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How to Budget For a Summer Holiday


Are you dreaming of taking that perfect summer holiday this year?

With summer just around the corner, it’s the perfect time to start planning your summer getaway. But did you know that the average holiday costs £974? Other than the holiday booking itself, new clothes, spending money and transport costs take up the majority of the costs.

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.

Search Travel Websites

Compare prices on travel websites, and find the best deals. Online travelling agencies like Yatra, MakeMyTrip, etc., come up with some of the best deals every season, so that you have a galore of irresistible opportunities to choose from.

You’ll have to have your options in mind – the best places according to your budget, how many days you will stay for, the living and eating expenses; and you can come to definitive solutions through packages or travel discounts.

Travel in a Group

When you travel alone or just with your family, the chances of higher expenses increases because you will have no one to share the load of your budget with. So, more often than not, your trip might go off budget.

To save up on car fuel, or room expenses, or on the money you spend on food – it’s better to travel in a group. It also gives you company and ensures safety. Although travelling alone through the wilderness is an experience on its own; for a budget summer holiday, groups are always a better option.

Rent Holiday Homes Instead of Hotel Rooms

If you are really passionate about engaging yourself and getting to know 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 often be an inexpensive and rewarding experience for a traveller. You get a smack of the local taste, the family life, the indigenous traditions and how people experience life in various parts of the world. Airbnb is a great tool for finding a reputable place to stay.

young couple with a map

Think About Staycationing

Staycationing is a fresh travelling concept where people ‘stay’ at home and explore tourist spots within driving distance but come back to sleep in their beds at night. You can take advantage of regional day trips and visit local attractions.

During a financial constraint, the idea of staycationing can help you enjoy a local coastal breeze or a small drive to the closest hills on a tight budget within a short span of time – you’ll also save yourself the stress of travelling and packing too!

Sensible spending is an approach that all of us at My Financial Broker are in favour of. We are a payday loan direct lender,  and our service is designed to offer responsible lending to those who are in need of short-term loans and able to pay back within fixed and agreed repayment terms.