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How to budget for a holiday (without being boring)

Published March 19th, 2012

So you’ve made the easy decision to travel and now you’re up to the hard part – saving for it. Sure, budgeting for a holiday can be tricky but it doesn’t have to mean kissing your social life goodbye and living on Mi Goreng for months. Here are some smart tips to help you budget for your dream holiday without being boring.

 

Plan ahead

Want to be rolling in it by the time you get on the plane? Well start planning now. The earlier the better! Firstly, sit down with a calculator and do the numbers. Consider how much you can save before your holiday and based on that, how long you can afford to go away for. Estimate how much you will need each day when travelling, taking in to consideration meals, transport and extra expenses like departure taxes and travel insurance. Remember, it’s always better to overestimate and have extra money to splurge with, than to underestimate. The last thing you want to be thinking about on your holiday is your lack of funds.

 

Travel budget tipsBook budget travel

At Student Flights we’re all about travelling on a budget, which is why we like to offer hotel deals and cheap flights whenever we can. To keep up to date with all our latest deals, subscribe to our newsletter and you might find the bargain you’ve been looking for. In addition, talk to a consultant about black market airfares and booking your holiday in off-peak times. You’ll be surprised just how much you can save if you book in the off-season.

 

Travel in numbers

Travelling with friends is not only fun but can be cost effective. Sharing accommodation, transport, meals and other costs between friends will see your funds last much longer than if you were travelling solo. If you are travelling by yourself though, it’s easy to make friends along the way to share costs with and backpackers hostels are great for offering cost effective accommodation for one.

 

Manage your money

As soon as you’ve worked out a budget and booked your flights, it’s time to start saving. The easiest way to save without missing your money too much is by opening up a dedicated account for your holiday. Open an account as soon as possible and set up an automatic savings plan so every time you get paid, a portion of it goes into your holiday fund. Want to get even more frugal? Why not bring home an old school piggy bank to store all your loose change in? It’s amazing what all those coins can add up to.

 

For more ideas on budget travel, talk to a Student Flights consultant on 1800 046 462.

Lauren Burvill

Australian born but London based, I'm a sucker for big cities and small tropical islands. When travelling, I like eating like a local, dressing like a local, but staying in 5 star style. Have a travel story to share? Tweet me @laurenburvill.