6 MinsSep 30, 2022
A mere mention of the word "vacation" is enough to bring a smile. It's always fun to go on vacations
with friends, family, cousins, or even by yourself. Taking a holiday among the snow-clad
mountains or pristine beaches can provide you with a
wonderful escape from your busy life.
As the internet and technology advance, it's easier than ever to plan a vacation. You can simply
download a travel app on your smartphone and use it to book your flight tickets, hotel
accommodation and everything else required for a holiday.
However, the actual worry seeps
in when you start counting the expenses you may incur on your vacation. For sure, you are
planning a vacation to eliminate stress from your life. But it can become stressful if you don't
prepare a budget and
go overboard with your spending.
Here are the five simple tips that can help you plan a
budget vacation and save money while travelling:
1. Create a budget for your vacation:
Prior to planning your vacation, it is
imperative that you create a budget. The amount you can spend on your vacation must be known in
advance. Going on an expensive vacation when your
budget is limited may not be a good idea.
While creating your vacation budget, do not
forget to consider all expenses that you may incur. These include the cost of travel tickets,
hotel bookings, shopping, eating, sightseeing, etc. You
should also consider the number of members in your group while preparing your budget. Needless
to say, the greater the number of travellers, the higher the budget will be.
Now, this
budget will be your guideline for planning your travel
itinerary. If you don't have the requisite finances, you can apply for a Personal Loan to meet all
your travel-related expenses. However, your personal loan amount
should not exceed your travel budget.
2. Choose a location depending on your budget:
Next, you need to decide where
to go on vacation. While choosing your destination, you must consider your personal preference
and budget. For example, if you're a mountain lover,
you can choose a hill station, or else, if you want to spend time by the seaside, you can opt
for a coastal destination.
Also, make sure that the destination chosen by you is as per
your budget. If your budget doesn't allow you an abroad
trip, you can plan your vacation within India. India has great holiday destinations, such as
Gangtok, Goa, Ladakh, Kashmir and Tirupati.
[Also Read: How
to save money for a vacation in 12 months ]
3. Determine the cheapest travel mode:
Another way to reduce your vacation
expense is to travel via the cheapest modes. After the COVID-19 pandemic, most airline providers
have hiked the rates for flight tickets to popular
tourist destinations. So, what you can do is travel via trains and buses. Railways are often
considered the cheapest mode of transport in India.
To reduce your travel expenses further,
you can book your tickets on Garib Rath trains, which
offer air-conditioned travel at cheaper rates. However, one problem you can face with the
railways is the availability of confirmed tickets. If you’re booking your tickets at the
eleventh hour, you can take the help of the Tatkal Reservation
System.
4. Plan your itinerary well in advance:
If you want to plan a vacation on a
budget, the best way to go around is to plan your itinerary well in advance. This will allow you
to get your flight tickets and hotel bookings at
affordable rates. On the other hand, last-minute booking of flights and hotel accommodations
will unnecessarily swell up your travel budget.
Additionally, when you plan your itinerary
in advance, you can select the dates and places as
per your wish rather than availability. Travelling on weekdays instead of weekends is another
excellent way to save some additional bucks.
5. Apply for a travel credit card:
A credit
card works on the principle of "Use Now, Pay Later". You can use your credit card to
pay for your flight tickets, hotel stays, shopping,
and dining during your trip. Once you return from vacation, you can repay the
amount.
Another benefit of using a credit card is that it provides you with
cashback and reward points that you can
redeem to receive attractive gifts. You can get discounts on your flight tickets, hotel
bookings, and other travel-related expenses with a travel credit card. This, in turn, can help
you maximize your savings during your vacation.
A vacation
can be enthralling and relaxing. But you should try not to cross your budget at any cost. You
can apply for a personal Loan or a travel
credit Card with Axis Bank to meet all your travel-related expenses without any
hassle. You can use our online Personal Loan EMI calculator
to know your EMIs and plan your vacation better.
If you’re planning an abroad vacation, you can also apply for a Forex Card. It is a safer and cheaper mode to
manage your transactions on foreign shores. You can apply for a Multi-Currency
Forex Card in just 5 minutes from the convenience of your home and load up to 16
currencies.
Disclaimer: This article is for information purpose only. The views expressed
in this article are personal and do not necessarily constitute the views of Axis Bank
Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for
any direct / indirect loss or liability incurred by the reader for taking any financial
decisions based on the contents and information. Please consult your financial advisor
before making any financial decision.
