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3 Budgeting Tips for your Overseas Holiday

money.jpg 4Planning a trip overseas can be very time consuming. First of all, you need to decide where you’re going first and then book the hotel, plan the itinerary and find plane tickets at a reasonable price. You’re also spending thousands of dollars in order to pay for your dream holiday. To help you plan your trip, here are three budgeting tips to consider.

1. Plan early

Try and plan your holiday a year or two in advance, that way you can start saving straight away and you can familiarise yourself with the necessary costs. Then spend the extra time shopping around for the best deals on currency, tours and flights. Investigate travel agencies and get your quotes. Do your sums and book early for the most inexpensive tickets. They mostly depart and arrive between Tuesdays and Thursdays. The ticket cost will be cheaper. Also prices might be cheaper if you don’t travel overseas during the peak season, which is June to the end of August. Also the December school holidays. To start investigating prices, check out Travel Associates.

2. Cut down on spending

This could be minor setbacks. Such as, making your own meals at home and taking them to work. Quitting take out all together. Starting to eat healthy and stop buying junk food. Saying goodbye to those late nights on the town. Whatever that is not necessary for you to buy; you can cut it out and save your money instead. To begin set yourself a margin of how much you need to save per a week in order to meet your overall goal. Stick to your budget by remaining vigilant and remind yourself why you’re saving. Stick pictures up of where you’re going to inspire you and celebrate saving money in small steps. Be aware when you reach the first thousand dollars.

3. Get financial help

Instead of getting presents when it’s your birthday or at Christmas, request money. These small amounts of cash will help you in the long run and you will appreciate the gift a whole lot more. Seek out the best credit card for you and your situation. Use the credit card for buying the necessities and souvenirs on your trip. Also, open up a savings account that has a low interest, no fees and an accompanying debt card. Dedicate this account for solely saving up for your trip. Then organise regular transfers from your pay cheque to go into this account. That way you are not going over budget. If you need a loan, make sure you do your research and get the one with the lowest interest rate.
Another idea is to get a second job on the weekend. If you’re already working full time on weekdays, try and get another temporary job. This could be walking dogs, cleaning cars and houses or babysitting. Saving up for a holiday is hard work but in the end, it is all worth it because the memories from exploring a new location will last a lifetime.

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