What type of holiday should I go on?
This is where the fun begins. Choosing where you want to travel to depends on the type of holiday you want. Do you like an action-packed adventure, a romantic tropical getaway, or is a Caribbean cruise more your style?
The final destination will often depend on your budget and the amount of time you have to travel, so start with these points and go from there. Take into account things like currency conversion too and research which destinations offer the best value and conversion rate.
The main factors that will affect the overall cost of your holiday will be:
- What level of luxury you want
- What the exchange rate is
- How long you’re staying away
- How far you’re travelling
Money-saving tip Show content
What expenses do I need to be aware of?
When you’re budgeting for your holiday, remember to include the smaller expenses as well as big-ticket items like flights and accommodation. Things to remember are taxis or airport car parking, eating out, ‘exploring money’ for any day trips you take while you’re there, and tip money if you’re travelling to somewhere like the USA. It’s worth factoring in about ten per cent on top of your budget as a contingency plan too.
It’s a good idea to make a checklist so you can keep track of what you have and haven’t paid before you go.
Costs before you travel Show more
- Travel insurance
- Visa and passport
- Travel agent bookings
- Prepaid car hire bookings
- Foreign currency exchange
Costs while you’re away Show more
- Foreign currency fluctuations
- Entry fees to sights
- Activity fees
- Shopping and souvenirs
- Phone calls
- Emergency money
- Taxis and transport
- Some accommodation
Other costs to be aware of Show more
- Will you still paying rent for home while you’re away?
- Do you need to pay for a pet sitter or pet boarding?
- Will your hotels require a security bond held on your credit card and if so, for how long? This will prevent you from accessing the money on your card.
- Income you won’t be earning if you aren’t covered by annual leave.
What else should I consider? Show content
Keep an eye out for inclusions and exclusions when you book. Some budget airlines sound like a good deal, but end up costing you more by the time you’ve paid for luggage, meals and taxes.
Can I use my credit card overseas? Show content
Australian credit cards are accepted in many places overseas, but just keep in mind you may be charged a currency conversion fee. Travel cards may be another option to consider, particularly if you’re travelling to a few destinations. You can simply top up your card using your own funds, and most can be used for multiple currencies.
Can I get a travel loan?
Whether you’re dreaming of a family holiday or an overseas adventure of a lifetime, there’s no need to put it off. A CUA Personal Loan for a holiday can help you seize the moment, with no monthly fees and flexible repayment options. Use the calculators to see how much you can borrow and what your repayments might be.