Finance

Tips for Managing Holiday Spending

Holiday Spending

“Garmi ki holidays mein hum Maldives gaye the.”

Remember how we discussed our summer holiday breaks with our school friends? During those discussions, there used to be that 1 kid who went on lavish holiday destinations every summer. And he even boasted about his adventures to every single classmate. It’s possible that the kid’s parents might have taken a personal loan for holidays.

What if we tell you that if you learn how to plan your holiday, even your child can become that 1 kid who goes on such lavish outings? Amazing, right? That’s why you need to read this blog. We have included all the tips and tricks to help you save money even when planning a holiday.

Jaldi kar. Kal Subha Panvel Nikalna Hai

3 weeks before your travel, on a Tuesday or a Wednesday, you should book your flight tickets. And for railway tickets, try your luck on a Tuesday or a Wednesday and 12 weeks before your trip. However, we all know booking tickets for a holiday commute can’t happen on such advanced notice.

That’s not at all an issue. You can book the tickets even if you visit somewhere after 3-4 days. All you have to do is make sure that the train or flight tickets are booked as soon as you decide to go on that holiday trip.

Jhund Bana Ke Chalo

Did you ever eat out with your friends and split the bill? If yes, then you know that doing expenses while being a part of the group costs you less than doing the same thing alone. So, why can’t you apply the same thought when making trips?

Instead of going on a solo backpacking trip, you must convince your friends to accompany you. This way, you can save money on everything from hotel bookings to eating out.

Holiday Spending

Aamdani Atthani, Kharcha Rupaiya

You need to ask yourself, “What’s my budget for this holiday?”

Based on this answer, you can plan your expenses and activities. For example, if your holiday budget is Rs. 5000, you will refrain from clubbing while on holiday. This way you will save yourself Rs. 2000, which you would have spent on paying the entry fee.

When you make a conscious decision in terms of spending, then you will rarely go beyond your decided budget.

Tohfa Tohfa Layaa Layaa

If you go overseas for a vacation, your relatives will give you a gift. In cases like these, instead of buying an expensive present from the archives, try to DIY the gift. For example, don’t buy a costly cutlery set from your holiday destination. Instead, try to find some local bakers or craftsmen and raise a request to prepare a customized order.

Like this, you won’t just save on your pocket, but also enjoy the holiday to the fullest, by spending on necessary things only.

Conclusion

Following tips like these, you can save a lot even on holidays. However, if a sudden vacation pops up on your yearly calendar and you don’t have the budget to spend, you can resort to a loan for holidays. So, let’s recap: book your tickets in advance, plan a group holiday, DIY your gifts, and set up a budget for your vacation.

If you follow this list point to point, you can save your hard-earned money and not even bother to spend a hefty amount in a single go.