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One trick to traveling cheaply: flexibility Sam Kemmis View Comments So you want to travel on a budget. Who doesn’t? Yet it’s easy to get overwhelmed by all the cheap travel tips, hacks and strategies out there that promise unbelievable deals on airfare and hotels. In reality, there’s only one important tactic for traveling cheaply: being flexible with your travel dates, destination and plans. It might sound simple or even simplistic but you would be surprised how few travelers are willing to take this piece of advice to heart. To be fair, this flexibility-first mindset requires a paradigm shift for many in terms of how they start planning vacations. It requires moving from this type of planning:
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How to make the most of your post-pandemic travel budget June 5, 2021 9:45 AM Sam Kemmis, NerdWallet Posted: Updated: ungvar // Shutterstock The perennial desire for more living space, investors diving into the home-rental business, and the surge in remote work during the coronavirus pandemic, have contributed to a soaring rate of home renovations and booming housing market. Add in the Federal Reserve lowering mortgage rates, which reached a record-low 30-year fixed rate of 2.72% in 2020, and you’ve got a buying bonanza in a seller’s market. But not every aspect of the housing market is cheaper now than it was a year ago. In fact, the prices of many raw materials shot up significantly during the pandemic, whether from supply-chain gaps, wildfires out West, or peeled-back production to meet cratered demand that has yet to recalibrate. As homeowners flocked to hardware stores seeking supplies last spring, building supply chains couldn’t keep up. The price increases for materials, in some cases in the double digits, put home renovations and new builds out of reach for many or at least deprioritized until costs fall.