Skip to main content

Travel should not exhaust your savings balance

Invest Mutual Funds Online

Download Mutual Fund Application Forms

India's travel market is the fastest growing one in the Asia-Pacific region and is expected to touch $24 billion mark by 2012-end. Indian travellers have also evolved to become more innovative and experimental in choosing according to their needs, be it couples, family travellers or backpackers (individual / groups). Given Indians' desire to travel and explore, the rising fuel price and additional taxes may play a spoilsport. And this has helped 'budget travel' find a huge following.

This concept has come a long way, from struggle between small budgets and dearth of options, to finding a good experience without draining your savings. Money is not really the constraint with many now, but it's the imagination of what you can do with it and how you can customise your travel. Here's some help on planning a budget trip

Robust research needed:

Specially for international trips, check for options online, reviews and / or ask people who have already travelled to that place. Keep an eye for promotions /discounts being run by travel portals or tourism boards for the destination, as they are a ready source of information on the country along with a great deal and freebies.

Online travel agencies come in handy as they can share some practical tips, authenticated hotel reviews and even visa services. If you are booking 2 months ahead, you can easily bag up to 70 per cent discount on hotel. And save about 40 per cent aggregate, if you book your travel and stay together. Additionally, there are a lot of cities that offer discounts of up to 40 per cent when booking for over 3 activities at a time like sight seeing, hiking, trekking and so on.

It is a good idea to have a mix of air and land transport, depending on the time available. For instance, to reach Europe you could take a flight and then travel by train. Using the public transport or walking is usually the closest way to experience the culture of a place and save on costly taxi fares. Downloading subway, bus and train maps and schedules in advance makes sightseeing easy. Some cities, like London also have 'Hop-On-Hop-Off' (HOHO) buses that take you around most of the spots. To explore a new city, opt for a budget hotel. If in a group, rent vacation homes as they work out to be much cheaper.

Currency woes:

Once you have booked your international trip, monitor exchange rates and get currency at the best rate possible before travel. Also, check for the maximum amount of foreign currency you can carry. In case you exhaust the currency, you must exercise caution as money changing tricks are the easiest way to burn your fingers abroad. Always make sure you have received the notes of the right denomination as they may be carefully folded to deceive you, like a $1 bill made to appear like a $100 one. Also ensure you receive the actual amount you paid, if a deal goes void.

Go local:

The best way to experience the true flavour of a destination is to go local! Use locals to guide you, ask them for their favourite places to eat, good places to shop and if a some place is worth a visit. If you really can't stay away from retail therapy, try to find the flea market and have a $5 budget or alow budget. At times, you can unearth some extraordinary treasures in these places.

While researching, ask experienced people on how to bargain a deal, than just buying at the mentioned price. Find out what is made locally and what the deals are, like pearls in Shanghai, silver in Thailand and carpets in Pakistan. Use costs of these items at home to gauge. If you can get something cheaper back home, no point carrying it from abroad as you will also have to pay duties and portage, further increasing the cost. Check for add-ons like free wi-fi connectivity during your cafe visits.

Last minute trips:

There are chances of getting good deals even if you book closer to the date of travel. It is usually difficult to get attractive last minute deals if you are travelling during peak holidays seasons like summer or Christmas. But there are some portals that offer discounts and deals even in these seasons. Use these tips to get good deals

Booking flight and hotel together translates into higher savings as opposed to buying separately

Business hotels are cheaper on weekends and leisure hotels are cheaper on weekdays

Read up hotel reviews for good services and offerings, preferably from trusted sources

Try and stay close to city centre to save on your travel cost and time

Buy a 'tourist pass' to save on cost of public transportation, attraction tickets and city tours

If travelling with family or group, you can get a discounts (or free tickets) on transport / attraction tickets booked together

Pack bags that you can carry or use backpacks as portage is expensive overseas A good travel experience can be obtained even on shoestring budget, if planned in the right manner and time. Travelling on a budget can limit travel options, but it doesn't have to limit your experience.

-----------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

 

Best Performing Mutual Funds

    1. Largecap Funds:
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    3. Mid and SmallCap Funds
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    4. Small and MicroCap Funds
      1. DSP BlackRock MicroCap Fund
    5. Sector Funds
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    6. Gold Mutual Funds
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

Popular posts from this blog

Surrender ULPPs

  ICICI Pru LifeTime and ICICI Pru Lifestage are Unit Linked Pension Plans. Such insurance linked retirement plans are neither good investments nor do they offer sufficient insurance cover. As you can see, these have turned out to be bad deals. In the Lifetime plan, the fund value is not even equal to the total premiums that you have paid and in the Lifestage plan your return is just about 6% which is quite low. The mortality charges are as per your age which is why they have increased. Moreover, once these plans matures, you will have to compulsorily opt for annuity (regular income) and the annuity rates are generally modest. Assuming these plans mature in the next one year, it will be wise to surrender the plan now and curb your future commitments.   Before you choose to buy a term plan, you have to consider a few points. You need to insure yourself, only during the time you are working and your family is financially dependent on you. At the age of 59, not all insurance companies w...

ICICI Pru Constant Maturity Gilt dividend

Invest ICICI Prudential Constant Maturity Gilt Fund Online ICICI Prudential Mutual Fund   has announced dividend under the following schemes: Scheme Dividend ( R /unit) ICICI Pru Constant Maturity Gilt-DQ 0.26543239 ICICI Pru Constant Maturity Gilt Direct-DQ 0.27171609 ICICI Pru Q Interval Plan I-D 0.10617296 ICICI Pru Q Interval Plan I Direct-D 0.10703967 ICICI Pru Q Interval Plan I Ret-D 0.10617296             The record date has been fixed as June 13, 2016.   ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) ...

NPS Investment Choice for Safe Investors

Invest NPS Online       Whether they invested through SIPs or put in a lump sum amount, risk-averse individ uals have earned the highest returns. These are investors who stayed away from stocks and divided their NPS corpus between G class gilt funds and C class corporate debt funds. On average, gilt funds have given 9.75% annualised returns while corporate debt funds have churned out more than 11% in the past five years. As a result, the average return for ultra-safe investors in the past five years is in double digits. Even in the short term, ultrasafe investors have been the biggest gainers among NPS investors. Will the good times continue? The gilt funds of NPS are holding long-term bonds with an average maturity of over 19 years and a modified duration of about 9 years.These funds have done well because interest rate cuts have pushed down bond yields. But experts say this trend will not stay forever. NPS is a long-term investment and the bonds are predominantly held to matu...

Buy Health Insurance Plan even if you are covered with my Employer

Buy Health Insurance Plan Online Yes, getting a private insurance cover now, which extends beyond your retirement age, is recommended There are a few reasons why buying a health insurance plan may make sense even though you get medical insurance from your employer. Here are the points you need to think about. Firstly, your employer's insurance coverage will only protect you as long as you are employed with the company. The policy will terminate when you quit the job or when you retire. Post retirement is perhaps the phase when one needs it the most but you won't have it then. Moreover, buying a new insurance policy after the age of 50 means that there will be no coverage for pre-existing diseases.   Lastly, health insurance policy you get from your employer may or may not cover your dependants. ------------------------------ ----------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver M...

SBI MAGNUM MIDCAP ONLINE

Invest SBI MAGNUM MIDCAP ONLINE   SBI MAGNUM MIDCAP fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers.   Although the stock selection approach is mostly bottom-up , the fund manager doesn't shy away from taking bold sector bets , as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles--the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers.   Given its superior risk-reward equation, the fund is a worthy pick in its category.     ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing EL...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now