Travelling to a foreign country involves lots of planning particularly if you are about to go for a vacation. So it’s better to calculate your expenses in advance, so that you do not end up wasting your money and create a last minute mess. As a traveler, its important for you to know how to create a travel budget.
Lodging & Transportation
Choosing a good place to stay is the 1st thing that should be in your list. There are several portals which provide a good comparison of the hotels and motels in terms of price and amenities. You can read the reviews, check the distance from the places you intend to visit. It’s always advisable to keep some extra bucks in case you need to change your hotel and move to a better one.
A sizeable amount of your budget is spent on travel when you go for site seeing or shopping etc. You may need to take a cab or train for the same. If you are renting a car then you need to be prepared to bear the fuel expense.
You will be visiting some of the most beautiful sites and would love to enjoy to the fullest. So, it’s better to list down the activities which you will be performing eg. Cruise tours, kayaking, surfing, and scuba diving etc. You can easily get reviews about the cost of these activities if you do an internet research.
Tasting the different delicacies would be in your top priority if you are a food lover. However, you need to be careful to choose where to eat. A complimentary breakfast in a hotel could be a very good option. Lunch would be usually in any of the area where you are most likely be sightseeing. So you need to check what the price range of these restaurants are. Returning from sightseeing, you can check some restaurants nearby to your hotel where you can have your dinner.
Many of your loved ones might have certain expectation that you bring something special for them, so here you need to bear some additional cost. It’s wise to choose items for which the place is popular. Some small decorative items, which reflect the culture of that area could be ideal gifts and would not cost much. Look for street markets and read in advance about the bargain process, so that you get a better deal.
It’s always better to be prepared for any emergency, which can be a medical emergency. Carry a medical kit and also it would be great if you take a travel medical insurance. Now check the cost of the insurance policy and what benefit does it provide.
So here you have it! A step-by-step guide, which will help you know how to create a travel budget.