How to Money

The Cheap Travel Truth w/ Scott Keyes #974

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Apr 23, 2025
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ANECDOTE

Credit Card Fees Fund Travel

  • Scott spends about $2,000 annually on credit card fees for signup bonuses.
  • These fees translate into 1 to 2 million frequent flyer miles, enabling affordable family travel.
INSIGHT

Economy Affects Travel Demand

  • Economic downturns usually cause travelers to reduce spending on travel since it's discretionary.
  • Premium travelers may downgrade seats, keeping economy flight demand steady despite downturns.
INSIGHT

Airfare Is Highly Volatile

  • Airfare prices are extremely volatile, often changing drastically day to day for the same flight.
  • Despite inflation, airfare is currently cheaper than pre-pandemic levels, which is a remarkable trend.
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