Couples who save together
It takes two to save. Align your travel saving goals and get to your destination faster!
‘A little goes a long’ way is a cornerstone philosophy to spending. Could it be a golden travel rule, too? Here’s a few practical saving tips that could see your relationship travel the distance.
This will vary for every couple, but before you get your holiday planning on, put everything out on the table. Think income, assets and debts. Who knows? You might find some extra spending money you didn’t realise you had.
Where you’re dreaming of travelling to might not be the same as your significant other. To make sure everyone’s happy, why not broaden the scope? Look at where you both want to travel in 5 years, 10 years. Can you be smart with your planning, so that one trip might be all about the adventure and the next is all about the R&R? Have a conversation about it and set goals accordingly.
Look at your budget in two ways: a Daily Spend and a Whole Trip Budget.
Daily Budget: Break down the costs. Think about the types of holiday activities you’ll do day-to-day.
Whole Trip Budget: Be guided by the lower income-earners’ budget. It’ll avoid any unnecessary financial pressures and help guide decisions.
Avoid ‘money’ talk
If there’s one way to bring down the holiday mood, it’s ‘money’ talk. It’s easy to do, but if you plan effectively, you can avoid unnecessary costs like ATM fees and bad exchange rates. Using the award winning HSBC Everyday Global Account, you can avoid overseas ATM fees1, lock in a great exchange rate and keep those holiday vibes intact. Apply before you fly!
Decide how to split the costs on the trip
You’ve mastered the fine art of negotiating bill splits at home. So why make it any different for trip expenses? Couples with similar earnings might be happy to go Dutch, but for a lot of couples there might be a larger discrepancy between earnings. If this is the case, consider what is fair for both parties. After all, you both deserve that long-earned break.
Ok, so this tip is key to any relationship. But never has it ever been truer than on a couple’s trip. Maybe you’re stuck on the Greek Islands for a night (some people have all the luck!). Everywhere is booked up and you’ll either need to spend big or stay in a hostel. Keep an open attitude and listen to each other’s needs when you’re dealing with unplanned costs along the way.
And our final tip? Enjoy it!
1No ATM or transaction fees are charged by HSBC or Visa. Some ATM operators and merchants may charge a separate fee.
This article provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the relevant Product Disclosure Statement (PDS) and Terms and Conditions before acquiring the product. A copy of the PDS and Terms and Conditions is available on hsbc.com.au, or by calling us on 1300 308 008.