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Staycation or Vacation? Smart Ways to Finance Your Getaway in Singapore’s Travel-Ready Economy
9 January 2026 | Monetium Credit
No matter how much you like working and keeping active, you need to relax at least once in a while. But choosing whether to relax at home or take a vacation can be a complicated choice. Besides the fact that you need to decide where to go, you need to figure out how you are going to pay for it. The financial situation is pretty similar for most people around the world, and it’s not exactly good. This article compares the staycation and vacation options, trying to help you choose the best one for you. Let’s see if you should take a Singapore vacation loan, and what kind of vacation you could have if you were to take one.
Is Singapore Travel-Ready?
If you check out this article, you will see that Singapore is serious about investing in tourism. The project is called “Singapore 2040”, and the goal is to increase tourism. Singaporeans also started prioritizing traveling again in 2025, but it seems like financial problems are the ones stopping them. Singapore is ready to allow its citizens to travel, and receive travelers. So, if you want to do either of the two, now it’s the perfect time. Let’s make a comparison between a staycation and a vacation.
What Is a Staycation?
A staycation is when you are traveling in your own country. You spend time at home or not too far from home, and visit local attractions. This type of vacation can be very relaxing, as you don’t have the anxiety associated with going to an unknown place. You often feel safer, as you are closer to home. And, last but not least, you don’t spend that much money. You might not even need a Singapore vacation loan, depending on how long you want this vacation to be or where exactly you want to go.
It’s a more affordable and comfortable option, which is why more and more people decide to vacay in their own country. Don’t worry, you can still feel great, especially if you decide to go to Marina Bay, Sentosa, or similar destinations in Singapore. Vacating at home is one of the best money-saving tips you could get.
What is a Vacation?
As you already know, a vacation is when you travel to a different place. It’s a completely new experience, which can be quite exciting. Even if you are going to a country you’ve visited before, there are always new things and places to discover. You are breaking away from your routine, which is something that a staycation doesn’t really offer. You are far from home, work, and your daily tasks. It feels like it’s mandatory to finally relax. But, of course that an overseas vacation will be more expensive. You need transportation, a hotel, food and so many other tiny expenses. Not to worry, because Monetium Credit offers vacation loans in Singapore, across all areas.
Don’t forget about the stress of leaving home. Yes, a vacation is important, but if you are an anxious person, a vacation might do more bad than good. Moreover, the stress of not affording the vacation can ruin your vacation too. But then you start to think of how you only live once.
Which One Should You Choose?
If it’s vacation season, or you just need some time off, but cannot choose between staying home and going overseas, let us help you. We already presented some of the pros and cons of each option, which probably help you imagine which one would work for you. There are many elements to take into consideration, and it really depends on your philosophy of life. You could get a Singapore vacation loan and take the Italian vacation of your dreams. Or you could explore Singapore. The best way to decide is to start by understanding your budget.
What Is the Budget?
Before you decide on anything, you need to look at how much everything is going to cost. We know that Singaporeans are planning to spend between S$1,2k and S$3k per trip in 2026. Now, we will assume that you don’t want to stay at home, no matter which option you choose. So, the first big expense will be the hotel. You will need transportation, food and money for activities. You need to have an approximate idea of how many nights you want this vacation to be, as it will influence the price.
After you set a budget, you want to decide on the payment. Did you open the best travel savings account a few months ago, and will you pay with that? Will you take a loan? Or a combination of these options. If you don’t have a savings account, you might want to start looking into the options of travel loans in Singapore. We offer lifestyle loans that might be just what you need right now. Last but not least, don’t forget to make a repayment plan. You don’t want to end up not being able to pay your loan back because of this vacation. Make a plan, do not borrow more than you need, and ensure that you will be able to make all of your payments on time.
Our Lifestyle Loan
We are located in Jalan Baser, but we offer our services in all areas, from Tanjong Pagar, Raffles Place and Orchard. Our lifestyle loan is perfect for the milestones in your life. It’s fitted for weddings, traveling or even buying a new car. You can apply individually or submit a joint application with your partner. The eligibility requirements are:
· Be a citizen of Singapore
· Be above the age of 21
· Be employed, part-time or full-time
You will need to provide proof for all of these requirements (NRIC, bank statement, household bills, employment contract), and some additional documents, like a marriage certificate for joint applications. We might ask for other specific documents depending on the situation. You can easily apply for a loan on our website, and we will contact you as soon as we evaluate your application. You can contact us if you have a question, and we will make sure to answer it promptly and clearly.
Different Financing Options for Different Scenarios
Let’s look at a few different scenarios and what financing path would be best to take. These are here to help you understand how it would be best to pay for the vacation that you have in mind. The first one would be a staycation. You decide on 2-3 nights at a resort in Singapore. This trip could cost around S$1,000 per person. This type of trip could potentially be paid for with your savings. But maybe all of your friends have set aside a week of vacation in Bali, and they ask you to go with them. Depending on how exactly many nights to decide to stay, and the hotel you choose, the starting price could be around S$2,000. You can opt for a mix of savings and a credit card here.
The last scenario is the most expensive one. A once-in-a-lifetime kind of vacation, maybe in Europe or Australia, will definitely cost more than S$5,000. Which is where the Singapore vacation loan comes in. You might think that it’s not worth taking a loan for a vacation, because it’s not really a need. And while it might sound silly for some people, relaxing is a need. Your body and mind need time to relax if you want them to perform well. If you don’t give them time off, they will take it at the worst time possible.
Tips and Tricks for a Cheap Trip
If you are aware of a few tips and tricks, you might not need to borrow that much, which is always a good thing. The first thing you want to do is to book early. Prices fluctuate a lot, and starting your research early will ensure that you get the best price. When possible, opt for free cancellation or at least 50% reimbursable cancellation. The second thing is to research the place you will be visiting. This is how you will find out about parking fees, local taxes, the tipping culture and visas.
Even if it might be a little hard for a few months, try to pay the loan back as soon as possible. You don’t want your trip to become a burden and regret taking it. If you can, try to pay it back in a maximum of 24 months. If you are struggling with Singapore vacation loan repayments, check out this article on our blog. When taking a vacation, do not forget to have some money for unexpected events. Try to be responsible, even if you are on vacation trying to have fun. Put more value on memories and having a great time, rather than on expensive meals or buying brand-name clothes.
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