Making sure you take the honeymoon of your dreams involves careful research, budgeting and planning – no matter where you’re going or what shape your finances are in.

Do your research

From lounging beachside to exploring a bustling metropolis, different honeymoons suit different couples.

According to Easy Wedding’s latest survey, couples are spending around $7,600 on their post-wedding holidays after getting married in Australia. And this is after shelling out for an engagement and wedding! While you could use this figure as a benchmark for your own honeymoon, you could just as easily spend less.

A good first step is to chat about your priorities. What do you both want out of the honeymoon? This can help narrow down a list of favourite activities and the best places to experience these.

Asking other couples about their honeymoon destinations can also give you a better idea of the costs, as well as spark inspiration.

To be on the safe side, the government’s travel website, Smartraveler.gov.au, is a handy resource for up-to-date travel advice and warnings about places all around the world.

To help you put together your honeymoon planner, we’ve also got plenty of travel tips and financial guides on our website. Looking into financial planning for married couples can also be a good idea.

Create a budget

Setting up a budget should be at the top of your honeymoon planning checklist, as well as keep it on track. Knowing how much you can realistically spend will make it easier to relax and have a good time.

It’s no surprise that the costs of a honeymoon can add up. You’re likely going to have to factor in flights and accommodation, transport and activities, food and drink, and travel insurance in your honeymoon budget. With careful planning, these can all be woven into your budget.

Will your honeymoon be part of your overall wedding budget, or set up separately? If it’s the latter, creating a separate savings account is a smart way to get the fund started and watch it grow.

A savings calculator can really help with this, making it easier to figure out how much you can both contribute, and how often.

Another simple way to boost your honeymoon funds is to make travel vouchers or cash donations part of your wedding gift registry.

Plan ahead

The less you have to worry about while you’re on your honeymoon, the better time you’ll have. Planning ahead makes this possible, and if you’re smart about it, much cheaper too.

Using a travel agent in advance can help you find fares and deals you wouldn’t otherwise have come across. They can advise you on the best places to travel off peak.

Travelling when everyone else isn’t might also improve your chances of getting time off work, so you don’t have to postpone your honeymoon to a later date.

Sites such as Expedia and Kayak are handy for finding cheaper deals on flights, car rentals and packages. As a general rule, the further you book in advance, the cheaper things will be.

If you’re going away for a while, you could boost your budget by renting out your home or car. If you’ve worked out a repayment plan, taking out a personal loan or using a credit card can help you get there quicker.

Important Information

The information contained in this article is correct as of July 2018 and is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.

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