Majority of Russians are apparently not receiving wages during their time off
In the realm of travel, Russians, much like many other globetrotters, often find themselves overspending during vacations. A study by the service Kupibilet has shed light on these trends, revealing that almost every third (28%) of Russians do not track their vacation expenses, and 67% regularly overspend their budgeted amount [1].
The study further indicates that 56% of Russians adopt a more carefree attitude towards unexpected expenses, viewing them as an inherent part of the vacation experience. However, these findings also highlight the importance of careful planning to avoid financial stress and overspending.
To help Russian travelers navigate these challenges, experts recommend setting a clear budget and savings goals before the trip, being mindful of currency exchange and payment methods, avoiding emotional or impulsive spending, tracking expenses closely during the trip, and having an emergency fund for unforeseen expenses [2][4][5].
Other practical tips include keeping a daily expense journal, adding a buffer to the budget, and finding out about all additional payments in the destination country beforehand, as suggested by the press service of Kupibilet [6]. Furthermore, choosing "all-inclusive" tours more frequently has become a popular strategy for 22% of Russians, aiming to control costs and avoid unexpected expenses [7].
It's essential to note that small, seemingly insignificant costs, such as card payment commissions abroad and extra baggage fees, can significantly contribute to vacation expenses [8]. The biggest sources of overspending on vacation are food and snacks (31%), unexpected purchases (28%), mobile communication and internet (24%), tourist fees and taxes, excursions, and transport expenses (19%) [9].
In an attempt to mitigate overspending, 12% of Russians now add +30% to their initial vacation budget as a precaution [3]. Moreover, 7% of Russians demonstrate a proactive approach by researching reviews in advance to avoid unexpected expenses [10].
Despite these efforts, only 33% of Russians manage to stick to their planned vacation budget, with 15% of Russians reporting that their vacation budget exceeds the limit by 30% or more [1].
In conclusion, while vacation spending habits among Russians mirror those of many travelers worldwide, the key to maintaining financial control lies in careful planning, budgeting, and being mindful of expenses. By adopting these practices, Russian travelers can enhance their vacation experiences without the added burden of financial stress.
References: [1] Gazeta.Ru [2] Kupibilet Study [3] Kupibilet Study [4] Expert Recommendations [5] Expert Recommendations [6] Kupibilet Press Service [7] Kupibilet Study [8] Kupibilet Study [9] Kupibilet Study [10] Kupibilet Study
In the realm of personal-finance, the importance of budgeting and careful planning is underscored, as shown by a study revealed by Kupibilet [2]. To avoid financial stress and overspending, recommendations include setting a clear budget and savings goals before the trip, tracking expenses closely during travel, and having an emergency fund for unforeseen costs [2][4][5].
