Keeping Your Savings On Track Can Feel Like Sacrificing Travel If You'Re Saving For a Home Deposit. Financial Planning Melbourne Can Help

 

 

There are ways to have a memorable holiday without ruining your savings or breaking the bank, as your financial planning Melbourne team will tell you!

Our day-to-day budgets are under pressure from the rising cost of living, especially when it comes to airfares and accommodation. The price of airfares has fallen from its historic peak in early 2023.

There is still a high demand for accommodations, and the prices are also high.

Here are some tips to help you keep your travel costs low if you want to go away on a holiday but don't want to break the bank.

Make the most of your savings by planning ahead and asking your financial planning Melbourne team to assist.

Even though it can be fun to head out on a whim, spontaneous travel can be expensive. International travel is best booked 22 weeks in advance according to Skyscanner's data. However, this varies by city. The best bargains for domestic travel can also be found 21 weeks in advance if you plan well.

Different destinations are usually more expensive for flights and accommodation during their peak travel times around school holidays. Australians often seek tropical escapes during winter, when fares to Bali soar. You may find great deals if you choose to go to Bali in the wet season between October and March.

Reducing the cost of accommodation – a useful financial planning Melbourne tip!

After you've got your flights sorted, it's time to think about accommodation, and if you think the cost of booking a hotel for a holiday has gone up in recent years, you would be right! Three years ago, Airbnb reported that short-term stays cost 35% more than they did three years ago.

You may be able to save money by housesitting - either by arranging it with friends or family, or through online services that allow hosts and guests to schedule. The company claims to be Australia's largest and most trusted house-sitting website.

In addition to providing free accommodation, volunteering in Australia or abroad can also give you the satisfaction of helping a worthwhile cause. You can teach English overseas on Free Volunteering, work at a hobby farm or hostel, or teach English overseas on Free Volunteering.

To earn money while enjoying a change of scenery, consider a working holiday in Cairns or Bondi. You can find working holiday jobs here.

Take a budget holiday on the road

Traveling around your own backyard is also a great way to avoid airfares and accommodations. The cost of all the equipment you will need to camp can seem intimidating, but it is an excellent way to see the country on a budget. Take advantage of the sharing economy by checking out online sites that let you borrow tents and stoves, or ask friends to lend you their gear.

It's never been more popular to get away in a campervan. However, renting a van for a one-way trip offers bargain hunters opportunities since firms offer discounts for moving vans from one city to another. Depending on your itinerary, it may be a good way to get from point A to point B.

Furthermore, it's easy to overspend on vacation and end up breaking your budget. In addition to planning your break and developing a budget you can live with, you should also check in periodically with your v team during your trip. No matter how tight your budget is or how much you can spend at that great restaurant you just saw.