While travelling can be fun, planning a trip can frazzle your nerves if you are not prepared. Priya Nair and Preeti Kulkarni offer tips to ensure a hassle-free vacation this summer.
Holidays can mean different things to different people. For some it’s a chance to unwind in a comfy hotel room, while for others it’s an opportunity to explore new places and learn about the local way of life. No matter what you expect from your ideal holiday, there are deals and packages to suit your preferences. Here’s how to plan ahead.
According to data from Economic Survey of India 2016-17, Indians are warming to travel like never before. In 2016, over 20 million Indians travelled overseas, points out Karan Anand, Head, Relationships, Cox & Kings. “From anecdotal data we can safely assume that the growth in outbound travel every year would be approximately 15-18 per cent,” says Anand. “According to data from the Ministry of Tourism, the total domestic journeys crossed the billion mark in 2016 itself.”
So how does one go about it? Should you choose a group tour or opt for a tailormade holiday? Or would you prefer to plan everything on your own? With summer around the corner, it’s the right time to plan your holiday. For the travel issue, Outlook Money talked to three avid travellers with diverse travel profiles to glean advice from their trip diaries. From the advantages of solo travel to the upside of group tours to nifty ways to handle money, they have it all covered.
The Big Two
When you are planning a holiday, the two biggest expenses are travel and accommodation. Once you decide your destination and your budget, it is advisable to get these two expenses out of the way. It is advisable to plan a few months in advance to get good deals on airfares and hotels.
هذه القصة مأخوذة من طبعة April 2018 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 2018 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
The Future Of Credit Card Usage
Credit card usage is increasing in India, but it's prudent to manage credit wisely
Liquidity Coverage Ratio Framework
At the recent monetary policy committee meeting in April 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das proposed changes in the liquidity coverage ratio (LCR) framework to successfully meet liquidity risk.
STRATEGIES TO HELP YOU STAY ABROAD AFTER STUDIES
More Indians are now going abroad for higher studies with plans to stay and work. But living costs, the lack of job opportunities and the burden of education loans could often pose a problem. Assess the opportunities and be practical before making such a decision
FROM SAVINGS TO SECURITY: HOW INDIANS ARE PREPARING FOR THEIR SUNSET YEARS
The Outlook Money - Toluna Retirement Survey conducted in December-end 2023 threw light on how Indians plan and save for retirement. A growing number of Indians now understand the necessity of retirement planning, and want to enjoy their retirement years with kith and kin
Here's How To Install A Solar Panel
It is the season of solar panel subsidy announcements. Right after the Centre launched the PM Surya Ghar Muft Bijli Yojana to offer subsidies to 10 million households to set up rooftop solar systems, the Delhi government has announced an extra capital subsidy of ₹2,000 per kilowatt (kW) to Delhi residents for rooftop solar panel installation. Both governments have caps on subsidies. Some other states, too, offer incentives on the use of solar rooftop panels.
Master Your Own Money Choices
Instead of judging others, have clarity about what you want from your money, where you want to spend it and how you want to feel about it
3 THINGS TO CHECK BEFORE YOU EXIT YOUR POLICY
If you think that the insurance policy you bought doesn't quite align with your goals, you may surrender it. But that comes at a cost. Here's why you should do the calculations
Small And Mid Cap Rally: Be Wary
You may include small- and mid-caps in your portfolio for diversification, but understand that they may not replicate last year's returns and are relatively more volatile
HOW TO MAKE SENSE OF THE GOLD RUSH?
The precious metal has been on an upward rally for the last couple of years due to factors as diverse as geopolitical conflicts, bulk buying by central banks, and hope of rate cuts, of late. The key, therefore, is to invest in gold in a staggered manner
'People Are Normal. They Are Sometimes Ignorant But They Are Not Stupid'
Meir Statman, the Glenn Klimek Professor of Finance, Leavey School of Business, Santa Clara University, California, is the second generation of behavioural finance experts who refused to label people as \"irrational\" and instead called them \"normal\". In his latest book, A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, he expands the circle of finance to include life well-being and shows how they are inextricably intertwined. As part of an interview series, 'Wealth Wizards: Money Maestros in conversation with Nidhi Sinha, Editor, Outlook Money', Statman spoke about his research, and explained concepts through anecdotes that can help you take balanced decisions. Edited excerpts:
