Travel 101 – Planning a budget

 

 

Let’s face it: budgets are a boring, yet necessary part of the travel planning process. It’s the first step in the travel planning process, and it often makes you feel like you’re getting closer to making the trip a reality. You do not want to be in a foreign country and realize that you have no money left for food for the last three days of your trip.

 

There’s so much to consider when planning a trip budget, and it can feel overwhelming at first. No worries, though, because your number one travel guide is here to help! Here are some budgeting tips to help you with your next travelotus trip!

When creating a travel budget, we advise you separate expenses into three categories:

1. Preparation Expenses
2. Actual Vacation Expenses
3. Emergency Funds

Your budget also depends on your travel style, It all boils down to what your priorities are. Whether you are a novice or an expert traveler, keep in mind that you can travel the world without breaking the bank.

 

1. Preparation Expenses – Preparation Expenses include all the money you must spend before you leave for your trip. Here are some examples of what will be included in your preparation expenses:

 

Passport and Visa

 

These costs will vary greatly, depending on where you live and where you are traveling, but there’s no way around them so be sure to do your research and make room for your passport and necessary visas in your budget.

 

Vaccinations

 

Vaccinations are usually relatively cheap, but they can save a whole lot of trouble later so go ahead, look up which ones are recommended for the areas you’ll be traveling, and add them to your to-do list and budget.

 

Luggage/Travel Gear

 

This is a very broad category, and it will depend entirely on what you already have and what you personally deem necessary.

 

Transportation

 

Here you will include the cost of planes, trains, and automobiles to get you where you want to go. Include major travel routes, not inner-city transportation here.

 

2. Actual Vacation Expenses
The next category, Actual Vacation Expenses, will look like this:

 

Accommodations

Where will you be sleeping? When planning, look up actual rates for your exact dates and destinations, as this can vary hugely depending on the time of year and other factors.

 

Food and Drink

There is a lot of great information on how much you should budget for this, depending on your destination, on the internet.

 

Tours/Activities

The best way to plan for this is to make a list of all the activities and tours that you would like to do while you’re vacationing and how much they cost

 

Small Transportation

Consider whether you’ll be walking or whether you’ll require a taxi or other means of transportation within your destination city and how much that will cost.

 

Souvenirs

This will depend on how many souvenirs you plan to purchase and what types.

 

3. Emergency Funds
Finally, we have Emergency Funds. This is the money that you will have available but separate in case of emergency: stolen or lost credit cards, unforeseen but unavoidable expenses, etc.

The reality is, unexpected expenses come up more often than not, and you should always have a backup plan!

 

4. Why not try Travelotus?
Travelotus Luxury tours limited is a travel solution, experience and destination management company providing convenience and affordability for travelers.

These relationships go far beyond getting them on a plane or building an itinerary from scratch. We provide personalized travel experiences with your interest at heart always.