645 Financial tips and laws for today and tomorrow

Here are the best tips for you to use while planning your first international trip after retirement.

Tip 1: Set a Suitable Travel Budget

• Set aside no more than 5–10% of yearly discretionary income to travel, unless you already have extra money set aside for it.
• Include a contingency fund of 10–15% for medical bills, cancellations, or surprise fees.

Tip 2: Use Senior Discounts and Rewards

• AARP, AAA, and travel groups for seniors sometimes offer special discounts.
• Max out credit card rewards or airline miles for air travel and accommodations

Tip 3: Make Intelligent Plan Changes

• Travel off-season or mid-week to reduce airfare expenses.
• Shop around for hotels, vacation rentals, and resorts that cater to seniors, then consider overall costs (taxes, cleaning fee, meals included, etc.).

Tip 4: Plan Ahead for Money and Banking

• Carry low-fee debit/credit cards overseas.
• Hold limited amounts of local currency but prevent unnecessary ATM charges by drawing out big sums at one time.