4 Easy Ways to Fund Your Dream Holiday - Kotak Bank

4 Easy Ways to Fund Your Dream Holiday - Kotak Bank

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11 MARCH, 2020

What’s life without a holiday escape every once in a while? Well, dream holidays make for an important part of living life to the fullest. From experiencing different locations and cultures to unwinding amidst bliss, you deserve it all. However, dream holidays are expensive. This is especially true if you are looking to go on a luxurious trip to a foreign destination. But you need not fret! There are numerous ways in which you can land yourself a dream holiday soon enough.

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Here are some ways that you can employ to fund your dreamy and memorable holiday plan:

Put aside a travel fund – Keep a strong vision of your dream holiday and start a travel fund. Put an estimate to the amount that you will require to fund your trip. Start by putting away small amounts whenever you feel like. As the days pass by, increase the amount. If you have enough time before you plan your holiday, be surprised to find a great deal of saved funds that can cover a big chunk of your total expenses.

Get a travel loan – Well, you may be a little wary about this route. However, it is a very good and convenient way to fund your dream holiday. Several banks offer a travel loan that is a type of online personal loan to fund your holiday. This offering gives you a great opportunity to experience luxury destinations and live through elaborate cruise and safaris, without worrying about the available funds. No matter what your holiday expenses would be, travel loans ensure that you can afford it.

Start an automated savings account – Like investing for a long term life goal such as education or marriage, you can also start investing for your dream holiday. Automated savings are a great bet especially if you think that you can be driven to spend your savings on things, other than travel. The investment fund will ensure that a certain amount of money is automatically deposited into a savings account every month.

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Seek travel rewards – Thanks to the immense market competition, a growing number of brands offer travel rewards. Credit companies collaborate with airlines, hotels and restaurants to bring you great savings. Get a credit card that will give you reward points while you are enjoying your dream trip. It can be an invaluable resource to fund your next dream holiday.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.