Tomorrow morning at the crack of dawn, I take off for New York City for four days. I’m attending a conference for two of those days, but I’m staying longer so I get plenty of time to hang out with some of my close friends who live there.
Not only is living there extremely expensive, but traveling NYC can also be pricey. This is my third time to go there in the past year, so I’ve learned ways to keep the costs down. Here are several ways I will save money on my trip to New York City:
1. Renting an apartment. New York hotels can be incredibly expensive. To defray the costs I usually stay with friends, but I wanted to stay in a specific part of town due to my conference. Rather than staying in a pricey and small generic hotel room, I’m renting a studio apartment I found on a very legitimate vacation rentals website. I got a great rate and it has more space than in a hotel room in addition to free Wi-Fi. Vacation rentals give you way more amenities and space for the same price as a hotel (sometimes cheaper). A friend is also going with me, so we are splitting the costs and getting cozy!
2. Eating out less. Unlike a hotel room, the studio apartment has a kitchen, so rather than eating every meal out, I can buy some cheap groceries and cook an occasional meal to save money. This will also allow me to save and reheat leftovers rather than having to toss them out.
3. Utilizing tax deductions. While part of my trip is for pleasure, a good chunk of it is also for my freelance writing business. This means that many expenses will be tax-deductible, such as taxi rides to business events, meals at business events, my accommodations, and my flight. This won’t save me money immediately, but when tax time comes, I will be able to write a lot of things off.
4. Minimizing taxi rides. I made sure to get a studio rental very close to my conference so I can walk instead of having to pay for a cab or subway ride. The only times I plan to use a taxi is when I am going out with my friends at night, when we can split the fare. I also plan to take the train to and from the airport rather than a taxi ride if it works out with my schedule; I’m flying in and out of Newark, where a taxi ride to certain parts of Manhattan is easily $60.
5. Shopping at H&M. You can’t go to New York City without doing at least a little shopping. While it’s tempting to shop along Madison Avenue’s high-end stores or blow money at Bloomingdale’s, I plan stick to stores like H&M, which has very fashionable clothes that are also extremely affordable.
6. Doing free stuff! I plan to do as many free activities as possible. I will probably take a stroll through Central Park, wander along the High Line, and maybe walk around the Times Square area. While I’m sure we will go out to some restaurants and bars, there are many free places to go and hang out. There are always people playing music and doing performing arts outside, and the city is full of people-watching opportunities. It’s often the less-touristy activities in NYC that are the cheapest.
Once I’m back, I will give an update about my experience at this studio rental.
Do you have any tips for saving money in New York City?
