Summary
Most households budget only for obvious travel costs, such as flights and hotels, but overlook less predictable expenses that can quickly add up when plans change. Last-minute flight changes, higher rebooking fees, unexpected accommodation changes, and additional transportation costs can strain budgets when time is tight, as flexibility disappears. Health issues abroad also create unplanned costs, often requiring upfront payments for treatment, medication, and additional nights away. Prepaying for non-refundable bookings further limits financial flexibility if plans change. Recognising travel as a period of heightened financial exposure helps households prepare more robust budgets, reducing surprises and protecting their overall trip experience.
Finance Monthly
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