Travellers, both young and old, are always seeking ways to budget and save for their journeys.
One in three travellers aged 60 and above plan to use a portion of their retirement savings to fund holidays in 2025, according to Flight Centre’s recent Global PR Survey, which surveyed participants from South Africa, Canada, the US, the UK, Australia, and New Zealand.
South Africans are closely following this trend, with 32% indicating similar intentions.
After decades of hard work, raising families, and navigating life’s challenges, mature travellers are eager to fulfil their once-in-a-lifetime travel dreams.
However, there are numerous ways pensioners can travel without dipping into their retirement savings or overspending on experiences.
“Travel shouldn’t come with guilt,” says Sue Garrett, general manager of Supply, Pricing & Marketing at Flight Centre South Africa.
She highlights that today’s over-60s are embracing the present while still recognising the importance of planning for the future.
With careful planning and a thoughtful approach, seniors can discover the world while safeguarding their finances.
Garrett shares a few tips on how over-60s can fulfil their travel dreams without breaking the bank.
Budgeting for travel dreams
“If travel is a non-negotiable part of your retirement lifestyle, then treat it as such,” Garrett advises.
Understanding that travel is part of the ‘wants’ category of retirement budgeting is crucial; many retirees are wisely earmarking 5–10% of their annual budget specifically for travel.
Garrett recommends constructing your travel goals into a monthly plan, allowing your wanderlust to be part of your fiscal strategy.
Creating memories, not financial guilt
Surprisingly, nearly one in ten seniors are contemplating using their children’s or grandchildren’s inheritance to fund their travel dreams.
Yet, South Africans appear more prudent, with only 3% embracing this idea.
Instead, 25% of respondents welcome the idea of multi-generational vacations funded by their families, embracing travel as a means of connection and joy rather than a financial burden.
Bundling for savings
One of the key strategies to enjoy travel without splurging is bundling.
By grouping flights, tours, and accommodation, travellers can unlock remarkable savings.
Garrett emphasises that this approach simplifies the planning process while eliminating hidden costs, ultimately providing better value.
“It’s a better value across the board,” she explains.
Flexibility is your ally
Flexibility can be a game-changer.
Travelling during shoulder or off-peak seasons not only lowers costs but also offers a more enjoyable experience without the crowds.
As Garrett notes, “Flexibility is one of the biggest financial advantages retirees possess.”
With fewer restrictions tied to working schedules, seniors can seize the opportunity to find better deals.
Loyalty pays off
Signing up for airline and hotel loyalty programmes can be immensely beneficial.
Many travellers unknowingly accumulate points over the years that can be redeemed for significant savings, such as free flights or upgraded stays.
“Used wisely, they can unlock premium experiences without the premium price tag,” notes Garrett.
Timing point redemptions for off-peak periods maximises value and availability.
Downsizing for adventure
Amidst a growing trend, some over-60s are opting to downsize their homes, converting their capital into travel funds.
Selling underutilised assets like second cars or collectibles can also free up resources to explore the globe.
As Garrett aptly puts it, “Trade square metres for air miles.”
Smart travel hacks
Small adjustments can create substantial savings; travellers are encouraged to pack lightly, opt for self-catering, utilise public transport, and schedule midweek flights to cut costs.
“Being budget-conscious means being intentional,” emphasises Garrett, highlighting the importance of spending on aspects that enhance the travel experience.
Generating income on the road
Who says retirement means stepping away from income?
Many over-60s are discovering creative ways to fund their trips through house-sitting, volunteering, and even freelancing.
“These travellers are saving money while adding purpose and connection to their journeys. It’s a win-win,” Garrett adds.
Those unwilling to work can still save significantly by engaging in global house-sitting networks, which can eliminate accommodation costs.
In summary, with strategic planning and a few clever tactics, the over-60s can experience travel that is both financially prudent and enriching.
Garrett concludes, “Retirement is about choosing what matters most.
For many South Africans, that’s seeing more of the world while they’re healthy enough to enjoy every moment.”
