{"id":3069,"date":"2016-12-14T23:38:05","date_gmt":"2016-12-14T23:38:05","guid":{"rendered":"https:\/\/raizinvest.com.au\/investors\/top-ways-to-save-for-your-holiday\/"},"modified":"2024-04-04T19:21:29","modified_gmt":"2024-04-04T19:21:29","slug":"top-ways-to-save-for-your-holiday","status":"publish","type":"post","link":"https:\/\/raizinvest.com.au\/investors\/blog\/top-ways-to-save-for-your-holiday\/","title":{"rendered":"Top ways to save for your holiday"},"content":{"rendered":"

By RateCity<\/a><\/i><\/p>\n

We
\nall know that travel can be expensive. By the time you add up your flights,
\naccommodation and insurance costs it almost feels like there\u2019s no money left to
\ngo out and enjoy the city to which you have travelled.<\/span><\/p>\n

Finding
\nnew ways to come up with the cash for your holiday, and to keep costs down
\nwhile you\u2019re on vacation, is a must for every travel addict.<\/p>\n

Here
\nare some of the best ways to pay for your holiday necessities and still have
\nenough money left over for those once in a lifetime travel experiences.<\/p>\n

 <\/p>\n

Saving
\nup before you go<\/h3>\n

Saving
\nenough to go away on a trip is often the first and most difficult hurdle for
\ncash-strapped travellers.<\/p>\n

Incentive
\nbased savings accounts are a great way of stashing some cash for your next
\nholiday as they tend to both require a minimum monthly deposit and discourage
\nyou from making any withdrawals. \u00a0By sticking to the account\u2019s basic terms
\nand conditions, you effectively sign yourself up to a relatively simple savings
\nplan. \u00a0By doing so you are rewarded with bonus interest which can go a
\nlong way to making your trip even more memorable.<\/p>\n

The\u00a0RAMS<\/a>\u00a0Saver account is a great example of an
\nincentive based saving account. \u00a0It has some conditions in order for
\ncustomers to earn bonus interest (on top of the variable base interest rate the
\naccount offers). Firstly, customers must deposit at least $200 each month.
\nThis could be as easy as getting a portion of your salary paid into the
\naccount each month.<\/p>\n

Secondly,
\nin order to be eligible for the bonus interest rate, customers must not make
\nany withdrawals each month. This effectively makes customers think twice about
\nwhether they really need to spend money now or instead build up the spending
\nmoney for their trip. Bonus interest is only payable on balances up to $500K.<\/p>\n

Apart
\nfrom the traditional savings account, new apps can help you stay disciplined
\nand save extra cash before your big trip. An example of this is the Raiz app
\nthat can be a useful tool for savers who find it hard to stick to a financial
\nplan.<\/p>\n

The
\napp helps in identifying areas of your spending where you can cut back, and
\nsetting reasonable short and long term targets for yourself. Raiz allows you to
\nautomate how much you save by allowing you to save & invest any amount on a
\ndaily, weekly, or monthly basis.<\/p>\n

Another
\nkey feature of Raiz that helps relieve the stress of saving is Round-Ups.
\nRound-Ups takes any transaction you make on your credit or debit card, rounds
\nit up to the nearest dollar and invests the change into your portfolio. By
\nlinking saving to spending, it is a great way of showing that you can save
\nwithout affecting your lifestyle.<\/p>\n

 <\/p>\n

Saving
\non insurance<\/h3>\n

Travel
\ninsurance is a must for any holiday. While it will involve an initial cost, the
\ncost of not having insurance if something goes wrong could be infinitely
\nhigher.<\/p>\n

Online
\ntravel insurance specialists, InsureandGo, suggest buying directly from a
\nspecialist to help cut out middle man fees on travel insurance. Buying your
\ninsurance direct from an online supplier can work out cheaper, but make sure
\nyou shop around for cover that is appropriate for you \u2013 not just cheap.<\/p>\n

It\u2019s
\nalso recommended to read the terms and conditions and take note of any
\ninclusions and exclusions on your policy so you know exactly for what you are
\ncovered. This should help you avoid running into any surprise costs down the
\ntrack.<\/p>\n

While
\nmost policies will cover you for standard items \u2013 like medical\/hospital and
\nemergency, trip cancellation, liability, baggage. Before you purchase your
\ninsurance think about what other unique areas you will need cover for.<\/p>\n

Will
\nyou be doing any risky sports or activities that required extra cover? Perhaps
\nyou taking an expensive camera or renting a car? These are just some of the
\nthings that you should take into consideration when choosing your cover so you
\nare not left out of pocket if something goes wrong.<\/p>\n

Another
\ntip is to look out for discounts and promotions. Just like your favourite
\nclothing store, travel insurers also offer coupon and discounts. If you\u2019re a
\nregular traveller, it may be worth signing up to their newsletters or checking
\nout their social media pages is a great way to find out about these limited
\ntime offers.<\/p>\n

 <\/p>\n

Saving
\non accommodation<\/h3>\n

For
\nthose looking to pay less for accommodation and more for experiences, house and
\npet sitting is the ideal option. By providing free pet care when you travel,
\nyou can enjoy the opportunity to spend time with a pet and live like a local in
\nthe places you visit.<\/p>\n

You
\ncould reduce the cost of your trip by over a third and help pet owners find
\npeace of mind while they are away from home. Instead of checking into a hotel
\nyou can stay for free in homes across Australia and all over the world.<\/p>\n

This
\nstyle of accommodation is an experience in itself and gives you the chance to
\nmake connections with local people, discover off-the-beaten-path destinations,
\nand take advantage of the companionship having a pet can provide. By organising
\nhouse and pet sitting stays through a community like TrustedHousesitters, for
\nless than the cost of one night in a 3-star hotel, you could save thousands of
\ndollars on your holiday accommodation.<\/p>\n

TrustedHousesitters
\nis an online community of pet lovers who engage in a mutually beneficial
\nexchange to ensure all members can find the freedom to travel. Providing a
\nsimple solution to a universal problem, they help home and pet owners connect
\nwith caring, verified sitters who offer free pet care in exchange for a free
\nretreat, because they want to spend time with pets when they travel.<\/p>\n

 <\/p>\n

Saving
\non the road<\/h3>\n

Apps
\nare not only for saving before your trip, they can also make life a lot easier
\nwhen you\u2019re out on the road. One way that apps can make your travel experience
\nbetter (and cheaper) is by helping you avoid those \u201ctourist trap\u201d restaurants
\nthat give you inauthentic food for double the price of a true local feed.<\/p>\n

Using
\nthe Townske app, you are able to easily uncover the places that locals go to
\nagain and again. These are the places that are doing amazing things, providing
\namazing experiences and are often at or below prices of more touristy places.
\nWith Townske, you could improve you travel experience and have the opportunity
\nto enjoy the true richness of cities.<\/p>\n

Another
\nhot tip that could see you saving thousands over your travels is getting access
\nto an International Student Identity Card (ISIC). Full time students, teachers
\nand anyone under the age of 31, qualify for one of 3 lifestyle and discount
\ncards.<\/p>\n

First
\nestablished in 1953, all bona fide students over the age of 12, regardless of
\ntheir nationality, race, gender or religion can purchase an ISIC card at an
\naffordable price. Via one single card, ISIC students gain preferential and
\ndiscounted access to products, services and experiences relevant to all aspects
\nof student life, from software licenses, cinema access to bookstores, public
\ntransport, caf\u00e9s and eateries and much more.<\/p>\n

Whether
\nyou\u2019re staying put in Australia or heading off on an overseas adventure, these
\ninternationally recognised discount and lifestyle cards are the real deal when
\nit comes to savings.<\/p>\n

ISIC
\ngives you a choice of up to 42,000 lifestyle and travel benefits in over 133
\ncountries, including more than 5,000 in Australia and New Zealand. For example,
\nyou could get 20 per cent off your meals at over 2,500 restaurants, cafes and
\ntakeaway outlets across Australia and New Zealand.<\/p>\n

There
\nare also exclusive discounts on flights and other travel products through STA
\nTravel and negotiated discounts on train, bus, tram & ferry tickets around
\nthe world. There is an ISIC app that can be downloaded to help you check for
\ndiscounts while you\u2019re on the go.<\/p>\n

 <\/p>\n

\n

 <\/p>\n

Don\u2019t have the Raiz App?<\/h3>\n

Download it for free in the App store or the Webapp below:<\/p>\n

\n
\"download-raiz-app\"<\/a>
Click to download the Raiz app<\/a><\/figcaption><\/figure>\n

 <\/figure>\n

Important Information<\/strong><\/span><\/em><\/p>\n

The information on this website is general advice only. This means it does not take into account any person\u2019s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.<\/em><\/p>\n

A Product Disclosure Statement for Raiz Invest and\/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.<\/em><\/p>\n

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.<\/em><\/p>\n

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.<\/em><\/p>\n

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By RateCity We all know that travel can be expensive. By the time you add up your flights, accommodation and insurance costs it almost feels like there\u2019s no money left to go out and enjoy the city to which you have travelled. Finding new ways to come up with the cash for your holiday, and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yst_prominent_words":[]}