Travelling overseas or across the UK can be the perfect way to celebrate after a year of studying. So to help, here are some tips for planning the ultimate student holiday.
How to plan your student holiday
1. Start saving for your holiday
2. Plan a budget
You don’t want to blow all your money in the first few days of being away, or spend everything you have and leave yourself short for when you come back. Take some time to sit down and create a realistic budget that will last the length of your holiday. Don’t forget to take into account any expenses you’ll have when you get home.
Explore more: How to create a budget
3. Arrange your travel early
Seats in economy class have different price tags, so booking early (around 90 days before, depending on where you’re going1) can help you get the best price. It also helps if you can be flexible with your dates. You can often get to a lot of destinations cheaper if you’re prepared to go on Tuesday or Wednesday rather than a weekend.2
Shop around for your accommodation as well. Don’t just look for hotels directly on the beach, or in the heart of the city. With a bit of research, you may find a great deal just a short walk or bus ride away.
It’s also a good idea to check out the cost of a package holiday. You may be able to get your travel, accommodation and activities included in one cheap deal.
4. Find the best way to spend your money abroad
While having local currency gives you flexibility and can help with budgeting, it’s important to look at whether this is the best way to spend your travel money.
Debit and credit cards are accepted in a wide range of shops all around the world. You also have the same level of security as you do back home if your card gets lost, or stolen. Keep in mind, withdrawing money on a credit card may be treated as a cash advance and may carry extra charges.
If you’re going to be away for a longer period of time, you might want to look into an international account. For example, HSBC’s Currency Account has no monthly fees, and enables you to make payments in and out of your account in 14 major currencies.
Explore more: Should you use a card or travel money outside the UK?
5. Buy travel insurance
It may seem an added expense, but travel insurance can cover you if something doesn’t go to plan. This could include things like:
- your luggage getting lost
- flights being cancelled
- a visit to a local hospital
The type of travel insurance policy you need will depend on where you’re going and how long for. You may also need to answer questions on what you plan on doing while you’re away. If you’re looking at doing some extreme sport, or activities like surfing or snowboarding, you may need a specific travel insurance policy.
Explore more: Different types of insurance for students
Work out how much you need for your trip and get to grips with how to save for it. You could also get a quote for your travel insurance so you can factor it in to your holiday costs.
This article provides general information and does not take into account the financial situation of the reader. For this reason it must not be relied on as financial advice. All accounts are subject to terms and conditions.