Do you want to enjoy a guilt-free vacation but you’re worried that you’ll be wasting your unsecured personal loans if you do? Before you go down that guilt lane, realize that taking a break from work may actually make you healthier, happier and inspired to be more productive when you get back.
So, go ahead, take a vacation and make yourself happy. Just make sure you check out these tips to make the most out of your borrowed money.
Create a vacation budget. Yes, it’s important. You may be on vacation, but your money isn’t. So, get your pen and paper (or your iPad, phone, or whatever works to keep records of your expenses) and start writing down the cost of travel, like transportation, accommodation, clothes, travel insurance and other needs. Set a daily limit so you won’t be tempted to buy other stuff that you don’t really need.
There are also pre-trip costs like immunisation, visa, travel gears, quality luggage, clothes, shoes and probably travel adapters and the like, depending on your destination.
It’s also important to track your spending the moment you bolt from your door so you can have an exact picture of your finances when travelling. Save the receipts and write down all your purchases so you can check them every now and then. This way, you won’t have to dip into your credit cards. The record will also be your basis for your budget the next time you travel.
Plan your routines
If you want to save as much money as you need, make sure that you know exactly how much your vacation costs. Look for ways to cut your expenses by searching for discounts, promos and looking for alternatives. For example, if you intend to travel by yourself you can join a group which avails of a group tour package, if you’re heading to the same place. You might also enjoy their company and make new friends in the process.
It is also important to be flexible, especially when there are travel splurges that stress you out. Plan out where you are going, how much you’ll spend on food and travel and set your spending limit for the day. This way, you won’t be tempted to buy souvenir items and other things that are not really in your wish list. You’ll also have spare money for other things when you get home.
Here are some money-saving tips when travelling:
Do a simple search on the internet for the cost of public and private transportation to your destination. While you can plan ahead for your big transportation cost (airfare, bus, etc.), you may also be surprised with the cost of minor transportation once you reach your destination. Try to find out how much boat, bus or train tickets cost. Also factor in cabs from one point to another.
Look beyond marketing.
Buy the experience and not the ad. When you’re looking for a place to spend your vacation, make sure that it is worth spending money on. Don’t book a hotel or stay in a resort on the basis of an enticing advertisement. Instead, look for places that can really give you the experience that you need.
Don’t easily believe on discounts and reduced rates. Always watch out for hidden fees. If you’re planning to purchase a ticket based on the discount, ask about the actual cost if you don’t meet the eligibility criteria. Remember that some credit card companies offer freebies to its members. That being said, if you’re not a member, you cannot count on it. So, ask before you purchase to check if you are eligible.
Get the right break time
Choose a place and set out activities based on the purpose of your vacation. If you’re looking for inspiration to generate new ideas, and create new solutions and strategies to business-related problems, go to a place which will reduce or totally eliminate the enormous pressure. A change of scenery will work wonders,–especially if it inspires creativity and clear up you mind—like a beach, comfy vacation home and the like.
A vacation can also help you network with like-minded individuals. You will probably meet potential business partners, investors or employers along the way. So, bring your stunning calling card and maybe your best business proposal and resume so you’re ready to engage with some of them when opportunity strikes. Take advantage of endless opportunities, discover new leads and plan revenue-generating projects while you enjoy a well-deserved vacation.
Take great pictures. Yes, they definitely last longer and can put a smile on your face every time you look at them. And when the time comes for you to pay for your loan, you can tell yourself, that it was worth the interest you’re paying.
Check out our unsecured personal loans. You might find the best deal at the most affordable rate. Make an enquiry today.