Dreaming of escaping to a luxurious retreat but worried about the costs? The good news is, with smart planning, you can fund your 5-star vacation. Here’s how you can make your dream vacation a reality, as per experts:
Setting your budget: The first step in saving for a luxury vacation is setting a realistic budget. Determine how much you need by researching the costs of your chosen destination, including accommodation, food, activities, and travel expenses. For instance, a stay at the serene Oneness by Ganga Kinare in Rishikesh offers a riverside experience with prices starting at around ₹10,000 per night. Factor this into your budget along with other expenses.
Creating a savings plan: Once you know how much you need, create a savings plan. Set aside a specific amount each month dedicated to your vacation fund. Automate this process by setting up a separate savings account and scheduling automatic transfers. Small, consistent contributions add up over time, making it easier to reach your goal without feeling the pinch.
Cutting unnecessary expenses: Analyse your monthly expenses and identify areas where you can cut back. Perhaps it’s the daily coffee shop run or frequent dining out. Redirecting these funds to your vacation savings can make a significant difference. For example, skipping a ₹200 coffee five times a week saves you ₹52,000 in a year – enough for several nights at luxury resorts like those of Brij Hotels.
Maximising credit card rewards: Using the right credit card can significantly boost your travel budget. Many credit cards offer rewards, points, or cashback on travel-related purchases. Use these cards for everyday expenses and pay off the balance monthly to avoid interest charges. Redeeming these points can cover a portion of your trip’s costs.
Exploring package deals: Look for package deals that bundle accommodation, meals, and activities at a discounted rate. Resorts like Aahana Resort frequently offer such packages, providing excellent value for money while ensuring a comprehensive luxury experience. These packages often include perks like guided tours, spa treatments, and exclusive dining experiences.