting for us in the room. Attached to the gift was a card thanking us for choosing to stay at their hotel for our trip. My children and I went to the pool while my wife got comfortable in the room. Someone stopped by the room during that time to bring us extra towels and a couple bottles of water to welcome their “VIPs”. The sign up bonus for the Club Carlson Card is 85,000 points, plus you get the last night booked with points free and are automatically upgraded to Gold Elite status. On this stay alone we used 50,000 points, but managed to save $299 per night on the hotel, plus $50 each night on parking. So for this stay 50,000 points equaled over $700 in value! That’s not even considering the free upgrade to the balcony room closest to the bay with a tremendous view of Alcatraz.

 

IMG_5123                                                                                                                    Actual Unobstructed View From Radisson Balcony – Blue Angels Flying Over Alcatraz

 

Conclusion

 

All told we received $3,256 in value but paid only $40 for flight, lodging and SUV rental. I put a valuation of dollar per point received. Many of these calculations depend on how they are used. For instance, American Express Membership Reward points used for this stay were worth less than a penny each, but can be used much more beneficially when transferred to another program. SPG points were worth 4.5 cents each used at this particular location. The value of hotel points can be a bit skewed because if I had not had hotel points I would not pay $180 or $350 per night for a hotel room. I would probably sacrifice a bit of quality for a lower price. However, using points allows the user to splurge and afford things that normally would have been out of reach.

 

Retail Price                   Actual Paid               Points                $/Point

 

Southwest – Louisville to San Francisco                                          $1,440                                $40                61,734                   .023

Southwest Rapid Rewards

 

Alamo Mid-Size SUV Rental (7 Days)                                                 $434                                  0                  20,696                   .021

Chase Ultimate Rewards

 

Choice Hotels- Comfort Suites Turlock                                             $139                                   0                  16,000                   .009

Choice Priveleges

 

Country Inn Fresno (2 Nights)                                                           $185                                   0                 15,000                    .012

Club Carlson Rewards

 

Best Western Plus Monterey Beach Resort                                    $178                                   0                  22,000                   .008

American Express Membership Rewards

 

Four Points by Sheraton – San Jose                                                $180                                 0                    4,000                    .045

Starwoods Preferred Guest

 

Radisson Fisherman’s Wharf                                                         $700                                  0                   50,000                   .014

Club Carlson Rewards

 

Total

$3,256                             $40                   189,430                   .017

 

 

 

 

 

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Philosophy on value? Pay the Least Anyone has Paid.

I recently overheard a salesman tell a potential customer that for their budget they needed to lower their expectations.  This kind of mentality drives me absolutely crazy.  Obviously there are situations where people have champagne tastes on a beer budget.  In these cases it’s absolutely reasonable to lower expectations to be more aligned with your budget.  For instance, if I go to a car dealership and expect to get a brand new BMW for the same price as a used KIA, then I probably need to adjust my expectations with reality.  Usually though, if you do your research, you will realize that there is always a better deal to be found.

The couple that I observed were looking for the biggest television that they could get for their money.  From what I gathered they had about $1,000 to spend and did not want an off brand television, they also wanted an LED.  The salesman basically told them that the biggest they could get was a 50 inch.  They seemed to listen to him, but were disappointed.  He presented, as fact, that they either needed to lower expectations or raise their budget.  I knew from personal experience that this was just a blatant lie.  I just purchased a 60 inch LED television for $847 after taxes and everything.  I have seen cheaper televisions this size, but my goal was to maximize value.  On that particular day the salesman was not lying to the couple as there were no great deals going on, but the point is that the better deal will come to those who wait.

It’s easy to just assume that you could sacrifice quality at the expense of value, but this is a false choice to make.  If I go to the grocery store today and bananas are $1.90 a pound unless I cannot wait another moment to buy bananas I will forgo them because I know the price will fall.  The grocer will not come over and say, have you thought about dry beans instead?  I know what I want and I know what price I want to pay.  I will buy bananas at 38 or 48 cents a pound, but even at 58 cents per pound they are not out of the question.  I think the same holds true to many purchases.  If I am looking for a vehicle and want to spend $8,000 and find a used Honda Pilot that books for $14,000 on sale for $9,000 I will still consider this car even though it is 25% over my budget because that extra $1,000 will get me an extra $5,000 in value.  In this example I am making the assumption that the car is really worth 14k, but the seller is motivated.  My point in this exercise though is that even with a budget number in mind it’s good to stay flexible.

When I research prices for an item, my goal is to find a good price and then buy the item for a great price.  If I am looking at a TV I do not want to compromise, but I want the item I want cheaper.  Basically, I want to buy any item at the cheapest price anyone else might have paid.  It’s not that I think I am special, but I do think that if a company can sell a product to one customer at a certain price, and make a profit, then why shouldn’t I get it at the same price?

This is true of products where I use the MSRP and average price as a guide, but will research to find a better price.  Then I try to adjust my expectations accordingly and take advantage of sales.  This is especially true of hotel rooms and car rentals.  My wife and I stayed in a hotwire low priced hotel one night for 40 bucks.  We were not completely satisfied, but for the minimal price it was hard to complain too much.  The next morning at breakfast I overheard another couple saying that they had paid $90 per night and to extend another day would be $105.  This made me a bit angry.  I was certainly glad I scored the hotel room for such a low rate, but if I had been the person paying $90 and a guy next to me paid $50 I would be livid.  I actually let the guy know that if he booked on hotwire he could get the same hotel for $40 and he did just that.  The point I am trying to make is that a better price may be available and it may not even be too difficult to find.  It’s not that I am cheap, but I absolutely want to maximize value in every dollar I spend.

I look at it as a value ratio that would be measured by a simple formula of quality / dollar.  I want to get the most quality, taste, or value per dollar that I spend.  When I buy a car I want to get the best car that I can buy for the money.  When I buy a house I want to get the best $ per square foot, without skimping too much on fixtures.  If I can get a plane ticket for $150 roundtrip why would I pay $300 for the same trip?  These are all adjustable expectations and some are clearer than others, but the point remains that I want to stretch every dollar that I spend. I’ll spend a little more for a little more quality and sacrifice a little quality if it can save me a lot of money.  Overall, these are decisions that every individual makes, but if you are mindful of value maximization you are better off in the long run.

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Picking the Perfect Hotel

If I ask you to imagine the perfect hotel your mind probably conjures up images of grand chandeliers, baby grand pianos and beauties feeding you grapes on the plush mattress of a hand carved canopy bed.  Out the window a beautiful sunset begins to crest over the horizon of an unobstructed ocean view.  The salty air touching your skin only briefly before being dabbed away from the damp, cool, mango scented towel.  This sort of fantasy, multiple room palace probably exists for a price.

If I were to ask you to imagine the cheapest hotel what do you see?  Flicking on the light switch, causes the roach herds to scurry toward cover in the putrid motel room.  You pull back the sheets, which audibly crunch from whatever has hardened to their surface.  Through the fitted sheet you can see the stains on the mattress, although their origin is unknown, the evidence manifested clearly lead you to believe these are bodily fluids of some kind.  This kind of hotel certainly exists and the psycho running it would gladly accept your money.

When searching for a hotel I try to find some definite middle ground in these establishments.  I do not need to check into a pretentious establishment where I am expected to tip every person substantially for doing unnecessary tasks.  I am certain that if I lugged the bags of my entire family through the airport I’ll be fine taking them the next 50 yards or so.  I do not need people looking down at me for staying in their hotel.  At the same time I do have certain expectations in a hotel.  I want a nice, clean place where I can lay my head every night.  I will likely not spend much time in the hotel anyway.  Basically for my family a hotel is a place to store our things, take our showers and sleep until the next day.  So as long as the place is clean, quiet and comfortable I am fine.  All other things beyond that are luxuries.  Although having been updated in this millennium is a nice plus.  If your hotel is still rocking a big tube TV I am going to be a bit put off.

Keeping this criteria in mind I try to find the most affordable option, but I try to keep away from the lowest price option.  The last time I went with the lowest price option in an area was a few months ago.  I booked a room in a Howard Johnson, that was supposed to be a 3 star (out of 5).  It was a Hotwire hidden deal and cost about $40, which was very affordable for a 3 star hotel.  I arrived at the hotel and there was a very sketchy looking couple at the counter.  There was an old white Gateway Desktop in the lobby with a line 6 people deep waiting to use the computer.  The “couple” at the counter turned out to be two guys and a girl (sans teeth) who were fine with just one King bed.  I felt like I needed to shield my daughter’s eyes.  Walking through the hall I really felt like I was surrounded by shady characters.  This is not to say that money equals class by any stretch.  However, when you book the cheapest hotel in the area, it’s also the cheapest hotel for everyone else in the area.  So the guys scoring a three way with a tweaker are also booking that cheap room next door to your family.

I try to pick a moderate priced hotel with great reviews.  If possible I try to get a 4 star hotel at a lower price using a site like Priceline or Hotwire.  The problem with this method is that I have personally found that Priceline inflates the rating on some of their hotels.  So you may book a 4 star hotel for $50 and be pumped, but then when the hotel is revealed it is an old Howard Johnson that might generously be awarded 2 stars.  So you think you’re getting a room in a Hyatt or W and you are getting an overrated Ho Jo.  There are websites that exist to help make better decisions on hotels and reveal which hotels are available in an area at the particular star rating that you seek.

Over the next week I will be sharing more information about the hotels I decide to book for our upcoming trip and I will likely give a review of whatever hotel is lucky enough to be chosen by me.

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Now until December 31, 2014 any Flight Booked on Southwest is Buy One Get One Free!

You read the title correctly folks, for the next 16 months any flight that I book on Southwest will include a free ticket for my wife!  Unfortunately, this does not apply to everyone, but only applies to very valuable customers such as myself.  As I have tried to make clear throughout every post of this blog, I am not particularly affluent.  I do enjoy traveling, but the fact is that I have not been on an airplane in about 8 years and my wife has never flown.  This makes having the ability to fly so inexpensively even more exciting for me.  Yesterday, I signed into my Rapid Rewards account and found the following:

Southwest Companion Pass Earned

 

As the above photo states there are two ways to earn a “Companion Pass”.  Method A, requires making 100 “qualifying flights” during one calendar year.  As I have already stated, I have made 0 flights in over 8 years.  The other method is slightly more attainable.  Method B, requires you to earn 110,000 rapid reward points over the course of one calendar year.  That is the one I did.  As you can see above, I have accrued 110,519 points.

 

How did I do it?

Obviously that sounds like a ton of points and it is, but there are definitely some shortcuts to take to get you there quickly.  The first thing that I did was sign up for two Southwest Credit Cards, each one had a 50,000 point bonus.  After meeting the $2,000 spending I had 104,000 points in my account!  Gathering the next 6,000 was not quite as easy.  I continued to use my credit cards to gather points at a rate of 1 point per dollar spent.  This earned me 2,116 additional points (I would have much rather signed up for another credit card and received a nice bonus).  I also used the Southwest shopping portal this earned me 303 extra points.  I could have really maximized this method, but it seemed that I always waited too long when a great reward came along.  Some of the best included 9 points per dollar at Staples and 6 points per dollar at sears.  I was going to buy a TV from Sears and that would have earned me the 6,000 points no problem.  I messed around waiting for a big reward total and then feared I would miss getting the pass in time for my flight.  Although transfering points from Chase Ultimate Rewards do not count toward the pass, transfers from Hyatt do count.  I transferred 8,000 points from Chase to Hyatt, then those 8,000 points turned into 3,600 Southwest points.  Not a great ratio compared to Chase’s 1 to 1 ratio, but still earned my pass.

I booked my flight for October back in June when the prices got very low.  With the 110,000 points in the account I was able to book flights from Louisville, KY to San Diego, CA for 18,000 points round trip.  If my wife and I were the only two flying we could fly across the country for 18,000 points total.  We spent another 18,000 points for my daughter’s ticket, but it’s still pretty amazing that a family can fly across the country for 36,000 points especially when those points all came from signing up for a couple credit cards.  Each card had a $100 fee, so we will be able to take 3 round trip, cross country trips for $200 bucks.  If we leave the kids at home we would get even more value.

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How I earned 6% Cashback and 20 points per dollar on Spending this year

 

“Daddy, can we fly on a plane someday?” A simple question set forth by my daughter January of this year. As a father and husband I wanted nothing more than to book a flight to some beautiful destination at that moment. Unfortunately, in my capacity as the personal financial planner I am much less flexible. Absent a wealthy philanthropist deciding to sponsor our family sometimes we will not be afforded certain luxuries.

 

 

A few days later my brothers returned from a ski trip and my mother suggested that we take a big family ski vacation during Christmas Break. In the same way that my daughter’s idea to fly on a plane sounded fun, this also sounded great. However, my mind slipped back into the “how can I make this happen” mode. Obviously to even consider this kind of endeavor we would need to tighten our purse strings and save as much money as possible. We would need to purchase at least 3 plane tickets, which would cost at least $300 each. At this point I stumbled upon credit card offers that may help my family out.

 

 

I have been a long time user of a couple different cashback reward cards and feel that these are fantastic. The first card I signed up for was an American Express Blue Cash Preferred Card that would earn me $200 sign up bonus and 6% cashback on any grocery purchases. At this point I figured that I would buy gift cards from Kroger and use the extra $200 bonus to pay for these. This card also has a 0% intro rate for 12 months so it was nice. This card is very nice, but is only part of my overall spending strategy. It seemed that the more I looked into credit card offers the more benefits I found.

 

 

After that card I found the Chase Sapphire Preferred Card which has a 40,000 point signing bonus which can be used as a statement credit and be worth $400! I signed up for this card as well, met the spending and got the bonus points.

 

 

My biggest score of the year I will be writing in more detail about in a few days, but I was able to sign up for 2 Southwest credit cards. This netted me 106,000 points which are good toward about $1,908 worth of flights, but it actually gets better. When you earn 110,000 points in one year you earn a “Companion Pass”, this allows me the opportunity to bring a companion (my wife) along with me for free on any trip I book. Even if that flight is booked and paid with points. This effectively doubles the value of my points.

 

 

So far this year, as of 7/30/2013, my wife and I have racked up many miles, points and cashback. These have been earned through cashback portals and credit cards. In cashback alone we earned more than $775 in cashback. Even after paying the $75 annual fee on my AMEX we have earned over $700 cashback this year on our AMEX, Discover, Gas Reward Card and TopCashBack. We earned nearly 6 cents back on every dollar spent. We used this money to purchase a computer, which I built.

 

 

Even more amazing is our return on points and miles! We have earned over 400,000 miles! Even if you value these at only 1 penny each this means we have $4,000 worth of travel in our future. However, 235,000 of these miles can be used toward Southwest, which means they are worth about 1.8 cents per mile (doubled to 3.6 cents per mile with Companion Pass)! If we used all of these for flying Southwest we could get as much as $8,460 worth of travel on those 235,000 miles. Most of these points and miles came from bonuses and they all came from spending money normally. We earned nearly 20 points per dollar spent. That is like getting a 20% (or more) discount on everything we bought, even after finding the lowest prices.

 

 

In order to maximize our points per dollar spent we focus our credit card spending on those cards that provide the biggest payoff. I have a 6% Grocery Card, 5% Gas Card, 2 points per dollar on restaurant and travel. Even with these bigger returns my focus is on meeting spending limits on individual cards that offer big bonuses. If I need to spend $5,000 in 3 months to earn 60,000 points this is far more lucrative than the 5% or 6%. So if I am at the grocery and have not hit my $5,000 amount I will use the card with a spending goal rather than a 6% grocery card.

 

 

Using credit cards has been very lucrative for us this year and we look forward to taking many enjoyable trips at a deep discount. The use of credit cards inappropriately can be very dangerous. If you do not have the money to spend in cash, then using a credit card for spending is out of the question as well. We pay off our bills every month and have not paid any credit card fees over this amount of time. Also be sure to not bite off more than you can chew. For instance if you spend $1,000 a month normally do not sign up for cards that will require you to spend $4,000 each month in order to get the bonus.

 

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Lower Grocery Budget without Extreme Couponing

 

junk-foodphoto

Food expenditures are probably the easiest places to make budget cuts for younger Americans, but the grocery budget is also the easiest to justify keeping.  After all, statistics show that most Americans eat food on a regular basis (citation needed).  In fact, many scientists would probably agree that food is nearly a necessity for human survival.  With all of these facts buried in your brain, spending money on food is viewed as a necessity and unconsciously we reason that “our bodies need the nourishment and our bodies are worth the expense”.  There is nothing wrong with this assertion on the surface we do need to feed our bodies quality foods in order to keep them working in optimal condition.  Unfortunately, drawing a line between expense, nutrition and necessity is based on flawed logic.

Let me be clear, I am not advocating only consuming a dense diet void of any taste, but I would reason that spending more on your groceries does not make you healthier or love yourself any more than the rest of us.  I have drilled down into my spending data for the past few years and have noticed some amazing trends.  The statistics show (in my household), that those times when our food bill is lower correlate with better eating habits.  So, I can back into the reasoning that spending less on food makes my family healthier (not even considering less stress that accompanies bettering your financial situation).

I know that there are those among you that will argue, “it’s cheaper to eat unhealthy foods than it is to eat healthy.”  In many ways this assertion is correct, but there are moves we can make that swing the scale in our favor.  We must learn to value our food differently.  Rather than looking at food’s value on a calorie per dollar basis, we need to evaluate foods on a nutrients per dollar basis.  It’s much easier to get full on high quality foods.  Try this experiment, eat as much chicken and broccoli as possible, then eat a similar meal from McDonald’s.  You will consume more nutrition, get full on far fewer calories and spend less.

Eat at Home

Without question eating at home saves money.  If you are spending more by eating at home, you’re doing it wrong.

 

Go to the Grocery for Big Trips After Dinner

The times when we eat most unhealthy and spend the most money happen to coincide with those times when we have less food available at home.  Too often my wife and I will look in the refrigerator or pantry and say, “You want to go get some dinner?”.  This plays out poorly and expensively in two ways.  First, if we go out to dinner we will spend between $10 and $30 for that meal.  Option 2 is that we go to the grocery with our hungry eyes.  We purchase those items that would not be part of a normal shopping list.  From a psychological perspective it’s much easier to handle these smaller expenditures.  You don’t feel like you’re spending much money if you just spend $25 on most of your grocery trips.  It’s easy to splurge when your total is relatively low, plus you’re hungry and you’re worth it.

Going to the grocery for one big trip each week is easier to handle because you are less likely to make off the wall purchases.  Going to the grocery on a full stomach keeps your brain in control of food purchases.

Make a List

Knowing the items that your family consumes is important for shopping successfully.  Some items that we always try to keep in our house are Bread, Chicken Breasts, Ground Turkey, Ground Beef, Frozen Vegetables, Cottage Cheese, Peanut Butter and the list goes on.  The point is that we have taken a mental inventory of those items we eat on a regular basis and we buy them when they are on sale.  These tips also can be applied to other non-food items as well.  We are not super rigid with our lists, but we know that keeping these key items on hand around our house give us many of the ingredients needed for dishes we eat regularly.

Shop the Sales or go to a Salvage Grocery Store

This likely goes without saying, but making purchases when items are on sale is pivotal to saving money.  Knowing the list of ingredients your family enjoys is key, but so is purchasing these items when they are at their lowest prices.  At our local grocery store the regular price on a loaf of “Nature’s Own” bread is about $3 per loaf, but at the local Salvage Grocery Store they sell the same exact bread for $1 per loaf.  It’s the same delivery guy and everything.  Very often, going to a salvage grocery store is a better deal than even regular couponing and sale shopping.  Most recently, I found a 10 pound  “Black Forest Ham” that is normally found behind the deli counter.  At the local deli they charge more than $5 per pound on this item, but I bought this for $2 a pound.  Always keep stocked up, it might cost more up front, but you spend much less over time.

Buy a Freezer

Frigidaire Freezer

Around the holiday season 2012 my wife and I really started to embrace the stocking up on sales mentality.  We found turkeys were deeply discounted for Thanksgiving.  We ended up buying 6 of them in total and each one was a great deal.  I think the two cheapest were less than 20 cents per pound.  We also found glazed hams for at GFS for $1.30 per pound and ground turkey for $1.45 per pound.  We bought 100 pounds of the ground turkey and 5 hams.  We spent a ton of money, but we used my parent’s spare freezer to store these items, but it was running out of room.  It was then that my wife and I decided that we needed our own freezer.  We ended up purchasing a stainless steel upright freezer that was on sale at Lowe’s.  We ended up spending about $600 for the freezer, but by having the freezer we were able to capitalize on sale prices.  One of our first purchases after buying the freezer was buying boneless skinless chicken breasts by the case at Sam’s Club.  Normal price for chicken breasts seem to hover around $4 per pound or more.  We ended up buying 100 pounds for $1.77 per pound.  Our freezer has already saved us more than it cost in the ability to always eat sale priced food.

Credit Card Cashback

Of course anyone who has read the blog knows that I advocate getting money back by using credit cards for purchases you are making anyway.  So while you’re buying food on sale you might as well get a bonus discount after all your sale prices, coupons and smart shopping are considered.  With the exception of Sam’s Club, I can get cashback for grocery purchases.  One card give 5% at grocery stores, another gives 6% cashback at grocery stores which can really save quite a bit of money over the course of a year.  If I spend $6,000 a year at grocery stores then I will get $360 cashback on my American Express card which is pretty great for expenses I would incur under any scenario.

Start a Garden

Vegetables can be quite expensive when purchased at the grocery store.  My dear wifey bought bell peppers last week at Kroger for 50 cents each because she needed them for a recipe she had been eying.  We have grown accustomed to having a garden, but with the move and home renovation we did not get one planted soon enough.  Today we went to the local farmer’s market and actually purchased pepper plants for 50 cents each.  Even if each plant only produces one pepper we will be ahead.  We planted a late summer garden today and all of the seeds were a bit over $10.  Hopefully this small investment and minimal sweat equity will end up paying for itself many times over as we enjoy our fresh organic vegetables this fall for minimal cost.

 

 

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Reward Miles and Points Valuation

Trying to decide how to top off the extra 5,000 miles I needed to attain a companion pass I tried to do some evaluation of valuations.  I looked around to see different ways to transfer miles to Southwest that will count toward the companion pass.  I have some Ultimate Reward points from Chase, which transfer to Southwest at a 1 to 1 ratio, but do not count toward the Companion Pass.  However, transfers from Hyatt to Southwest do count, but the transfers from Hyatt to Southwest are at a rate of 10,000 Hyatt points to 4,800 Southwest points.  I would transfer 10,000 Chase Ultimate Rewards to Hyatt and then get 4,800 points.  How could I even consider such?  Afterall Chase Ultimate Rewards are worth 2 cents per mile and with this valuation I would be getting only 48% of the possible value.  A poor value proposition by any standards.  This got me thinking, what is a point worth to me?

Ultimately I did not decide to go this route, but it did make me further examine valuations that I have seen on other blogs.   The most baffling valuation to me comes from Starwood Preferred Guest points and their SPG AMEX card with a 25,000 point bonus.  It seems like many bloggers push its benefits and some say that it’s worth 2 cents per point.  Making the sign up bonus worth at least $500.  I have not signed up for this card, because it does not seem very valuable to me. Many people argue that you take the retail price of a room and divide it by the number of points needed and you come up with value.  Thus, if you spend the night in a room that is normally $900 per night and you spend 30,000 points you are getting 3 cents per mile of value!  I wholeheartedly disagree with this kind of valuation and reject the premise entirely.  Simple economics suggests that something is only worth what someone would pay for it.  I would never actually pay $900 to stay at any hotel so believing I got $900 worth of value from 30,000 points is a bit silly.  What is my opportunity cost of using these points?  Are there other options that would offer more nights?  I would be much happier staying 5 nights in a 5,000 point per night room that usually costs $100 per night even though my value is 2 cents per point, I am much happier.

Another favorite move of bloggers is to overvalue a first class award ticket.  I understand the desire to have bigger seats and more leg room on a plane.  I would also love to fly first class if anyone is interested in proving to me why it is worth doing.  However, I have read many accounts of trips stating, “I used 125,000 miles to fly first class roundtrip on a flight that would have cost $7,500 I maximized value by getting 6 cents per mile!”  Certainly telling your friends that you took a $7,500 flight for free is remarkable.  Again, this kind of valuation ignores the opportunity cost.  Let’s assume that instead you could book an international flight in coach for 50,000 points, but that flight only costs $1,500 normally this is only 3 cents per mile, which is pedestrian compared to the first class flight.  My first thought is that a plane is for transportation.  The goal is to get from point A to point B, if I want to sit in a comfortable chair I would just stay home.  I would never pay the $6,000 fare difference to ride first class so why would I sacrifice 75,000 more points?  What is my opportunity cost of doing this?  Instead of one first class flight I could (assuming award availability) invite a friend along and pay their way and still have 25,000 points to spare.  Many people use Chase Ultimate Rewards to top off their travel, but these 25,000 Ultimate Reward points are minimally worth $250 as a statement credit.  Which sounds like the better scenario, flying alone across the ocean or flying with a friend and arriving with $250 of free money to start?

When it’s all said and done only you can decide what is important to you.  I like to get more value out of my miles by purchasing more happiness and creating more memories.  Sure, I would probably love 1 night at the W. in Washington, D.C., but if I could get a week’s worth of hotel stays instead I am doing that.

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Dave Ramsey Modern Day Snake Oil Salesman / Financial Guru

In my formative years my attention was easily captured by loud, on-air television and radio personalities.  If they had such platforms they must be the smartest people in their profession right?  After I made countless billions of dollars following Jim Cramer’s shenanigans on “Mad Money”, I then sought out personal financial advice beyond investing.  I changed the radio dial and found Dave Ramsey with his strong voice and superior attitude, plus he was rich so he must know the best way to manage money.

After further examination, I found many flaws in the Dame Ramsey logic and philosophy.  But he wrote a book, so he has to know the best way, right?  What do I know though, he has way more money than me.  I recommended my brother get a reward credit card with a lucrative signing bonus for spending rather than a debit card.  His question to me was, “Doesn’t Dave Ramsey say that people shouldn’t have a credit card and use cash or a debit card?”  I asked him to explain the difference between spending money on a credit card and paying it off every month and spending it on a debit card.   The only thing I know for certain is that the math that I use to make financial decisions must be different from the math used by the financial guru.

Advocating Luxury Spending

Budgeting can be as easy or as difficult as you want to make it.  You can break down every dollar spent for every category (Clothing Budget) including allocating expenses into subcategories (Cut-off Jean Shorts).  Most importantly to climb out of debt is to maximize the difference between income and expenses.  This means cutting out any luxury expenses.  Certainly Dave Ramsey demonizes many of the luxury expenses that I agree with cutting out.  However, he still advocates a 10% tithe to church and charitable donations (versus 5% for utilities).  Giving to charity is luxury afforded those who have met all other obligations.  If you are in debt and cannot adequately provide for your family then you should not be considering trying to support others.  I understand that giving money to charity is nice, but it is also a luxury.  This is one of those luxuries that does not seem luxurious, it just seems like the right thing to do.  However, if you are focusing on climbing out of debt your money could be put to better use.  Let’s assume that you make $48,000 a year and give $400 a month to church, that amounts to $4,800 a year.  Let’s assume you owe $10,000 on a credit card paying 12% interest, if you are currently trying to pay off the loan in 3 years you will pay $1,859 in interest over the 3 years.  Instead you could spend the extra $400 a month paying off the credit card and you would save $1,089 in interest ($1,857 vs. $768), and pay off the credit card 1.7 years sooner than under your current schedule (3 years vs. 1.2 years).  If you’re still set on giving the 10% away make an IOU and keep track of all the charity you did not give.  As you can afford it, you can increase the charitable donations.  This also has tax implications as well since it would be better for most tax filers to donate to charity in a lump sum.

No Credit Cards

Dave loves to talk about how bad credit cards are for consumers, but goes out of his way to point out good deals.  I absolutely agree that using a credit card to accrue tons of debt at 15% interest is a ridiculous notion.  However, banks also have enticing bonus offers.  Such as the Chase Slate card which offers a 0% introductory balance transfer for 15 months.  Using the same scenario as above you could apply for the card, transfer $10,000 to the Chase Slate card and pay $0 in interest plus if you paid $729 per month you would have your loan paid off sooner.  Although I have heard him say that he can allow a 0% balance transfer he needs to be telling everyone to reduce their interest rates immediately.

The first time I really questioned his advice was when I was buying a computer in college.  Best Buy was offering a 3 years interest free financing offer.  I needed a computer and was going to spend $1,500 on the computer I wanted with cash or credit.  I had the cash in the bank accruing interest (higher interest rates than now) so I decided to finance the purchase.  I paid it off $50 a month and paid it off ahead of time.  Never did I miss one payment, nor did the credit card companies lose my payments or force me to spend more.  I still had the cash available to earn interest and spend as needed.

Over the past few years I have used my Discover card and a gas, grocery and drugstore reward card to earn cashback on almost every purchase.  I earned 5% cashback in specific categories, but never did I overspend to earn money.  However, I did earn a few hundred dollars extra on money I was going to spend anyway.  Sure, it has not helped me retire early, but it did allow me to have a few hundred dollars extra to spend on my family.

More recently I have captured signing bonuses of $400,  50,000 airline points ($833 worth of airfares) and other offers from credit cards just for signing up and spending money as I normally would.  Studies may suggest that people spend more with credit cards, (as Mr. Ramsey loves to point out) but this really throws personal responsibility out the window.  If you are responsible and pay off your credit card every month you actually benefit quite greatly from a credit card.

Dave likes to say that he does not know any millionaires who got rich from credit card rewards, but that is hardly the point.  To me, these reward bonuses are extra unearned income.  I can take a trip using these airline points which will provide richer experiences for my family to share.  Otherwise we may have not been able to afford to fly for a vacation, even on Southwest.  Millionaires never worry about things like this because they can just buy their own plane tickets (or plane if they have enough millions).

Debt Snowball

For those people listening to Dave Ramsey to pull themselves out of debt he advocates the “Debt Snowball”  whereby the individual pays down the smallest debt most aggressively.  The theory is that as you pay off debt you can have a small moral victory.  From a psychological vantage point this makes a modicum of sense, but from a mathematical and fiscal sense this seems absolutely illogical.  Let’s imagine that someone has debts of $5,000 at 0% interest $8,000 at 3% interest and $10,000 at 12% interest.  Mr. Ramsey would suggest paying the minimum balance on the $8,000 and $10,000 debts then pay the rest toward the $5,000 debt.  Unless the 0% interest rate is about to expire and reverting to a higher rate there is no reason to be paying this amount at all.  If you pay down the higher interest rates you will save money over the long-term.  If you are paying off $500 a month over the 10 months it takes you to pay off the $5,000 debt your other debts will have accrued over $1,000 worth of interest.

I feel like Dave Ramsey has spent so much time being a part of the rich and elite that he does not value an extra $1,000.  Whether it’s from money saved on interest rates or rewards earned through the purchases you are already going to make Mr. Ramsey finds these methods undesirable.

Selling Services to Broke (Broken) People

I am not against the profit motive, but I do think that picking the targets of profit attainment is something else entirely.  Dave’s core audience seems to be people who do not need to spend a dime on incremental expenses.  These people usually need to even cut their fixed expenses.  Yet, Mr. Ramsey seems to be more than ready to constantly recommend to his adherents that they purchase his books or come to his conferences.  As an accountant I always loved making budgets, especially creating them for individuals is fun.  The problem with this is that a Catch-22 situation is created.  Most people who need a budget cannot afford to pay for a budget and most people who can pay you are pretty good with money and can set up their own financial policy.

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Walt Disney World on a Budget – Saving Money (Tickets) (Part 3)

Save Money at Walt Disney World

Save Money at Walt Disney World

 

Finding a place to stay and determining the best method of travel is only the beginning of the expense for a trip to Walt Disney World.  If you were just wanting to drive to Orlando, Florida and stay in a hotel the total outlay for such a trip would be quite low.  Unlike other Florida vacations, where your family relaxes carelessly (and cheaply) on the beach, you will find no beaches in Orlando.  This is where careful planning might pay off.

The last time I took a trip to Walt Disney World was in 2011.  We had actually thought about visiting Walt Disney World and Universal Studios.  I actually love Universal Studios and find it to be very fun.  However, due to the pricing structures of bothe Walt Disney World and Universal Studios the economics of visiting both parks is difficult to make work.  Both companies charge more for a single day ticket than they do for a multi-day ticket (on a per day basis). From a business perspective it’s a fantastic choice, but for a family wanting to enjoy both parks it can work be difficult to accomodate.  A 1 day ticket to WDW is $95 per adult and $88 per child 3-9.  A 7 day ticket, by comparison is $302 and $282, which breaks down to $43 and $40 per day.  Let’s imagine that on day 8 you wanted to go to Universal Studios for this extra day you would pay about $90 per adult and $85 per child.  Alternatively, you could spend your 8th day at a Disney Park again for an extra 10 bucks per person.  This really complicates the vacation math and in my case made us stay with Walt Disney World for the duration of our 6 day trip.

Ticket Inflation

When you are trying to vacation on a budget, the last thing you want to hear is for someone to recommend you buy in advance of your journey.  In 2011 2 adult tickets for 6 days were $242 each for my wife and me.  This same ticket in 2013 would cost me $296 through Disney.  This is a 18% increase in 2 years!  So one surefire way to save money on your tickets is to buy them early!  When’s the best time to plant a tree?  20 years ago.  When’s the best time to buy a ticket to Walt Disney World?  20 years ago.  If you cannot swing buying them years early definitely buy them before the yearly price increases.

Cheapest Tickets

When purchasing tickets outright the best company that I found was Undercover Tourist.  In 2011 their price was better after tax than Walt Disney World tickets were priced at before tax.  Remember that Undercover Tourist shows total price you pay while the Walt Disney World website just throws the tax in at the end.

Ticket Discounts

Although I purchased my tickets from Undercover Tourist in 2011 I do not know if they are truly the best choice today if you are willing to take a little extra time.  I used the ticket comparison calculator for 2 adults and 2 children on a 6 day ticket the total from Undercover Tourist would be $1,103 while the price through Disneyworld.com is $1,145.  Certainly Undercover Tourist is $42 cheaper which makes them 3.67% cheaper.  If you just want to buy tickets quickly, this is a good bet.

However, if you time your purchase right you can save more than this by paying with a gift card.  Sign up for an American Express Blue Cash Preferred (special offer through card match tool)which gives a $250 sign-up bonus 6% cashback at grocery stores and 0% interest for 15 months ($75 annual fee).  Let’s assume you only get this card for your Disney trip and that’s it.  At my local Kroger they offer an incentive of 2x fuel reward points on any gift card purchase.  During certain times of year they offer 4x fuel reward points on any gift card purchase.  What does that mean?  Every 100 points earned is good for 10 cents off per gallon.  I went to Kroger when they offered 4x fuel reward points and used my American Express card to buy gift cards to pay for Walt Disney World.  The price is $1,145 which will earn me $68.70 cashback and 4,580 fuel reward points.  The rule for gas points is you can redeem up to 1,000 points for $1.00 off 35 gallons of gas.  Purchasing tickets with this method would earn $68.70 (6% cashback) +$250 (sign up bonus) – $75 (annual fee) + $157.50 (gas savings) = $401.20 in total savings on a family of four.  That works out to 35% off which is better than the 3% off offered by Undercover Tourist.  Plus, the 0% interest means you can pay your card off slowly like a nice savings account.  If you really want to amp up the savings take all of your gas with you on the trip and you will be filling up on $1 off gas!  I would not condone, recommend or try this trick myself, you would be saving cash on gas.

Ticket Choices

I have read other advice in the past and have heard many people suggest that people buy Park Hopper,  No-Expiration and other more expensive tickets.  I found the incremental cost to purchase these tickets were not cost effective.  This just goes to show that there are no right answers if two people will recommend opposite things.  As adamant as I am to not get the Park Hopper option, other people suggest it’s “a must”.  I believe Disney is expensive enough and there is enough to do without worrying about such an option.  For instance, if you go to Magic Kingdom, you can leave in the middle of the day and go back to Magic Kingdom.  With a little extra planning you can easily get by without the Park Hopper.

Park Options

Just as opinions vary on what upgrade options should be added to your ticket there are many strong opinions on which parks to see.  I find Epcot to be quite boring when compared to the excitement of Magic Kingdom.  I believe that Animal Kingdom has promise, but currently there’s not enough to do in the park.  That being said, I have had people come up to me and say “Animal Kingdom is so great!” or “I could spend the whole week at Epcot”.  I think that spending a week in Orlando and wasting every day at Epcot would be a punishment.

When my family went we had 6 days.  We went to Magic Kingdom and Hollywood Studios twice and Epcot and Animal Kingdom once each.  I used touringplans.com and undercovertourist.com to plan my trip.  I actually made a spreadsheet and evaluated each day based on expected crowd levels.  I also looked at the calendar to be certain that we were in attendance during “must see” events.  We went to Hollywood Studios on at least one day when Fantasmic was showing.  Without good preparation we could have easily just gone to the park and not known what we missed.

 

 

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Walt Disney World on a Budget (Part 2 – Lodging)

Walt Disney World simplisticsaving.com

 

“You HAVE TO stay on site!”,  “You’ve GOTTA get the Disney Dining Plan”, “If you do not buy a souvenir at every shop you hate your kids”

As soon as you express plans to visit Walt Disney World you will get a myriad of advice on how to have a great trip.  If you follow every piece of advice you are obviously quite wealthy and I would suggest that you bring me along next time.  While many of these tidbits are excellent on an unlimited budget, they are quite unproductive when planning a trip on a realistic budget and salary.  My brother recently got the insider advice to stay at the “W” when visiting Washington D.C.  While this advice may be excellent I would assume that a $500 per night hotel room would be pretty good.  I can only assume that this local preferred the accommodations found at the “W” to what you might find at “The Lincoln Bedroom”.

Keeping in mind when reading advice that every family is different and we all enjoy different things.  Stating an opinion on lodging is even more divisive than most opinions. While some people might think a $20 motel is a great value another family would refuse to stay in such a place even if they were paid $20 (or $2,000) per night.  As I have stated before, I feel that maximizing value based on your own valuation is most important.  This also goes for time spent in planning such a trip.  I enjoy putting time into the planning stage and minimizing costs while maximizing my value.  Sometimes I have trouble pulling the trigger for fear of a better deal passing me.

Disney Resort Hotels

In 2011 we went to Orlando and I did all of the research online.  I first looked to stay onsite because the accommodations at Disney’s lodging options are excellent.  I visited my cousin staying at the Wilderness Lodge and it is gorgeous.  All of the options staying on the property are fantastic.  If money is no object we would stay at Disney World, in the future we will also likely stay at one of the resort options.  I think that staying at the resort is much more valuable when you fly to Orlando rather than drive.  Staying at a resort allows you free transportation to and from the airport, which also means no rental car is an option.  I have not done this myself, but the minimal research I have done thus far this seems like a viable option.

Off-Site Rankings

The first thing I did was to take a look at all of the hotels in the area.  I found many different “deals” around the area, but it’s really hard to evaluate a property that you have never seen.  One of my favorite ways to check out a property is Trip Advisor because their rating system is based on actual experiences by hotel guests.  Other rating systems sometimes have a vested interest in ranking certain properties higher than reality.  One problem with all of the available discount sites such as Hotwire, Priceline, etc. are the huge price differences between each hotel guest.  The price you pay on a hotel room will definitely influence your ranking.  If I pay $300 per night for a room my perspective will be different than if I only pay $300 for the week.  So even on Trip Advisor it will seem like some people will have higher or lower expectations.  Another flaw is that sometimes ratings might be different if there is a recent renovation.

List

On my list of things I needed in a hotel was pool, high ratings and free breakfast.  I figure if all other things are equal and one place offers breakfast I will pick that place. Since we are going to eat in the morning anyway, if we can get it included in the price of the room that’s added value.  For 3 people that saved at least $8 per day if we just went to McDonalds.  I then evaluated all of the hotels that met our needs.  After that I checked out which one had the lowest price.  After narrowing them down is when the fun begins.  I did not pick the cheapest hotel on my list of acceptable hotels because I estimate value differently than lowest dollar amount.  I like to get the most bang for my buck.  I finally decided on a Country Inn and Suites – Calypso Cay, the pictures online made it look like a five star destination resort.  I searched around and found the room for $55 per night through EasyClickTravel.com.

Price Match

When you find a great price online there are often ways to make the price better.  I found the discounted price of $55 per night online, but when I went to countryinns.com I found that the same room was going for $75 per night.  However, I saw on their site that they guarantee that booking through them will get you the lowest price or else they will match it then discount the lower rate 25%!  I called the hotel and let them know that I had found the lower rate and they told me that I had to book through them first and it would be adjusted.  Much like mail-in rebates I am skeptical of offers like this, but I believe the best protection is backing up any claim.  So I took multiple screenshots of the discounted rate through every step.  I then booked the room and then immediately put in the price match request.  The first time I sent over a basic email stating that I had found the lower price and been told it would be matched.  I received an email saying, “Unfortunately we are unable to process your request”.  I then sent over another email with the direct link to the page and about 10 screenshots.  I got an email back saying “We have confirmed your lower price and have beat it by 25% your new price will be $39.90 per night”.  That was about as easy as possible.  Took just a bit of time and minimal negotiation. Not only is booking with the hotel superior because they beat the price, but I was also able to get 6,600 Club Carlson Gold Points.  I still have not used them, but if I get the Club Carlson Visa card, which currently offers an 85,000 point bonus, These points might be nice.

Cashback 

If I were booking this hotel right now doing the same method I would save even more money.  Using Cashback portals is so easy and can be quite lucrative especially when used in conjunction with a cashback credit card.  First you would click through TopCashBack then type in Country Inn and Suites, then simply click through there and get 5% cashback on the booked rate of $526.50 so I would have gotten $26 into my TopCashBack account.  Even if I did not get the extra cashback, it would be worth it.  I also booked with a Discover Card which had travel as a 5% cashback category so I saved another $26 in Cashback.  Basically those two cashback amounts paid for at least one night.  It is possible that they would catch on that the cashback was calculated using the higher amount, but either way it’s a nice bonus.

Blind Pricing

Priceline famously has a “Name Your Own Price” option which can be very good or very bad.  I have had both experiences and it goes back to the rating systems I spoke about earlier.  In my experience it appears that Priceline inflates some of the substandard hotel ratings in order to offer a really low price on a hotel.  If you take a bit of time it’s sometimes possible to figure out which hotel is being offered by either Priceline or Hotwire.  You can also go to BetterBidding.com and get some help on how to purchase a hotel.

Credit Card Sign Up Bonus

There are some very lucrative hotel sign up bonuses that can really help in paying for your trip.  You can get a credit card such as the Chase Sapphire Preferred which gives a 40,000 point signing bonus.  Then use the $400 as a statement credit to cover your travel.  You could also sign up for different hotel reward cards.  For instance, if you plan on staying at a Starwood hotel you can sign up for a SPG card which gives 25,000 bonus points.  A husband and wife could both apply for the card and have 50,000 points by simply hitting the minimum spend amounts.

Conclusion

Take your time when booking a hotel and make your decision based on things important to you.  Keep looking for deals and remember that many hotel chains offer to beat a price offered by an online booking agency.  Take advantage of reward programs, reward credit cards and shopping portals to add more discount to your prices.

 

 

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