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How to plan a holiday on a budget

13 November 2023

Sometimes you just need to get away. But when the bank account’s looking a bit bare or you’re trying to scrupulously save, it’s easy to think your holidaying days are over.

Luckily, you don’t need a huge stash of cash to take a break from the daily grind. Here are some simple tips on how to plan a holiday on a budget.

Five simple tips to plan a holiday on a budget

1. Find affordable accommodation

Fancy hotels can take up a big chunk of your budget. If you think outside the box and research different kinds of accommodation, you might be surprised at how much you can save. Depending on your situation, you might like to consider:

  • home share options such as Airbnb and couchsurfing
  • units at a caravan park
  • camping, or
  • hostels.

2. Fly light and cut unnecessary costs

If you’re flying, it’s important to research widely and book your flights sooner rather than later. Websites that compare various airlines can be incredibly useful in finding the right deal.

Remember, your flight is only a small part of your trip – some budget airlines might not have all the bells and whistles, but do you really want to spend hundreds more for a few extra centimetres of leg room? Steer clear of those tempting perks and stick to carry-on luggage if you can.

3. Travel by bus, drive or catch a train

If you’re travelling domestically, go for road and/or rail. Have a look at public transport; you might be surprised. In our age of mass air travel, some people think you can’t have a proper holiday without splashing out hundreds on flights.

There are many great locations around Australia accessible by train or bus, which can be much more affordable than airfares. If you’re on a concession card or you’re travelling with kids, you can potentially save even more. Apart from the money, there’s also the time and hassle that travelling on the road can save you on – skipping airport queues, security checks and bag check ins.

Even if you’re heading overseas, the same principle often holds true. Of course, you’ll probably have to fly out of Australia (budget steamboats aren’t exactly abounding), but if you’re going to hop between a few different destinations, overnight busses and trains can be a lot cheaper than flights.

4. Shop less

When we’re away from home it’s always tempting to go wild at the shops. But bagfuls of souvenirs won’t enrich your experience – they’ll just un-enrich your wallet. If you’re travelling by air, cutting back on what you buy could also help you save money on airline baggage fees.

5. Check in with your savings

If you're saving up for a holiday, it might be time to think more about your savings. Suncorp Bank has different savings accounts and term deposit options that could help you save for your next trip.

Discover the Growth Saver Account

Read more on Learn About:

Deposit products issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 (“Suncorp Bank”). Terms and fees apply. Read the relevant disclosure documents before deciding. Go to our website or contact us for a copy. Information is intended to be of a general nature only and any advice does not take into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.

Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant Product Disclosure Statement or Product Information Document before making any decisions about whether to acquire a product.