Summer holidays can be somewhat more complex than we would like, due to potential economic announcements that will occur before, during and after the planned vacation. You may have many questions which can impact your decision to travel such as the following.
How much is the maximum that I should spend on this vacation? Should I draw up a budget? Is it convenient to buy a vacation package, or follow the “do it yourself” model? How can I save money during the break? Are there new technologies that can help me spend less and travel more intelligently?
We will see the answers to these questions below, in these 3 money tips to optimize the vacation break.
Budget Holiday Expense
The word budget refers to the anticipated calculation of the income and expenses of an activity during a given period. In the case of vacations, we take into account potential expenses with the aim of optimizing them and adapting them to the total money available for this activity. The first step is then to calculate the maximum amount of money that is recommended to spend based on our level of income, then divide it into equal parts, one for each day of vacation. To reach this total available, what is recommended is to add the 13 annual salaries (12 months of salary plus the bonus if available) and multiply the total by 0.10 so you come out with a tenth. In some situations, you may need a personal loan and for you British people, you can try Cashfloat.
Use The Technology And Do-It-Yourself Model
As in the case of investments, fixed terms represent the most comfortable but at the same time least profitable option, in terms of vacations, the most popular (but also the most expensive) option is to buy directly a vacation tour package.
But there is also another much more economical possibility: the “do it yourself”, which also has the advantage of being able to manage times and bond more with the local people taking advantage of the new technological tools that we have at our disposal.
Do Not Relax On The Financial Plan
We said at the beginning of this note: these vacations that begin within a few weeks have a particularity. Therefore, it is advisable to have “fine-tuned” everything related to savings. For example date of renewal of fixed deadlines or other investments that may come to maturity in the period in which we will be away from home.
If you follow these financial guidelines you’ll make it easier to enjoy your vacation and leave money stress behind. No one wants to be worrying about dollars and cents when there is sightseeing to be done.
*This is a sponsored post brought to you by a guest contributor