After the holidays when you return home you might feel a bit guilty for having spent a lot time and money. This happens because a very high percentage of people plan their vacation only one month in advance. This means an increase in the cost of the trip due to higher rates for being late.
In addition, many people use their credit cards to pay for these trips for convenience or lack of liquidity when traveling. 60% of travelers exceed their initial budget and most of them do not take control of their expenses during the trip, as they use your credit card and do not consider the consequences of spending so much until they reach the “post-holiday hangover”. Essentially it means returning home with accumulated spendings and sometimes cannot quickly liquidate debts.
This is why today we are offering three tips to avoid the this problem:
1. Plan your holidays
Put together a budget in advance; This should include transportation, lodging, food, entertainment and everything you spend. It is important to add a margin of 10% to the budget and divide by 12. This way, you can enter this amount each month to a savings account. This helps keep track of everything and when the  date to start paying finally arrives, you’ll have money saved apart from your fixed expenses.
2. Research
Look everywhere on the web for pages with flights, hotels and offer packages so that you can find promotions that will guarantee lowest prices. Try to do this as early as possible so you don’t miss any good deals.
3. Adapt
If you do not have enough money or you have debts that prevent you from spending a lot, looking for inexpensive vacation options is the key. You can go to nearby cities, excursions of one day, staying with family, and many more options that allow you to keep your finances stable. You’ll be able to save enough to afford to have a good holiday next year.
Travel photos: Churl, Cuba Gallery, Moyan Brenn.
