Tips to enjoy a vacation on budget

With holiday season fast approaching, everybody is planning to take time off for their annual vacations. However with the inflation rate going up, everything including the holidays has become costly. However this doesn’t mean you need to do away with your vacations. Here are some tips for having an economical yet enjoyable vacation.

  • Start planning well in advance. E.g. if you are planning to go on a vacation in May, it is advisable to start planning your trip right from February. This will help you get the best deals in hotel bookings, train/air tickets and visa processing if needed. Also you won’t have to run around to make the arrangements at the last minute, thus inadvertently settling for any available tour package.
  • Use travel cards. These cards will simplify your life when you are traveling by letting you pay for your hotels, purchases etc when traveling. Moreover as these cards are pre-paid, they are not affected by the fluctuations in the exchange rate, as is common with normal debit/credit cards, where the exchange rate varies on the day-to-day basis.
  • Buy travel insurance.  This will pay your hospital bills if you fall ill on your travel. Similarly if you lose your bags while traveling, you can get reimbursement for the loss of bags. This will ensure you are not inconvenienced during your trip.
  • Use economical travel passes during your trip. Many countries offer special passes that allow you to make unlimited trips for a certain period by paying a nominal amount. This will work out more economical than using the cabs and paying for the trips individually.
  • Select the hotel with lower rating. These hotels usually offer you all the amenities at the economical rates.

 

With these tips you can get a great trip on a budget.

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Laxmi Kasbekar

Laxmi Kasbekar is a freelance finance writer based in Mumbai. She also offers guidance on investment and financial planning in order to help you achieve your financial goals.

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