Summer is coming! How to make your money stretch over the holidays
The summer months are nearly upon us and if you are low on funds, you might be dreading the prospect of it. If you don’t have a lot of money to spare, this doesn’t mean you can’t go on holiday, you just need to be a bit more careful with your planning and spending. These are some ways to make your money stretch over the holidays, while also ensuring you have a great, worry-free time.
Holiday at home
It isn’t always necessary to go abroad on holiday, there are usually plenty of things to do in the country we reside and these can be just as good, but less expensive. You can instantly cut down costs on flights and general spending if you holiday at home and you’ll probably get to see some exciting places in your local area that you have never noticed before.
You can save a fortune on your holiday if you book it early enough. You can often pick up flights for as little as £10 to travel around Europe if you manage to book in advance. The closer it gets to the holiday, the greater the flight prices usually get, so book it now and go later. You will only need to pay the cost of the accommodation, which generally won’t change greatly over the space of a few months or more.
Generally speaking, the more people you have in an apartment, the lower the costs will be. With apartments, you usually pay for the accommodation, rather than per person. If you can get a good group of people to share your accommodation, you will really drive your costs down.
Borrow summer clothes
As soon as a holiday approaches, most of us start to worry about the clothes we will need and the huge cost of going on a shopping spree. However, this is generally unnecessary spending. Holiday clothes are often not worn again, so ask your friends and family if you can borrow some summer clothes from them. This will instantly cut down your costs before you even get on holiday.
Believe it or not, you don’t usually need to take a lot of spending money on holiday, you just need to be careful with your cash. Instead of lying around at the pool all day, ordering endless drinks and snacks, take a walk and see the local sights. Not only will you get exercise and some knowledge of the place you visit, you will also save a lot of cash at the same time. There are always plenty of free activities to enjoy on holiday, even if it’s just a simple walk in a park or a day relaxing with a homemade picnic.
This is often a more cost effective option, as you can buy your food at the local supermarket and make up your own meals in your hotel or apartment. The option of self-catering can save you a lot of the expenditure of eating meals out all day every day – which can add up. This isn’t to say that you don’t enjoy the odd meal out here and there, it’s just about being sensible with your cash.
You should always make your holiday booking via a cashback site, if possible. This will help you save money, as you will usually get a percentage or flat fee back after making your booking. Most people don’t use these websites but when you consider you are getting money for purchases you were already making, it makes sense to do this. This might also give you some extra cash to spend on your holidays, so it is worthwhile.
It is a good idea to use cash instead of credit cards when you are spending money on holiday. Not only is this a better way of managing your finances, it also saves you paying interest fees. When you pay cash, you can set budgets for each day and it makes it much more manageable to control. If you use cards for all your spending, you will have much less control over your spending and this is the way you end up accumulating a lot of debt.