How to afford the

holiday you need

Are you hanging out for a holiday?

If it's been more than 12 months since your last break, chances are that a holiday is just what the doctor ordered. It's little wonder that saving for a holiday is frequently rated as a top financial goal.

Holidays are an important opportunity to de-stress from the pressure of work-a-day routine, to recharge your batteries and to reconnect. Not to mention, a chance to literally broaden your horizons to include new places, people and cultures. Luckily for Australians, we have lots of budget options, including discount airlines that fly within Australia and overseas. Sun, sleep, exercise, relaxation and laughter are all known to boost mood and offer positive health benefits.

Tammy Barton, personal finance expert and founder of Australian budgeting company MyBudget, says, “Everyone needs and deserves a holiday. The challenge is to plan an affordable holiday that recharges your batteries without draining your bank account or leaving you with a debt hangover.”

Please call us on 08 8214 4265


We can call you

Find out how MyBudget could get you to your financial destination today!

Please indicate time* (30 minute time slots):
Please indicate days*:

* Required field

A Finder study confirms Ms Barton’s observation, finding that 41 per cent of survey participants used their credit card while on holiday and that 44 per cent of them failed to pay their holiday bills within a month of returning home. Approximately 10 per cent took longer than a year to pay off their holiday debt.

Is saving for an affordable holiday realistic for most Australians? MyBudget’s Tammy Barton says, “Absolutely. We find that once people start budgeting, they can see exactly where their money is going and many discover that they only need to make minor changes to their spending habits to be able to afford an overseas holiday every year. Having a holiday as a financial goal also helps to keep you motivated to keep your budget on track.”

Here are Tammy’s top tips for getting your toes in the sand sooner:

Holiday off-peak

Why pay peak-season rates? Travelling during the off-peak or shoulder seasons is a great way to save money and miss the crowds. Why not hike the ski fields in summer or visit Hawaii in October when tourists from mainland America are at their lowest?

Compare and aggregate

Compare airlines and travel dates using an online aggregator service. As well as helping you find the cheapest date and airline, Google Flights can predict whether your flight will be cancelled or delayed.

Visit a travel agent (or two)
It might seem old school going to a bricks-and-mortar store, but travel agents have the latest information on discounts and packages. Don’t be afraid to shop around.

Book early
Based on averages, airfares are at their lowest around six months before departure. Prices peak about eight weeks before the departure date. Planning in advance also gives you time to budget and save.

You don’t need to catch a plane to be on holiday. Why not be a tourist in your own city and plan a weekend of local sightseeing? Small holiday goals are as important as big ones and the memories you make are just as special.

Set yourself a holiday savings goal and budget

How much can you afford to save for a holiday? You might be surprised to discover that your holiday money is already hiding in your budget in the form of discretionary expenses. Or, you could even use funds from tax returns and gifts towards your holiday savings. It’s also a good idea to have a dedicated savings account so that the money never touches your pocket!

If you would like help with budgeting or finding ways to afford a much-needed holiday, Ms Barton welcomes members of the public to contact MyBudget to request a free consultation with a personal budgeting expert or to call on 02 8241 6078. The budget they create for you is yours to keep for free.

We analyse your situation and design a plan that achieves your goals.

Until you’ve examined your finances in detail, it’s difficult to determine your exact financial position. At MyBudget, the budget plans we prepare are true long-range money management plans. The plan projects your finances over a 12-month period. So you have a clearer picture of what your future looks like, not just how your budget is week-to-week.

What will you do with your savings? Reduce your mortgage? Invest in shares? Take a holiday? Or simply enjoy the feeling of satisfaction that comes with having savings to fall back on.

Personal budgeting is the only way to truly gain control of your money and your financial future.

The benefits of personal budgeting:

  • Personal budgeting is the only way to gain a thorough understanding of your financial situation.
  • Personal budgeting ensures that you always live within your means, and provides a safety net for inevitable changes in life or when things go wrong.
  • Personal budgeting is the key to accumulating savings and achieving your financial goals.
  • Personal budgeting is one of the most effective methods for paying down debts and avoiding ongoing debt in the future.

Thousands of people come to MyBudget every year seeking our support and advice about managing their money. We can provide structure, support and guidance to help you get on track.

Get expert help from people who care.

MyBudget’s strives to find a solution for every individual. Unlike an App or spreadsheet program, our experts create a plan that’s specially designed to address your needs and priorities.

We also understand that the hardest part about budgeting is sticking to it. That’s why we do the legwork for you. We can manage your budget, pay your bills, save for you, and communicate with your creditors, if necessary.

Succeeding is easier when you have a team of experts supporting you along the way!