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How To Save Money: Going On Holiday

Updated: Dec 11, 2019


The average brit goes away twice year at a cost of £855 per person each time and 22 per cent head off having borrowed money to fund the holiday. Though simply putting the holiday on a credit card can add hundreds to the overall cost.


Here you can find tips on how you could save up for your next holiday, because reducing holiday spend doesn’t mean reducing holiday fun!


PLAN YOUR BUDGET

Don’t rush into booking a holiday. Planning your budget makes it easier to see exactly how much you need to save. Don’t just think about the price of the travel and accommodation; think about transfers to and from the airport or resort, plan how much you will need each day. Are meals included? Are you going to do any excursions? Knowing exactly what you are going to spend before you book will stop you having to reach for the credit card.


THINK ABOUT YOUR TIMING

Everyone knows travelling at peak times, like school holidays, means you will pay a premium. If you have to travel in the school summer holidays, go for the latest possible dates. The last week in August and the first in September are normally significantly cheaper than the rest of the holiday period.


CUT BACK ON THE UNNECESSARY FRILLS

Do you really need seat selection and priority boarding? These charges can drastically inflate the headline price of a flight. Also think about taking your own food, A round of sandwiches and soft drinks for a family of four could cost at least £25 on board a plane.


AVOID THE EXPRESS SERVICES

This applies to getting to and from the airport in both Britain and abroad. A return fare on the Heathrow Express, for example, costs £36 - compared to the £10 you'll pay if you go by Tube.


SKIP THE HOTEL BREAKFAST

It goes without saying, if breakfast is included in your rate, then fill your boots at the buffet. But if it’s not, then in more expensive hotels you could be paying upwards of €40 just for a continental breakfast, so nip out to the nearest cafe.


DINE AWAY FROM THE CROWDS

Restaurants and cafes a few steps away from the big sights are invariably cheaper than those whose main trade comes from tourists. A five-minute walk can halve your bill and get you a much better experience.

It’s all too easy to get caught up in the spending cycle in the lead up to the summer holidays. However, if you’ve got a plan in place and know how to get pounds to stretch further, you won’t have to reach for the credit card.

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Jason Peter Bowen is Authorised to Act as an Insolvency Practitioner, in the UK, by the Insolvency Practitioners Association, IP Number 22150. All Insolvency services are provided in partnership with The Debt Resolution Service. The Debt Resolution Service is registered in England and Wales. Registered Number12692223 and having its registered office at Mills Hill Works, Corbrook Road, Chadderton, Oldham, OL9 9SD.

 

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