How to Budget for Your Next Holiday With the economic climate in such disarray, UK holidaymakers will now find that they can get more Euros for their Pound compared to recent years. With the exchange rate average in 2009 of 0.89 compared to 0.82 in 2012, tourists can get a lot more value for money now for their summer holidays. The pound is continuing to recover its value since the euro zone has weakened Europe's group currency. With other countries seeing a decline in tourism and many holidaymakers opting to stay at home, finding a holiday abroad tailored for you is a buyer's market. Everyone is fighting for your business and there is no shortage of options available to you. Now might be the time to think about saving and budgeting for next years' summer holiday abroad. Whether it's all-inclusive in the Caribbean, Disneyland or self-catering in the Algarve, remember it's not just the initial outlay for the holiday itself; there are all the holiday essentials and extras which all need paying for increasing the cost of your break. In a comprehensive personal finance application you can set a budget specifically designed for your summer holiday. Enter in all the hidden costs with a budget for travel insurance, clothes, spending money, airport parking and transfers, car hire and even sun cream! Now you have your holiday budget and you can see exactly how much this holiday is going to cost but more importantly help you prepare for it so that you can actually enjoy yourself rather than worry about the bank balance once you return home. Setting up all your financial records in one place gives you a full picture of your finances and helps you to identify the pitfalls of your spending. Once you have a complete view of your finances and you know exactly where you stand, you can start to take charge and make a change or you may even discover that you have more disposable income for a holiday than you thought! Many personal finance applications will allow the user to build the chart of accounts to reflect their lifestyle. If you want to be specific on your finances or if you want to keep things as simple as possible, you will be able to see instantly where you stand financially, making it really, truly, eazy. So if you're dreaming of your next summer holiday, start making it a reality by budgeting for it.