Holiday Travel on a Budget

Posted On: November 3, 2023
holiday travel

For many, the holiday time often involves travel, whether it's a short trip to visit relatives or a more extended vacation to explore new destinations. However, with travel comes expenses, and managing these costs can be a daunting task.

At Extraco Banks, we understand the significance of financial literacy and the importance of managing your budget effectively, especially during holiday travel. Keep reading to learn some travel tips and tricks you can implement this holiday season. 

Tip #1: Plan and Budget 

  • Establish a budget that includes all potential expenses: transportation, accommodation, meals, activities, and even a little extra for unforeseen costs.
  • Set realistic spending limits for each category and stick to them.

​​​Tip #2: Book in Advance and Look for Deals

  • Booking any accommodation well in advance often leads to lower prices. Keep an eye out for deals and discounts offered by airlines, hotels, and travel agencies. 

Tip #3: Stay Flexible with Dates 

  • Be flexible with your travel dates. Sometimes shifting your travel by a day or two can result in significant cost savings on flights and accommodations. 

Tip #4: Pack Smart and Minimize Costs 

  • Packing efficiently can save you lots of money and a potential headache.
  • Avoid overpacking to prevent excess baggage fees and the hassle of dealing with too much stuff.

Tip #5: Pack Snacks

  • Whether you're flying or venturing out on a road trip, consider bringing snacks and beverages to minimize stopping and spending money on overpriced food. 

Tip #6: Utilize Public Transportation 

  • Public transportation is not only budget-friendly but also a great way to experience a new place like a local.
  • Wherever your trip may take you, research transportation passes and/or cards that offer discounts for visitors.

Tip #7: Use Our Mobile Banking To Monitor Spending 

  • During your travels, staying on top of your finances is crucial. Extraco Banks' mobile banking app allows you to monitor your spending in real time, ensuring that you remain within your budget. Set up alerts for transactions to avoid any unauthorized charges and keep track of your expenses conveniently from anywhere in the world.

Learn More About Mobile Banking  Open An Extraco Account