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Thrifty savers know how to holiday in style

Thrifty savers know how to holiday in style

The summer holidays are fast approaching and even if you don’t have a dedicated savings pot for this year’s getaway, there’s no need to scrimp on style.

There are plenty of deals offering a combination of flights, airport transfers, accommodation and car hire. These are almost always cheaper and a quick check on price comparison sites will help you make the best choice.

Two friends jumping with their arms in the air

Not even the most affluent among us want to feel they are being ripped off on holiday – or any other time for that matter. These canny people make up a large proportion of Paragon savers and they wouldn’t be in such a fortunate position if they hadn’t been financially cautious.

So they can likely afford a luxurious holiday without over-spending.

Car hire is relatively cheap overseas, so getting around shouldn’t be a problem. This means financially aware holiday makers can base themselves at a boutique hotel that’s inland, away from the main resorts. By doing this they will be able to make considerable savings while seeing the more authentic parts of their destination, tucked away from packed tourist attractions.

Those who manage their finances prudently tend to be the most well-off people in our society. So they will pack wisely, buying larger bottles of shampoo and conditioner, and other essential toiletries, which can be tucked away in their main suitcase and stored in the aircraft’s hold. This way they can avoid paying inflated resort prices for their essentials.

Booking on a self-catering or bed and breakfast basis are also good money saving options. Fill yourself up in the morning, find restaurants where the locals eat for lunch or dinner. These will likely offer fixed price menus – another simple way to save money without compromising on the quality of food and wine, while dining with the locals.

An increasingly popular alternative to hotels is to do home stays via sites such as Airbnb. Not only do you save a lot of money, by staying with locals you get a more authentic experience. You can live in ‘real’ neighbourhoods where locals live, you have a kitchen in which you can cook meals (saving more cash), and you instantly have a new friend in a foreign land giving you first-hand knowledge of their locale.

You could go a step further and sign up for house and pet sitting in exotic locations all over the world. These opportunities can be found via a variety of websites. You can usually stay in the houses for free, but it is vital to carry out thorough research to verify the authenticity of such websites, checking reviews, any terms and conditions, and speaking with the owner ahead of making any bookings.

Looking ahead to next year, it may be prudent to take a look at the range of savings and easy access ISAs and savings accounts that Paragon offers. You will have saved a considerable sum on your holiday, without compromising on style, leaving you with that much more to invest.

Find out more about our range of savings accounts.

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.