How I Save Money on My Holidays

If you are looking for a holiday that is affordable then there are lots of ways you can ensure you get the most out of your money.

Booking Early – “The Early bird catches the worm”

Most holiday providers work on the demand and supply theory which affects the cost of your holiday.  What does this mean for someone booking a holiday?  When there are plenty of rooms available at a resort it is often cheaper to get a deal because they need to ensure all their rooms sell. 

By booking advanced “early bird offers” you can get some of the best deals available, it pays to plan ahead.  Early bird offers make an appearance in January so welcome your New Year with some holiday shopping.   When the January sales are on I do not hit the high street but the Travel Operators.

Last Minute – “Patience is a virtue”

Last minute deals are also great to save money, working on the same principle as booking early if your holiday date is very close and there is plenty of supply.  Holiday providers want to ensure they have maximum occupancy thus giving some flexibility in pricing to those wanting a break.   Sometimes this is difficult when you have children and work so I prefer Mystery Breaks and Top Secret Hotels

Mystery Hotel Breaks are as they seem, you decide to go on a short break but add some spontaneity to it by letting the Holiday provider decide on where you go and where you stay.  If the thought of having little say in your break seems unnerving then choose the Top Secret Hotels option.  Simply decide on the location of where you wish to stay and leave the Hotel as surprise.  How does this all work? Many large Hoteliers do not like to advertise their rooms at less than their normal market rate so by keeping it a “secret” they can still ensure they fill up any last minute empty rooms.   Last year I booked a top secret hotel in London the night before and saved 50% on the price of my stay and I managed to remain close to the landmarks I needed to get to.

Look after the pennies and the pounds will look after themselves. 

Once you have decided on where you are going to spend your holiday think about all the ways you can continue to save. 

Currency – Make the most of converting your pounds

Look at the best exchange rates and shop around.  Many places that offer currency exchange offer it commission free but do their exchange rates compare to those who may apply a small commission charge.  In effect you will often notice that commission free deals often eat into the exchange rate so you lose money without noticing it.  Sometimes it can pay to take your pounds to the location you are travelling to and doing the exchange there.  But it is imperative you do your research as some countries have restrictions on the amount of money you can take with you.  I avoid exchanging my money here so I remain within budget at get a great rate.

Avoid the use of credit cards and debit cards which often incur additional charges.  You may have had a wonderful holiday and thought you had financially stayed within budget until you receive your credit card or bank statement in the post filled with charges and commission you were not expecting.

Remember that once you travel abroad that some countries may be more expensive that your own.  You may find your pound will not stretch as far as you thought and many daily items cost more than what you would pay at home.  You may have bagged a great discounted break but suddenly the costs you incur once you arrive start mounting up.

Economies of scale – Buy in Bulk

Remember that old saying if you buy in bulk than you could end up making savings.  By choosing to travel in large groups you can often get some amazing deals by negotiating.  These savings can be spread across the group so you all benefit by paying less for that important break.

Families – Put things into perspective

Never forget that we always put our families and children at the forefront of our decision making.  Children don’t appreciate the monetary cost and value of things.  Have you ever spent hundreds of pounds on a top of the range toy to see your child playing in the kitchen with your cooking utensils?  It does not make sense to book a break to the Maldives with the tropical sands, sea and breath taking scenery if you are travelling with children who have not yet acquired an appreciation of such things.   A camping trip is far more exciting, cooking family meals in the outdoors budgeting meals and commuting to local beaches and attractions possibly more enjoyable for them and your pocket.

Be A Meercat and keep your eyes peeled

Keep your eyes open for available deals by subscribing to newsletters and offers within the travel sector.  This will keep you up to date with great deals and will save you time researching the costs of your holiday.  

About Author:

Shalina is a travel writer for a UK website offering ways to save on short breaks and holidays. Visit the website here