Traveling is amazing.
Whether you are driving across the country in a van or flying across the Atlantic to explore Europe, trips will make you grow, they will show you the cultures of this world, they make you a better person.
According to a study published in the Hostelworld Global Traveler Report, travel-hungry British traveled on average, to 10 countries, Germans have seen 8, and the French traveled through 5 countries on average.
This is part of our Open Book series, you can start here if you did not read our first post.
We are in June and it is time for our mid-year assessment. We have been tracking our income and spending for years and since we discovered the whole concept of financial independence, we started tracking our savings rate. The amazing thing is; the more we can increase our savings rate, the faster we can claim our financial freedom.
Last weekend, we went to New York City to unwind and discover the Big Apple. It was a great way to forget about our daily routines and enjoy the high-pace of the city. A few weeks before our trip, we planned a few activities and booked our hotel with reward points. We booked a hotel in Midtown (Time Square) for $325 a night but we actually paid a total of $0.00 for our whole stay.
In the year of 2016, we optimized our spending and coordinated multiple credit card applications to maximize our travel rewards. Over the year, we applied for multiple TD cards, each a CIBC card, multiple American Express cards, and an MBNA Alaska Airline card each. (Using these affiliate links will give you a bigger welcome bonus or cash back.)
All in all, we accumulated over 250,000 Aeroplan points, over 10 free hotel nights, and over 50,000 Alaska Miles.