Plan Your Travel Budget

Plan Your Travel Budget
Source: Anita Hendrieka

How to Plan Your Travelling Budget

It’s great to enjoy your trip to the fullest extent possible, but for that to happen, you need to organize and plan your trip well in advance. The two important criterions, which decide the success of a particular trip, are time and money. While the time factor can be easily availed, it is the money or the financial factor, which eventually decides the manner in which you will enjoy your holidays. Most of the holidaymakers have to budget their holidays, and the best way to go about it is to calculate how and where you are likely to spend while travelling and staying during your vacation. Here is how you can calculate your main expenditure involved with your vacation stay.

Plan Your Travelling Budget

• Food and drink:

Food and drink
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If you journey is long, you will need to replenish yourself during the travel. You will have to buy food and drinks along the way, or have them packed for you in advance before you set out for your journey. This costs money, and you should calculate the amount in your travelling budget.

• Lodging and staying:

 Lodging and staying

The majority of your travelling funds will be spent for lodging and boarding. While exclusive hotels cost a lot of money, there are plenty of options available in terms of holiday rentals, which can help you save a lot upon your staying charges. Rentals are highly affordable and you can negotiate the packages to make them even more affordable – something you can never do in a hotel stay.

• Taxes and tolls:

Many state and express highways require taxes or tolls to be paid every time you enter or leave them. While the toll amount can be less, you have to pay them more often as and when you travel. This can add on to your travel expenses.

• Parking:


With the paucity of land resources, you are often required to pay the parking fees to safeguard your vehicle during the night. Parking expenses are negligible, but if you plan to stay for an extended period, they can work out to be significantly more than you might have thought of.

• Vehicle depreciation:

Every time you drive your vehicle and put on the mileage, your vehicle depreciates and its resale value further decreases. While opting for long distance vacations, you are likely to put on a lot of mileage on your vehicle, and if you travel a lot, your vehicle is likely to depreciate more drastically over the usage.

• Indirect expenses:

You are likely to incur many indirect expenses while travelling. If you plan to drive, you might prefer to service your vehicle before setting out for your trip, which will cost money. In addition, you may stop for refreshment along the way, or a quick snack which will also add on to your travelling expenses. These expenses ought to be calculated in your expenses.