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Tight on Cash? 5 Ways to be Clever with Your Cash on Holidays

Make a travel budget early on to avoid additional expenses. Learn how here at SpotMe.

Make a travel budget early on to avoid additional expenses.

The holiday season is around the corner and many of us are planning on our dream trips. Are you already booking tickets or still saving up for your much-needed vacation? Exploring exotic places doesn’t have to cost a fortune. Read on to know the tried and tested ways that’ll help you plan a holiday on a budget.

Budget for transportation
Flights should make up for 40% of your budget, i.e. if you’ve already allotted cost for your trip. Experts suggest to book as soon as you find the flights you want. Therefore, we recommend you to check out popular flight and hotel booking websites to get an idea of how much money you’ll need to keep aside for flight tickets. Paying over the odds before you’ve even left home is not a good idea.

Don’t forget to keep aside money for transportation at your destination. Public transportation is a great option in most cases because it’s inexpensive and gives you a more local perspective. However, do include taxis in your itinerary, if you think you might need a taxi from the airport or within the city.

Budget for accommodation
Accommodation plays a big part in your budget plan, and it depends on where you’d like to stay. Whether it is hotels, B&Bs or apartment rentals… read the reviews first to get an understanding of the price range in the area you’d like to stay.

Budget for food
Food expenses are difficult to estimate due to individual preferences. However, if you want to tighten up on your food budget, look for hotels or guesthouses that include breakfast. As a rule of thumb, budget a minimum of at least 2 to 2.5 times the price of your accommodation per night, for one day’s worth of food.

Budget for sightseeing & activities
If you know you’ll be packing in a lot of popular attractions in your stay, get yourself a city pass. Most often, booking some tourist attractions in advance can save you money and sometimes can even help you skip the queue. And some activities are free of cost, so don’t forget to take advantage of the freebies. Add up the sightseeing & activity costs, and make sure you know what is included and what is not.

Budget for emergencies
It’s always wise to keep some money aside for things you forgot to budget for, like medical emergencies, extra expenses etc., while you’re on the road.

With all your rough estimates of hotels, flights, food expenses and sightseeing, you’ll know how much money you’ll need and where all you can cut cost.

Need additional cash for your dream holiday?
Avail of our quick cash loans.
Sometimes a small amount of cash can actually go a long way to making your holiday easier and more satisfying. Enjoy the quick cash loans from SpotMe to make your holiday a dream holiday!

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