We all look forward to our summer holidays, it’s time to switch off from work and spend time exploring somewhere new or enjoying the nostalgia of a family favourite. Whether you are going for a lazy beach holiday or a fun-packed family holiday, money worries are the last thing you need. If something happens on your holidays and you need some extra money, taking out a short term loan can help in an emergency, but there are ways you can go on holiday without spending a lot. I You may want to consider saving for your holidays. We’ve put together a few practical tips below on how you can save money while on holiday, particularly if your budget is tight.
It’s common knowledge that the school holidays and busy festive seasons, like Christmas and New Year, are the most expensive times to go on holiday. Unless your getaway has to be within these busy periods it’s worth considering a quieter time. If you have the luxury of being able to choose when you go on holiday, try to avoid booking flights between late July and August and between December and January, to save yourself a considerable amount of money. Take advantage of flight comparison websites to find some good flight deals. However, if you are booking a family holiday and need to wait until the kids have broken up from school you can still save money by booking flights in unpopular times, such as very early in the morning or very late at night. Flight prices on a weekday tends to be cheaper than weekend flights too.
Go Food Shopping
If you are staying in accommodation which has access to catering facilities, even if it is just a basic set up, take advantage of them. Going food shopping when you arrive may not seem like the most enjoyable activity to start your holiday, but it can help you to save money on expensive pool bar snacks and drinks throughout the week. If you want to go one step further, stock up on ingredients for easy-to-cook meals and snacks you can take with you on days out, so you don’t get caught out. If you do want to immerse yourself in the local cuisine, remember prices at landmarks and popular tourist destinations are usually elevated, so try to find places which are frequented by locals. These are usually some of the best places to dine and may result in a happier experience.
Use Public Transport
If you need to get around while you’re on holiday, consider using public transport instead of hiring a car. In most popular tourist destinations, a specialist bus service is provided. If you’re unsure, ask at your hotel who would more than likely be able to provide you with the information.
It is usually possible to purchase a weekly ticket, or a family pass, at a reduced rate to allow you to travel for the entire week. Try and avoid taking taxis if you can, these can be expensive. If you have to get a taxi, you may want to check the cost first on platforms like Uber if available locally, which will show the price before you travel. Alternatively, explore on foot whenever possible. You’ll be able to save money and get more of a feel for the local culture.
Avoid Using Your Phone
Many people consider being able to switch off their phone something of a novelty these days. However, reducing the amount of time you spend on your phone when you are on holiday could also help you to save money as well as help you to enjoy your holiday more. Don’t forget, data roaming costs and the cost of sending a text are usually elevated when you are outside of the UK. Some phone companies offer special deals for customers who are going on holiday, so it could be worth doing some research before you travel if you do want to stay connected as uploading that holiday snap on social media may cost you more than you think whilst you are away.
Travel tips – Before you go
It’s important to take a look at your finances before you go away to ensure it is all in order, the last thing you need when you are trying to relax is the stress of a direct debit bouncing or finding yourself in an unarranged overdraft. Calls to your bank on an overseas number could be costly. It’s also worth to mention that using your bank card when abroad can incur fees. Avoid withdrawing cash from cash machines using a credit card while overseas, doing so can be very costly, rather consider using a debit card or a travel currency card. It’s best to check with your provider what and if they charge before you travel to avoid any nasty surprises on your return. Another important factor is travel insurance, it’s best to always get adequate cover as any overseas medical bills could result in a more expensive holiday than you planned for.
Generic advice is not a service regulated by the Financial Conduct Authority.