Cheap Holidays – The Monzi A To Z

Cheap holidays – the Monzi guide. While we all need a getaway, unfortunately, our budget can often stand in the way. Luckily, Monzi’s here to explain how to find great deals on your next trip. From comparing websites to different destinations; Monzi is here to get to the bottom of it all.

Please note, certain ideas and products presented in this article may not be offered by Monzi nor the lenders we work with. This article presents only general information. Consider seeking professional financial, taxation, legal or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

Where can I find cheap holidays?

These days, finding cheap holiday deals is easier than ever. While in the past, Aussies would have to physically go to a travel agent’s branch, things are a little different now.

In short, there are more websites offering cheap holiday deals than ever before. The best part? You can browse online for awesome deals without ever leaving your house. Moreover, the sheer number of possible destinations is immense. In short, the world is your oyster and you may not have to break the bank in order to see it.

However, this level of variety may, at times, feel overwhelming. To instil a little more confidence in you, Monzi is here to give you our tips and tricks for finding a great holiday deal.

Which website is best for cheap holidays?

As we mentioned earlier, there is so much variety when it comes to booking a holiday online. While some websites may offer cheap flights, others will offer cheap package deals.

To give you a better idea, here are a few of our favourite websites for cheap package holidays:

Flight Centre

As one of Australia’s largest travel agents, Flight Centre is consistently a great website for finding cheap vacations from Australia.

We love Flight Centre because:

  • You can tailor your package how you want.
  • Book now and pay later financing options are available.
  • Book cruises, honeymoon or group travel packages in locations around the world.
  • Physical branches available in case you need to speak to someone face-to-face.

Head to our page on buy now pay later finance for more information.

Nexus Holidays

Nexus Holidays is quickly becoming one of our favourite websites for packages to Asia. Whenever we’re looking for cheap Bali holidays, Nexus is our go-to.

Whenever we look for cheap overseas holidays, we head to Nexus Holidays because:

  • The travel experts for Asian destinations. From North-East Asia, South-East Asia to the Subcontinent – Nexus Holidays has it all. Tours also offered in Europe and North America.
  • Design and coordinate their tours in-house. The fact there is no middleman may save you money.
  • Unique travel packages for those looking to get off the beaten track.

Cheap holidays – Expedia

Expedia is a huge player in the world of travel agents. As such, consumers can pick from a wide selection of packages and even greater selection of destinations.

At Monzi, we love using Expedia because:

  • Huge number of destinations in almost every country.
  • Last-minute package deals available.
  • Flexible travel options.

How do I find the cheapest holidays?

Looking for cheap overseas getaway can sometimes feel like you’re stabbing in the dark. Admittedly, sometimes finding a great deal is about being in the right place at the right time. However, there are a few things you can do that can maximise your chances of finding cheap family vacations.

  • Be flexible. The golden rule is to be flexible about your destination and flights. Travel agents will offer deals on different destinations throughout the year, so keep an eye on what’s happening.
  • Don’t wait. If you have a specific destination and travel date in mind, playing the waiting game may be risky. Instead, set up price alerts if possible. Therefore, you’ll be notified if the price of your tickets change.
  • Layover. Adding a layover to your journey could possibly save you heaps! Other than the financial benefit, you also have the opportunity to see another city.
  • Browse in incognito. Make sure you clear your cookies each time you search online for flights; you can do this by using the incognito or equivalent setting in your browser. The theory is that travel agents track your browsing habits. They may increase the price on a flight you repeatedly search for, potentially pressuring you into purchasing.

Where is the cheapest holiday destination?

While the prices of flights may fluctuate regularly, certain destinations are far cheaper to holiday in than others. Specifically, the price of food, drinks, accommodation and entertainment are consistently cheap.

Here are a few cheap holiday destinations for Aussies:

  • Indonesia. While Bali is famous among Aussies looking for a cheap getaway, there are over 17,000 different islands in Indonesia. Therefore, you can avoid the bedlam that is Kuta Beach and still find a great deal.
  • South Africa. With one Aussie dollar worth around 10 Rand, there’s no reason you can’t live like a prince on a budget.
  • Czech Republic. While Western Europe may send a shiver down any savvy traveller’s spine, Eastern Europe is a different story. With Prague specifically, you can still enjoy the European charm of cobble-stone roads and medieval architecture without the pricetag.
  • Bolivia. If you’re keen to steer away from the typical Aussie hot spots of Asia, Europe and North America, Bolivia may be a great (and budget-friendly) option. Not only is the bustling capital of La Paz breathtaking, but you can enjoy the cycling routes, canyon tours or the ancient Tiwanaku, just outside of the city.

Which month is the cheapest to go on holiday?

This question deserves a slightly more complex answer, so bear with us.

Airlines break up the year into seasons: peak, off-peak and shoulder. In general, the cheapest time to fly is during the off-peak and shoulder seasons. However, the season is also dependent on the destination.

For example, South-East Asian countries experience monsoon seasons. Therefore, the off-peak season for these destinations is during the wet season.

In general, the cheapest time to fly is mid-October to mid-November, late February to March and throughout May.

On the other hand, the most expensive times of the year to travel are during the school holiday periods (April, June, July, October) and over the Christmas break.

Are last minute holidays cheap?

While you may be able to snap up the odd last-minute deal on the cheap, Skyskanner’s data actually shows that booking 22 weeks in advance is the ideal time to save on international flights. Obviously, however, this is just a guide and times may differ between destinations.

As a very general rule, aim to book as far in advance as you can. However, also be aware that there are certain times throughout the year that are cheaper to book than others.

Travelling tip – Smartraveller

Smartraveller is a Federal Government site that provides Australians with up-to-date safety information on overseas travel. Moreover, you can select any destination in the world and Smartraveller will provide the latest safety information and data.

In addition, Smartraveller provides travel recommendations and warnings for every country. You can find out more on their website.

Are package holidays cheaper?

In short, they can be. However, it will depend on your holiday destination and duration.

For popular holiday destinations (e.g. Bali, Fiji, etc.) it may be possible to get great value package deals including flights and accommodation. Moreover, they may be available for a range of time frames, from just a few days up to a few weeks.

However, if you’re looking to get off the beaten track then it may be more difficult to find package deals. This is simply due to the fact that they’re less popular.

In any case, do your research and compare package deals to prices that you’ve found. From there, you can determine which is the cheaper or preferred option.

Finally, check out our guide to finding great deals on Fiji family holidays.

Is it cheaper to book hotels last minute?

Hotel prices often go down as you get closer to the date of your holiday. As a result, this could be one option to save yourself money. However, it’s a risky strategy.

If you’re travelling to a popular location, particularly during peak times, you may find yourself with limited places to stay. As a result, the money you save by booking last minute may not be worth the additional stress that you encounter.

At the end of the day though, it’s your decision. Research your accommodation options to find ones that are affordable for you. If you’re prepared to wait until the last minute then it can often pay off with great savings. However, understand the chance that you are taking.

How can I save enough to affordable cheap holidays?

Creating an effective budget is the first and most important step. That way, you can know exactly where your cash is going each month. Find ways to cut costs (e.g. stop buying coffees) and you might be able to save a little more each month.

If you’re not sure where to begin, check out the free MoneySmart budget planner tool. It categorises your expenses to provide you with a clear breakdown of your finances. From there, you can develop manageable saving goals.

Finally, remember to be realistic. Saving for a holiday should be a long-term goal. Develop a plan and stick to it for a few months. Slowly but surely your dream holiday might become a reality.

Cheap holidays woman relaxing in chair reading book white beach

How much spending money will I need?

While you will have to pay for flights and accommodation up-front, you’ll also need to have plenty of spending money too. Unfortunately, we cannot say exactly how much you will need. In short, that will depend on the duration and features of your holiday.

As a guide, consider the following to determine how much spending money you will need:

  • Food and drinks
  • Experiences (e.g. tours and adventures)
  • Transport
  • Gifts and momentos

Finally, always ensure that you keep some cash in reserve. If something goes wrong (e.g. flights cancelled or you fall ill), having access to emergency cash might help you get out of a sticky situation.

Cheap family holidays in Australia

Here are few fun activities you and your kids can enjoy next holidays taken from ASIC’s MoneySmart website:

At home:

  • Baking. Find easy banking recipes for children that your kids can cook. Even better, bake something your kids can decorate afterwards.
  • Treasure hunt. Hide things around your house or garden and get your kids to follow the clues. Alternatively, if you’re feeling lazy, get them to plan the hunt with a map and clues.
  • Gardening. Planting your own veggies or herbs is super low-cost and very rewarding. Not only will your kids enjoy themselves but they’ll also learn a thing or two.
  • Toy libraries & op-shops. You can join your local toy library to hire out fun puzzles, toys and games for your kids. In addition, check out your local op-shop for discount toys.

Out the home:

  • Museums & galleries. Many museums and galleries offer free activities during the school break.
  • Your local area. Check what’s going on in your local area by visiting your local council’s website.
  • Outdoors. We’re blessed in Australia to have some of the best beaches, parks and forests in the world. The best part? They’re all free.

Head to our post on holidaying in Australia for more ideas.

Does Monzi offer cheap holidays?

No, Monzi does not offer holiday packages. However, we may still be able to help you get on that next plane. How? Well, our lender-finder service may be able to match you with lender potentially offering holiday loans.

More specifically, our panel of lenders are potentially able to offer personal loans from $300 all the way to a whopping $10,000. Therefore, there’s no travel plan too big or too small.

The loans potentially available from Monzi’s network of lenders are:



LoanAmountTermSecurity
Small loan$300 to $2,000Up to 12 monthsUnsecured
Medium loan$2,001 to $4,60013 to 24 monthsSecured
Large loan$5,000 to $10,00013 to 24 monthsSecured

Bear in mind, the above table displays only examples. Therefore, the actual repayment terms of your loan may vary depending on the lender.

How do I make repayments?

Repaying your personal loan is easy. In short, your lender sets up a direct debit from your account. As a result, your repayments are automatically deducted until your loan settles, at which point the direct debt stops.

If you cannot afford your repayments due to injury or unforeseen circumstances, get in contact with your lender. You may be eligible for financial hardship and a restructured loan.

Finally, please note that your repayments are still due even if you go on holidays. So while you may be on a beach enjoying a deserved break, your repayments aren’t on holiday.

Factor In

Costs

Two credit cards
Two credit cards

You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000

Terms

12 months

Costs

20% upfront establishment fee

+ 4% monthly fee

Example

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Loan amount

$2,001 - $4,600

Terms

13 months

24 months

Costs

48% annual percantage rate

67.41% comparison rate p.a.

Example

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000

Terms

13 months

24 months

Costs

21.24% annual percantage rate

48% comparison rate p.a.

Example

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.