Mistake #10: Failing to Set a Budget
If one of the top mistakes new travelers make is failing to plan early, a close second is not setting a reasonable budget.
Once you have decided on your destination and a rough timeline as to when you plan to travel, it’s time to set a budget. You’ll want to start by writing down all the current expenses associated with your upcoming travel. This includes estimations for hotel charges, rental cars, flights, attractions, travel and food.
That way, not only will you be able to create an overview of what to expect
(and therefore, fewer surprises when it comes time to pay up!), but you’ll be
able to divide that budget by the number of months you have from now until the
time you travel so you can set aside money each money that can go towards your
For example, if you estimate that you will need $2,000 for your trip that takes place in about 6 months, you’d only need to save about $11 a day to be able to afford that trip!
Setting a budget well in advance makes it easier for you to strategize ways to cut costs, save money and get prepared.
For example, you could get a travels reward credit card and plan to use it regularly in the months prior to your trip so that you can then cash those points in towards free flights or hotel stays.
Most hotel chains also offer free reward cards through loyalty programs that offer free perks, early check-in options and more.