4 Common holiday money mistakes
In today’s busy corporate world, holidays are at a premium. Therefore, all of us strive to plan our vacation well in advance to ensure no hiccups at the last moment.
May 10, 2016 03:05 IST India Infoline News Service

In general, the majority of people spend more than their planned budget because of last minute holiday planning; unplanned expenses could include giving gifts to everyone family and sudden medical or other expenses. Hence, chalk out a budget that encapsulates all your needs and stick to it.
Given below are few mistakes one should avoid while planning vacations:
- Late vacation planning
- Not having a budget; having a budget but not sticking to it
Having a budget becomes irrelevant if one does not follow it. For example, if your budget does not allow buying a gift for everyone in the family, then stick to it. Do not compromise on your budget. Avoid last-minute additions to the budget.
- Counting on traveling allowance or holiday bonus
- Attracted to various deals and ads
Avoid making spending decisions under anxiety and stress to ensure that you don’t blow your budget. Following even a few of these steps will surely make your holiday gloomy. After all, healthy spending decisions result to a happy holiday for you and your family.