Year-end holidays are a great time to travel and explore new places. However, they can also be expensive, especially if not planned carefully. Here are a few tips on how to budget for your year-end holiday without breaking the bank:
- Research your destination: Find out about the cost of flights, accommodation, food, and activities. Use travel websites, online forums, and travel guides to get this information.
- Use a travel credit card: Travel credit cards often offer exclusive discounts on flights, hotels, and travel-related expenses. By planning ahead and having your card approved in advance, you'll be ready to utilize these savings when booking your holiday.
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Related: 5 Best Travel Credit Cards in Malaysia 2023
- Set a budget and stick to it: It may seem obvious, but you'll be surprised by how many people actually break their budget. A study by the Malaysian Association of Banks found that more than half of Malaysians go over budget on their holidays!
- Weigh-in hidden costs: Don't forget about the hidden costs of travel, such as baggage fees, airport taxes, and visa fees.
- Take advantage of free activities: There are many free activities to enjoy no matter where you travel, such as visiting parks, hiking trails, and historical landmarks. Take note of free events and local festivals happening during your travel period.
- Consider traveling with friends or family: You can save money by sharing accommodations and transportation costs.
- Be flexible: You may have to choose a less expensive destination, stay in a less luxurious hotel, and travel on weekdays instead of weekends.
Related: Take your travels to the next level with HSBC TravelOne Credit Card
- Consider using public transportation: If you're travelling to a city, consider using public transportation instead of taxis. This can save you money on transportation costs.
By following these tips, you can budget for your year-end holiday without breaking the bank. Just remember to be realistic about your budget and be flexible with your plans. With a little bit of planning, you can enjoy your holiday without spending a fortune.
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