Budget-Saving Holiday Travel

Americans usually travel during the holidays and it can be expensive. Here’s how to save money on the ground and in the air.

ROAD TRIP

Gasoline costs often rise during the holidays, so look for savings. Some wholesale buying clubs sell gasoline at discounts. You can also look for apps that alert you to the lowest gas prices wherever you travel.

If you expect to travel for hours, pack sandwiches, snacks, and games to keep the kids content. If you need lodging, use rewards cards if the establishment offers lower prices for members. Also, look for coupons for your favorite hotel when using rest stops on major highways and interstates.

BY AIR

Look to fly during off-peak hours, including on the holiday itself, for some of the lowest airline fares. Check the airline website’s baggage guidelines to avoid unexpected fees at check-in, which is usually more expensive than booking ahead of time.

COMBO

Enlist family and friends to pick you up from the airport, if possible. If you have to rent a car at your destination, don’t buy insurance if your auto insurer already provides rental coverage.

Top Holiday Shopping Categories

Do you know where the majority of your holiday dollars go? The chart shows how other Americans spend during the holidays.

  • 36% – Home & Kitchen
  • 47% – Electronic & Accessories
  • 63% – Toys & Hobbies
  • 70% – Food & Beverage
  • 73% – Clothing & Accesssories

Source: Finances Online for Businesses Compilation

2021 Holiday Spending

Americans spent $886 billon on gifts in 2021, which was considerably more than they spent in 2020. Here’s how much more:

  • Clothing purchases: 33.1%
  • Sporting goods: 20.9%
  • General merchandise: 15.2%
  • Furniture & home furnishings: 15%
  • Electronics: 13.8%
  • Online purchases: 11.3%