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The Expert in Baby Boomer Travel

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travel budgeting

A boomer goes backpacking in Arizona's Superstition Mountains. Photo from southwestdiscoveries.com

A boomer goes backpacking in Aria’s Superstition Mountains. Photo from southwestdiscoveries.com

As frequent guest-poster and financial expert Jim McKinley points out in this piece, boomers on a budget can help realize their dreams of outdoor adventure — or any kind of travel, for that matter — by taking a number of relatively easy steps.

Tracking flight deals, accruing mileage points racked up by responsible use of credit cards, planning ahead, and saving on gear by finding coupons and promo codes online are all very doable.

And that list doesn’t even include camping or RVing to save on lodging (though maybe not your back). Or the great options now available on vacation rentals (airbnb, VRBO) that can make staying in a house more affordable than hotels, especially if you have other family or friends in tow.

Jim also provides a number of helpful links — so enjoy browsing through them, but… Continue reading

You can be a jet setter if you follow some simple financial rules.

You can be a jet setter if you follow some simple financial rules.

Today’s guest post is by financial writer Jackie Edwards, who offers some tips on how to get your finances in order to budget for your next big trip (and beyond).

Among other tips, she cautions that while international travel isn’t just for the rich, you should approach travel as an investor would — making sure it pays off for you personally.

Good planning, choosing the right destinations, and learning about personal finance are other ways to develop a realistic travel budget. So don’t assume you can’t afford foreign travel — instead, make it happen using the resources you have (or can develop) and using them wisely.

By Jackie Edwards

The term “jet-setter” implies a person who hops around the globe, seeing places others only dream of. It’s often used in conjunction with other terms like “the wealthy”… Continue reading

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According to government and private surveys:

  • Leading-edge baby boomers (born between 1946 and 1955) and seniors account for four out of every five dollars spent on luxury travel today.
  • Roughly half the consumer spending money in the U.S.--more than $2 trillion--is in the hands of leading-edge baby boomers and seniors.
  • Baby boomers (born 1946-1964) travel more than any other age group.
  • When asked what they would most like to spend their money on, baby boomers answered “travel” more than any other category, including improving their health or finances.

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