Have you got a holiday booked? Wondering if it’s possible to still stick to a decent budget when you are out of the country? Here we discuss strategies for staying on track with your spending while on vacation, and still having an incredible time!

Booking engines aren’t always the best price

Many of your major bookings engines will offer prices for accommodation that looks like it’s the best price out there for accommodation stay rates. In some cases, calling or emailing the hotel or resort itself and asking if they can offer you a better price, or if there are any bonuses they would be willing to throw in (like free breakfast or WiFi) can save you a pretty good chunk of cash.

Beware of Airport Food

Airports can seriously bump up their prices, and you may find that grabbing a meal at the airport seems like an easy option but your taxi driver could know of a great place nearby at half the price.

Take advantage of the knowledge of the locals- see if you can stop into a supermarket and stock up on some snacks or ingredients to prepare meals yourself, and you’ll be eating freshly prepared meals made from delicious locally grown ingredients at a fraction of the price!

Plan for discounts ahead of time

If there are experiences that you want to take part in, such as visiting theme parks, going on tours, bungee jumping, visits to a spa, going on safari, taking classes, or visiting museums, you might be able to get a better rate if you pre-purchase.

Often discount codes will be offered up via social media pages, or for email subscribers. Keep an eye out for special promotions in the months leading up to your trip and see if you can get more bang for your buck. More savings could mean more cash to play with while you are away.

Get cheaper transport

Catching a bus with a bunch of other travellers can be much more economical than catching a cab. Many countries have taxi drivers that expect you to bargain with them on fares, read up before hand on what you can expect to pay for a trip and you’ll be well prepared for negotiating. Walk if it’s only a short distance and it’s safe to do so.

Changing money

You may get different conversion rates for your Australian money based on where you go. Airports might be just fine, or you may need to look to exchange your currency externally. Often the hotel you are staying at can help you with information on the best places to go to get the best conversion rates. You might choose to convert a small amount of currency at the airport, and then a larger amount elsewhere. Just make sure you always pay attention when currency is being converted, and count your cash yourself when you receive it.

By choosing to follow some of these tips, you can travel for a lot less, and still make the very most of your holiday!

Need extra help with your budget? Check out the ASIS Moneysmart Budget guide here.

 

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