Money-saving holiday hacks

by - 02/09/2024 in Lifestyle

If you can’t treat yourself on holiday, when can you? Wise words indeed. And truth be told, some well-earned indulgence needn’t cost a fortune. With our recent survey highlighting that the average multigenerational holiday costs over £3,000, we called on our Facebook and X community to share their best money-saving holiday tips – and here’s what they said…

Book and buy ahead of time

We all know the benefits of booking your holiday ahead of time, but what about buying your essentials well in advance too? That’s the advice shared by Chelle Mccall, Pauline Duffy and Sarah Mc amongst others. These savvy shoppers buy holiday clothes and travel accessories in the sales instead of paying a premium in the summer months. Louise Kelly also thinks ahead when it comes to seaside accessories such as buckets, spades and lilos – although she once forgot about them by the time her trip came around!

Picnic

Local cuisine is always appealing, but the price can quickly put many people off. Susie Clayton and Amanda Rankin’s solution? A budget-friendly pre-packed picnic that you can enjoy anytime, anywhere. As Lisa Williams says, it certainly saves on queuing for street food and seaside snacks! For extra convenience, Emma Saxon travels with her kids’ school lunch bags, while Rowdy Rach and Karen Tranmer are never without refillable drinks bottles and some squash. Taking things one step further, Jennifer Rhymer and Carol Phile are cool box converts, which is especially handy if like Trudee Hartley, Jen J English you plan on popping to the local supermarket for some economical nibbles and ice creams.

Insurance

Travel insurance can be one of the more costly and less exciting holiday expenses. But if you follow the advice of Caroline Jane Ferguson and Clare King, you could make a serious saving with annual insurance instead of suffering a last-minute splurge every time you take a trip.

Browsing helps the budget

A bit of online comparison can quickly save you a small fortune. Claire Thomson Little advises to look at flights and accommodation separately as it may work out cheaper, while Cheryl Lovell, Nicci Cope and Petra Hora are discount detectives when it comes to researching low-cost or free local events and activities.

Loose change

Better start digging around behind the sofa and rummaging in your coat pockets… Savvy savers Jaye Rosamond, Sheena Batey and Becca Walton know that when it comes to holiday funds, collecting loose change can make a real difference. Sara Brown recommends doing the penny a day challenge over six months for a bit of structure, while Tara Jo and Lucy Robinson stick to collecting £2 coins for a holiday fund that adds up fast. Worried you won’t resist the temptation to grab a few coins when it’s convenient? Debbie Jayne saves her pounds and 50ps in a sealed tin money bank, so they can’t be accessed without a can opener. And it’s served her well – she once saved £600 in a year which she put towards a lovely holiday to Corfu!

Take account

If you prefer to keep your holiday purse somewhere safe, there’s no better option than a savings account – that’s according to Deb Chazen, Szilvia Nagy, Tamsin Martin and Robyn Clarke (and we couldn’t agree more!).

As well as easily keeping track of what you’ve put away, you can make saving even simpler by setting up a monthly direct debit like Tracy Waldock Newton. With the money leaving your account after payday alongside your household bills, you’re less likely to notice it’s been put away.

Whether you’re saving for something long-term or you’ve got your own multigenerational holiday planned, our award-winning range of savings products allow you to choose the combination of access, rate, and certainty that suits you the most. Take a look today to find out more.

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit www.fscs.org.uk.