Summer usually
heralds the beginning of a lot off
fun things for Indian families.
Kids complete their academic year and look forward to go on a vacation with the
entire family parents make elaborate
holiday plans to switch off from
work and spend time with their children. Some people prefer adventure
holiday while others would rather laze
around the sunny beaches. You may even
ask every member of the family to vote on what type of the holiday they
want and then zero in on a place that is according to everybody liking . If you are in the mood
to spend some me time, minus the spouse
the and kids, you should book a sitter
ask either your spouse, parents or friends to take care of the children while
you are a away. This leaves you free to
plan a holiday according to your mood– be it a girl’s holiday out, or a quiet
spa retreat.
PLAN IT WELL: You
should keep several factors in mind
while planning your holiday. After you
decide the destination, calculate the
holiday budget. A budget in general
helps you control your spending habits and ensures that the monthly expenses
are lower than the monthly income. A similar budget can be prepared for a holiday as well, which includes all
categories. Start by reviewing your income, expenses and loan obligations and set aside money for emergency and set aside money for emergency expenses . It is advisable to prepare this budget before you plan for
your holidays, so that you plan for your holiday, so that you know how much you
need a to save for the vacation . Put
away money into a savings account in a advance on a monthly basis. also
ensure that you don’t withdraw from investments that are meant for other life goals.
SET MONEY
FOR BUDGET: Depending on the time
remaining for the holiday, you can act accordingly . If the money into a dedicated savings account and so do not touch it until the
holiday. If you have planned several months in advance then up put the money
into debt funds or fixed deposits , so that you not only have your holidays case, but also earn some
interest on it while planning the trip. Some online sites give you the option
to book with a token advance and pay the rest to the hotel directly.
INSURE YOUR TRAVEL: Keep in mind that you need to take travel
insurance before you travel this can be
done easily online on the portals of most insurance companies. There are
various types of coverage to insure onself
against the risk faced as a treveller.
You can purchase this from insurance companies , travel agents, tour
operators rental companies or even
travel assistance companies. The coverage , cost and terms vary widely depending upon the policy purchased. Factor
to keep in mind while purchasing travel
insurance.
A. TRIP CANCELLATION INSURANCE: This
protects you from the risk of cancellation of trip due to unforseen events are such as the financial failure of the airline or travel agency, bad weather , illness or
death. B. TEMPORARY
HEALTH POLICIES: This provides short-term supplemental health insurance coverage . This type of
coverage may be helpful while travelling abroad ,. since some health insurance providers don’t
have coverage for overseas travel
and an\y kind of the treatment in most
places, can cost you a fortune. C. BAGGAGE INSURANCE: This reimburses you if your personal belonging are
lost stolen or damaged in travel.
D. ACCIDENTAL DEATH AND
DISMEMBERMENT INSURANCE: This
compensates and if you end up being disable or it compensates your beneficiary if you die in an accident.