In the current economic climate, our workload increases at a much higher rate than our wage packets! As a consequence, we need are more in need of a holiday than ever, but that holiday needs to be affordable, or one where payments can be staggered.
- Not all tour operators insist on taking all the money up front on holiday deals. If you can plan ahead, Thomas Cook accepts deposits on all of their travel deals. For short haul holidays the full standard deposit is £199.50 per person. On long haul travel deals this goes up to £249.50 per person, giving a bit of extra time to save up to pay the balance 14 weeks prior to departure.
- It pays to economise – put a little money by each month and cut back on the luxuries when saving for a holiday. Use a dormant bank account or set up a new one where your holiday savings can be put aside and not dipped into. Sacrifice going out for dinner a few times – it could be money spent on a meal out on your family holiday.
- There is plenty of online help you save on major household expenses. Websites like uswitch.com can find a cheaper energy supplier and moneysavingexpert.com and moneysupermarket.com can offer help with finding cheaper insurance and other financial advice to make sure you are not paying over the odds for everyday living costs.
- Other websites like Groupon are regularly updated with special offers, as are newspapers and magazines. Some have downloadable apps that work of your phone’s GPS signal to find offers near to you.
- Major High Street stores and supermarkets all offer loyalty cards that offer bigger discounts the more you shop there, so for essential purchases it makes sense to earn the rewards involved.
- Thomas Cook also has its own credit card, which makes savings of £1 for every £100 spent. With the price of fuel and food, this can easily add up. These savings can be redeemed when booking a Thomas Cook holiday. It’s important to clear the balance regularly or potential savings will be small compared to the interest payments you might end up being charged.
- You could also look at our New Year’s App which calculates how much money you could save by giving up your favourite vices.