5 smart ideas to cut holiday costs

Last Modified 16th of February 2021

Everyone needs an opportunity to get away from it all, but if you’re not exactly flush with cash, you’re probably thinking twice about taking an expensive annual holiday. However, if you wish to enjoy a relaxing holiday without breaking the bank, here are some simple tips to help you cut down on the cost of going away.

1. Time your bookings carefully

Many flights and rail tickets are significantly cheaper if you book a few months in advance. On the other hand, hotels occasionally offer cheaper rooms closer to the date of arrival to avoid empty rooms. Keep an eye on the booking sites to get a feel for how the prices flow and make sure you use a comparison site for extra savings – you’ll soon learn when the optimum booking times are.

2. Take to the road

Instead of relying on expensive flights, why not set off on an old-fashioned road trip? It’s great for exploring out-of-the-way locations and you have the opportunity to take the journey at your own pace. There are beautiful sightseeing spots all over the UK and if you’re feeling adventurous you could even drive across Europe.

3. Protect yourself from unexpected costs

It can be all too tempting to try and save money by neglecting to get proper insurance before travelling – but if anything goes wrong the expense can be far higher than the cost of your premium…and even your holiday. Instead, shop around for the best value insurance you can get for your money to ensure that you’re covered no matter what happens.

4. Create a daily holiday budget

It’s easy to find yourself overspending while abroad, meaning a week or two of relaxation amounts to months of stress as you try to get your finances back on track. Try to avoid this by setting a strict daily spending budget and sticking to it. It doesn’t have to mean compromising on fun; it just creates an opportunity to think a little more carefully about what you’re spending your hard-earned money on. Many of the greatest pleasures to be found on a trip abroad, such as sight-seeing and dining out, can be achieved for far less if you wander off the beaten track.