Don’t let the weak Aussie dollar crimp your spending

Font Size:

It’s been a good five years since the value of the Australian dollar packed a hefty punch when it came to holiday-spending money.

If you were travelling overseas between 2010 and 2013, our currency was able to buy wads of US dollars, as its value tracked above the Greenback.

Since then, it has all been downhill. The Aussie dollar has not managed to buy more than 80 American cents consistently for a while, and currently, it is trading in the low US$70-cent range.

You may have less overseas spending power with the current exchange rates than previously, but there are ways you can still stretch your holiday money.

Begin by shopping around for the cheapest fares on aggregator websites such as Skyscanner, Kayak or Google Flights. With the latter, you can set an alert to let you know when prices fall. With all three, you can also search for hotels and rental cars.

If you don’t mind your inbox becoming somewhat cluttered, you might consider subscribing directly to airline websites. That’s a relatively headache-free way of finding out as soon as a good deal is announced.

When it comes to travelling around or between cities on most continents, a handy platform is CombiTrip. This journey planner searches for itineraries worldwide, allowing you to compare travel options including public transport, flights, coaches, trains, taxis and more. Just enter any location for the start of the journey and a destination, and objectively compare all your travel options based on an entire itinerary from door to door.

Hopper is an app to help you to navigate public transport around the world.

Accommodation can be trickier if you enjoy your creature comforts and want to avoid hostels. Fortunately, there are umpteen apps and sites for booking accommodation. Here are 15 listed by the online site Best. The ones that will yield the cheapest hotels are those that offer last-minute deals at ‘shortish’ notice.

Alternatively, you might get a good deal from an accommodation sharing platform such as Airbnb.

The last thing you want to spend precious holiday money on are items you forgot to pack, such as rechargers, toiletries or a warm jacket, and so on. To make sure you don’t fall into this trap, use an app such as Packpoint to ensure that everything you need on your travels makes its way into your luggage.

Don’t want to waste money on a bad dining experience? Then check out Leon’s article on food-finder apps. These handy apps help you look for ‘value for money’ restaurants, as well as dry cleaners, beauty salons, events, and more, and with handy reviews from previous customers.

A little time invested on searching the internet can yield all sorts of bargains to be had all around the world. Read up on sites such as Nomadic Matt for more ideas on travelling on the cheap.

Do you have any ideas to share on how you can save money when you are on holidays?

Join YourLifeChoices today
and get this free eBook!

By joining YourLifeChoices you consent that you have read and agree to our Terms & Conditions and Privacy Policy


How to find free activities when you travel

With a little research, you can find free activities at your holiday destination.

Travel agents tell all: how to save money on travel

When it comes to saving money on travel, who better to ask than travel agents?

Seven travel money wasters

Take advantage of these travellers' experiences and give your wallet a holiday too.

Written by Olga Galacho


Total Comments: 1
  1. 0

    Some good tips above, well worth take note of. Always if you have some US currency left over after travel keep it in a safe place, do not change it back. No interest to speak of in savings and every time to change money someone else makes a profit.



continue reading


Tobacco and childcare drive cost of living increase

The Consumer Price Index (CPI) rose 0.9 per cent in the December quarter. According to the Australian Bureau of Statistics...

Age Pension

Retirement system ‘uncertain for almost all retirees’

Australia, a nation of almost four million retirees, has one of the world's best retirement systems. The 2020 Mercer CFA...


The big question: How much do I need to retire?

Life expectancies continue to rise, and with that comes a host of challenges. For governments, there's the increasing cost to...


Understanding the true cost of retirement

The Australian government spends billions on boosting retirement incomes. The two biggest costs, the Age Pension and superannuation tax concessions,...

Age Pension

Adequacy of retiree nest eggs

YourLifeChoices conducts several surveys each year to gauge the financial, physical and mental health of our 260,000 members. The aim...

Age Pension

Age Pension payments in 2021 – what you need to know

World heavyweight boxing champion, Olympian, ordained minister and successful entrepreneur George Foreman returned to the ring at the age of...

Age Pension

Services and rebates that can save you hundreds

Last year, I put together a retiree checklist. In 2021, there are some additions. This is a long list and...

Age Pension

Pension rates, PBS entitlements, health fund changes

YourLifeChoices keeps you up to date with retirement income changes. PBS co-paymentsThe maximum co-payment for general patients for drugs listed...