How to save on last minute travel plans
Ever thought of putting together a last-minute trip in December? Whether out of impulse or necessity, it's possible and it doesn't have to be expensive. Here are a few tips that will help you plan the perfect getaway with friends or family and save money on it too.
- Be flexible
When planning a spontaneous vacation, you have got to be flexible with your dates, destinations and travel arrangements. The more flexible you are, the more money you will be able to save.
For example, overseas destinations like New York tend to have cheaper flights during the week. And for local ones, flying from smaller airports and booking off-peak times (such as early mornings and late nights) will mean cheaper deals on flights. There are sites that can help you to get the best deals, like Google flights.
- Consider a road trip
Flights can be expensive, especially if you're taking your family on vacation. A great, cost-saving alternative is to take a road trip instead. What you save can be spent on entertainment, food or even a better hotel. Even with daily expenses, such as toll fees and fuel, you’ll probably come out way ahead. With that in mind, set yourself up for saving by choosing destinations within driving distance.
- Create a realistic budget
Planning a last-minute getaway can tempt you into spending more than you should due to the fear of missing out (FOMO). That’s why a realistic holiday budget is so important. There’s also the added bonus that, if you don't spend all your money on this specific trip, you will have money available for emergencies, or even for your next spontaneous trip.
Use your MyWORLD bank account to create a holiday Power Pocket. This will help you to reserve money each month for your holiday spending. You can do it all online, from wherever you are — that's the benefit of online banking.
- Choose your accommodation wisely
Do you prefer hotels, chalets or rented holiday homes? Where you choose to stay can have a big impact on the costs of your trip. Hotels and resorts tend to have more amenities, but food costs can add up quickly as you will have to buy most of your meals. Holiday homes, on the other hand, allow you the flexibility of bringing your own groceries, which helps to cut down on your food bill.
- Travel Off-Peak
Instead of traveling over the Christmas holiday period, for example, try leaving for your destination a few days after Christmas and returning home several days after the New Year rush. Likewise, try to travel between Tuesday and Thursday. Play around with dates to find the lowest price for the vacation you want.
- Split Costs with Family and Friends
Picture a giant beach house with 3 to 4 bedrooms, its own pool, and an expansive beach just for you and some friends to enjoy. The more people you can bring along, the less each family unit will pay for their piece of paradise. As an added bonus, you get to spend time with friends or the people you love.
Planning for this trip with friends and family doesn't need to be hard. With African Bank MyWORLD, you could use your Savings Pocket account to share, bank and save with your friends and family. This Pocket account allows you to add up to ten members, who can each make deposits into the account for the holiday, and track how much each member is contributing. Plus, you all get to enjoy the benefit of saving at SA's best rate.
You might be asking yourself: what are the advantages of internet banking? Well, if you’re using MyWORLD, you can all use internet banking to save together and monitor the progress of those savings. There’s the flexibility of staying up to date with your finances and making deposits without having to visit a branch or ATM — so useful when you can’t spare the time off before you go on holiday.