How To Make Your Dream Holiday A Reality*

On average, unexpected costs mean that holidays end up costing families 17% more than what they budget for. Talk about back to Earth with a bump. Whether it be visiting the sites of favourite shows, seeing faraway friends or simply wanting to tick somewhere off your bucket list, chances are there will be a few places you are really keen to travel to. Here’s how to do so without burning an irreparable hole in your pocket.

Plan and save early

First things first, start saving early. Better yet, save your money in a separate account, and be sure to do your homework on the different interest rates and deposit commitments available to you. If you are planning on going abroad, it is worth checking out the various air miles schemes on offer by airlines and banks alike. Meanwhile, look over your monthly outgoings and see if there is anywhere you can tighten the purse strings a bit. Food shopping is often a good place to start (i.e. going for cheaper brands or planning your meals). With just a bit of research and financial savviness, you can be on track for your dream holiday in no time.

Go off-season if you can

Parents of school-age children are of course limited to travelling out of term-time, which can make it more difficult to find accommodation and plane tickets at affordable prices. However, there is usually a good deal to be had and, if you start scouting out prices early (and regularly), you are likely to be rewarded. You just need to act fast.

If you are not limited to school holiday times, then all the better. This can save you a considerable amount of money. It obviously also means there are likely to be fewer tourists going at the same time as you.

Consider the cost of food, activities, and gadgets

The unanticipated costs on holiday that catch so many of us out are the cost of food and drink, daily activities and things to keep us amused. This is particularly true (especially the latter) when it comes to travelling with kids. Perhaps surprisingly, domestic holidays (‘staycations’) are the worst for this. So cover yourself by overestimating the cost of an average day and/or booking somewhere that is self-catering. This will give you more control over your budget and make you less likely to be hit by unanticipated outgoings.

Overall: Be canny with your planning

Holidays can feel extravagant, especially when money is tight and, it turns out, there’s a good chance you’ll overspend. However, don’t be put off. If there is somewhere you’re really keen to go, it really is achievable. Just plan early, do your research on what’s available to you in terms of savings accounts and/or loyalty cards. Avoid peak season and self-cater. Finally, be hot on your outgoings and where you can save money, and stick to it.