Post Last Modified – February 01, 2021
Helpful Tips For Creating And Planning A Travel Budget
Table of Contents
I recently came across this colorful poster that outlines 6 helpful travel budget tips, recommended to be added when creating and preparing your own budget for travel. I enjoyed the look and the tips included on their colorful infographic, and I thought it would be neat to pass in on to you as well!
We always seem to miss calculate and / or forget a few things when budgeting for a holiday. This handy reference may help you out when planning your next vacation.
First, check out the short video below on a few tips when budgeting for a special Cruise Holiday from one my favorite Travel Experts; Peter Greenburg.
Peter Greenburg Budget For Cruises – YouTube Video
Thai Airways Offers Six Travel Budget Planning Tips
Thanks to Thai Airways for putting together this colorful poster outlining their recommendations when budgeting for your holiday.
Be Sure To Budget For Transportation
This is something that many simply forget to budget for or just ignore completely. Depending where to and how much traveling you are doing, transportation costs can add up big time! 🙁
Whether bus transportation, car rental, taxi or even any other mode of travel once you have reached your chosen destination, be sure to include this in your budget.
It is always a good idea to check with your travel agent or even on the internet for transportation costs in and around your chosen destination.
In many cases and depending on how many people are in your group, taxis can often be cheaper than bus transportation. We found this out recently on our last holiday to Hawaii. It was cheaper for our group to take a private taxi van than that of the local shuttle bus based on a per person cost.
This surprised me, but in the long run, it ended up being much more convenient, faster and cheaper too! 🙂
Include Accommodation In Your Travel Budget Plans
Aside from the cost of air travel and food, accommodation is definitely one of the more expensive aspects of travel. This is not the case of course, if you may be taking an all inclusive vacation where accommodation is certainly included in your total holiday package.
These types of vacation packages offer outstanding Value for the dollar and do include Cruise vacations as well.
It definitely pays to shop around and even contact the hotel or motel provider directly, rather than going through a third party. This is also where the many Benefits Of Booking With A Travel Agent is a great option depending on where you are traveling to.
They have access to wholesalers and much more, that are simply unavailable to the public.
On our last few travels abroad, we have really enjoyed home stay accommodations. Staying with locals is a great way to really feel what it’s like to live in the country you are visiting. As well, it’s a wonderful opportunity to meet new people as well!
If you haven’t experienced home stay accommodations or similar, be sure to check out my post here on How to Book A Room With Airbnb, a world recognized home stay booking site. We’ve always enjoyed home stays and it’s a great way to save money when traveling as well, compared to hotel stays.
Shop around and take advantage of all the resources available to you! 🙂
Establish A Food Budget When Preparing Your Travel Budget
The next highest cost for travel is of course, food. We all have to eat and depending on your budget, the options for food are unlimited.
There are ways to save a great deal of money on food when traveling. One such option is by selecting a hotel that offers a free breakfast included with the cost of your accommodation. Yes, there are limitations depending on where you are staying, but we often are able to enjoy a healthy breakfast with beverages included.
When you are traveling with a group of 4 for example, this can save you a great deal of money!
Food is difficult to budget for, but depending on where you are heading, one can usually stay within a daily set budget that you have set for yourself. Do some research on the internet, ask a travel agent or perhaps you know someone that has traveled to your chosen destination.
This helps a great deal when planning a budget for your holiday food expenses.
Add Activities Into Your Budget Plans
This pretty much includes everything else that you will have to dish out for your travels. For example …
Tours & Attractions;
These are just a few of the endless extras that have to be accounted for on a holiday.
So think about what you may have to pay extra for and try to include this in your travel budget within reason.
At least if you include this right away in your total expected expenses, you will be somewhat prepared when you arrive and have put money aside for these extras.
Plan For A Shopping Budget
Our travel budget tips also include setting aside funds for shopping. This can definitely eat up all your cash very fast!
If you are watching your spending, then try to set a maximum amount you will allow yourself for shopping. If using credit cards, then you certainly do not want to arrive home to all those extra credit card bills that will follow.
We all like to buy souvenirs and clothing while away on vacation, so set a budget and try to stick to it. It may prevent you from buying something you really didn’t need in the first place! 🙂
Be Prepared For Sudden Emergencies When Budgeting
Last but definitely not least is those unexpected expenses that surface while away.
I like to think of it as miscellaneous expenses. Things always happen or appear unexpectedly when away from home, whether that of an emergency in nature or just something extra that surfaces when traveling.
Lost sunglasses, more suntan lotion, that souvenir you simply can’t do without. I’m sure you get the message! 🙂
Within the last few years and like many other seasoned travelers, ATM’s are so readily available that we try to use cash for just about everything. It’s a lot cheaper than having to pay those extra fees credit cards add to your bill when your statement arrives.
But at the same time, it’s always good to travel with at least one credit card, so you can take care of those extra sudden expenses or unexpected emergencies along the way.
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We always use credit cards that offer air miles and other travel related inclusions. We have cards that have rental car collision coverage, medical, baggage loss, cancellation and more.
We’ve enjoyed a number of free flights over the years by using travel related credit cards. They cost a little more, but if you travel frequently, they are definitely worth it!
There you have it, six simple suggestions to think of when planning your holiday and trying to figure out your budget for expenses. Travel does not have to be that expensive if you set limitations and budget accordingly.
We have always managed quite well on holidays over the years, by just trying to stick as closely as possible to our pre-planned travel budget.
Looking for a few more travel budget tips? Below, I’ve added a link to the Travel Channels website page, where you can find an additional 23 Pro Tips for Saving Money on Travel.
📭 Travel Channel – Saving Money on Travel
Safe and Healthy Travels! 🙂
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