Save Money on Travel in 2014

Business leader and financial services professional Adewale Gbalajobi has held numerous executive positions, including president of Aquafinancial Consulting Inc., his current role. When he is not working, Adewale Gbalajobi enjoys traveling and eating a variety of cuisines, including Japanese and African.

Traveling is a fun but sometimes costly endeavor. CBS travel editor Peter Greenberg recently released advice for traveling during the 2014 season. Read some of his advice below:

Airfare is often the most expensive part of travel. One of the easiest ways to save money is by traveling during the off-season or by taking off mid-week as airlines will scramble to fill seats on less popular flights. Another tip is to book after the 7th of each month, as more bookings occur after paydays on the 1st and the 15th of the month. As far as when to book, schedule your flight approximately 60 days before an international departure and 45 days before a domestic departure.

As for hotels, the best way to save is to book early or to book late. Many hotels offer money-saving incentives to early bookers as well as slashed rates for last-minute bookings.