Having some extra spare cash at hand is always a great idea when you embark on a long-awaited holiday. Here we give you some top tips on where you can cut some costs and arrive at your destination with a healthier spending budget!
It’s boring, but it’s your best bet – make a budget.
This is an exercise worth doing in itself, not just when you’re saving up for a getaway. You really can’t manage what you can’t measure, so sit down with your bank statements, your receipts and your phone or email purchase notifications – and find out where your money is actually going. That fancy cup of coffee in the morning might seem a minor expense on a daily basis, but add it up over the space of a month and you might be alarmed! Silly things like buying lunch at work each day or paying for a gym membership you never use can be insidious drains on your available cash each month. Work out how much you could actually be saving each month and commit to putting it away – you might just be able to go on that dream holiday a bit sooner!
Book in advance – well in advance.
Spontaneous trips are a wondrous thing, but not when they leave you with financial stress that outweighs the benefit of the holiday! Use flight and accommodation comparison sites to make sure you’re getting the best deal. See how your travel costs would change if you went just one or two months later, and see if you can’t fit your holiday around the cheapest times. Check alternative accommodation like Airbnb and see how it compares with staying at a resort or hotel – they might even be able to collect you from the airport and save on shuttle costs. Follow a few airlines and travel agencies on social media and keep an eye open for specials. Keep your eyes and mind open to cost savers and they will appear!
Swap some expensive habits for cheaper ones.
If your New Year’s resolution was to get more exercise, maybe now is the time to finally start taking that bicycle to work, or walking in from the station. If it works, cancel your gym membership and save some cash there too! Prepare healthy meals in bulk at home rather than relying on fast food. Freeze portions that you can grab on your way to work and just throw in the microwave at lunchtime. Swap visiting brick and mortar establishments for online casino games, embrace that vegetable patch you’ve been neglecting – the possibilities are endless.
Learn from previous mistakes:
If you’re reading this article, it’s likely that you’ve been burned financially before by a trip that ended up costing a lot more than you bargained (or budgeted) for! What went wrong? Did you forget to include the cost of meals or underestimate the amount of spending money you’d need for activities? Did you get stung by airport taxes or currency fluctuations? You may not realize it, but you’re armed with the best possible knowledge to keep it from happening again – the wisdom of experience!
Holidays are meant to be a time of letting go of worries and focusing on the things that matter – get the boring work of sorting the numbers out right from the get-go out of the way so you can enjoy your vacation like you’re meant to!