Whether it’s a week in a caravan, a short city break, a week in the sun or a once in a lifetime trip to somewhere exotic it’s often a good idea to plan in advance and create budget for your holiday. Planning your trip out might sound a bit dull but it will not only stop you from overspending but can give you a bit more time to find the best deal for you – possibly freeing up some money for an extra holiday treat!
How to create a holiday budget
Holiday spending can lead to a lot of impulse purchases so it is a good idea to set a daily budget to prepare for this. Creating a budget for each day of your holiday helps you make sure that you don’t spend more than you intend to.
To create a holiday budget planner; first write down the total budget for your trip. The next step is to create a list of possible expenses that you might build up during your trip. Here is a list of possible expenses that could be included in this:
This includes train and/or bus tickets, car expenses including petrol, tolls and parking and taxis.
Costs for accommodation can vary depending on what type of accommodation you decide to choose. After all a week in a tent is probably going to much cheaper than a week in hotel!
Different websites can often show different prices for the same hotel so it’s worth shopping round to see which has the best deal. It may also be worth contacting the hotel directly to see if they can beat any price you have found online.
Usually when you book a hotel or guesthouse you are only paying for the room. Other costs for breakfast and room service are usually on top of this price. If you are staying in a hotel which has a minibar stocked with drinks and snacks be vigilant as the cost of these items can be especially high.
There can also be added charges in hostels, holiday homes, apartment rentals and campsites. For holiday homes and campervans don’t forget to factor in electricity expenses and fuel charges, if applicable. For campsites, it may be worth asking the campsite you have chosen about these costs as each company is different but some expenses could include camping equipment.
Alternatively if you would like all the home comforts when you go on holiday you can always try renting a flat or house. Renting an apartment is sometimes cheaper, especially for large groups. However, it’s wise to check out the terms and conditions as properties may require a minimum number of people or nights booked.
Planning a budget for food is probably the trickiest to do. However, if you are going to eat out during your trip it is a good idea to search what is around the area you going to stay in beforehand so you can have a few places in mind and within your budget. Alternatively you could pack lunches during the day to cut down the costs. Most hostels and campsites offer cooking facilities so you could even plan meal options in advance to cook during your holidays.
If you are self-catering or making pack lunches check out our tips on how to save money on your food bills
Often it doesn’t matter how many times you check, you’ll always leave something at home so it’s always a good idea to have a little spare cash for those miscellaneous items. This can include toiletries, swimwear, camera, batteries and locks (for hostel lockers),
If you are staying in a Youth Hostel you may also need towels, bed linen or extra blankets.
These could include tourist attractions that you wish visit, pocket money for children, and events that may be in the area.
Check out our tips on planning activities on holiday for more information.
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Tips on how to budget for your holiday