How To Save Money On A Winter Holiday

According to Brits go on holiday twice a year.  This is estimated to cost £855 per person per trip, some even spend £1,000 or more per trip. A family of four could end up spending £3,240 just for one trip.

This has resulted in 22% of British holiday makers borrowing money, some even taking out a personal loan. We at Wizzcash are a regulated payday loan lender, we strive to lend responsibly and don’t encourage borrowing high cost short loan for non-emergency situations, such as holidays. Rather, we encourage budgeting, provide savings tips and  ways improving money management as a better long term solution.

There’s no doubt about it, winter holidays are hugely underrated. Most people tend to take their holidays in the summer, when the weather is better and their kids are on a long break from school. But winter holidays can be just as fun and, as Christmas draws closer, even more special. There are plenty of places to go for a winter holiday, whether you’re interested in seeing Europe’s impressive festive markets or heading to the slopes for a skiing break. Here are Wizzcash’s top tips for saving money on your winter break.

Go All-Inclusive

Going all-inclusive might seem like you are spending more initially but once you’ve arrived, the expense will pay off. All-inclusive holidays can include everything from the cost of flights, accommodation, and transfers, as well as food and drink. If you’re going skiing, some package holidays will also provide equipment hire and lessons. It’s no secret that food and drink in skiing resorts is extremely overpriced, having your meals included can ease the burden on your budget and you won’t have to dig into your wallet every five minutes while you’re away.

Choose Your Destination Wisely

Sometimes you might need to opt for a less well-known resort to save money on your weekend break. The Alps are beautiful but so are the Bulgarian skiing resorts, such as Bankso. If you’re looking for winter sun instead of a snowy escape, this can actually be more affordable than going in the peak summer period. If you’re looking for a cheap break, Spanish resorts like Lanzarote and Malaga are ideal. They still get an average of eight hours of sun in January and temperatures reach around 17C. Even popular summer destinations, like Orlando in Florida, are more affordable in the winter.

Take Advantage of Sales

If you can hold off on going for your winter break until after Christmas, you may be able to take advantage of huge discounts. The January sales are the ideal time to book up a holiday for later in the winter. This is perfect if you need something to look forward to in the dark cold months after the cheer of Christmas has faded!

Groups Can Save More

Don’t be put off of travelling with a group of friends and family, you’re more likely to get a group discount if you do. Due to the current Covid-19 restrictions on groups and travel, you should follow government guidance and recommendations, to ensure every ones safety. If you are not offered a discount, don’t be afraid to ask. You could save a considerable amount of money on the cost of your accommodation, transfers, or meals by simply requesting a discount or deal.

Book Directly

Whether you’re choosing an all-inclusive package or simply booking your accommodation, be sure to visit the website to book directly. Using a travel agent or tour operator might seem more convenient but most holiday resorts will offer their own package deals for better value. Using a travel agent will simply add additional expense to your holiday, although their websites can be useful for comparing prices and finding suitable resorts.

Be flexible

If you’re booking the trip without the aid of a travel agent, it’s a good idea to look at all times and dates available to you – both on and around the days you want to depart and return. There can be big differences in costs depending on the time of day or day of the week you travel, so make sure you consider all the options. Skyscanner analysed data from 2018-2019 and have found that January, February and September are the cheapest months to fly.

Book as early as possible

The ‘optimal’ time to book a holiday is at least 12 weeks in advance of the date you wish to go. It can also help to put a deposit down too and pay in instalments rather than putting the full holiday cost on a credit card, or taking out a loan.

Shop around and research

It’s a good idea to keep an open mind and shop around. Give yourself plenty time to research. Online searches and visiting reputable travel blogs can help with tips on where to go and how to avoid expensive tourist destinations.

Generic advice is not a service regulated by the Financial Conduct Authority.