Planning a holiday? Here’s how to make it work for your budget

Start with a realistic budget

Before booking anything, take time to understand what your holiday is likely to cost in total.

Think about:

• Travel and transport
• Accommodation
• Travel insurance
• Airport parking or transfers
• Spending money
• Food and activities
• Any extras like passports or travel documents

Having a clear picture upfront can help you decide what feels manageable and avoid unexpected costs later on.

If you’re not sure where to start, tools like StepChange’s free Budget Planner can help you understand your income, outgoings and what you can realistically afford.

Save little and often

If your trip is a few months away, setting up a dedicated savings pot can make a big difference.

Even small amounts saved regularly can build up over time, helping you spread the cost before you travel rather than paying for everything at once.

You might find it helpful to:

• Set up a standing order each payday
• Give your savings pot a clear goal or name
• Use round-up features through your banking app

As a member, you can also use the Savings Tracker in the Member Portal to set a goal and keep track of your progress. Saving with a purpose can make it easier to stay motivated.

And if your employer offers salary deduction savings through Great Western Credit Union, saving straight from your pay can help you build a holiday fund more consistently. Find out if your employer is a partner here.

Look for value, not just the cheapest deal

There’s no guaranteed way to find the cheapest holiday, but a bit of flexibility can help.

Booking early or travelling outside peak times can sometimes reduce costs. Comparing different websites, like Skyscanner, TravelSupermarket or Holiday Pirates can also help you spot better deals.

It’s worth checking package holidays alongside booking things separately too, as they can sometimes offer better overall value.

Most importantly, don’t feel pressured into booking something that stretches your budget, even if it’s marketed as a limited-time offer.

Look beyond the headline price

The cheapest option upfront isn’t always the most affordable overall.

When comparing holidays, check for additional costs like:

• Baggage fees
• Airport transfers
• Food and drink
• Resort or local charges
• Exchange rates
• Travel insurance

Sometimes paying a little more upfront can work out better if fewer extras are needed.

And don’t forget travel insurance. It’s easy to overlook, but having the right cover in place can protect you from much bigger costs if something unexpected happens. Many experts recommend arranging this as soon as you book.

Be smart about spending abroad

If you’re travelling overseas, a few simple choices can help your money go further.

For example:

• Pay in the local currency where possible
• Compare exchange rates before you travel
• Avoid exchanging money at the airport
• Check whether your card charges fees for overseas spending

Resources like MoneySavingExpert’s travel money guides can also help you compare options before you go.

Borrow with confidence 

Not everyone can save for a holiday upfront, especially when balancing everyday costs.

If borrowing feels like the right option for you, it’s important to choose something affordable and manageable.

At Great Western Credit Union, our personal loans for holidays offer clear repayments and personalised rates based on your circumstances, helping you book your holiday with confidence.

Make memories, not money worries

A holiday should be about switching off, spending time with the people you care about, and enjoying a change of pace.

By planning ahead, budgeting carefully and choosing the right way to pay, you can focus on making the most of your time away, without worrying about the cost when you return.

Because the best holidays aren’t the ones that cost the most,  they’re the ones you can enjoy, and feel good about, long after you’re home.