How much should I save for a holiday?

It depends on your destination and trip cost. As a guide, a one-week domestic trip for a couple often runs $2,000 to $4,000, while two weeks in Europe or the US can easily reach $8,000 to $15,000 once you include flights, accommodation, food, activities and travel insurance. Work out your total cost first, then divide what is left to save by the number of weeks until you leave. For a $6,000 trip in 10 months from a standing start, that is about $138 a week or $600 a month.

How do I save for a trip fast?

Automate it. Set up a transfer on payday into a separate high-interest savings account named for the trip so the money moves before you can spend it. Cut a few recurring costs, redirect any tax refund or bonus straight into the account, and book flights and accommodation early to lock in lower prices. Selling unused items or picking up casual extra work can give your fund a quick boost. The two levers you control are the trip cost and how much you put aside each pay.

Where should I keep my holiday savings?

Keep it in a separate high-interest savings account, ideally one you nickname after the trip so it feels off-limits for everyday spending. In 2026, competitive savings accounts in Australia pay roughly 4.5% to 5.5% p.a., often with conditions like a minimum monthly deposit. If your departure date is fixed and more than a few months away, a term deposit can lock in a guaranteed rate. Avoid leaving it in your everyday transaction account where it is easy to dip into.

Holiday Savings Calculator

Enter your total trip cost, how long until you leave, and anything you have already saved. See exactly how much to put aside each week, fortnight or month to afford your holiday on time.

Last verified: 5 May 2026

How much do I need to save each week for a holiday?

Divide what's left to save by the number of weeks until you leave. For a $6,000 trip in 10 months from a standing start, that's about $138 a week, $276 a fortnight or $600 a month. Already saved $1,000? It drops to about $115 a week. Source: ASIC MoneySmart.

Worked example. A $9,000 two-week overseas trip in 12 months, with $1,500 already saved, leaves $7,500 to go. That's about $144 a week, $288 a fortnight or $625 a month. Set up an automatic transfer on payday into a separate high-interest saver nicknamed for the trip so the money moves before you can spend it.

General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.

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