5 Ways how to Save Money while on holiday! (2024)

Holidays can be expensive but they don’t have to break the bank. Here are 5 ways to save money while on holiday!

1. Save Money with Self-Contained Accommodation

There are lots of different styles of holiday accommodation and you should choose whatever best suits your budget, destination and travel circ*mstances. Choosing options that have their own self-contained facilities will provide you with more flexibility and end up saving you money.

A few things to take into consideration when looking for holiday accommodation are:

  • Will you have access to kitchen facilities? Having a kitchen means that you aren’t forced to eat out every meal of the day. Not only will you save money on meals but it’s nice to have the occasional home cooked meal when you’re travelling.
  • Will you have access to washing facilities? There is nothing worse than running out of clean clothes and having to spend precious holiday time hanging out at the laundromat waiting for your clothes to wash and dry. Having easy access to a washing machine is not only more convenient but will help you save money.
  • What is your method of transport while on holiday? If travelling by car ensure that parking is included in the cost of the accommodation. If using public transport make sure that you are located close to a well serviced bus stop or train station.

Think about planning your itinerary so that you are staying several nights in the one location. Not only will it make for a more relaxing holiday but it will also save you money. You can often get a cheaper rate if you stay at least 2-3 nights and even cheaper if you take advantage of their weekly rate.

2. Save Money On Food

Food can be a major expense on a holiday that often isn’t budgeted for. There are plenty of ways that you can save money while on holiday but still enjoy yourself>

Breakfast

First of all, no matter how good it looks, don’t buy that expensive all-you-can-eat buffet breakfast. You can really save money on your daily food expenses by looking at other options for breakfast. This is where the kitchen in your self-contained accommodation comes in handy. Buy some fruit, muffins, juice and even bacon and eggs and make your own breakfast for a fraction of the cost.Even if you only have a small kitchenette there are still plenty of options, a few bakery items, individual servings of yoghurt and juice and you have yourself a tasty continental breakfast.

If it turns out that the buffet breakfast is included in your accommodation package then go for it, enjoy!

Lunch

Another way to save money while on holiday is to have a picnic lunch rather than buying food at a cafe. Whenever we go on a road trip we always pack a small picnic blanket and picnic cooler bag. Cooler bags come in lots of different sizes, colours and styles but generally have cutlery and plates in one section and a separate section for keeping food chilled. You should select a soft bag that can be packed away in your suitcase when your holiday is over.

Purchase supplies for your picnic at a local grocery store or pick up local produce at farms or roadside stalls. If you pack an ice brick, then you will be able to keep your food chilled all day.

Snacks

Purchase multi packs of biscuits and juice so you have plenty of options for cheap snacks on your holiday.

Zip-lock bags are a handy item to take on holidays. Items like large packets of biscuits can be purchased and then packed into smaller daily serves to keep them fresh. Zip lock bags are also useful to making your own trail mix if you are going hiking.

A combination of chocolate, nuts and dried fruit make a tasty high energy snack.

Dinner

It is always nice to treat yourself to dinner at an expensive restaurant while on holiday and isn’t the whole point of a holiday to go out and enjoy yourself? You can still eat at expensive restaurants and save money at the save time, you may just have to be flexible as to when you eat. Restaurants often offer a considerable reduction in price if you eat in the middle of the day when they are quieter rather than in the evening.

3. Save money with Free Activities

Going on holidays doesn’t always have to be about visitingtheme parks and other expensive locations. There are always lots of free activities that you can do and still have fun.

  • Walk around the city and admire the local architecture
  • Visit the local botanical gardens
  • Visit the local markets
  • Go hiking
  • Investigate Self Guided Walking Tours where you can download an audio tour to listen to on your phone.
  • See if your holiday destination has a volunteer guide service?

Tip: Do an internet search for ‘Free things to do in [holiday destination]’

4. Travel Off-Peak and Save Money

The timing of your holiday can really have an impact on the cost you pay for both air fares and accommodation. It isn’t always practical, especially if travelling with school age children, but if you can try to:

  • Avoid travelling during the school holidays of your home country.
  • Plan your holiday so that you avoid school holidays or public holidays in your destination country.
  • Try catching mid-week flights.
  • Catch a late night or early morning flight as they will be cheaper.

Tip: Thetimeanddate.comwebsite keeps track of holidays worldwide.

5. Do Your Research

Spontaneity has its charms but you have a greater chance of being able to save money while on holiday if do your research beforehand.

  • What is the exchange rate of the country you intend to visit? Is there a cheaper location you could visit instead?
  • Does you destination country offer Tourist Passes? These can provide considerable discounts for public transport and entry into attractions.
  • Plan your daily activities based on geography rather than zig-zagging back and forth across town. This will save unnecessary travel time and costs.
  • Does you holiday destination offer free transport for tourists? Our home town of Brisbane has a free inner city bus service as well as a free ferry for tourists. Click here to find out how to explore Brisbane on a budget with a Free CityHopper Ferry.
  • Investigate the bank fees involved with using your credit card overseas. Consider getting a Travel Card prior to going on holiday.
  • Investigate the free wi-fi hotspots on offer at your holiday destination.
  • Shop around for travel insurance.

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5 Ways how to Save Money while on holiday! (2024)

FAQs

How can I save on holiday travel? ›

You can make significant savings by timing your booking right. For example, if you're looking to go on a package holiday, booking late often wins. Waiting till the last minute – generally within eight weeks of travel – often pays off as prices usually plummet, though you've MUCH less choice.

How can I save money on vacation? ›

How to save money while traveling
  1. Pack light. ...
  2. Shop at local grocery stores. ...
  3. Pack snacks. ...
  4. Get yourself into the airport lounge. ...
  5. Arrive early. ...
  6. Get TSA PreCheck or Global Entry membership fees reimbursed. ...
  7. Take advantage of credit card free night certificates. ...
  8. Book hotel rooms on points.
Aug 22, 2023

How can I save up money? ›

What Is the Best Way To Save Money?
  1. Set goals. Set savings goals that motivate you, like saving up for a house or going on a dream vacation, and give yourself timelines for reaching them.
  2. Budget. Make a budget and make saving a necessary expense. ...
  3. Cut down on spending. ...
  4. Automate your saving. ...
  5. Pay off debt. ...
  6. Earn more.
Jan 11, 2024

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How can I save 100 or more when traveling? ›

Traveling on a Budget: 10 Tips to Save Cash
  1. Plan ahead. ...
  2. Create a budget before the trip. ...
  3. Travel during off-peak seasons. ...
  4. Check Groupon and LivingSocial for savings. ...
  5. Avoid hotels when possible. ...
  6. Look for discounts before you go. ...
  7. Travel with a friend. ...
  8. Don't be afraid to haggle.

How can I save $1000 fast? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

How much do I save for vacation? ›

Many people set aside 5-10% of their net yearly income for leisure travel, but this can vary greatly based on the type of vacations they're planning. Another popular budgeting option is the 50/30/20 rule: 50% of net income is spent on things you need. 30% of net income is spent on things you want.

Should I save money or travel? ›

It is, however, the first rule of good budgeting that you save first and spend later. What this may often translate into is a less expensive domestic holiday instead of a foreign vacation, but try not to compromise on it.

How can a 14 year old save money? ›

  1. Know your income. The first step to budgeting is knowing how much money you make. ...
  2. Create budget categories. The next tip is to create your budget categories. ...
  3. Pick a budgeting strategy. ...
  4. Save first, spend later. ...
  5. Set goals. ...
  6. Track your habits. ...
  7. Adjust your budget. ...
  8. Open a savings account.
Feb 22, 2024

How can a 12 year old save money? ›

Reflections
  1. Start with a Piggy Bank. A piggy bank can be a great way to teach your kids the importance of saving, while giving them an easy way to do it. ...
  2. Open Up a Bank Account. ...
  3. Use Savings Jars. ...
  4. Create a Timeline. ...
  5. Lead By Example. ...
  6. Start a Conversation.

What are the 5 steps to save money? ›

5 simple steps to start saving
  • Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  • Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  • Make saving automatic. ...
  • Keep separate accounts. ...
  • Monitor & watch it grow.

Is 4000 a good savings? ›

Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at least $4,000 saved.

How to budget $4,000 a month? ›

making $4,000 a month using the 75 10 15 method. 75% goes towards your needs, so use $3,000 towards housing bills, transport, and groceries. 10% goes towards want. So $400 to spend on dining out, entertainment, and hobbies.

How to budget $5,000 a month? ›

Consider an individual who takes home $5,000 a month. Applying the 50/30/20 rule would give them a monthly budget of: 50% for mandatory expenses = $2,500. 20% to savings and debt repayment = $1,000.

What is the best account for saving for holidays? ›

Fixed term accounts might work well if you're saving over a few years for a once-in-a-lifetime holiday. You may also want to consider a notice account for your holiday savings.

What is the cheapest day to book a package holiday? ›

Weekdays: Tuesdays and Wednesdays are generally cheaper to book flights and accommodations compared to weekends. It's easier to get away at the weekend. More customers means higher prices! Saturdays are also a good day to find cheaper flight deals as.

What is the best account to save for a holiday? ›

To earn the most interest on your 2024 holiday savings, consider putting your funds in a high-yield savings account, short-term CD or money market account.

What is the holiday savings scheme? ›

A monthly deposit of a pre-fixed amount is made in the Recurring Deposit account. On maturity, you get back the amount you deposited, along with interest calculated at the rate applicable at the time of opening your account.

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