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Bali is without a doubt one of the most iconic and breath-taking holiday destination in Asia.
Therefore, if you are planning a trip here you can rest assured that you are in for the time of your life.
✓ You have all your travel plans made.
✓ You’ve packed your favourite swimming costume and beach sandless.
✓ You got your time off from work.
Now all that’s left is to get your finances in order which is when you realize you have absolutely no idea how much money to carry…
Here is a financial guideline that should come in handy for first-time visitors to this island paradise.
It is important first and foremost that you understand that not everyone spends the same amount on holiday.
However, there is that average range that will allow you to survive and truly enjoy the trip.
For holidays in Bali, this financial sweet spot falls within the range of £500 to £750 per person for seven days. This translates to between £70 and a little over £100 per day.
You can, of course, spend more than this or less than this but this is the generally accepted cost of living for visitors in Bali.
So what exactly can £500 to £750 get you in Bali? Below is a breakdown of expenses you can expect and suggestions on how to budget this weekly stipend.
This depends entirely on two things. The first is where you choose to stay. On this budget, high-end luxury hotels are way out of your league. They would set you back £300 per night give or take a few pounds.
Mid-range hotels, on the other hand, are affordable with most costing less than 60 pounds per person per night. This allows you access to some pretty decent hotels that, though not 5 stars, are still quaint and luxurious in their own right.
Finally, if you truly want to save money you might have to find the really low-end hotels. Don’t worry, this doesn’t mean you will be sleeping in a wooden shanty with paper roofs.
There are actually multiple decent hotels and lodges on the island for as little as 30 pounds a night.
The other major determining factor when it comes to the cost of accommodation in Bali is the season. As with any other popular tourist destination, prices vary with demand. Peak months include July, August, December and January.
The weather then is lovely which makes it the best time to visit. However, high demand means that prices for accommodation go up by as much as 30%.
With about £30 to £60 knocked off your £50 to £100 daily budget, the next major priority is food. The good news here is that food is more often than not included in the accommodation package. This is unless, of course, you opt for self-catering arrangements.
Despite it not being your responsibility, it is always a good idea to spare some of the daily budgets for food. This is because when you go out to explore the island you will need a snack here or a bottle of water there.
Food is not really expensive on the island. Take or example a full lunch meal with noodles, chicken and veggies. This would cost you not more than 3 pounds with a local lager to wash it down costing less than 1 pound.
It is, therefore, safe to say that a daily budget of 10 pounds for street food and snacks should more than cover you.
When you travel to Bali, it would be an injustice to not explore. Here lies the 3rd cost which is in transport and guide services.
If the hotel isn’t providing these for you, it is always a good idea to hire local guides for an authentic tour. Unlike other costs on this list, this one is often on an hourly basis and covers large groups as opposed to individuals.
From experience of past visitors, it would cost about £20 to £40 for a 5 hour trip with stops at the main attractions on the island.
You could also choose to completely slash this cost down to zero by acting as your own guide. However, please note that this is not for the faint of heart.
You need a seriously adventurous spirit to take the risk of venturing into a new location totally unguided. Here, guidebooks and translators, tourist magazines and travel apps might come in handy.
Finally, if you have a little extra cash after your trip you should definitely treat yourself to some retail therapy.
There are many shops in Bali for you to explore and get little keepsakes for your trip. How much you spend here depends entirely on what you want, where you go shopping and how good you are at getting a bargain.
Simple souvenirs like hats and t-shirts would set you back £5 or less. Jewellery, clothes, paintings and handmade crafts are the real money vortexes that could cost tens and even hundreds of pounds.
In order to manage your budget properly, it is probably best to strike a balance between guide costs and shopping costs. This is if you are working with limited funds but you still want to enjoy both.
In this case, simply have a few days dedicated to guided trips and the rest to shopping. That way you don’t have to split your daily stipend between these two major expenses.
With a £30 room, £5 snacks, a £25 day-trip and £5 souvenirs you should be able to have a decent budget holiday in Bali.
The best part is that most of the attractions including the beaches and town centres are free entrance locations. So on those days, you do not want to spend too much you can simply slip into something comfortable and skip on down to the beach for a nice laid back day under the sun.
So as you finalize your plans for your Bali trip take this guideline into consideration. Also remember, if possible, to carry a little extra cash for unforeseen costs and for emergency purposes. That way you will never be caught off guard.
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