Try these creative ways to pay for vacations in retirement.
By Jeff Rose | Oct. 14, 2016
Most of the time, a lack of funds is the only thing standing between retirees and their travel dreams. The good news is, there are plenty of ways for retirees to affordably travel if they are flexible and adventurous enough. Charles C. Scott, founder of Pelleton Capital Management in Scottsdale, AZ suggests house sitting as a way to save on travel when you’re retired:
4. Pick up a house-sitting gig.
Websites like TrustedHousesitters.com connect travelers with homeowners looking for someone trustworthy enough to watch their house and maybe even their pets. If you’re a retiree willing and able to travel to new places, you can see how this might look. If your idea of travel is slightly flexible, you might be able to score free lodging and earn some cash with this strategy. You’ll have to be willing to work some, but not too much. Best of all, you can throw any money you earn back into your long-term travel budget. “As always, be sure to check out the details, but this seems to be a very cost-efficient way to go,” says Charles Scott, a financial planner at Pelleton Capital Management in Scottsdale, Arizona. If you score a gig in an awesome spot, you can stay for free and live like a local, too.
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