Going on holiday can be a costly business which is why – for many of us – travelling abroad is a luxury that happens maybe once or twice a year. While many people have the tendency to splurge while on vacation this needn't be the case, meaning you can enjoy more holidays for the same cost. The following is a hints and tips guide to saving money whilst you are away on holiday without sacrificing any enjoyment along the way.

In a recent survey, most holiday makers cited accommodation as their most costly expenditure that ate into the rest of their vacation budget. Instead of booking with a travel agent, why not try booking direct or even booking on the night which can see hotel rooms substantially discounted. Opting out of hotels all together is also a good money saver if you choose hostels and B&Bs instead. Choosing to stay in a hostel instead of a hotel needn't spell the end of a luxurious break abroad however as many modern hostels offer all mod-cons, wifi as well as beautiful private suites and bathrooms.

If holidaymakers opt to take the non-catering route, there's often no other option but to eat out in restaurants and bars every night of your vacation. This too can quickly prove costly and leave you with little to spend on excursions or souvenirs. Saving money on food is easily done by visiting eateries that are further off the beaten track and less of a tourist trap. Instead of visiting cafes for lunch, you can always opt for a supermarket bought alternative instead that can be enjoyed outside in a local park and subsequently allows you to see more of the place you are visiting at the same time.

The gripe of seasoned and first time travellers alike, losing money whilst converting currency can quickly prove costly if you fall victim to a poor exchange rate. Instead of exchanging money on holiday why not shop around beforehand to get the best deal from a bureau de change closer to home? With generous advances being made to ATM software, it's also never been easier to simply withdraw money whilst you're away on holiday which outweighs any fee in the peace of mind carry a card instead of cash often allows.

Finally, getting from A to B during your holiday is obviously a necessary part of experiencing the culture and sights inherent to the place you a visiting. After stepping of their plane, many people fall into the trap of hiring a car; presumably because it appears the best means of transport. Hiring a car is in fact an unnecessary indulgence is adequate public transport is readily available. Ignoring public transport because you are unsure of the routes of prices isn't an excuse for hiring a car since taking the local bus, tram or train can add a great deal more to your holiday experience than a car ever could.

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Harvey is an expert in travel, vaccation advice and ATM software.