Traveling Cheaply, Part 3: Vacation Houses

I have been so excited to write about this ever since I discovered it a few weeks ago!  I LOVE traveling, but I hate the expenses that make it difficult so I always love finding good deals to be able to explore as much as possible!  One of the easiest ways to save money on traveling is by finding cheaper lodging.  This is a great option because it is a necessity that eats up a large portion of a budget but I feel you can have a slightly lower quality to save money because, if you're like me and you like to spend the whole day doing activities (which you should!), then you won't be spending much time there anyway.  One of my first recommendations was hostels which you can read about in my post Traveling Cheaply, Part 2: Hostels.

Anyway, next month my husband and I will be heading to our friend's wedding in San Diego.  When I looked at the price of hotels in San Diego, I was flabbergasted.  It is hard to find one for under $200/night, and I'm talking about ANYTHING without having to go an hour away.  (The wedding is by the zoo so it's a huge touristy area).  So I got this great idea.  Since I knew a lot of people around where we live would be invited, originally I thought it might be great to get a large group of people going to carpool to save some money on travel expenses.  Then it hit me, a vacation home!  If we had enough people, we could all chip in to rent a home for a week and it would significantly lower the price, which we could then afford to spend more time and actually do some sightseeing instead of driving 9 hours just to go to a wedding and coming right back. 

Well I did some searching and found out lots of people own homes in high tourist areas just to rent out short term for vacations!  And the best thing was, I was finding very cute homes in a safe neighborhood (even walking distance to the zoo!) that sleep up to 6 people for about the same price as one hotel room would cost!  I couldn't believe the price differences.

It ended up that most people couldn't come down earlier so if we did want to spend extra time, we'd have to figure it out for ourselves.  I thought we'd have to fork out for the hotel but I realized that there weren't just large homes listed on these sites, there were grandma cottages, studio apartments, all types of housing that fit any number of people.  Heck, some people even had just a room for rent!

What we ended up getting is a "detached granny pad" as he called it for $60/night.  That's a third of the cost of a hotel room in the area!  Super cute, take a look!




So my new favorite tools for vacation planning: vacation home rentals!

Here are the two websites that I found I really liked:



Rent unique accommodations from local hosts in 190+ countries. Feel at home anywhere you go in the world with Airbnb.

This is the website where I ended up finding the place we will be staying.  There's also an app.  And by signing up through this blog, you get a $25 credit!







Find great deals on vacation home rentals, whether you're looking for a beach house in Florida, a condo in Hawaii, or a cabin in Colorado.


This is the site I originally found the house I wanted to get for the large group.





Hope this helps in your future vacation planning!  I could see how it could be really beneficial for families to be able to have separate rooms for your kids while not being totally separated and to have a kitchen at your disposal.  I also think you might be able to better immerse yourself in a city.  I'm curious to see what places like NYC might yield.  Let me know what you think about these options!

Saving Money For College

It's graduation time and that means in a few months lots of people will be heading to college so I thought I'd do a post about saving money for college.  I'd say I'm well versed on the nuances of college funding; I spent my junior and senior years of high school researching and applying for scholarships, I ended up attending 5 different colleges (two community colleges, two public universities -- in state and out of state, and one private university) over my 5 year span of undergrad, and I received various sources of funding (529 plan from an inheritance, government funding, school and private scholarships).  I also helped my husband (boyfriend at the time) apply for loans when he transferred to a university.  So I hope this little article can help on people being able to better afford college.

Types of Funding for College

First, lets clear up all the different kinds of funding you can get for college.

Scholarships and Grants
This is money you do not have to pay back, the best kind!  These can be from the government, from the school, and from many private companies or organizations.

Loans
Obviously this is a loan which means you have to pay it back.  But student loans are some of the cheapest loan options.  You do not incur any interest while you are still in school (some do require a full time status so make sure you meet all requirements for this) and there's even a grace period after you graduate, usually 6 months, before you have to start paying anything back.  Interest rates are some of the lowest types of loan rates.

Work Study
Work study is a program where you work jobs at the school to help earn money to pay for your education.  These can be better options than trying to find a job outside of the school because it is easy to get to, they work around your schedule, and even can be in your field of interest.

529 Savings Plan
Since this is a savings plan, it really needs to be implemented years before you plan to attend school so it's not the best option if you don't have any to invest or don't have the time.  More on this later. 


You can have any combination of funding and as much as you want.  Just because you get a full ride scholarship doesn't mean you can't apply for private scholarships or do work study as well (unless stated in the rules of you scholarship).  While your tuition might be paid, there are so many other expenses that goes into higher education.  Schools' and companies' policies on imbursement vary.  Some might pay directly to you but most are given to the school.  But some schools pay you any leftover amounts after deducting all tuition and fees.  There can be a grey area then on taxes whether that is taxable income or not, but especially if you are not living on campus, usually you can say that it was used for higher education because living expenses are included in that.

 
How to Get Funding

Step 1: Fill out the FAFSA

The Free Application for Federal Student Aid (known as the FAFSA) is a form you fill out online for government and school funding.  It is a requirement at most schools anyway, but it's also the best way to get funding.  It is how the school will determine what financial aid they will offer you, what the government will offer you and federal loans.  You need to fill it out every year that you will be in college.  Here's their website: https://fafsa.ed.gov/

**Tip: Fill it out early!  You need your current tax info (and your parents' if you're a dependent) so fill out your taxes as soon as you can and then do the FAFSA.  They give out money on a first come first served basis so the earlier you fill it out, the more money you can potentially get!**


Step 2: Apply for Scholarships

High School Seniors:
This is the best time to apply for scholarships.  Most scholarships are for high school seniors only.  There are a wide range of scholarships based on academics, activities and interests, heritage, and your major to name a few.  Apply for everything you are eligible for, you never know!  Sign up for FastWeb which is an online scholarship search.

Everyone Else:
While most scholarships are reserved for high school seniors only, don't let that stop you from searching!  There are a lot of scholarships offered through your school's departments that aren't as widely advertised.  Sometimes these are the reverse and are actually reserved for upper division only.  I once got a scholarship from the Performing Arts Department because I was the only one that applied.  Search online or go to the dean's office.


Step 3: Sign up for Upromise
Upromise is a rewards program where you get cash back for using your cards at certain stores and shopping online through their website.  You can sign up for your children (or yourself if you're over 18) and you can even add family and friends' as well.  You're supposed to use the money you earn for college, though I don't know how they regulate that since they just send you a check.  This is great for parents to start early on in their child's life, but it can be started anytime.  Every dollar helps!  Sign up here: http://www.upromise.com/



California Military Dependents
There is an awesome program called The College Tuition Fee Waiver for Veteran Dependents.  It covers all tuition and fees at any California Community College, California State University, or University of California campus.  This can be renewed every year until you are 27.  The requirements are really easy to meet since the disability just has to be 0% or more.  For more information click here.


529 Savings Plan
If you are a parent trying to save money for your child's future education, this is probably one of the best ways.  This is a savings plan specifically for higher education.  There are several investment options to choose from though usually in a mutual funds.  The savings and interest are non-taxable, even when funds are taken out, as long as they are used to pay for education.  As with any savings, a long term investment will give you the most rewards.  There are many different companies that offer these plans, so do your research.


I hope this helped clear up ideas about funding for college!  Let me know if you have any questions.

I Just Made Dinner for 2 for $3

Second post of the day?  What?!  I just HAD to share this.  Last night I made dinner for myself and my husband for $3!  And it was tasty and filling too!

This is what we had:

I got each of these at the Dollar Tree.  My husband loved the biscuits, I thought they were okay, and the soup was really tasty (though I did add some shredded cheese and a dollop of sour cream).

Thanks Dollar Tree!  See my post, First Tip: THE DOLLAR STORE!!!, for more things to buy and save at the dollar store. 

Last Post of the Wedding Series: Wedding Debt

This will be my last post on the little wedding series I created.  It has been so much fun to write about saving money on your wedding and I hope this has helped many brides to be (or grooms to be)!  :)

This post I'm going to talk about what happens after the wedding and honeymoon . . .  wedding debt.  If you're lucky, you'll either have somebody else paying for your entire wedding, have saved enough, or are able to pay it off in a timely fashion.  But for many, that is not the case and I am very sad to say that it is true for my husband and myself.

As you know, I am a huge proponent of using credit cards by using them wisely (See Make Money With Credit Cards).  This means never accruing debt by always spending within your means and paying off the bill each month in full.  Obviously this is quite hard to do when paying for a huge expense like a wedding so in my post, Using Credit Cards to Pay For Your Wedding and Honeymoon, I recommended opening a new card or two with a promotional 0% interest period to use to pay for your wedding and then paying off that card within the promotional period (therefor not paying any interest on the charges).  Well my year is almost up for the 0% interest on my cards and I am nowhere near to paying it off.

I really had no idea if we would be able to accomplish it.  I had really hoped so but with so many variables in my husband to be and my own income as well as moving, I didn't know what our budget to live and how much we would be making each month would be and so how much we could pay off each month.  After about 8 months, I know that we can comfortably live off of what we make and still pay a little off our wedding debt, but not enough to pay it off in time.

The safe and frugalness in me wants to be so upset that I didn't accomplish this, but I have to take a different mindset.  Honestly a large wedding and honeymoon is a big life purchase and it's okay to be paying it off over several years just like you would for purchasing a house, going to college, etc.  I'm very happy with the wedding and honeymoon I had and I wouldn't change it for all the money in the world.  And I would be more upset with myself years later if I hadn't gone big.

So now it comes to paying it off.  For my first card that came to the end of the 0% promotion period, it didn't have as much value on it.  I ended up transferring the balance to another card that was offering a 0% interest on balance transfers promotion (and payed a fee of a little more than $100, still less than interest would be).  I figured I could just keep getting new cards that have this offer and transferring the balance.  Wrong.  Not only at this point was I really messing up my credit score by having cards that were over or at the top of the credit limit, but each time you open a new account it lowers your score.  That makes it harder to get the better cards.  Plus, when you first get a new card, the credit line is pretty low.  I had a HUGE balance on my remaining card.

I realized it would get way too complicated to keep playing this transfer game.  I had been getting some things in the mail offering great rates on personal loans.  Once I realized this was a huge life expense that was going to take years to pay off, I figured a loan was the best option to consolidate and get the debt off of credit cards!

So I started researching personal loans.  I found out that peer to peer usually have the best rates since they are funded by people just like you and me and not a big corporation that has thousands of employees to pay.  Prosper was said to be one of the best companies.  So I applied.  I did not qualify (probably from all the credit card debt that I was trying to eliminate!).  I tried under my husband.  He did not qualify (Most likely because he has like no credit history.  We're going to work on that).  But they did point him to a different company that offered him a loan for just above the amount we needed to pay off the card in question.

I was filling out all the appropriate fields to accept the offer when it dawned on me, "What is the APR for the credit card once the promotional period ends?"  I went and checked and lo and behold, that rate was lower than the loan rate.  WAY lower.  I know credit card rates fluctuate but I thought at least for now, we might as well wait and just keep it on the card!

So the moral of the story is, pay off your debt within the period if you can but if you can't, just keeping it on the card might be the best option!

Save Money on Your Honeymoon

So for the last few months I've been focusing on wedding planning and since that is coming to a close, I thought I'd offer a little help on saving money for that special trip after the wedding . . .  the honeymoon! 

Of course this information can be used to help plan any trip, but I'm going to focus on destinations associated with honeymoons.

Choosing a Location
Obviously the closer you are to a destination, the cheaper it is to travel there.  So think about where you are in relation to where you want to go.  For instance, someone living on the west coast is going to be able to go to Hawaii much cheaper than someone on the East Coast.  Just like someone on the East Coast can get to Europe for less, and those in the Southern region can get to the Caribbean the cheapest.  That extra couple thousand miles to fly across the entire United States can add a couple extra hundred or even thousand dollars.

Searching for Deals
I search around a lot before making any major purchase.  While I have a few sites I often rely on, I still check other places before buying just to make sure I am getting the best deal.  Sometimes another site can be having a sale!  Here are some of my favorites:

General Travel Deals

 
Most of you have probably heard or even use Groupon to get great local deals, but you can also find deals on vacation packages.  They offer highly discounted complete packages, often with hotel and airfare and even activities!  If they don't have a package for the place you want to go, they also have discounted hotel rates at virtually every major city. 










This is basically the same as Groupon Getaways.  Make sure to check both sites as they can have very different offers at the time!

*Make sure you read the fine print for all these offers, there can be specific dates that you can use it and often the deal is only for specific airports and you will have to pay extra to get to one of those airports.  But the savings can still be worth it!


Caribbean Packages and Cruises


This site has great deals for Caribbean resorts and cruises!


Europe


This is a fantastic site that I actually ended up using to create my honeymoon to Ireland.  I love that it is totally customizable: you get to chose what cities to go to, you can chose your mode of transportation, you can upgrade hotels, and you can even opt out of their hotels for one or two nights if there's a specific place you want to stay and they don't offer it.  Plus you can buy excursions here too (though do check to see if there are better deals).  And it's all in one place!


Cruises


This site must be run by the same people as Cheap Caribbean because it has a very similar layout.  Look for good deals on cruises!


Paying for Your Honeymoon
Use a new credit card for just your honeymoon expenses.  Find a travel credit card with a nice signup bonus that maybe you can use!  (See my article Using Credit Cards to Pay for Your Wedding and Honeymoon for more information)  This is a good one for travel: BankAmericard Travel Rewards Credit Card

Honeymoon Fund

Instead of a traditional wedding registry, some couples are now asking for money for their honeymoon.  Honeyfund is a popular website to help this.  I personally think if you are having a regular registry that it's too much to also ask for honeymoon money but that's your choice!

Have Fun!


P.S. Make sure you have your passport if you're traveling internationally (even Mexico & Canada)!  This is an expense too if you don't have one already and it takes a few months, so plan ahead. 

After the Wedding, Making the Money Back

It's been a while since I've done a new post, my life has been crazy busy!  In my last few posts on saving money for your wedding, I want to talk about ways to recuperate the funds invested in such an expense.

For a wedding there were probably a lot of decorations you ended up buying.  Many of these are reusable items but you may not ever have the need to use them again or you bought too many for just a home.  You should consider reselling these items.  I use eBay but you can use craigslist or a similar website or have a garage sale!

Things I'm Reselling From My Wedding:

• cake stand
• vases
• candle holders
• string lights
• unused accessories (shoe clips & jeweled belt)
• tablecloths

If you're not sentimental about your dress, sell that!  There are many brides looking for a good deal on a great dress and don't mind if it's used and you could make a lot back!

Sell back any and all that you want!  As you know, there are hundreds of brides looking for anything wedding, why not make back some of what you spent on it?

Buying the Wedding Dress, It's Easier Than You Think!

So another big expenditure in weddings is the wedding dress.  You can spend thousands on it, depending on your taste.  If you only want a simpler dress, than you shouldn't need to worry about the price.  But if you want something big or ornate or with a special fabric, you need to put a part of your budget aside for it.

Unfortunately my taste was on the bigger side and I definitely wanted buttons down the back which adds on a lot of money.  I wasn't sure if I was going to be able to get a ballgown, with a train, and the buttons.  I also thought my best bet was to go to a large chain store, thinking they had a much larger choice of cheaper gowns.  Boy was I wrong.

I headed to David's Bridal for my first fitting.  It was HORRIBLE.  Don't get me wrong, I think David's Bridal or similar department style wedding stores are great options for your bridal party because they offer a large selection at decent prices and a number of stores throughout the country, in case you have bridal party members out of the area.  But DO NOT go there for your wedding dress.

The mood isn't the dream setting of finding your dress: it's cramped (there was nowhere for my guests to sit, they had to stand for an hour!), you're rushed (my consultant even was helping another person at the same time!), and they don't really listen to your wants.

But the biggest point is, especially for this blog, they actually didn't have that many cheap options.  Well let me rephrase that, they had plenty of "cheap" options.  Meaning, when I asked for lower priced dresses, they gave me that but they were terrible looking -- terrible quality, horrible materials, they looked like prom dresses.  They said for what I wanted, there was no way to get it at a lower price (under $1,000).

I left disheartened, thinking I was not going to be able to get the dress of my dreams.  I scoured the internet for other places.  And decided to go with a local boutique that had great reviews that said they had many options for those not wishing to break the bank.  This is where I ended up finding exactly what I wanted for a price that couldn't be beat!

If you live in the San Francisco Bay Area, I cannot recommend Gesinee's Bridal in Concord enough!  They have a fabulous upstairs boutique for brides only with a huge selection of beautiful dresses all under $2,000!  They spend time and really feel what you want to be able to find you the perfect dress.  While I will say their alterations are a bit pricey, just know that now and you can shop around for a cheaper alterations place. (http://gesineesbridal.com/)

The moral of the story is, don't be pressured to go to a huge store to find a deal on a dress.  There are plenty of local boutiques that have what you want for a price you can afford.  Search the internet (Yelp is your friend as reviews from other brides are priceless!) and try it out.

Where did you find your dress?