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With last week marking the end to school holidays and hot cross buns now on sale at supermarkets everywhere,that ephemeral not-really-working-but-not-really-on-holidays period of mid to late January is officially over. I’m sorry to be the bearer of bad news.
The summer holidays may have just ended,but plenty of us are already contemplating another break.Aresna Villanueva
While — hopefully — many of you enjoyed some time off over the holiday break,you may already be tallying up your annual leave and thinking about your next sojourn either locally or abroad (I know I am). Even though it may seem like everyone and their dog went on European trips last year,the Australian appetite for a holiday is seemingly insatiable.
Indeed,a from travel company Luxury Escapes shows 9 in 10 of us say we’re planning a trip this year – the same number as last year – with 88 per cent opting for international locations. Many of us even have two trips planned,with the average spend per holiday sitting around $8000.
What’s the problem?
There’s still a bit of post-COVID “revenge spending” on travel going on,and generally,Australians – especially younger generations – seem pretty reluctant to trim their trip budgets. But there is a cost of living crisis going on,and affording even a domestic holiday can be a tough ask at the moment.
What you can do about it
So if you do intend to get away this year,here are some ways to help you saveforit and saveonit as well:
Advice given in this article is general in nature and is not intended to influence readers’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.