Financially Planning a Holiday
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What are the essential steps for financially planning a holiday?
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Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from How To Money and Owen Rascovitch from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information. Kate, welcome to this special episode of the Australian Finance Podcast.
Thanks, Owen.
Today we're talking about financially planning for a getaway, going on holiday. Yeah. And it just so happens that you have a getaway of your own planned, right?
Yeah, hopefully next year, fingers crossed, I'll be going on a bit of a journey across Europe.
Cool. When are you leaving?
Hopefully in sort of March next year.
How can you budget effectively for a trip to Europe?
And which countries are you going to?
Uh, starting in England and working my way around from there. I haven't, I'm trying to keep it a little bit spontaneous.
England, just writing this down.
Owen wants to come too.
Yeah. I'm going to meet you there. So you're starting in England and then you're just going to make it up as you go.
Yeah, I've kind of got a general idea of places I want to see and particular things and friends I want to see and things I want to do, but I'm trying to keep it fairly broad so I can change it up as I go.
Cool. So just straight off the bat here, how much did you budget for a trip to Europe? Did you break it down per day or per week or something like that?
Um, the first thing I probably started off was trying to work out the flight. So that can be around, I think to Europe, it's often 1500 return. Um, I managed to sort of get my flights on points actually. Um, but so then I worked that out. I think insurance was another, it's going to be another $500. My passport had expired cause I hadn't actually left the country for a while. So I had to do that. That was another few hundred dollars. Um, And then I'm sort of budgeting around $100 a day.
Does that include accommodation?
Yes. So it's going to be hostels for me.
Okay, hostels, cool. Now I just thought we'd get straight to the meat of the conversation. Yeah. But let's go back in time a bit. So I think one of the ways that we're going to tackle this is kind of following, I guess, your journey to planning this holiday and some of the tools and tips you have for listeners and myself, if I'm going to get over to Europe anytime soon.
What tools can help you estimate travel costs?
You and I were talking off air.
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Chapters
8 chapters
1
What are the essential steps for financially planning a holiday?
0:00–2:29
2
How can you budget effectively for a trip to Europe?
2:29–4:11
3
What tools can help you estimate travel costs?
4:11–7:20
4
How do you choose the right travel insurance?
7:20–9:46
5
What should you consider when managing finances back home while traveling?
9:46–13:05
6
How can you minimize fees when withdrawing money overseas?
13:05–14:57
7
What are the best practices for currency exchange while traveling?
14:57–16:11
8
How can you prepare for unexpected expenses during your trip?
16:11–41:36
Speakers
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