Ah, the honeymoon. Your first holiday as a couple after tying the knot and surviving the wedding! You want it to be extra special, symbolising your first getaway as newlyweds. You’ll want to make the best post-wedding memories that you can share for the Gram!
When it comes to planning your perfect honeymoon, a little research goes a long way to celebrate your wedding bliss.
If you’re already making plans, here are some tips to make your honeymoon budget work harder for you:
Set your priorities
What do you want to do? How much are you prepared to spend? Do you want a relaxing vacation or an adventurous expedition?
Once you’ve decided, start planning your honeymoon budget. Here are some pointers to consider when planning your honeymoon budget.
Location, location, location, location...
Get off the beaten path. Like choosing a lesser-known destination. You may get cheaper flights and options for accommodation. Best part? You avoid the crowds and you get to explore new places!
Cheaper but just as great accommodations
Heading to honeymoon-friendly destinations such as Paris or Bali? To save money on your total cost, you should search for cheaper accommodation alternatives such as AirBnBs or Bed & breakfasts.
Book flights way in advance
The earlier you book your flight tickets, the better the fares. Planning your honeymoon during non-peak seasons or booking flights when seasonal discounts are offered can score you some cheap flights.
Earn rewards/cashback from your credit cards!
While you’re planning ahead for your honeymoon, you’ll have plenty of time to earn rewards and cashback on your credit card.
If you want a good pot of rewards and cashback before your honeymoon, consider funding your wedding on your credit card. That way, you can finance your dream wedding and reap the benefits for your honeymoon.
With CIMB Credit Cards, you get up to 10% cashback across multiple categories. You'll even get access to over 1,000 deals across the region including flights, accommodations and even car rentals.
Grow your money before you go
If you’ve both been saving for this ultimate interlude, a little extra money always helps manage the honeymoon fund better.
If you haven’t or have only just started saving, explore opportunities to better grow your money. Short-term investments such as 3 to 6-month fixed deposits that reap attractive earnings rates are one way to go.
Once you’re financially sorted, you can finally say, “I do” to your romantic escapade.
Just remember, it didn’t happen if it wasn’t on Instagram!
Important Notes & Disclaimer
This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy amongst Singaporeans. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions that will improve everyone’s well-being. This in turn, achieves CIMB’s purpose of advancing customers and society.