When it comes to planning a vacation trip and determining the costs associated with it, many people concentrate only on three major categories: tickets, accommodation, and attractions. And, although these categories will make up the majority of your travel budget, there are a few more areas you may overlook, resulting in you spending much more money than you expected on your holiday.
Below, you will find a list of travel expenses you should add to your holiday budget. They include but are not limited to emergency expenses, mobile phone charges, commuting and parking costs, foreign transaction fees, eating in cafes and restaurants, and spontaneous activities. Continue reading to get appropriately prepared for your next adventure.
An emergency does not always have to end up with you getting injured. However, even if you had a minor accident with your rental car where no one got hurt, it can get costly. When this situation happens, you should expect to pay for any repairs, deductibles, and possibly the replacement of the vehicle itself. The same goes for medical expenses incurred while travelling.
You definitely should have travel insurance to cover these costs, but it doesn’t hurt to be financially prepared in other ways. For instance, you can save part of your money for a rainy day. This way, you will keep your travelling budget more or less intact.
Alternatively, you can take out a loan to secure the necessary funds before you start your adventure. If you are unsure what type of loan will be best suited for your needs, you can contact societyone.com.au, some other personal lender, or your bank to get more information on the best loan options for you.
Mobile Phone Charges
While you are on vacation, you want to make sure that you can contact people back home. It means you will probably use your mobilev phone quite a bit throughout the trip, especially to call your family and friends. Most mobile plans include unlimited calls within your country, but extra charges may apply when you are travelling abroad.
Commuting and Parking Costs
When you are staying at a hotel in the centre of the city, you may overlook commuting costs, but in fact, they can add up to be quite expensive. It all depends on where you are staying and how much it would cost to drive to local attractions every day. If you are staying in a tourist area, an economic alternative could be to get a room in the suburbs and then take public transport to get into the city.
Foreign Transaction Fees
When you are travelling abroad, you need to be aware that every time you purchase something with your credit card, your bank will process the transaction, and money will be deducted from your account. It is often referred to as a foreign transaction fee, and it is usually 3% of the purchase price. Although this doesn’t seem like a big deal, it can add up if you make multiple purchases while travelling.
Eating Out in Cafes and Restaurants
Most people consider eating out while travelling as part of the experience. Whether you want to try new foods or enjoy a drink at a nice bar, eating at restaurants and cafes is something many travellers look forward to. However, while eating out can be fun, it can also be expensive.
To save some money, bring a small bottle of water with you when going out, so you don’t have to pay for a drink in a cafe or restaurant. Also, if you are going to a fancy place, check their menu online, so you know how expensive it is to eat there.
If there is one thing about travel that never gets less exciting, it’s spontaneity. Unfortunately, it can also be quite expensive. You may find yourself in a beautiful location and suddenly decide that you will go for a swim in the lake or go hiking in the mountains. These activities can definitely turn out to be fun, but they can also prove to be quite expensive.
When going out with friends, make a plan for the day, including a budget for any activities you might want to do. If possible, split the cost between all participants. That way, you will know how much you can spend on spontaneous activities and avoid blowing all your budget in the first few days of your trip.
Even if you stay in a hotel, the free Wi-Fi service may not be available or offer a very limited amount of data. If you want to use your social media accounts, send messages, or check your emails, you will need to purchase a prepaid Wi-Fi service. Doing this can be pretty expensive and can easily cause you to spend more money than you expected.
When going on a tour or visiting a tourist attraction, admission fees can sometimes be included in the overall price of the activity. However, this is not always the case. For example, when visiting a museum, you may have to pay an extra fee to enter the building.
The same applies to attractions like zoos, amusement parks, and other places that charge admission fees on top of what you paid for the ticket. Be sure that you know what fees are included in the cost of the trip and which ones are not.
Vacations are meant to be fun and exciting, but they tend to be expensive. The more you know about the expenses associated with your trip, the better prepared you will be. Hopefully, the information provided here will help you create a more accurate travel budget.
Remember to consider commuting and parking costs, as well as extra mobile phone charges. You might also want to prepare for emergency expenses by saving up some money before your trip and getting travel insurance. Plus, you should prepare yourself to pay admission fees to visit the most popular tourist attractions.
If you do these things, you will have a much easier time managing your budget. Have a lovely holiday!