Business travel is becoming more and more common, as companies grow so does the need for their owners / employees to travel. In fact, one of the largest expenses a company can incur travel. Here are some tips that can help reduce costs and make sure that the travel budget is not reached.
Making the cards:
If you’re planning to use the card for all expenses during a trip, be sure to use the best rewards card. This way you’ll earn points for everything you buy and can amass them enough for anything else. Also, if you are going abroad, make sure to use a card that does not charge a foreign transaction fee.
If you are going to use cash, be careful how and where you draw it. Some ATMs have big expenses. Also check the exchange rate before exchanging cash for foreign exchange.
There is no harm in couch surfing:
Yes you are part of a well-established company, but that does not mean you can not save money where possible. And sometimes the budget simply does not allow you to be in a cave hotel. In these cases, many other options. Sites like Airbnb which allows you to watch a house sharing options are very useful to find good accommodation at very affordable rates. And you may even have access to a variety of amenities such as a kitchen.
Utilizing apps phone:
When you’re in an unfamiliar city, things like entertainment and food can cost much – unless you know what to look for. And certain smartphone applications can help you with this. Applications like Yelp and TripAdvisor contain a list of restaurants in a given area and reviews of previous customers so you will have an idea of what you will walk.
Traveling on the right days:
Depending on the day you book the hotel or tickets may affect the cost in a big way. Some times of the year is packed with tourists, some are not. If you have a little flexibility in travel plans be sure to move it when tickets are cheaper even a few days can make a big difference in cost. For example, flights on weekdays are usually cheaper than the same flight on weekends. The same applies to rates.
Watch a business travel strategy before you go – all costs are not refundable. So expensive looking wine? Forget it unless you’re sure that the company will pay you back for such content. It is always a good idea to talk to the travel manager of the company and an overview of the costs will be covered in the move. Also, stick to stop the expenses of the trip – to save receipts and bills as you can. This will make it easier to keep a record and will help when it’s time for repayment.