Easter: how to avoid unnecessary travel expenses?

This year long vacation According to the Ministry of Foreign Trade and Tourism (Mincetur), by Easter, the economic impact in the tourism sector will be $107 million.

Want to travel on a budget? Pacífico Business School finance expert Jorge Carrillo Acosta explains that the key is to budget.

“The first step is always a travel budget, which consists of setting limits for each type of expense we will be making. This will allow us to be more clear about what we are willing to spend, and in many cases these must be done in advance. Ideally, always pay for your trip with our savingwith some extra income, satisfaction not to resort to debt,” he told RPP.

For his part, ESAN Professor of Administration and Finance Edmundo Lizarzaburu agrees that it’s best to plan ahead for your next trip.

“In advance expenses they are more attractive and better promotions can be accessed. A hotel can cost 20% or 30% less, you can take packages that include different tickets and earn more money profitably and thus save money,” he said.

When making your budget, you should consider not only bus or plane tickets, accommodation or meals, but also tours and Purchase What are you planning to do?

Milagros Torres, Associate Academic Director of Zegel IPAE Business School, comments that we should avoid ant expenses during the trip.

“It is important to avoid ant spending, that is, these small expenses that, without realizing it, add up to significant amounts that can eventually hit our budget, for example, buying small souvenirs. Take advantage of free events. Many institutions take advantage of these dates to hold free events such as processions or fairs,” he comments.

Torres points out that you can also save on food by doing tourismTo do this, he recommends leaving the tourist areas and asking the locals and taking into account whether you can cook breakfast or dinner yourself to save some of those costs.

Another point you can take into account is the tax deduction that Peruvians can take while on vacation. Workers can pay less income tax or receive a tax refund when consuming at restaurants, bars and travel services, Sunat said.

“From 2021 it is allowed to support travel expenses To reduce income tax from work, if I use an artisan travel service and they issue a ticket or invoice with my ID, I can subtract 25% of these expenses so that they can be calculated in the amount of personal expenses that allow a tax refund later, ”- added Carrillo Acosta.

Carrillo points out that ideally you should always pay for your trip out of our savings, so if you’re thinking about traveling on other dates, experts recommend setting aside 10% of your income per month for this. For example, if you earn 2,000 soles and want to travel in a few months, you can save up to 200 soles each month.

It is worth noting that, according to the Export and Tourism Promotion Commission of Peru (Promperú), Travelers Citizens spend an average of 657 soles on a five-day trip inland.