So how can you avoid the situation of “going all out and losing friends” when traveling in a group? Let’s take a look at some handy tips on how to manage your finances while traveling with friends, as shared by many young people.

Choose a suitable destination and time for everyone to enjoy themselves

While timing can be tricky to agree on, it is an important factor that determines the quality of the trip. First, get together and choose a “lucky day” to depart. By choosing the right time, everyone can have more fun and save money effectively without anyone missing out.

According to Thu Giang, a member of a group of eight friends from Hanoi, they usually avoid traveling during holidays and prefer to go when everyone is available.

Instead of traveling during peak seasons, we wait for low seasons to save money and avoid crowds at tourist spots.

We check flight and hotel prices to know when it’s peak season and avoid those times. By traveling during off-peak seasons, we save quite a lot on services, and it’s also easier to split the cost,” said Thu Giang.

Regarding the destination, it is essential to have a common agreement within the group to avoid boredom if some members have been there too often or are going just because they feel obliged. This will help prevent potential conflicts during the trip and ensure everyone’s enthusiasm.

Research transportation and accommodation prices, and divide tasks clearly

Instead of rushing to book, take time to discuss and compare prices to find the most reasonable option. Many young people suggest looking for seasonal promotions offered by travel agencies or third-party booking channels to get the best deals.

By carefully checking information and comparing prices, it’s usually best to book in advance, from two weeks to a month, to get good discounts. Once we agree, we divide tasks clearly, such as who books flights, who books hotels, and who manages the group’s funds,” said Huong Ly, a member of a group of nearly 20 friends, sharing her experience in preparing for group travel.

Determine the itinerary and set up a common fund to prevent financial deficits

This step is crucial before the trip. The group needs to determine a common budget for the journey based on everyone’s financial capabilities and entertainment desires.

The group leader should gather everyone’s opinions and create a tentative itinerary. This will allow members to add or remove items and contribute to the common fund managed by the treasurer.

The first thing a group needs to do before traveling is to openly discuss everyone’s budget and financial situation. Each member should express their wishes, needs, and suggestions. When there are income disparities within the group, we usually create a shared spreadsheet to track expenses and spending,” said Hai Yen, who has experience as a group leader.

Thus, after agreeing on the itinerary and destination, each person will contribute a certain amount to the common fund for shared expenses like accommodation, transportation, and food. For optional activities, individuals pay for themselves. This approach ensures that no one feels financially burdened, and everyone can participate in the activities they choose.

Bring your personal items and necessary equipment to avoid unfortunate incidents

To save money and meet the group’s needs, pack wisely for yourself. Think carefully and seek advice from others to ensure your luggage is sufficient for the entire trip, avoiding the need to buy things at the destination, which are usually more expensive.

Additionally, you can share personal items like sunscreen and insect repellent with your friends to save space in your luggage and reduce shopping expenses. This not only saves money but also fosters convenience and unity within the group.

Enjoy the trip wisely, avoiding impulsive decisions

For many, traveling is a chance to de-stress, which can lead to uncontrolled spending. This may result in an empty wallet upon returning home. However, being too frugal can ruin the fun for the group. Instead, allow yourself to splurge a little, but stay within your financial limits and consider the other members’ budgets as well.

To avoid money worries, take the initiative to measure the group’s spending capacity, control wasteful tendencies, and allocate funds for each category in the common fund.

Additionally, discuss and choose suitable activities, opt for economical dining options, and avoid changing your mind once you arrive, such as switching to a more expensive hotel or restaurant. Don’t forget to control yourself around luxurious temptations that might lead to overspending.

Finally, to ensure a pleasant and successful group trip, it is essential to resolve conflicts between members. Before, during, and after the journey, everyone should be open about their needs and desires and listen to others’ opinions and wishes to reach agreements quickly. This will maintain group unity and avoid internal discord.

Indeed, managing finances for group trips can be challenging. Hopefully, these tips will help you have a relaxing and meaningful vacation.

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