Overseas countries that offer the best bang for your buck

Embarking on a holiday can provide a much-needed break from the daily routine – especially after the past couple of years we’ve had! But with the Choosi Dollar Report revealing that 62% of us are struggling to keep up with the cost of living, no one wants a trip that ends up breaking the bank.

Australians are lucky that there are many affordable travel options just a short flight away, so a cost-effective holiday is definitely achievable. Here are our top three picks.

1. Bask in the sunshine in beautiful Bali

There’s a reason Bali is known as Australia’s favourite holiday destination. We are the largest feeder market for direct foreign tourist arrivals into the Indonesian island, with Aussies collectively making around 352,000 visits to Bali every year.

But just why do we love Bali so much? It’s not only a beautiful destination but it’s easy on the hip pocket. The island’s low cost of living translates to affordable holiday accommodation, cheap – and delicious – food, as well as easy transportation around the tourist hotspots. Considering that travel is the most common reason why Australians save, this holiday destination will help make sure your budget stretches the furthest.

Aside from the money factor, Bali really does boast some of the most stunning natural beauty you are ever likely to explore. From lush rice paddies to stunning beaches, and with a rich cultural heritage to boot, having Bali just a short international flight away (a little over 6 hours from Sydney) makes it one of the most popular destinations for Australian tourists.

Cost-effective reasons to travel to Bali include:

• Cheap day-to-day expenses: The cost of daily necessities like food, transport and accommodation is relatively low compared to other island destinations like Fiji or Hawaii.
• Strong Australian dollar: With the Australian dollar strong compared to the Indonesian rupiah, travelling through Bali on a tight budget is very achievable.
• Competition: Because most of the Bali economy relies on tourism, there is plenty of competition among businesses which drives down prices for tourists.
• All-inclusive holiday packages: With a little research you’ll find many tour operators offering all-inclusive packages that include flights, accommodation and exciting activities. This can end up being much more cost-effective than booking everything separately.

2. Navigate some of the most incredible sights in the world in New Zealand

If you’ve seen The Lord of the Rings, you’ll know how truly breathtaking the New Zealand landscape is. But with both Auckland and Wellington regularly sitting on the list of the world’s most expensive cities, it might not seem like the most cost-effective holiday destination. The good news is that a short trip across the ditch can be done on the cheap – all while enjoying the majesty of this biodiversity hotspot.

Cost-effective reasons to travel to New Zealand include:

• Close proximity: New Zealand is essentially just down the road from Australia, making flights quick and cheap – especially compared to places like the USA and Europe.
• Experience the natural beauty: To enjoy your NZ holiday, you don’t have to splurge on all the thrill-seeking activities the country is famous for. So save your dollars for accommodation and food, and instead get active among the snow-capped mountains, glaciers, fjords, beaches, forests and other diverse landscapes.
• Cultural immersion: New Zealand’s rich Māori heritage bleeds into every facet of the country’s culture. So take the time to explore the unique and diverse travel experiences that detail the Land of the Long White Cloud’s history.

3. Immerse yourself in the cultural wonder of Thailand

Similar to Bali, Thailand is becoming one of the most sought-after destinations for Australian tourists, thanks in large part to its incredible culture and cost-effective travel options. Many tourist activities and attractions are priced relatively low compared to other popular holiday spots, making it easier to stick to your budget. The strength of the Aussie dollar compared to Thai baht will also make everyday travel expenses more affordable.

Cost-effective reasons to travel to Thailand:

• All-round affordability: No matter where you travel in Thailand, you can find affordable accommodation, cheap (and delicious) food and plenty of inexpensive transportation options.
• Unique cultural experiences: You could spend days adventuring around Thailand without spending a cent on activities. With its rich cultural heritage, take the time to explore temples, festivals, and traditional markets.
• Exceptional street food: Thailand is world-famous for its exceptional and diverse street food, which is a big drawcard for foodies and very kind on your wallet.
• Spa and wellness: If you do decide to splurge a little, you’ll be happy to know that Thailand’s high-quality spa and wellness services are usually very affordable, especially compared to prices back home.

Is it time to take a break?

Despite the cost of living forcing many Australians to re-evaluate their spending habits, it's still important to take time out for holidays. Bali, New Zealand and Thailand are all cost-effective options where you can find affordable accommodation, cheap food and unique cultural experiences. Now you can escape the daily routine and recharge on a budget!

While planning to head off on your next adventure, why not check your life insurance is up to date and meets your current needs. If you are considering changing providers or need a new life insurance policy, check out the range of providers and get started today with Choosi.