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3. Hotels Have Deals Aplenty
Most hotels have some deal or another going. Often these run for weeks or even an entire season, so you needn't book until you've found the cheapest airfare. Depending on the terms and conditions of the hotel offer, you might save additional money through memberships in loyalty programs or organizations like AAA or AARP. With larger hotel chains, check for deals on both the main and local property sites. And don't be afraid to call the hotel for an unadvertised special or a manager willing to make a last-minute deal to fill an empty room.

4. Plan Ahead
Sound like a contradiction? It's not really. Many savvy travelers stick to last-minute vacations. They stay on top of deals by signing up for special-offer e-newsletters and email blasts from travel planning sites, airlines, hotels and credit card companies. They also do a little old-fashioned research to avoid planning trips during peak seasons or major events, when prices skyrocket.

5. Move Fast, but Pay Attention
Book incredible deals as soon as you see them. On some sites, they can be snapped up in minutes. That said, be sure you've read the small print and understand fully what you're getting for the money and what you're not.

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AARP travel expert Peter Greenberg with tips on how to get the best deal on a vacation rental house. Greenberg advises looking at websites like VRBO (Vacation Rental by Owner) and similar businesses.

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