After working tremendously for a year, a vacation is a well-deserved reward. However, it is easy to become complacent and carefree over your budget. Going over board your budget when on a relaxing getaway is simple, but there are many ways to save money too! Here are just some of them:
1. DO PRIOR RESEARCH
The places you can go to heavily depend on your travel budget. For instance, if you have a considerable amount of money then, go to Europe than limiting yourself to Southeast Asian countries. Choosing an affordable destination that is suited to your travel budget is the first step. Do your research by comparing the accommodations, activities, transportation, and food costs of two preferred countries. Then, narrow it down to one.
2. IDENTIFY YOUR BUDGET
Once you know where to go and how long you are going to be there, you need to figure out how much your travel budget is. Start by identifying how much your spending will be per day. Include unforeseen expenses as well as food and travel costs.
3. BE SMART IN GETTING CASH
If you are still torn between two countries, compare their exchange rates. Sometimes, they make the largest difference. Since some of the foreign exchange centers have poorer rates, it is better to get the currency at the airport or at the ATMs (e.g., in Taiwan and France).
4. SET ASIDE MONEY FOR EMERGENCY
Speaking of unforeseen expenses, it is necessary to prepare for unforeseen circumstances too! If you have travel insurance then, this is only secondary. Money for emergency is important but try not to use it unless the situation absolutely requires it. You have to stick to your travel budget as much as possible!
5. SAVE ON FOOD
There is a greater chance that the breakfast from the hotel is expensive. So, it is better to walk out the door and find a nice local cafe in the mornings. You can immerse yourself to the place, the people, and the culture better by trying their local cuisine. Keep in mind that locally made food and beverage are often cheaper.
Alternatively, you may cook for yourself. Cooking in a new environment, even on a vacation, can be fun!