Travelling is such an exciting way to spend your free time. Opening your horizons to new experiences and cultures is a great way to reinvigorate your body and mind. But we all are aware of how expensive travelling can be. I know for me personally, it has put me off in the past when looking to book some trips over the fear of not being able to afford to do everything I would want to do while traveling. Therefore, today I am going to give you some of my best tips to save money while travelling.
Creating a concrete plan for your money is important. You will struggle to make any meaningful progress if you do not structure how you spend and save your money. For those who have not got a structured savings plan, starting with an assessment of your finances is a good place to start. Ask yourself, what are your needs verses your wants while traveling? Spending a night in a five-star hotel will be enjoyable but it will reduce the likelihood of being able to continue your adventures if your budget does not allow for it.
Having the right amount of money with you when travelling is critical so before you set out make sure that you have saved enough money through a consistent savings plan. Setting achievable goals based on your financial situation will help keep you on track with your saving targets. For example, you could set aside 10% of your pay cheque everything month to work towards that final goal you have in mind. Create meaningful milestones along the way to keep you motivated.
1Be a Flexible Flyer
If you are on a loose schedule, you can save a lot of money on flights if you do your research. If you investigate taking the empty flights at typically more awkward times of the day you will save a lot of money. No one likes getting on a plane at 6am on a Tuesday but if you do you could end up with huge savings that could found more time on the road. This is a great option for backpackers like me that regularly look for ways to keep myself adventuring onwards.
You can further increase the savings if you plan your big trip around the holiday off seasons. Flight prices will naturally be higher around May to September so avoid those months if you are looking to save some money. Going to warmer places in the months that are typically colder can help you avoid winter if you prefer hot weather as well. So, it is a win-win. Personally, I love to dodge winter by travelling throughout the festive season, when it is often cheaper than the peak summer holiday months.
Shop Around for Activities
When travelling it is easy to be pulled into the most popular attractions in that area you are exploring. While there is nothing wrong with going to popular attractions, because they are popular, they often cost more to see or participate in. This is not a concrete rule, plenty of beautiful monuments and museums are free. Do your research on activities in the area you are travelling too when you are on the road.
Being smart about what you go and do and see. Many tourist-friendly cities offer tourism cards. These cards can be a great option for those who are looking to save some money while they are visiting various attractions in the city. They can often include free entry to top attractions, discounts at some restaurants and shops, free transport, and even free guidebooks. This sounds great on paper but again make sure you add up how much all that stuff you want to do would cost next to a tourist card. Sometimes it can be fantastic value for money but if you are not going to take advantage of most of its benefits then it is probably worth passing on.
Big fancy hotels are lovely to spent time in, sure, but your budget will hate you for it. Decide to make use of shared accommodation with different travellers. Many cities provide cheap group accommodation so do your research into how you could save the most money. It might work out cheaper to get transport into the city centre from accommodation outside of the heart of the city. If you have a loose schedule this is a fantastic way to help your money go a bit further, then it otherwise would. How I often think about it is, which would I rather? Do I want to see 6 amazing countries or 1 because that is the difference expensive accommodation can make for serial travellers.
To summerize, there is a lot you can do to keep your expenditure down while exploring the world. Make sure you know how much you can spend at any point and be strict with it. If you spent to much in some areas, you would really struggle in others to experience everything you set out to do. Shopping around for cheap or free activities opens your budget and being a flexible flyer can open up even more possibilities.