How We Saved Over $10,000 in Hotels/Airbnbs By Using Home Exchange

That title may seem like click bait -- but it's absolutely true.

When we signed up for Home Exchange, it was just a way to continue to "rent" our house while we traveled without really renting it. A few years prior, we started to Airbnb our house when we were out of town, as a way to make a little extra income. However, Nashville really cracked down and started taxing everything, and it no longer became worth it for us.

Enter: Home Exchange.

While we didn't actually gain any income, we gain a lot in free travel perks! I wrote about Home Exchange before, and how it only costs $150 for the year and you have access to as many swaps as you want. And we made our money back 100x over. Not to mention, we were not taxed on any of these says, since no money changed hands. We get new requests almost daily from all over the world. We say no to 95% of the requests that come in - it just depends on timing, location, etc.

A little back story: In the last 18 months, there was a huge shift in Matt's line of work. With many North American oil fields closing, and many of his customers being connected with NA oil, he was losing customers & shipments left and right. While we are smart with our budget and knew we'd be fine, we thought of ways to cut down on costs for 2016 (after seeing the slow down in 2015). The biggest luxury in our budget is travel (something we budget for! and I should note our shopping/eating out budgets are much smaller so travel can be bigger), so I knew we could cut back on trips and still put the amount into savings we were hoping to do last year. 

What's amazing is that between home exchange & our Southwest companion pass, we spent almost NOTHING on travel. We paid for food and any activities of course, but these are the small potatoes on most of our trips. Airbnb/Hotel costs + flights are always the most expensive part of going anywhere. 

How exactly did we get over $10,000 in free lodging? Here's the breakdown.

March - Cabin in Virginia - $750 (3 nights, based on $250/night they rent out for cabin)
They requested a stay and Matt ended up using these three nights in a cabin for an awesome guys weekend. They only paid for food & gas and it was a cheap trip for everyone!

July - Crown Heights, Brooklyn - $6,200 (31 nights, based on $200/night they actually rent their house out for)
This was the money maker, so to speak. Now - you could definitely play devil's advocate here and say "would you ever really spend $6k to live in NYC for the month?" - and the answer would be no. However -- we got to do it. For free. Even if you weren't going to buy an ice cream, and someone gave you a coupon for it and you redeemed it, you still enjoyed the experience FOR FREE! It's kind of the best thing ever.

August - High Park, Toronto - $1,750 (7 nights, based on $250/night average in that area)
We had never been to Toronto before, and it was so much fun! The area we were in is considered High Park, but it was also close to cute spots called Bloor West and the Junction. We had so much fun hanging out in Toronto and absolutely loved this location.

November - Tamarindo, Costa Rica - $1,400 (7 nights, based on $200/night they rent out during November)
If you can get yourself to Tamarindo, GET THERE! We loved it here so much. The condo we stayed in had a killer pool, two balconies, and was just a few minutes walk to the beach (you can't build condos directly on the beach in this area, but we were as close as you could get). Not to mention with 5th floor views, we enjoyed every sunrise and sunset with a nice glass of vino.

Technically, we've also "earned" the following two locations during non-simultaneous swaps. They've already stayed at our house, and we are able to cash in on their houses when we can make the trip!

Bondi Beach, Sydney, Australia - $1,500 (1 week at $150/night, average for the area)
We hosted these two Aussies in October 2016 and it was so much fun! Hosting is another option in home exchange, but not if you don't want to. We did FaceTime and emails in the 6 weeks before and got to know them a little more. We absolutely loved "hosting" and would do it again. They originally wanted to swap in October, but we knew it wasn't an option for us with only 6 weeks notice, so they suggested hosting. So we get to visit them next time.. hopefully soon!

March 2017 - TriBeCa, Manhattan, NYC - $1,400 (4 nights, based on the $350/night she rents it for)
We are cashing in on this in March for my birthday, but they already stayed at our house last April. We did a non-simultaneous and it worked out great for us!

Grand Total: $13,000

This is of course an estimate, but I estimated it mostly based on the price that these people rent their homes out for, or a median of similar homes in that area. 

What's most amazing about this is we thought we'd travel LESS in 2016 because of self imposed "budget cuts". However, we traveled MORE and spent less using Home Exchange! We got to stay in some really gorgeous places, and I can't wait to see where Home Exchange takes us this year! 

So... have you signed up for Home Exchange yet?
xo

Why I Love Our US Bank Flex Perks Travel Rewards Credit Card (and so will you)!

Before I met Matt, I'd never even heard of US Bank, let alone used their services. Now that I've married into it, I don't know how I ever worked with another bank. Their customer service is actually helpful and they DON'T charge ATM fees. Let me count the ways I love thee.

Loving your bank. It's a wonderful thing.

Now, what's even better, is the bank you love so very much offering the credit card from heaven. Enter the US Bank Flex Perks Travel Rewards Signature Visa. 

And let's be clear - I am not being compensated for writing this. Although I should be, because I'm always singing the praises of this credit card. We put all of our monthly expenses (that are credit card charge-able... so basically everything except utilities) on this card so we rack up the points pretty quickly. We recently used it to book our flights to Italy. Yes, meaning we are flying there for FREE. 

It's perfect for people who love to travel, and here's why.

Points

• 1 point per every $1 spent. So if you spend $1,000/month, you'll get 1,000 points. 
• 2x points on the category you spend the most on in that month between gas, groceries, or airline travel. The best part about this is you don't have to sign up or choose - it automatically doubles your points for you.
• 2x points on cell phone expenses 

flying into NYC on my free flight thanks to my reward points

Rewards

• Reward flights are booked through Travelocity. This means you can book on ANY major airline. Unlike the Southwest card or Delta Skymiles Amex, your miles can go anywhere on any major airline through Travelocity. 
• Delta, United, Virgin, Jet Blue, Sun Country, Alaska Airlines, Spirit, American, US Airways, and Frontier and probably a few others on Domestic flights
• Aer Lingus, TAP Portugal, AA, British Airways, Delta, Finnair, Iberia, Lufthansa, United, Virgin Atlantic, Air Canada, US Airways, Swiss Air, Brussels Air, KLM, Air France, Air Europa, SAS, Icelandair, Quantas, Air New Zealand, China Southern, Cathay Pacific, Singapor Airlines, Asiana Airlines, Japan Airlines, Air China, China Airlines, Philippine Airlines, Fiji Airlines, Air Tihiti.... just to name a few International options.
• I just did a few searches and these are what came up. The sky truly is the limit.
• Here is the award travel chart. Unlike most mileage programs, the points are directly related to the money you spent. Unlike others (I'm looking at you, American Airlines) who charge more points for peak times. 

• You can also bundle hotels, car rentals and more to save points. 
• Last year we booked 2 flights to NYC and a gorgeous hotel for about 50,000 points total. 20k per ticket & added 4 nights in the Conrad New York in Battery Park for 10k points. An incredible deal for 4 nights in a hotel that costs over $500/night & flights that were ringing in around $350/ticket! Our almost $2,700 trip (let's be honest... I never would have paid $500 a night for a hotel in New York, but still) was paid for except a Metro Card and meals. That's what I call cheap & cheerful.
• You can read about all of the reward options here.

enjoying drinks in the Conrad Hotel bar... happy to splurge because of our free flights and hotel!

Perks

• Booking through Travelocity means NO blackout dates or times. You just have to decide what points you want to spend (there are always great options since you can choose from any airline)
• On paper, Flex Perks is "buying" your flight on Travelocity. This means you'll get all of your standard airline frequent flyer miles even though you've purchased with "miles"! This is a big perk when thinking about international flights! 
• Every ticket you book using Flex Perks rewards, you're entitled to $25 in flight credit. This can be used to buy in flight wifi, a glass of wine, movie rental, or a nice snack pack. It will automatically be erased from your statement.
• It has a chip to work with International purchases. When I was in Canada, I had no problems with this card whatsoever.
• Speaking of International, there are NO International fees associated. 
• Tons of other perks, like $25k in travel insurance, Hotels Perks (some offer free wifi or free parking) and more. You can read all about them here!

We MILK all of the perks from this card. It really pays off to have it! I am in no way condoning using credit cards to buy things you can't afford (I use Mint.com to do our budget), but there's no reason not to earn points for the things you would be buying anyway! Have I convinced you of the wonders of this card yet?

Do you use a rewards credit card? Do you like it? What makes it work for you? Does anyone love the FlexPerks card as much as I do?

xo