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How to Budget For a Summer Holiday

How to Budget For a Summer Holiday
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Are you dreaming of taking that perfect summer holiday this year? Whether you’re looking for time in the sun, or want to soak up some local culture, with summer just around the corner, it’s the perfect time to start planning your summer getaway. But did you know that for a family of four, an average two week holiday costs around £4,792? As well as the holiday booking itself, new clothes, spending money and transport costs will also contribute to the expense.

We’ve compiled a list of tips to save money on your summer holiday so that you can enjoy it to the fullest, without worrying about the hole in your pocket!

1. Search Travel Websites

Compare prices on travel websites, and find the best deals. Online travel agencies like On the Beach and come up with some of the best deals, especially if you’re willing to be flexible about your destination, so that you have loads of irresistible opportunities to choose from.

You’ll have to have some ideas in mind of course, such as the best places suited to your budget, how many days you want to stay for, as well as thinking about  living and eating expenses. You can then look at the options available through packages or travel discounts.

2. Travel in a Group

When you travel alone, or perhaps with just one other person, you may end up with bigger bills as you’ll have fewer people to share the costs with. To save on car fuel, room expenses, or on the money you spend on food, it’s often better to travel in a group. It also gives you company and can make you feel safer than when you travel alone. 

3. Rent Holiday Homes Instead of Hotel Rooms

If you are really passionate about getting to know every aspect of the culture and lifestyle that a destination has to offer, then renting holiday rooms and homes can be a brilliant alternative to hotels.

Homestays can also be an inexpensive and rewarding experience for a traveller. You get to enjoy some of the local tastes, family life, the indigenous traditions, and how people experience life in various parts of the world. And if you’re concerned about finding somewhere reputable, Airbnb is a great tool for finding a place to stay.

4. Think About Taking a Staycation

A staycation is a fresh travelling concept where people ‘stay’ at home, exploring tourist spots within driving distance, and then going back to sleep in their beds at night. You can take advantage of regional day trips and can also visit local attractions.

If you’re trying to save money, a staycation can help you enjoy places in your local area. From a cool coastal breeze to green rolling hills, you can see the wonders of Britain on a tight budget. You’ll also save yourself the stress of travelling too far and packing too!

5. Cheap Activities

Once you’ve paid for your travel and accommodation, you’ll often find that a large part of your holiday budget can be spent on activities. And while it can be nice to try new things, such as skydiving or bungee jumping, you don’t always need to spend money to have a great time abroad! 

While the local attractions will obviously vary depending on where you travel to, there are bound to be lots of free or cheap things to do in the area. From going on a stroll to take in the local sights, to relaxing on a beach, you can undoubtedly have a wonderful time without spending any money.

Sensible spending is an approach that all of us at My Financial Broker are in favour of.  Get in touch today to discuss the ways in which we can help.


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