11/16/2011 5:26 PM ET|
7 biggest holiday money wasters
4. Checked-bag fees
Airlines collected about $3 billion last year in fees, and they're on track to rake in even more this year. Before 2007, most passengers never paid these fees, since two checked bags were included free with every ticket. Now, though, virtually every airline charges $25 or more per bag. (The exceptions are Southwest, which still allows two free checked bags, and JetBlue, which allows one.)
If you're hauling a bunch of holiday loot, you may encounter even more egregious fees -- the ones for overweight and oversize luggage. You could pay $100 or more each way. (AirfareWatchdog has a chart of airline bag fees here.)
With the plethora of free shipping offers available during the holidays, it often makes a lot more sense to have your presents shipped by the retailers to your destination. Another option is to focus on small gifts that can be easily packed in your carry-on bag. (That means no bottles of booze, jars of jelly or other liquids that exceed 3 ounces.) Ask those giving you gifts to consider your packing restraints.
If you do transport gifts in your luggage, carry-on or otherwise, don't wrap them. It's a waste of time and money, since airport security may tear off the wrapping to see what's inside.
VIDEO ON MSN MONEY
THE BIGGEST MONEY WASTERS IS CONGRESS!!!!!!!!!!!!!!!!!!!
Liz is assuming that everyone has a family that has so much fun when they are together. My family needs a great meal with neatly wrapped packages!
I will always "over spend " on my holiday meals. Even if its the difference between 50 and 100 dollars, i would rather spend the extra 50 on a great meal with everyone's favorites. In the long run the 50 bucks isn't that much (although if you don't have it, you don't have it). We don't drink alcohol so the only real expense is the meat (turkey or ham). I buy a lot of my stuff at Costco so even the nuts are reasonable. Mash potatoes, stuffing, gravy and a lot of other things are dirty cheap if you make them from scratch and cutting up your own veggies saves a lot of money too.
I do agree with staying out of Xmas pools, secret santas and the like. My family had gone with a gifts only for those in high school or younger. I am an adult, if i need something i will buy it myself.
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