FORT LAUDERDALE, FL--(Marketwired - Dec 20, 2013) - For many Latinos living in the United States, the option of debt consolidation as a solution to financial problems as well as a day to day strategy for saving money is simply unheard of. Although debt consolidation is probably not a term that is known well enough among the 79 percent of the Latino cardholders that carry credit card balances, even if it provides debt relief options that can help families consolidate unsecured debt into one monthly payment, when it comes to traveling during the holidays, everyone can stand to save a few dollars.
Howard Dvorkin, CPA and founder of Consolidated Credit, gives you a few tips for saving as much as you possibly can during the final months of the year:
Get your tickets early.
The earlier that you make your plans, the more money that you will save overall. As people start to panic as the holidays get closer, they are much more likely to pay more for plane seats and hotel rooms. The businesses are absolutely eager to charge these higher prices, so find your way into the seats before the last minute panic hits. This is especially true for those Hispanic families hoping to visit loved ones in their countries of origin thousands of miles away.
Bundle your purchases in order to save money.
You can usually save quite a bit of money if you buy your accommodations, travel and ground travel all at the same time. Get a good travel agent or simply use any of the aggregate services that the large hotel and car rental chains use. If you have airlines, hotel or car rental points, check if you can redeem them before they expire.
Search for hotels and planes that have last minute changes.
Even if you have your tickets ready, keep yourself on the list for last minute changes for other airlines and hotels and cars. If these businesses have a last minute cancellation, they are sure to start calling to fill those vacancies. You can get an even lower price in many occasions when you simply wait it out as a second option for yourself.
Load up your wallet with cash.
Leave your credit cards at home and load up your wallet with cash, if possible. "This will force you to stay on budget and avoid overspending," says Dvorkin. According to Consolidated Credit Counseling Services, people spend up to a third more when paying with credit instead of cash. There is no emotional attachment to plastic like there is to cash. Check Budget Made Easy.
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Consolidated Credit has also recently introduced the Free Budget Tool iPhone Application: http://www.consolidatedcredit.org/personal-finances/money-management/iphone/
About Consolidated Credit:
Consolidated Credit (http://www.consolidatedcredit.org) is one of the nation's largest credit counseling and has helped over 5 million people over more than 20 years with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.