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Embarking on a holiday is usually a joyous affair that we all look forward to. Whether it is a short getaway or a visit to a country further away, many of us enjoy taking a much needed break from the daily routine of life.
However, the constraint to taking this dream vacation is usually finances. The cost of living in Singapore, as we all know, is already high. You’ll have to constantly set aside money for bills, existing loans and save up for a rainy day such as unforeseen medical emergencies. With all these costs in mind, it would not be wise to utilize your personal savings just to fund the cost of your vacation.
This is where a vacation loan comes in handy. With a vacation loan, you’ll be able to go on a holiday and cover the expenses for your entire trip without worrying about eating into your emergency funds.
This way, you’ll not only get to travel and tick destinations off your bucket list, but can also be assured that you’ll have enough saved up for a rainy day.
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Unsure Of Where To Go? Here Are Some Popular Travel Destinations
With so many places to travel to, it’s hard for you to narrow down on a perfect destination as you’ll be spoilt for choice. We’re listed down 6 places for you, along with how much you can expect to budget for the trip. Do note that the cost stated is just an average and may vary between individuals, depending on your travelling style and season of travel.
1. Maui, Hawaii
Average cost of a 10D9N trip: S$3,850
As the second largest island in Hawaii, you’ll be spoilt for choice as for what you can do in Maui. That said, instead of wanting to visit every single site and attraction, it’s best to pick a few spots to explore. Below are some of the more famous attractions in Maui:
Honolua Bay: This is one of the island’s most attractive attraction. Known for being an exceptional snorkeling. surfing and diving spot, this is the perfect place if you’re quite the adventurer. If you choose to go scuba diving, you might be lucky to spot some eagle rays, lobsters and Hawaiian spinner dolphins.
Pools of ‘Ohe’o: If you prefer the lush greeneries of the forest compared to the crashing waves on the shore, you’ll be glad to know that the Pools of ‘Ohe’o is the most popular attraction in East Maui. Also known as the seven sacred pools, it is part of the Haleakala National Park so be sure to be prepared for some hiking. Once here, you’ll get to witness the formidable beauty of nature.
‘Iao Valley: Those travelling by car rejoice! Fun fact: ‘Iao Valley is the only West Maui valley that is accessible via car. It’s a great place for an amazing hike on paved walkways which leads to a picturesque view of the “Iao needle”. It’s also interesting to note that this was where warriors used to position themselves to alert against invasion.
2. Norway, Oslo
Average cost of a 10D9N trip: S$3,700
If you’re one who loves to bask in the beauty of nature, then Norway would be the perfect destination for you. Home to one of the most beautiful fjords and mountains, here are some of the attractions you must be sure to visit:
Nærøyfjord: As a UNESCO world heritage site, the Nærøyfjord is a 17km long breathtaking ford where you will be blown away by views of snow capped mountains, majestic waterfalls and idyllic farms along the mountainsides. If you’re feeling adventurous, you can also opt to join guided kayaking tours or hike along the fjords or surrounding mountains. This will then give you an unobstructed view of the Nærøyfjord.
Akershus Fortress: This is a fantastic place to start if you wish to explore Oslo’s history. It was built in the late 13th century by King Håkon V to prevent attacks from the Norwegian nobleman, Earl Alv Erlingsson of Sarpsborg. Its strategic location at the very end of the heartland saw it withstanding several sieges over the years. Today, the fortress is a popular venue for concerts, ceremonies and public holiday celebrations.
The Norwegian Museum of Cultural History: Known as one of the world’s oldest and largest open air museums, this museum boasts more than 150 traditional houses from various from various parts of Norway and a Gol stave church from the 13th century. You’ll be delighted to know that in the summer (June – September), the museum offers freshly-baked Norwegian flatbread, horse and carriage rides, feeding of the animals and guided tours among other things.
3. Netherlands, Amsterdam
Average cost of a 10D9N trip: S$3,695
As the capital of Netherlands, Amsterdam is famous for being a cultural centre known for its grandeur historical buildings, stunning canals lined with narrow houses and world-class museums. If you’re unsure of what to see or do, feel free to check out the list below:
Rijksmuseum: A hallmark of Amsterdam, the Rijksmuseum is one of Amsterdam’s grandest and most favoured museums. which showcases Dutch art and history spanning the middle ages to the present day. Visitors will be treated to the museum’s expansive collection of artwork ranging from Delftware, sculptures, archaeological artefacts among many other things. You can also relax and take a soothing stroll along the Rijksmuseum garden with sculptures and temporary exhibitions.
Leidseplein: What used to be a parking place for farmer’s horse and carts is now one of Amsterdam’s most popular nightlife areas. This bustling nightlife hub is filled with eateries offering various types of cuisine ranging from Argentinian, Greek, Italian to Indonesian. If you don’t wish to head back just yet, you can also opt to party at their dance clubs or have a drink at a nearby bar.
Royal Palace Amsterdam: It’s interesting to note that the Royal Palace is one of the three remaining palaces still used by the Royal Family as of today. Significant events in the palace include the introduction of Queen Beatrix in the balcony in 1980, and the consummatory location where Prince William Alexander and Princess Máxima kissed in front of the public to seal their marriage in 2002. There are also guided tours available for you to better understand the exhibits.
4. Italy, Venice
Average cost of a 7D6N trip: S$3,000
Italy is known to be one of the top holiday destinations in the world. This is a location that is further away from Singapore. Therefore, it would not be ideal for a short getaway. The following are some of the sites to visit in Italy:
Rialto Bridge: This is an awesome, beautifully built bridge across the Grand Canal. The best time to enjoy the scenery here is during sunrise or sunset. Visitors can also enjoy watching the ferries travel across the canal.
St. Mark’s Basilica: This is a wonderful landmark in Italy and a must see for all visitors. This tourist site usually has long lines of visitors waiting to see the wonderful craftsmanship of the basilica. It is advisable to visit early in the morning to avoid the long lines.
The Campanile di San Marco: This is a great tower that crowns over the skies of Venice. Tourists get to the top using elevators. There is a breathtaking view of the city from the top of this glorious tower.
5. Egypt, Cairo
Average cost of a 9D8N trip: S$2,100
Talk about exotic holiday destinations and Egypt will most probably be on the list. This is yet another excellent holiday destination. Think ancient civilisations, the Pyramids of Gyza and cruising on the river nile. Some of the popular tourist sites in Egypt are described below:
The Pyramids of Giza: These have been among the Seven Wonders of the World. The architectural expertise of these pyramids has amazed many. Indeed, the size and majesty of these pyramids is a site to behold. They have attracted large numbers of tourists over the years.
Pyramid of Djoser: What most people may not know is that the Pyramid of Djoser is actually the world’s largest and oldest intact large-scale monument but it often comes in second to the more famous pyramids in Egypt. Built as a tomb for the Pharaoh of Djoser, his burial chambers are located deep inside the pyramid, along with those of his 11 daughters.
Egyptian Mueseum: Famous for housing the world’s largest collection of ancient Egyptian artifacts (visitors will be treated to more than 120,000 artifacts) , this museum opens windows to the ancient history of Egypt. Visitors can also get to see the ancient mummies in the royal mummy room.
6. India, Agra
Average cost of a 7D6N trip: S$1,100
As a vast country filled with history that boasts many appealing attractions, think mountains, temples, and deserts, India is classified as one of the most popular holiday destinations in the world. There are several sites in India which are excellent tourist attractions. Some of these include:
Taj Mahal: This is a beautiful temple in India that is famous for its splendour and glamour. It has excellent craftsmanship and is made of sparkling white marble decorated with floral patterns. This temple was named after the wife of an emperor therefore, it also carries a rich history.
Agra Fort: Just 2.5km away from the Taj Mahal, the Agra Fort used to be the main residence of the emperors in the Mughal Dynasty. Built in 1573, the fort required more than 4,000 workers over the course of 8 years to finish work on the fort. As a UNESCO World Heritage Site, the Agra Fort is a major tourist destination.
Jama Mosque: Also known as the Gem or Jewel Mosque, the Jama Mosque is unique for being constructed with pure white marble. This mosque was constructed during the 17th century by Shah Jahan for the ladies of the Royal family. It still remains one of the more popular mosques in India today.
By travelling, wonders never cease to exist! It’s time to decide on your destination of travel.
Emergency / Big Ticket Travel Spends
Going on a trip often requires substantial amount of spending. Apart from the usual airfare, accommodation and meals, here are a few scenarios which require you to have additional funds ready at hand:
1. Emergency medical expenses
Falling ill or getting into an accident on a trip not only dampens the mood but can also prove to be quite a hassle. Not only do you have to restructure your plans but more importantly, require immediate medical assistance.
Medical costs, especially in a foreign country without subsidies, can put quite a toll on your finances. They can run up to a few thousands, and in some cases, tens of thousands of dollars. The key to such situations is to always bring extra cash. If you don’t feel safe doing so, ensure that you have enough stored in your debit or credit card.
Perhaps you might feel a little apprehensive or not have the financial means to set aside more cash for your trip than you already have. Thus, it is wise to allocate a portion of your travel expenses to cater to such unforeseen medical expenses.
2. Encountering pickpockets:
Singapore is generally a safe country and oftentimes, we tend to take this for granted. By travelling to a foreign country as tourists, we become more susceptible to pickpocketing activity.
Pickpocketing is a rampant activity across the world, and more so in European countries. In Europe, professional pickpocketers are a thing and some of them are so good at it that they swindle tourists for a living.
As a tourist who might be caught off guard when a pick pocketing incident occurs, the last thing you would want is to have all the money that you have exchanged, and your personal items stolen.
However sometimes, things don’t always go according to plan. You might be pick pocketed or robbed, of most, if not all of your cash.
This is when you are rendered helpless and would most probably have to resort to using your credit cards to tide you through the remaining of the trip.
However, the nightmare doesn’t just end there. When you are finally back from your trip, you’ll have to grapple with losing a large portion of the money that you have set aside for your vacation along with the loss and replacement of your personal belongings, such as getting a new phone and wallet. All these will most likely set you back by a few thousand dollars.
3. Purchasing luxury goods:
Travelling to countries like Europe might conjure images of amazing historical buildings and museums which house great cultural history.
That said, some of us might also think of purchasing a few luxury good items back home. Afterall, such items are priced significantly cheaper in Europe, and especially so at outlets compared to buying them from Singapore.
If you shop for these brands at outlets, you might be able to get them at a potential discount of 30-50%! This is where you might get tempted to bring extra cash to purchase more items back.
However, it is important to note that even with the significant discount, most larger items would still set you back by a few thousand dollars.
After spending so much on your airfare and accommodation, you might feel a little uneasy about changing more cash just for your luxury spends. After all, this cash can be put to better use for any personal emergencies that may arise, and also to save up for the future.
4. Getting plastic surgery in South Korea:
Perhaps that might be certain parts of your body that you are unsatisfied with.
Instead of getting work done in Singapore, you might be thinking of going to South Korea to fix parts of your appearance, while taking the chance to explore the country as well.
South Korea is known for being the world’s plastic surgery capital due to their high rate of plastic surgeries coupled with the competitive market and well-equipped clinics.
Moreover, getting plastic surgery in Korea is often cheaper compared to Singapore. For instance, getting rhinoplasty costs about 3 million won (S$3,473) whereas it costs S$4,000 – S$5,000 in Singapore.
That said, all these procedures run well into the thousands, even a basic double eyelid surgery will cost you 2 million won (S$2, 315). After spending so much on your airfare, accommodation and other miscellaneous spending, you might be slightly cash stricken and require other avenues of financial help.
What Can We Do To Help?
With the aforementioned situations, you’ll probably require additional financial help to tide you through.
While borrowing from friends and family might seem like the only viable option at hand, you might risk harming relationships. During such situations, what you truly need is a reliable and trusted line of credit.
Having been in the business for many years, Lending Bee has solidified itself as one of the best loan providers in Singapore. Compared to traditional financial institutions, we are not only less stringent in our loan application process, but faster as well. This ensures that you get the prompt financial help that you seek to see you through these unfortunate situations.
So... What Are You Still Waiting For?
Instead of looking at pictures of your dream vacation destination through a screen, it’s time to there to see it with your own eyes. If you are currently quite financially strained, or wish to save up for other more pressing reasons, a vacation loan can prove to be a viable and convenient option. Let Lending Bee take care of the cost of your vacation, so that you can focus on enjoying your holiday to the fullest.
Instead of fantasizing about your next vacation, it’s time to make it happen.
Borrow With Confidence.
With Us, You Can.