Contrary to popular belief, traveling the world doesn’t have to cost the Earth. If you need some help budgeting for your next vacation, simply continue reading to discover 6 helpful ideas, which will make budgeting for your next vacation a breeze.
How to Budget for Vacation: 6 Invaluable Ideas
Consider booking a last minute vacation
If you have the flexibility to book a last minute flight to an exotic destination, it’s well worth saving for a vacation in advance and purchasing last minute deals, when they arise. As you can often save up to 50% off flights, cruises, and accommodation by waiting for last minute deals.
Consider renting an apartment, instead of staying at a hotel or resort
Did you know that can stay in your own private apartment for a week, for the same price that you’d expect to pay to stay at a 3-4 star hotel for a week? As an added bonus, most apartment complexes boast resort style facilities such as private pools, fully equipped modern gyms, and on-site cafes.
Better yet, by staying in a residential apartment complex, rather than a hotel, you’ll have the opportunity to make friends with locals, who’ll be able to give you tips on how to get off the beaten tourist track!
Work out your daily budget in advance
Before you step on a plane, it’s well worth working out your daily budget for your vacation. As an example, it’s important to work out how much money you’ll spend on food per day as well as how much money you’d like to allocate to activities, attractions, and souvenirs.
Store the bulk of your cash in your hotel safe
To avoid blowing your budget, it’s well worth placing your daily budget in cash, in your wallet and locking the bulk of your money in your hotel room’s safe. If you choose to stay at in a private apartment, rather than a hotel, you should find that your money is safe, if you hide it in a travel book in your bedroom drawer.
Look for free activities instead of paying for overpriced tours and excursions
While you may be tempted to spend over a hundred dollars on an exciting tour or excursion, you can have just as much fun by exploring a local beach or visiting a free museum. It’s definitely worth conducting a little research ahead of your trip, to compose a list of free activities and attractions, which you might be interested in visiting. Some destinations even offer free activities such as beachside yoga classes, that are well worth joining in on.
It’s also worth checking your chosen destination’s event calendar, to see whether there will be any free festivals, parades or fairs on offer, during your stay.
Use a smartphone app to track your spending
It’s well worth downloading a free or inexpensive smartphone app which will allow you to track your daily spending. That way, if you overspend one day, you’ll be able to make up for it by decreasing your spending, the next day.
So if you’re keen to stay on top of your vacation budget, it’s well worth following the 6 invaluable tips listed above.