It’s hard to believe that the most valued sports team around today, the Dallas Cowboys, is worth a staggering $5.7 billion.
Unfortunately, not all of us who manage sports teams have access to that kind of budget. Traveling teams can end up spending a huge amount of money when it comes to visiting other locations for games.
Thankfully, there are a few money-saving tools and budgeting tips you can bear in mind to knock that cost down in the future.
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Invest in Management Software
This is essential for any team around today, whether you’re in the NFL or a small-time college club. Management software helps you track spending and budgeting, as well as player availability and other important information.
There are plenty of great options out there depending on your needs and the size of your team. Doing your research here can save you a lot of money in the long run.
Make sure to find some sports tournament management software, and you’ll already start accessing a whole host of travel cost savings.
Make Sure to Carpool
When you’ve got a large group of people traveling together, it can be tempting to just book a bunch of taxis but these costs quickly add up.
Carpooling is a great way to save money and reduce your team’s carbon footprint in the process. You can get your whole team to a single location using only one or two vehicles, particularly if you have a bus or larger form of transport.
Prep Your Food Options Beforehand
Eating out for every meal quickly adds up, so it’s worth considering other options to keep your team energized.
One possibility is to have everyone on the team bring their packed lunch from home. This might not be ideal for every situation, but it can be a viable option if you’re going to be spending a lot of time on the road.
Another option is to find hotels or Airbnbs with kitchenettes so you can cook your meals. This can be a great way to save money and ensure your whole team eats healthier while you’re traveling.
Book Hotels Early When Managing Traveling Teams
Hotel accommodations are a necessary, and often the biggest, expense when sports teams travel long distances.
This is particularly true if you’re traveling to a tournament, and your whole team needs to spend an extended period in a different city. If you know you’re going to need to be away, make sure to book well ahead of time.
This can help you access better discounts and lower prices. As above you should also consider alternatives like Airbnb, where your whole team can stay in one location.
This can also help to boost your team’s morale as they’re spending more time together whilst you’re all playing away.
Where Can I Find More Help Budgeting?
You should now know some helpful tips for money management when you’re managing traveling teams.
If you’re interested in more budgeting help or reading more about sports topics, make sure to read through some of the previous posts on our website.