Winter is a popular season for travel as people prefer to take advantage of year-end holidays and remaining leave days. The cooler weather makes it an ideal time to explore different destinations comfortably.
Snowy landscapes and festive atmospheres are the main attractions during this time of the year. Many families and friends plan vacations during this period, making it a peak travel season.
While vacationing with friends and family is an important factor to restore balance in life, so is budgeting for your trips. Some people like to plan ahead, saving their monthly salaries or setting aside that festive bonus.
Vacations can also be planned on short notice or arise unexpectedly. In such situations, arranging funds quickly can be challenging. This problem can be solved if you weigh your options before committing and consider costs and savings.
Some of us may consider taking a loan to meet short-term financial needs. Though financial experts advise using debt only as a last resort. If borrowing becomes unavoidable, here’s what you can do to minimise its impact.
