Newlyweds can afford the trip of a lifetime by using these money-saving travel strategies.
Honeymoons are romantic, but they can also be expensive. On average, couples are shelling out $5,342 on their honeymoon, according to a recent report from The Knot, an online registry and wedding planning site. That’s on top of what they’re spending on their wedding, which costs, on average, $33,931 nationally. But, there are ways to trim your honeymoon budget without taking away from the romance of this special trip.
Here are nine things you can do to plan a budget-friendly honeymoon.
1. Book Flights Early
Do a Google search for “best time to book a flight” and you’ll find a seemingly endless number of studies claiming what the best day is to hit the “buy” button. Don’t fret, though—we’ve sifted through the research and found there’s a consensus: travelers typically get the best prices by booking flights at least three weeks in advance. Indeed, CheapAir.com recommends booking within a window of 21 to 105 days ahead, depending on the season, with a domestic-flight sweet spot of 54 days before departure. Supporting that is a 2018 report from Expedia and the Airlines Reporting Corporation (ARC), which examined billions of data points to identify travel patterns and found that bargain-minded economy travelers should book 30-plus days in advance.
2. Avoid Paying Foreign Transaction Fees
Planning to honeymoon abroad? Some credit cards charge up to a 3% fee on foreign transactions. Though that may seem small, it can effectively negate whatever rewards points, dollars, or miles you’d earn using the card. That’s why Bill Hardekopf, a credit expert at LowCards.com, recommends international travelers always bring a credit card with no foreign transaction fees such as the Chase Sapphire Preferred card or the Barclaycard Arrival Plus World Elite Mastercard.
One caveat: some destinations, such as Cuba, do not honor U.S.-based bank or credit cards—meaning you’ll have to arrive with cash if you’re heading to one of those locales.
3. Save Big on Lodging
Good news:T are some simple, yet effective strategies to save on lodging. If you’re planning to stay at hotels, call the concierge to find out what the rate is—sometimes the over-the-phone price is cheaper than the online price—or use a bidding site like Priceline where hotels compete for your business. If you’re shopping for vacation rental, such as an Airbnb, don’t be afraid to haggle with the owner for a lower rate. (You’ll have more leverage if can request a multi-night stay.)
4. Choose a Destination Where Your Dollar Will Go Far
One way to trim your trip’s expenses is by choosing a location with a strong exchange rate. On the extreme end of the exchange-rate spectrum, you may want to consider honeymooning in Argentina, Sweden, or Nigeria, where the exchange rate for the U.S. dollar is predicted to decrease by double digits in 2019, according to a forecast by Carlson Wagonlit Travel, a U.S.-based travel management company. But you can also opt for a more moderate exchange rate by doing your homework before choosing your destination.
5. Travel During the Shoulder Season
Traveling during the “sweet spot” between high season and low season can help you nab a great honeymoon at a shockingly low price. Though shoulder seasons can vary when traveling abroad, most airfares and hotel rates in the U.S. drop in popular summer destinations as summer turns to fall, especially in beach towns, National Parks, and theme parks.
6. Want Fixed Costs? Book an All-inclusive Honeymoon
For couples that have trouble sticking to a budget while traveling, staying at an all-inclusive resort may be the most cost-effective option. With an all-inclusive resort your room, meals, drinks, taxes, and airport transfers are paid for as one flat fee—meaning you’ll never feel tempted to whip out your wallet and make an impulsive splurge.
Pro tip: Staying at an adults-only resort will up the romance—letting you enjoy candlelit dinners for two and couples’ massages without the hustle-bustle of families with children nearby.
7. Take Advantage of Free Entertainment
When you’re on the ground you can curb expenses by going to free museums and events. Nearify, a free mobile app (available on Android and iPhone) that compiles happenings in hundreds of cities, can help you discover free events near your location. Also, a number of cities offer free walking tours, which you can find on Google and FreeToursByFoot.com.
8. Redeem Discounts for Premium Memberships
Many hotels, rental car companies, and attractions offer reduced rates for members of frequent flier programs, credit card holders, and organizations like AAA and AARP. However, you may need to do a little digging to find these discounts, or inquire about them when booking reservations.
9. Need a Bigger Budget? Set Up a Honeymoon Registry
Nowadays many couples are creating a honeymoon registry to supplement their travel expenses. Having this registry will make it easy for your family and friends to donate cash for your honeymoon. Most wedding registry websites, including WeddingWire and The Knot, let you set up a honeymoon registry alongside your gift registry.