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Steps to take before going on overseas holiday

If you haven’t done the booking in advance, it can lead to unexpected over-spending. A travel budget helps to strike a financial balance.

April 20, 2023 / 14:45 IST
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If you are making an international travel plan on your own, a bit of advance financial planning and attention is required to save on the costs
If you are making an international travel plan on your own, a bit of advance financial planning and attention is required to save on the costs

The summer break is around the corner. In the last one year post-COVID, there is an immense demand for international holidays. If you haven’t done the booking in advance, it can lead to unexpected over-spending. A travel budget helps to strike a financial balance when you spend on shopping, sight-seeing and adventure activities on your overseas holiday. If you are making an international travel plan on your own, a bit of advance financial planning and attention is required to save on the costs. For instance, in cities, you can opt to stay in a budget hotel as most of the time you will be out exploring the city. But, if you are staying near a beach, you can opt to splurge on a resort.

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Hiral Thanawala is a personal finance journalist with 9 years of reporting experience. Based in Mumbai, he covers financial planning, banking and fintech segments from personal finance team for Moneycontrol.
first published: Apr 20, 2023 02:45 pm

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