Save Money While on Business Trips
By Matthew Paulson, published Mar 15, 2007
Published Content: 977 Total Views: 467,106 Favorited By: 20 CPs
Take mileage if you can - At a lot of places of employment, you'll have the travel option of either driving a company vehicle or being reimbursed at about 40 cents a mile. If you don't have a brand new vehicle, in most cases it's a better option to take the mileage. If gas is $2.50 a gallon, and you have to drive 200 miles at 25 miles to the gallon, you would only spend $20.00 in gas, but be reimbursed $80.00. That's an easy $60.00 you can pocket if you have an older car that you're going to drive until the wheels fall off anyway.
Be Smart With Your Meals - It's very tempting to go out to a nice sit-down restaurant when you're traveling and enjoy a nice meal because you're being reimbursed for it. If they reimburse you by receipts, go ahead and enjoy eating all you want. Some places, such as my employer, pay a flat rate of $9.00 for lunch. Usually I end up spending about $3.00 for lunch on a soda for the road and a burger, and pocket the other $6.00. Try to shop at grocery stores and get inexpensive food rather than going out to eat for every meal.
Don't Go Overboard with Snacks - It's very tempting to stop at a gas station every couple hours and pick up a soda, some beef jerky, a candy bar, chips, or some other munchies for the road. One stop won't kill you, but over time they're going to add up to $10.00 or $20.00 a trip that you didn't need to spend. Buy snacks at the grocery store beforehand to save money instead of overpaying at convenience stores.
Save Money While on Business Trips
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