Research suggests that the UK can expect 16 million journeys to take place this Bank Holiday weekend.
And with Brits concerned about spending amid a rise in cost of living, two thirds of travellers believe they could use AI to help research and plan their long weekend breaks in advance, whilst saving extra pennies. With this in mind, Christoph C. Cempper, on behalf of AIPRM, shares his insight on how you can save money this bank holiday by utilising artificial intelligence.
5 ways AI can save money this bank holiday:
- Recommendations for easy planning
A great benefit of using AI when planning for a break is that it can recommend things such as activities, restaurants, hotels and more to suit your interests, budget and plans overall. Artificial Intelligence is capable of revealing important data to help build your daily agenda during the Bank Holiday by sharing prices, reviews and ratings.
By using AI for this, it removes the stress of planning a trip, days outs and experiences whilst ensuring that travellers receive the best option possible for your needs. The tool Kiwi allows people to search for flights, hotels and car rentals in order to provide users with the best offers with real-time updates, advice and tips to create the perfect bank holiday escape.
- Perfecting your package price
It is easy to opt for the first package you may see fit, but shopping around can save you a whopping amount of money. However, for many, sitting down and finding spare time to look through different sites may not be viable, so why not use an AI tool to help find the perfect Bank Holiday package?
There are a vast number of free AI-powered apps, tools and extensions, such as ‘Eddy Travels’ for flights, ‘Hopper’ for travel deals and ‘PayPal Honey’ for shopping deals, which will happily search for you to make sure you find the best deal at the best value. By doing this, not only will your time be saved scanning the web, but your finances may be better off, and you could be getting an all-inclusive break for half the price.
- Learning a language made easy
As much as we all like to soak up the cultures of other countries, sometimes the language barrier can cause difficulty but AI can translate spoken and written language to improve travellers' experience being able to communicate with locals.
Those travelling can find out where to eat, what activities to take part in and overall what to do during their trip without relying on a translator to interpret unfamiliar words. AI-powered tools are quickly becoming a valuable asset for those who want to make the most of their time abroad without hassle. There are various translation apps, such as ‘Microsoft Translator’ that helps bridge the gap between languages and creates conversations that may never happen without it.
- Break your habits for a better budget
Whilst planning for the bank holidays, it is always important to consider how much it may set you back and therefore, ensuring a budget is in place is perfect for keeping on top of your expenses and flexibility.
An easy way to do this is by utilising AI apps such as ‘Trim’, ‘Albert’ and ‘Qapital’ to analyse your regular spending habits and future financial goals to generate a personalised plan to prepare you for the long weekend.
However, AI tool, ‘Wally’ tracks spending, cash flow and bills to help simplify budgeting decisions from checking expenses, income streams, savings and investment accounts. If the budget works amongst other expenses and outgoings, there could be extra pennies for enjoying the sun.
- Track and organise your spending
By analysing past transactions, AI-powered apps allow expenses to be categorised automatically through understanding patterns, decisions and elements to cut back for more flexibility on the three-day weekend. Apps such as ‘Cleo’ are the best for a financial chatbot and ‘Magnifi’ for investing.
The app ‘Rocket Money’ is a great tool for managing recurring payments. It tracks all subscriptions and other expenses to allow you to identify which payments are unnecessary expenses. Similar apps also allow users to create customised savings goals by allocating funds into designated accounts automatically, allowing them to build up without taking a toll on your everyday bank account and spending.
