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When it comes to vacation budgeting, we all want the best of both worlds: a great vacation and a comfortable financial plan. But how do you manage that? One way is by simply adding in travel expenses to your vacation budget before you start booking flights or reserving hotels. When you know what to expect when it comes time for your trip, you can be more confident with planning out your finances and not come home stressed! In this post, we’ll go over 15 travel expenses that should be on everyone’s mind when they are planning their next vacation!
Table of Contents
- 1. Hotel accommodations
- 2. Airfare and airport fees
- 3. Taxis, car rental, gas, parking fees, or tolls
- 4. Food and drinks
- 5. Souvenirs
- 6. Activities, tours, and excursions
- 7. Travel insurance
- 8. Laundry service
- 9.Phone data abroad or international plan upgrade
- 10.Luggage fees
- 11. Emergency Expenses
- 12.Visas/Passports/Vaccinations (if necessary)
- 13.Extra Cash
- 14.Extra clothing, Toiletries, and Medicines
1. Hotel accommodations
In general, the hotel accommodations you choose will be one of your biggest travel expenses. A basic room for a night is usually at least $100 per night and often more expensive in popular destinations like New York City or London. If you want to stay somewhere nicer or longer than just overnight, expect that cost to rise! When it comes time to research, you may want to consider the amenities that are important to you.
Also, consider the extra hotel fees you may have to pay as well. Some of the fees we usually forget about are room service, internet access, early check-in fees, late check-out fees, resort fees, parking fees, housekeeping gratuity, and telephone charges.
2. Airfare and airport fees
Airfare and airport fees can be pricey, too. Depending on the time of year, the airfare may be extremely higher than what it would normally be. For example, during the holiday season airfare prices go up and airlines may have special deals for people traveling around that time.
Some airlines also charge a change fee if you want to make adjustments after booking tickets, so keep that in mind when planning. Another thing you may have to account for is departure taxes. Usually, these fees are included in the airfare but there are some countries that require you to pay those fees at the airport.
3. Taxis, car rental, gas, parking fees, or tolls
Taxi fares and car rental rates can vary greatly from country to country. In some countries, the taxi fare may be very expensive or there might not even be taxis available at certain times of the day. Car rentals may also have hidden fees that you should account for like fuel charges, airport surcharges, and other charges.
Car rentals can be very expensive depending on where you’re traveling. It’s best to do some research and find out how much the prices for car rentals are in your destination country before booking a rental so that you don’t end up paying more than expected. Also, consider any parking fees or tolls you may have to pay before renting a car.
It might also be worth considering public transportation like buses or trains if they’re available because these are generally less expensive than taxis or car rentals.
4. Food and drinks
Food and drinks are an important part of any vacation. But what many people don’t realize is that food can also be a major expense on vacation so while planning, remember to budget in this category as well so there will be money left over for other expenses!
Planning food and drinks ahead of time is a good way to save money on vacation. If you know what types of foods or beverages you’ll want, then it’s easy enough to pack some in your suitcase before leaving home if you want so that you don’t have any unexpected expenses while traveling.
Another way to save on the cost of vacation drinks is by getting them at a local grocery store rather than ordering them from restaurants and bars where they’ll be more expensive. Plus you can take advantage of any free refills as well.
Souvenirs can be a major expense on vacation if you buy several. It’s helpful to set limits for how much you want to spend in this category when planning your budget so that there will still be money left over for other things like entertainment, transportation, and lodging.
It can be difficult to resist purchasing collectibles like figurines or jewelry while on vacation especially when these items are usually super overpriced but sometimes we still want a small keepsake to remember a trip.
6. Activities, tours, and excursions
Activity, tours, and excursions can be a major expense on vacation as well. It’s helpful to plan ahead so that you know what the cost will be before your trip rather than trying to figure it out while you’re there.
It may seem like these are all obvious expenses but sometimes they don’t include things like admission costs for museums, which can add up.
These are all small costs that you might not think of initially but they will really start to add up over the course of a vacation if you’re not careful.
7. Travel insurance
Travel insurance is an important thing to consider before you travel, especially if you have any pre-existing medical conditions.
It’s possible that your insurer may not cover certain countries or activities so it’s a good idea to double-check with them beforehand. It will also help ensure peace of mind and reduce worries about the unexpected happening while traveling.
If your travel insurance plan doesn’t cover what you’re looking for then research the types of plans that are available and make sure it includes everything like lost baggage and medical emergencies.
8. Laundry service
If you’re staying in a hotel, it may come with an on-site laundromat. If not, then there are many affordable options for having your laundry done while traveling – such as finding a local laundromat or hiring a mobile laundry service.
9.Phone data abroad or international plan upgrade
If you’re traveling to another country, it’s a good idea to invest in an international plan upgrade. This will typically include unlimited texting and data while abroad which can really help if you need to use your phone frequently.
If you’re traveling by air, this is a key expense to budget for. Check with your carrier as they may have promotions where additional luggage or cabin baggage can be included in the price of your ticket.
11. Emergency Expenses
Emergencies are always a possibility no matter how careful you are. Before your trip, make sure to have an emergency fund set up with enough cash so that if something were to happen and money was needed quickly then it would be available for use without the need of going into debt.
12.Visas/Passports/Vaccinations (if necessary)
It’s important to get an up-to-date passport and visas before you go anywhere. Some countries may require visas for entry and proof f vaccinations for each traveler. Make sure you do your research on entry requirements before booking as it may cost you more money if you need to get expedited services done.
In the event that you are unable to use your debit card to withdraw cash, it’s a good idea to take some emergency cash with you. If you forget to alert your bank that you’re going on vacation, they might restrict your card when unusual expenses appear on your account. Sometimes these issues are not resolved right away so it’s important to have some cash for these types of situations.
14.Extra clothing, Toiletries, and Medicines
Be prepared for the worst. In the event that your luggage gets lost, or you find yourself in a peculiar situation, extra clothes, toiletries, medications, and any other essentials should be packed in your carry-on luggage just to be safe so you don’t have extra expenses.
Read more: 10 Reasons Why You Need a Budget