Did you ever play the “What if” game when you were a kid? It would drive my mom crazy:
“We’re going to your grandma’s house and you will eat whatever she serves for dinner.”
“What if she makes broccoli?”
“You will eat it; you love your grandma’s broccoli and cheese.”
“What if she doesn’t have cheese?”
“She always has cheese.”
“What if she didn’t have time to go to the store?”
“Then you will be polite and eat the broccoli plain.”
“What if I throw up?”
And so it went until my mother gave me the “push me any further, and you’ll get a whuppin” stare.
Today’s economy brings all kinds of “What Ifs.” What if your airline goes bankrupt? What if they merge with another carrier and cancel your status? What if my cruise ship gets infected with some bizarre food-born bacteria? What if the price of my hotel doubles before I arrive? All of these are significant concerns and while I can’t guarantee a solution to any of them any more than I could guarantee that my grandmother would serve her Christmas fudge for dinner instead of broccoli, I can help with one problem in particular.
Consider the exchange rate and how the dollar has taken a beating in recent months. Now consider the possibility that you want to take a vacation abroad. Suppose you book a hotel in
You can eliminate the stress from this situation by simply paying for the room in advance. This is a very smart thing to do for a couple of reasons. If your trip is booked far enough in advance, you can absorb the cost of the room and you’ll need less cash on hand when you go on your trip. Paying in advance also locks in the exchange rate along with your hotel rate. Just make sure they offer full refunds in the event of cancellation with a certain amount of notice. Who knows, what if you get poisoned by a bad batch of broccoli?
EXTRA: If you have questions for Ken regarding business travel, hotels, airplanes, etc, please call 1-877-49-EXPERT. Your questions will be recorded and Ken will answer the best ones in his Ask the Expert podcast show.