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Saving tips for travelling

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saving tips for travelling

Dreaming of a European getaway?

Whether it’s strolling along the Champs-Elysees, riding the Italian streets on your Vespa, or celebrating at Munich’s Oktoberfest, a European holiday sounds like a dream. We’ve put together 10 tips to help you save money to turn your dream holiday into a reality.

  1. Start saving early. If possible, give yourself plenty of time to save. The distance from Australia to Europe means you want to spend as much time as you can there while also making the most of your trip.
  2. Examine your spending. Look at where you’re spending your money and work out what you’re willing to remove or reduce. Go through your memberships and subscriptions to see what you might be able to cancel, or perhaps wait and buy things on sale rather than paying full price. Cutting down on coffees or takeaways can also go a long way.
  3. Have a regular savings plan. Putting money aside each week can significantly add up. Work out what you can afford to save and consider having it automatically deducted from your everyday account into a savings account. Talk to us about the best savings account to help your money grow.
  4. Budget before you go. Use the internet to figure out an approximate cost for your main expenses like flights, accommodation, food and entertainment. Then, work out a budget of how much you can afford for each.
  5. Map out your itinerary. Knowing where you plan to go and what you want to do can help save money on your trip. Buying bus, plane and train tickets ahead of time can mean big savings with advance rates. It’s also a good idea to pre-book attractions as it can often work out cheaper than buying them on the day of.
  6. Watch the exchange rate. Check exchange rates before you change your money as some places can end up costing you more than others. Consider taking a small amount of cash overseas with you in the local currency or withdraw cash from an ATM. Consider using a Cash Passport card to load up with your choice of currency that let’s you lock in your exchange rate so you know you much you have to spend. You can use the card wherever Mastercard is accepted.
  7. Use price comparison websites to search for the best deals on items like flights, accommodation and hire cars.
  8. Search for deals. Some cities will offer tourist passes to save on attractions. Look for special offers both online and once you arrive.
  9. Look for free activities. Take advantage of low-cost or free options in each place you visit. Free walking tours run by locals can be a great way to see the area for a small cost. Or, check out the local scenery rather than a paid tourist attraction.
  10. Track while you’re there. Keep track of your spending while you’re travelling to make sure you stay on budget. You may decide to forgo that second gelato so you can keep saving towards the big things, like tours or special accommodation.

Saving before and during your trip doesn’t mean missing out on having a great time as it may even allow you to have a wider range of experiences for less! Wherever you decide to travel next, remember to save, plan, budget, and most importantly, enjoy.

For help on how to save for your European holiday, call us on 1300 747 747, or visit the Qudos Bank website for more information on any of our products.

  Important Information

Mastercard Prepaid Management Services Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Multi-currency Cash Passport™ and Cash Passport™ Platinum (“Cash Passport”) in conjunction with the issuer, Heritage Bank Limited (ABN 32 087 652 024, AFSL 240 984). You should consider the Product Disclosure Statement for the relevant Cash Passport available at www.cashpassport.com.au before deciding to acquire the product. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Qudos Bank receives a commission for arranging Cash Passports which is the greater of $15 or 1% of the amount loaded and 1% for reloads. See our FSG on our website for more information.