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How to budget for your caravan holiday

Published on December 4th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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So you have finally purchased a caravan and are now ready to travel across the country.

One of the reasons you purchased a caravan is probably because it allows you to enjoy short to extended vacations at considerably low costs, and that’s always a bonus when you think of the high costs of accommodation. However, before going on your big holiday, you should forecast the costs a caravan holiday implies. While the costs may vary, here are a couple of key aspects you should take into consideration.

Location and duration

First and foremost, you should decide where your big caravan holiday is going to take place. Based on the budget you may afford to spend, you should settle whether you can travel from the Barossa to the Great Southern region or head towards South East Queensland. It may make sense to right around the country all at once or do certain regions one by one. 

Fuel costs

Given the fact that your car is towing more than usual, it will imminently require more fuel than normal. To this, add additional factors such as the age of the vehicle. Normally, you should be aware of an average fuel consumption of your tow vehicle, which will help you to anticipate the fuel costs. Another thing you should bear in mind is that fuel costs will be higher in more remote locations. Make sure to factor this in if you are travelling on a budget. 

Accommodation and trips – the planned and the unexpected

It is best if you plan the trips you wish to take throughout the duration of your caravan holiday. This way, you will be able to forecast the camping fees in caravanning sites around Australia. Additionally, don’t overlook the costs attached to tours, entrance fees and so on and so forth. While it is advisable you get a bigger picture in your head concerning these costs, you should allow some flexibility in your plans. This means that you might stumble across an interesting location, and you shouldn’t miss taking advantage of it only because it isn’t on the list.

Meal costs

In order to anticipate the costs of food during your big vacation, you should plan your meal costs in advance. After establishing a rough weekly menu, you should include the luxury of dining out once in a while; you will highly appreciate it after a day spent on the road. And, most importantly, don’t forget to pack the indispensable coffee!

Entertainment

A caravan holiday is all about having fun. So, during all those hours of driving around the country, it’s utterly important that you have entertainment means with you so that the entire family can enjoy an amazing caravan holiday.

Clothing

Given the fact that you will experience a great deal of time outdoors, you should make sure you have appropriate clothing with you. You must be prepared for each region and its typical weather.

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