How to budget for a holiday (without being boring)
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.
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.
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.
More like this
More like this
How many avo toasts does it take to travel through Rome
Since we all know the real reason Millennials and ‘young people’ aren’t able to afford a home in the current economic climate is because we’re eating too much, "smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop."
How does travel affect perception and identity - as told by professional travellers
When I started doing research for this story, I began by looking through different online journal articles and psychology studies, of which there are many, because I wanted to get to the core of what exactly it is about travel that affects our perceptions.
This will make you book that cheap Thailand airfare asap...
There’s a reason Thailand is the most visited country in Southeast Asia and it all begins with how much you SAVE in holidaying there! The booze is cheap, the food is cheap and each part of Thailand has its own personality.