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The healthy traveller’s guide to… money-saving holiday hacks

4 minute read
Young travellers saving money by shopping for fruit at local market

It’s so easy for holiday expenses to skyrocket before the plane’s even left the runway.

But a little extra thought in the planning stage can really make a difference in the total cost of your travels.

If you don’t have the business-class budget, check out our top travel hacks to make your holiday work harder for you!

1. Travel insurance

Of course, we need to start with this one. Many travellers purchase travel insurance, but it’s so important to check your policy covers the type of trip and any activities you’re taking, for example, skiing in Whistler might require a different level of cover than a surf trip to Bali. The right travel insurance means that even if you do get sick or injured, you’ll have a policy that offers cover for overseas hospital and medical bills. ^

Our tip? The best time to buy travel insurance is at the same time you make any payments for your trip so you can benefit from cancellation cover if the unexpected happens and you can’t take your holiday.

Young couple overseas travelling in cab to save money

2. Set a budget

“Who cares? I’m on holidays” might feel good in the moment, but that kind of mindset will only make the post-holiday blues worse when you’re eating two-minute noodles until next pay day.

Help your future-self out by setting a realistic budget that includes how much you’d like to spend each day on food and activities. You might also add an additional budget allowance for excursions. This’ll help you qualify ‘must have’ purchases or experiences, versus ‘impulse buys’ that you might think are a good idea after a couple of cold ones.

Our tip? Don’t forget to factor in tipping if your destination is that way inclined.

3. Booking flights

If you know you want to take a trip, book your flights as far ahead as possible especially for busy seasonal periods like Christmas. Or, if you have the flexibility to take a last-minute deal, keep your finger on the pulse and jump on the sales – but remember that the cheapest fare class is generally non-changeable and non-refundable.

Our tip? Compare fares through international booking sites such as Skyscanner and Matrix Airfare Search, and for a quick win, play around with different departure dates. For example, leaving on a Wednesday might mean you fly cheaper than if you left on a Saturday.

Keep your finger on the pulse and jump on the sales – but remember that the cheapest fare class is generally non-changeable and non-refundable

5. Converting currency

Keep an eye on the currency exchange rates in the weeks leading up to your trip – banks usually give competitive rates (and if you are a customer, they might waive the fees).

Our tip? Don’t even think about buying currency at the airport - you’ll probably be stung with bad exchange rates and excessive fees!

The fine print

nib health funds limited ABN 83 000 124 381 AR 264068 (nib) is an authorised representative of Cerberus Special Risks Pty Limited, ABN 81 115 932 173, AFS Licence No 308461(Cerberus). This insurance is underwritten by certain underwriters at Lloyd’s and arranged by Cerberus. This is general advice and you should consider if this product suits your needs. Before you buy, please read the Product Disclosure Statement available from www.nib.com.au.

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