So, you’ve probably landed on this page because you are planning on going on holiday, but you’re trying to convince yourself that monthly pay holidays are a good idea, right?
You are probably also considering whether it really is a good idea to book in advance or if it makes more sense to risk it and hope for those unpredictable discounted last-minute deals?
Well don’t worry, this is going to be a breeze. I can spend ages rambling on why this should be avoided but instead, I have decided to list the most important reasons why monthly pay holidays are a great option for you!
What is a monthly pay holiday?
A monthly pay holiday is a financial option that is offered to those who are looking for a more convenient and easy way to help pay for expenses related to travel and holidays.
Why should you get monthly pay holidays?
Now to the good stuff…
There are several reasons why monthly pay holidays were introduced and are so popular today, and here are a few of those reasons!
• Buy Now, Pay Later
More often than not, travelling abroad is offensively expensive, and very few of us have the luxury of being able to pay for a holiday upfront. Luckily, monthly pay holidays enable you to book your holiday now, without having the necessary funds in your account, and offer you the privilege of paying for it later.
The main purpose of monthly pay holidays is to provide a more convenient and practical means of paying for a holiday. This is why monthly pay holidays allows you to spread the cost over several months and repay the loaned amount in easy to manage instalments.
That's not even the best part...
You may even be able to set your own instalments. This, however, does depend on the company and how flexible they are. This means that you are able to stretch out your repayments over a time period of your choice, given you pay the full amount back by the negotiated deadline.
For example, if you do not have a consistent income, you may find it difficult repaying the same amount back every month. If you can only afford to pay a smaller amount this month, you may do so as long as you repay the full amount before you go on holiday!
Popular interest in monthly pay holidays also proceeds from the flexibility that they offer. In other words, there is nothing to say that you are limited to a pre-approved plan. Alternatively, you are free to tailor your package to your needs and choose what you want to include.
For example, you might intend on booking a monthly pay holiday for strictly flights, and since there are now several airlines offering ‘fly now, pay later’ schemes, this is possible to do!
• No Interest Options
Compared to the majority of holiday payment schemes, monthly pay holidays generally have more zero interest options. This makes it extremely appealing to a lot of people, particularly individuals who struggle with bad credit history.
• Poor Credit Options
Having a poor credit history can seriously limit your options and can take away the privilege of being able to make financial decisions comfortably. This can deter people from considering monthly pay holidays as a viable option.
But a bad credit rating doesn’t have to be a problem. In reality, there are several monthly pay holiday packages on the market that are accessible to those with poor credit.
• Offers A Slice Of Luxury
For a lot of us, the purpose of a holiday is to escape the monotonous reality of our lives for a little while and to enjoy a well-deserved break away. So, there is nothing wrong with treating yourselves with a little bit of luxury during your special time away.
And lucky for you, monthly pay holidays give you the freedom to do just that!
So, whether you want to upgrade your flight for some extra leg room, or stay at a swanky hotel with a spa, there is nothing stopping you. Because you can pay for the holiday in manageable instalments, it gives you the financial leeway to spend more on the holiday extras that you would otherwise not be able to afford!
By now, I am sure that you are ready to book your monthly pay holiday and will be jetting off in no time!
So why not check out our ultimate holiday packing checklist next to make sure that you pack smart, and don’t leave anything behind!