5 Travel and expense management recommendations for athletes

Travel is not something cheap and when it comes to certain professions it gets much more expensive. The same is true for sportsmen and women. They have a lot to spend. Their participation also costs a lot of money. Plus, they’ll be traveling a lot, and with it the plane tickets and the meals and whatnot.

So how can they control their spending?

Before looking for ways to reduce expenses, we should look at the factors that cost a lot.

  1. First, there is an entry fee that all athletes must pay when they want to participate in an event.
  2. Then comes clothing expenses. According to estimates, families spend about 671 on one athlete from their family. And this amount includes their registration fee and the cost of the uniform.
  3. And when they are traveling they need to pay for flight, accommodation and taxi fare etc.
  4. After this there are expenses for meals. They have to eat special meals which also cost a little money.

So how will they do it?

1 – Taking advantage of SAP concur and options

Source: seidor.com

One of the ways athletes save a lot of their money is by using SAP concur or its alternative. You can read about their information on blog.happay.com, be sure to visit their website and you will get all the information you need about SAP concur and what else you need to do.

So what is it and what can it do to save you money? It is a software platform that automates travel solutions for small and medium businesses.

This software combines travel and expense data and all other payments in one platform. This way you will be able to have a seamless integration. This will save you a lot of time and money. Furthermore, it also helps businesses manage their overhead costs.

So athletes can definitely take advantage of such platforms and save money. This is especially suitable for small teams that do not have significant sponsors.

2 – Become a reward member of the hotel

Source: pointhacks.co.nz

If you are an athlete on a tight budget and you are traveling for an event, be sure to choose one hotel. If you stay at a hotel and go there often, they will make you a rewards member only. And hotels and multinational chains have rewards and other such programs for their special customers.

So if you are an athlete and always choose to stay in one hotel, you get a lot of benefits. Besides being a rewards member, you can also make friends with the hotel staff. So when you have a good relationship with the staff, they will tell you about the ongoing discount offers. That way you get a bigger discount even if you don’t know about the offer.

Likewise, the staff will be nice to you and offer you good meals. If there is an option to send free dishes, you will get that too. This is the benefit of becoming a loyal customer to someone.

3 – Don’t go overboard in anything

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Whether you’re making individual purchases or purchasing team apparel, you should never go overboard.

When you are shopping for clothing, different teams will give you many options. Their options could include shirts, hats, sweatshirts and even backpacks and key rings. So you will do all that? You should never do that. All this costs a lot and you will greatly disturb your budget. Therefore, if you are on a tight budget, you should be calm and think carefully before buying.

Although it might look good to have a matching sweater, pants and hats, and even a backpack, but if you are buying it in different colors, you shouldn’t waste so much. Because there is no need to do that. Outfit is important but too many extra outfits are just a waste of your money.

4 – Taking care of your own meals

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Everyone is aware of the fact that athletes have a special diet. Therefore, only this part will cost you a large amount. So how will you save money here?

One thing you should know is that if you are hiring a chef who cooks special meals for you and is always ready for your order, you have to pay him a lot of money to do his job. Because you are customizing everything.

So what are you going to do?

Instead of hiring a chef, what you can do is prepare your own meals. Although it might be a bit difficult considering your workouts, but if you are trying to save money, you can try this. If you have a whole team, you can distribute the responsibilities between them. When everyone is doing something, the workload is reduced and you will be able to finish it quickly.

You have your personal nutritionist. You can always ask him for plans. In this way, with the help of the nutritionist and the entire team, you will not only get a good home-cooked meal, but you will also save a lot of money.

5 – Keep a separate emergency fund

Source: anthonyihz.com

When you receive a grant for your participation and everything else, you should immediately set aside some amount. For example, if you have $10,000, you can keep $3,000 separate and plan your budget with only $7,000. The $3000 will be our emergency fund.

So when all goes well, you’ll have $3000 with you for the next event. And if there is a problem with something, you will still have money to use. So you don’t disturb your entire budget but only the emergency fund.

These are some of the ways that can save you a lot of money in the long run.

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