How to holiday: “The economy, stupid!”
The ninth of ten posts, published each work day, on the rules I set myself to create a successful holiday. The rules work for me: I hope they’re of some use to readers to. But they won’t suit everybody. You’re v. welcome to let me know how it’s different for you – and what your own rules might be.
My ninth ‘rule’ is I guess the least contentious. It is simply ‘Budget for expenditure!‘
Recently on holiday I spent about 20 Euros on a meal. Is that good news or bad?
The answer depends entirely on how much I budgeted. If I budgeted 15 Euros per meal, it’s bad news; if I budgeted 25, it’s good. But if I haven’t budgeted at all, I have no way of knowing.
On our annual holiday in Scarborough (on England’s east coast), we spend what I consider a good deal of money. But for several years now the total expenditure has come in at less than expected, which is a good way of making a good holiday feel even better.
The most difficult items to budget are those that come heading ‘latte factor’ – the small treats and incidentals that unfortunately add up. I find that when money seems to be flowing away like water, it’s usually the latte factor that is to blame. Estimating the average cost of a latte or soft drink, ice cream, etc.) realistically and then deciding how many times a day to say ‘Yes’ is, I think, key to the art of holiday budgeting.