Daily Holiday Budget โ Calculate Your Spending Money
Once you have booked your flights and hotel, the crucial question becomes: how much can I spend each day? This calculator takes your total holiday budget, subtracts fixed costs (flights, hotel, travel insurance), and divides the remainder by the number of days to show your available daily spending money. A rule of thumb is to set aside a fixed amount per day for food โ e.g. 150โ300 kr โ and multiply by the number of people and days.
Planning Your Daily Spend
Your daily budget needs to cover food, local transport, entrance fees, activities, shopping, and unexpected expenses. In budget-friendly destinations like Southeast Asia or Eastern Europe, 300โ500 kr per day can cover everything comfortably. In expensive cities like London, Paris, or New York, you may need 800โ1,200 kr per day. Always remember a buffer of 10โ15% for unforeseen costs.
Making Your Budget Last
A practical tip is to withdraw a fixed amount of local currency each day rather than using your card for every purchase โ this makes overspending much harder. Eat where locals eat, take advantage of free attractions and walking tours, and book activities in advance for better prices. Many museums offer free entry on certain days. Research price levels at your destination via travel blogs, and travel off-season for significantly lower prices.
Simple Formula for Daily Budget
The formula is simple: (Total holiday budget minus prepaid expenses) divided by the number of days. Fixed costs include flights, hotel/cottage, rental car, and travel insurance. Variable daily costs include food, drinks, experiences, local transport, and shopping. Example: With a total budget of 15,000 kr, flights and hotel at 8,000 kr, and 10 days, your daily budget is 700 kr.