How Much Should I Bring To Vegas?

Media / Blog

How Much Should I Bring To Vegas?

Prev

5 Money Saving Tips When You Go Out For Dinner

February 22, 2013

How Much Should I Bring To Vegas?


SUBSCRIBE: www.whattedsays.com

Every single time I hear someone talk about going to Vegas, I can see their eyes light up as 'The Hangover' type moments flash across their minds. Just the idea of going to Las Vegas begins to raise your energy level. The thought of going to all the shows, the gambling, the dining, and, of course, all the late night partying gets people in the mood for a three day jaunt to the desert. Once your trip is booked, many people often wonder, "how much cash should I really bring to Vegas?" Here are three smart money moves on how to best plan your trip so you don't break the bank.

  • Set a daily gambling limit: Going to Vegas can be dangerous if you give yourself a never ending stream of cash from your ATM or a house credit line. Think about what you might spend on a day of 'real' vacation and set aside a definite daily limit of cash you will lose no matter what happens. Unless you are a high roller, more than $500 a day will likely be out of most people's spending range. Don't take your whole wad of cash with you on the very first day. If you bring $1,500 of total gambling money, only take $500 so you can spread your enjoyment out over a few days. Remember, this is a vacation, so plan to lose your money. If you win, it's a bonus!
  • Set a daily entertainment limit: Vegas is famous for the $300 bottles that you can buy at the clubs during the wee hours of the evening. If you are going to go to shows, dinners, or even clubbing, give yourself an overall limit to how much money you will spend per day. It can be dangerous to get into the mindset that if you are losing at the tables, you might as well improve your luck by having an expensive night on the town.
  • Set a few meals outside of the hotel: The next day out at the pool when you are sweating out the drinks you had the night before, consider hitting the street for a meal or two. If you get all of your food delivered to you at the pool cabana, you're more likely to pay 2-3 times the price of what you would if you just put on your sneakers and explore all the amazing dining that 'The Strip' has to offer. A little walk won't hurt either, especially after all the fine dining and nights out!
  • Take a red eye: I like the idea of taking a Saturday night red eye so you can avoid waking up on Sunday morning with last-minute casino jitters before you leave. By having fun that full last day and then hitting the airport, you'll at least save on one more night at the hotel and wake up Sunday to get some rest in your own bed.


There are many really good guides on how to save money in Vegas. If you book your travel through large websites like www.expedia.com, you can even get yourself some free show tickets, free drinks, and discounts to some amazing restaurants. Budget your Vegas trip out or you could find out soon whether or not your overdraft protection really works!

Next

Run Your Family Finances Like A Business

About the author

Ted Jenkin

Ted Jenkin

CEO and co-Founder

Hey!

My friends and family all think I'm a workaholic, but I say I'm just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Background and qualification information is available at FINRA's BrokerCheck website.

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.