Chuck us a tent and a sleeping bag, thanks
We all count down the days till our next big hols, but there’s no denying that they take a huge chunk out of our bank account. Those massive ones in Ibiza or frosty getaways in Iceland don’t come cheap and according to a new British travel survey by momondo.co.uk, there’s a trend in how to save money for a cheeky getaway.
How to save money for holidays
The comparative travel site asked over 1000 Brits aged 16-65 years old about their travel saving habits as part of their global survey, which included questions about how they budget and raise their vacation fund. Nearly half of people surveyed said that they deliberately set money aside for a holiday splurge, while 18% revealed they would pay for trips in instalments.
15% had tight knit friendship groups and families and would regularly contribute to a general pot, while 13% had a side hustle selling things to make up the difference. 7% would go as far as taking on another job and 6% would get a bank loan, while 4% would ask their friends and family to pitch in. A super savvy 3% would rent out their home while they were away.
If you’re looking to book a flight any time soon, you don’t have to sell a kidney to get to Hawaii. We’ve got a few holiday booking hacks as well as a massive Black Friday holiday deals page, which we’ll be updating with the best bargains coming your way.
What to save on when planning a holiday
The study also looked at what Brits would save and splurge on when booking holidays, with the majority (29%) opting for cheaper accommodation above all else. Others chose to scour the net for the cheapest flights (27%), whereas a similar number of people would forego the fancy cocktail bars and restaurants for budget-friendly meals (25%).
A big night out wasn’t in the cards for 24% who said they would rather choose cheaper evenings and resourceful travellers chose to go sightseeing at free or more affordable sights (19%) around their holiday destination.
Organised travellers would save a few quid on their car hire by booking way in advance (16%), while others scrapped the idea of driving in another country by taking public transport wherever they went (15%).
To round off the whole survey, people were also asked if they cared about how expensive a holiday was. 1 in 5 people said they didn’t pay the price tag any thought to which we say – who are you, what are you doing and how do we live your lifestyle?