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Simple Tips for Budget Holidays

Percutian Bajet_Makan
ASNB
ASNB Academy

8 min read

Many of us frequently dream of going on vacation abroad or to any exciting place in the country. Still, these dreams always dissipate when confronted with financial considerations. 

Moreover, the expenses associated with international vacations extend beyond airfare, accommodation, meals, and other factors such as currency exchange, which require discretionary spending.

Careful Planning

Whether planning for a domestic or international vacation, a well-planned itinerary will make it possible for you to experience more than those spending lavishly, even if you have a limited budget. 

As such, there are a few key elements that you need to consider carefully, such as accommodation, transportation, destination, and how you want to experience your vacation. 

However, if you plan for a budget vacation, it is essential to note that you need to forgo a little bit of comfort and be more prepared in terms of mental and physical strength, as you need to always be on your toes.

Hence, it is advisable to start planning several months in advance for the intended vacation to ensure a more effective and comprehensive approach can be planned. 

As such, creating an itinerary and budget in an Excel file and inputting all essential information can facilitate calculations and comparisons, enabling a clearer understanding of potential expenses that may impact your budget.

It is easy nowadays as information regarding accommodation, transportation, dining, and so on has been made convenient through the Internet.

Social media platforms also offer valuable insights as there are a lot of stories shared by those with experience, which will serve as valuable guides for your own getaway.

A well-planned vacation will allow you to enjoy your vacation to the fullest, even with a limited budget. 

How to enjoy your vacations even when your budget is not as much, maybe you can consider doing the following:

1. Early Booking

Secure early bookings for plane tickets and accommodations will allow you to benefit from lower prices compared to making it when the date is nearer. 

However, as you might incur losses if the vacation needs to be canceled due to unforeseen circumstances, it is advisable for you to carefully plan the date of your vacation so that you will not need to cancel unless it is indispensable. 

Some people even book plane tickets up to a year or six months in advance, especially for sought-after destinations like Kota Kinabalu in Sabah or Europe. The main goal is to take advantage of lower costs and a wider selection of preferred seating. 

When it comes to hotel bookings, you can try various applications such as Agoda, as the apps guarantee a refund if cancellations are made within the stipulated timeframe. This feature adds flexibility to your reservation, but caution is necessary to ensure timely cancellations before the offer expires.

Remember to ensure your booking is confirmed by receiving a confirmation email and a payment receipt. To wait until the last minute only to realize that your booking did not go through will only result in the cancellation of your well-planned vacation or higher cost as you need to rebook at a higher price. 

2. Avoid Vacation During Festive Seasons and School Holidays

This guidance is particularly relevant for individuals who are currently single or do not have school-going children. 

It emphasizes the importance of making the most of this time to enjoy while you can. 

Once your children start school, vacationing at a lower cost will be more challenging, as prices tend to surge during school holidays due to increased demand. 

Accommodation, flight, and food prices might be double as compared to when it is nonschool holidays or weekdays, significantly raising the overall holiday expenses. 

Therefore, take advantage of your current single status or non-schooling kids and enjoy your budget vacations as much as possible.

3. Use Booking Applications, Especially for Accommodation

You can use booking apps like Trivago, Agoda, and Airbnb to facilitate your booking for cost-effective travel planning. 

These apps will not only make it easy for you to make price comparisons but also share some insights on hotel quality based on guest feedback. 

The apps also provide some helpful information regarding nearby tourist attractions, making planning your vacation routes easier and avoiding mishaps during your stay there.

While some may view a planned vacation as less adventurous, it will help you to be at ease and enjoy a more comfortable vacation within your budget

4. Choose Accommodation based on Affordability.

There is a diverse range of accommodation options available. Still, homestays stand out as a particularly economical and comfortable choice, especially for larger families or those planning group vacations with friends. 

While homestay facilities may not match the luxury of hotels, they often prove more than sufficient, considering that vacations typically involve spending more time outside the accommodation than inside. 

Amenities such as WiFi, gyms, spas, or swimming pools, which contribute to the premium nature of hotels, may go unused due to time constraints and all other activities being lined out during vacations.

Choosing a homestay also reduces expenses because you can cook simple meals and bring more food supplies.

5. Suitable Transportation

Transportation costs are a crucial factor that demands consideration, as the mode of travel can significantly impact expenses. 

For instance, you are planning a vacation in Pulau Langkawi. While flying may be chosen for its speed and comfort, it's essential to account for additional costs such as airport transfers and car rentals.

Alternatively, you can go there by ferry, in which you need to drive to Kedah, Perlis, or Penang to reach the jetty. From there on, you will be taking a ferry, and later, you can rent a car. If you want to bring your vehicle to the island, you can onboard a Roro Ferry. 

If you are not in the mood to drive, you can take a bus or ETS before heading to the jetty.

You will need to decide based on your budget and preference, and it is crucial to make careful calculations before deciding on a mode of transportation when planning a vacation. 

Plan and Manage Your Finances

Effectively managing your expenses is crucial when on vacation, and it's vital to create a budget that encompasses all the estimated costs for transportation, accommodation, meals, and any other necessary and related expenses.

Remember to include insurance, especially when you travel overseas.  Additionally, allocate a specific amount for shopping and souvenirs, ensuring you adhere to the limit. 

Of course, it can be challenging to resist overspending, especially in duty-free islands such as Langkawi or in Kelantan and Terengganu, famously known for their keropok and batik.

Despite the temptations, exercising restraint and avoiding excessive shopping is advisable. 

Credit cards should only be used when necessary and not as a substitute for cash, as relying on them might lead to exceeding your budget. 

Spend modestly during your vacation, aligning your expenses with your financial capacity. Keeping a mindful approach to spending will help ensure that your holiday remains a source of relaxation rather than contributing to financial burdens.

Article Highlight

1. Thoroughly plan your vacation with early bookings to secure lower costs for accommodation and transportation, particularly for flights.

2. Utilize travel planning apps to streamline your vacation arrangements and capitalize on promotional prices usually available for online purchases.

3. Develop a comprehensive budget for accommodation, transportation, food, and other anticipated vacation expenses. Ensure that your expenditures during the trip align with the predefined budget.

4. Consider investing in a dedicated Vacation Fund, with options like Amanah Saham Bumiputera (ASB) or fixed deposits as suitable avenues for building this fund over time.