If you’ve been spending a lot of time daydreaming about soaking up the sun in the Maldives, going on a shopping spree in Dubai or revelling in the exotic, postcard-worthy scenery of Bali this year, you’re going to have to do more than a daydream. You have to plan.
You deserve a fun vacation to experience new vicinities, share special moments and create new memories this year, so if that’s at the top of your list, these are some tips to ensure you truly experience it:
1. Research the expenses
It would help if you did some research on how much your trip is going to cost so that you can have an idea of the amount to budget. Figure out each cost implication and take it into account: your flight expenses (visa fees, airline fees, etc.), accommodation, shopping, sight-seeing fees and more.
2. Create a tailor-made budget
A significant financial decision, such as taking a vacation requires a detailed budget. Your expense research (as explained above) should serve as a guide. If your holiday is already included in your monthly/ quarterly budget, you should do a review.
3. Have a designated travel account
It’s advisable to put your travel savings in a different account so that they can be separated from your other finances. This way, you can monitor your savings as they grow. You might not need to open a new account if you have an existing one you aren’t using. With determination and self-discipline, you’ll reach (and probably even exceed) your saving goals.
4. Look out for travel promos and discounts
Lots of airlines and travel agencies have travel discounts, promos and deals, especially during summertime and Christmas (which are usually peak travel periods). It would help if you were on the lookout for these discounts, so you don’t miss out on them.
5. Make some more money
Your current income might not be huge enough to fund your vacation, and you might also have a lot of expenses eating into your earnings. The good idea is to augment your current income by taking up a side job or starting a small business.
6. Cut unnecessary expenses
Certain expenses could collectively stand as a barrier to your saving goals; it’s time to cut them off. You can decide to eat out less, spend less money on cable, excessive transport expenses and more. Do a thorough review of your costs and take out the ones you can do without.
7. Plan a group trip
This is another excellent way to fund your trip. By planning a group trip with friends, you can get group package deals and promos that you wouldn’t get if you were travelling solo. Also, planning a trip as a group means you can create a group saving challenge to encourage you to save more and monitor each other’s dedication to the trip.
What’s your dream vacation destination this year?