So, you’ve booked your holiday, or you need to make sure you have the budget to even go on holiday. It’s so easy to fall into the trap of budgeting for the preparation, the flights and hotel, but forget that you’ll actually have to have a good chunk saved for when you get there. The best way to do this is figure out an approximation of how much you plan to spend while your there and then take just a bit extra for emergencies or if you end up spending a bit more than planned.
Food: Probably the most important thing to think about. If you’re going all inclusive you may not need to worry about this as much because it will be included in the price you paid for the hotel. If you are self-catered, you need to budget for the amount of food you’ll have while you’re there. As I recommended in my previous travel post it’s a good idea to choose accommodation with a kitchen so you can easily do a shop at the supermarket but remember food may be priced a bit differently abroad to how it would be in an English supermarket. I usually like to have a meal out on one of the days to try the country’s cuisine as a little treat so this is something you should definitely budget for if you plan to do.
Transport: Think to yourself how you are going to get around while you’re there. You will have booked your flights and hopefully an airport transfer but as you explore the city you’re going to have to get around. Most cities have great transport links so check out the metro and bus system as these are usually the cheapest option. This is something you’ll want to make sure you have the money for but shouldn’t burn a huge hole in your pocket especially if you plan your trip so that you’re doing things in a similar area each day.
Attractions: I would recommend planning what attractions you want to visit and what you want to see before you go even without thinking about budgeting. This will ensure you have time to actually do what you want to do and so you don’t spend all your time while you’re actually there working out what you want to do. From this you can do a bit of research to work out how much things will cost, and you may have to book some attractions in advance to make sure you get to visit. Dependant on what you’re planning to do, this could be what you spend most of this budget on, especially if you’re on a city break This is something, however, you don’t want to compromise on as while you’re there you’ll want to make the most of it.
Going out: whether you’re planning a meal or a big night out this is something to budget for. Some cities have an incredible nightlife, and this is something you won’t want to miss out on. Especially, if you’re planning to go and get drunk this will be something to bear in mind as alcohol is often not cheap and you don’t want to blow your whole budget in one night!
Souvenirs: you may want to pick up a couple of bits while you’re there to remember your trip. Personally, I collect a mug from every country I visit as a little memento.
Emergency fund: You never know when you might need a bit of extra cash and you don’t want to be caught short in a foreign country. My best bit of advice is to put aside some money that you can use in an emergency; you may have forgotten to budget something, things may be a bit more expensive than planned or you may want to treat yourself while you’re there. It’s always best to be on the safe side.
I hope these tips help you out. If you missed my blog post on how to budget in preparation of the holiday go check that out! In the next few weeks I’ll be posting about my favourite get aways for budget travel so keep an eye out for that.