Summer is here, and it’s time to relax and rejuvenate.

Whether you are about to go on holiday or planning a last-minute trip, it’s important to consider your financial goals and avoid splurging. A costly trip can quickly derail your personal finances, so it’s crucial to aim for a debt-free holiday.

We’ve gathered the top budget travel tips to help you unwind without the extra fees. Scroll down to get started.

1. Start With A Realistic Budget

The first step you need to take is setting a realistic holiday budget. Setting clear parameters for your trip allows you to control your spending and ensure you have enough cash left for your savings, retirement and daily expenses.

Your travel budget should cover meals, activities, travel and accommodation. If you are planning for the future, start putting money aside to cover these potential expenses. However, if you are planning a last-minute trip, try to keep your budget to a minimum and opt for affordable travel deals to protect your savings.

Get started with our guide to the best personal finance books for beginners.

2. Be Flexible

Flights and accommodation costs soar during the high season. If you can, try to book your holiday in the off-peak months to secure a lower price and avoid the crowds.

Avoiding the peak season is near impossible if you are travelling with children. But you can opt for less in-demand vacation spots to save some extra pounds. That’s right. Like clothing, destinations go in and out of style.

3. Consider Alternative Accommodation

Hotels aren’t the only accommodation option on the menu these days. So, get to know the alternatives. These are just as comfortable and often shave off extra costs.

Alternative accommodation includes:

  • Camping
  • Home exchanges
  • Caravans
  • Apartment rentals
  • AirBnBs

The key to finding affordable accommodation is comparing your options. Don’t just opt for the first Google result!

Fun fact: More Brits are embracing low-cost camping holidays in a post-pandemic world.

4. Explore Low-Cost Activities

Cheap family travel is all about saving where you can, so don’t stop after booking affordable flights and hotels. Research your destination, look for low-cost or free activities, and add these affordable travel events to your diary.

For example, hiking trails, beaches and parks are nearly always free of charge. Museums, historic sights and local attractions also usually have discounted family tickets. Ideal if you want to avoid paying high fees for entertainment.

5. Search For Loyalty Points & Discounts

Another way to secure cheap family travel is through loyalty programs, discounts or memberships.

Hotel booking portals, airlines, car rental companies and travel agents often offer perks and discounts for past users. Many also offer discounts simply for signing up. This way, you can save on costs and even earn points for future travel — perfect for a debt-free holiday!

Unsure where to start? Look at old travel receipts and bookings. Look at previous provider websites to see if you can claim money off for being an existing customer.

Securing Your Debt-Free Holiday: The Takeaway

Choosing debt-free travel allows you to see the world without any financial consequences. You might have to give up some luxuries, but there is always an affordable alternative around the corner.

Just make sure you thoroughly plan before you leave! You don’t want to be caught without options and forced to spend beyond your means.

Want to learn more about personal finances? Visit the CashAsap blog today.