Many of us love nothing more than to say goodbye to our ordinary lives and go on holiday with our loved ones. Having some time away from the routine of day to day life can be a great way to bond with your nearest and dearest while taking in new cultures. If you’ve been saving up for a holiday and need to count the pennies, here are 5 tips on how to stick to your travel budget.
Make a Daily Travel Budget
Naturally, the best tip for sticking to your travel budget is by actually having one in place from the beginning. There are several factors to take into account when it comes to drawing up a budget, such as how many people are in your party, where you are heading to, as well as how long you’re going away for. Once you’ve planned your holiday, you can create a travel budget that will outline how much money you have to spend each day. Try your best to adhere to your budget, otherwise, you may run out of cash when you need it most. If you find yourself in a sticky situation, sites like SimplePersonalLoans can help you find a personal loan that can be used as a financial backup.
Cut Back on the Alcohol
If you’re off on a boozy holiday with your friends, it’s understandable that you will have a drink or two during your trip. For those who are on a tight budget, alcohol can cut deep into your travel budget. Depending on where you go in the world, the cost of a beer or a glass of wine can be extortionate, so it’s best to cut back on alcohol if you can.
For those who like the idea of backpacking, it’s advised to travel slowly. Staying in one place for a lengthy period will give you the time to figure out where the cheapest places are to dine out. If you’re off on a family holiday, it’s best to create an itinerary before you head out the door which can add structure to your time away and ensure you spend within your means.
Stay in Cheap Accommodation
As one of the biggest costs for any traveller, the accommodation you choose can put a huge dent in your travel budget. If you need to watch every penny, it’s best to pick cheap accommodation that acts as a base for you to sleep. Many of us travel abroad to soak up new cultures and visit landmarks and attractions, so to help you get the best deal on your accommodation, there are lots of comparison websites such as Trivago who compare hotel prices worldwide.
Track Your Expenses
Keeping track of your day to day spends can keep you in control of your finances and ensure you’re sticking to your travel budget. To do this effectively, there are numerous apps that you can download onto your smartphone, such as Trail Wallet, which are designed to help you stay within your means.
No matter where you’re heading to in the world, creating a travel budget can help you stay in control of your finances and reduce the risk of you getting into debt once you arrive back home.