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Do you dream of a wonderful trip around the globe but don’t have enough money? Your budget is the last thing you need to worry about when on vacation. You could easily spend too much and end up short if it’s not planned in advance. Saving money is a great way to travel and may even allow you to extend your trip. It’s important to make smart decisions.
There are many things to be thankful for in the world. You don’t need to be rich to travel. All you need is to learn how to make what you have work harder.
You’ll be able to quickly see how easy it is to travel with a budget by identifying the hidden costs that you can avoid in order to save money and will be able to plan an amazing trip without spending your entire life savings.
These might be called “travel hacks to reduce costs” but we prefer to call it “good plan!”
1.Be flexible with your travel dates
There are many airlines which offer great discount fares on certain days of the week or in. Be more open to options and have greater flexibility to choose the day at the lowest price.
You can also search for flights without a specific date by using the “Low Fare Calendar” search option that most airlines provide. This will display the cheapest days to fly. You can save lots of money on tickets by letting the price decide when you fly.
Book your tickets early and don’t wait too long.
Many travelers book tickets too soon because they believe that bookings are better if done early. Another myth is that flight prices are cheaper if booked last-minute.
You should book your flights at least three to four months in advance. It can be a big money-saver to let price dictate the days you fly!
2. Travel in the “off” season
The “off” season is the best time to travel. Many destinations have “off” season, which are times when there is less tourism. Book your flight in the low season. You’ll get better deals if you travel off-season. Avoid weekends and plan your travel from Wednesday through Wednesday, rather than Friday through Friday.
Avoid traveling during the holiday season, as well as before or after major holidays such as Christmas, Easter, Thanksgiving and New Years. If you travel to your destination during the off-season, everything will be less expensive, from souvenirs to accommodation to flights.
3. Fly Strategically
Many times, people don’t want the flight they are paying for. These hopper flights take 15+ hours to reach your destination, and have long layovers.
Many people don’t like flying that isn’t directly, or where they have to change planes several times, or spend hours waiting in airports, but that’s not the only way to travel. You should look for flights that have layovers in the places you want to see, and then choose the ones that give you at least five hours of exploration!
Sometimes, buying separate, indirect flights can be more affordable than purchasing direct flights. You may be able to find great deals by looking at your options and comparing flights from different cities. You don’t want to pay for a ticket that you won’t use if your first flight is canceled.
4. Fly “less”
What does this mean? This refers to the principle that you should stay longer in one country, or region, than traveling to as many places as possible.
Instead of packing a lot of flights to different destinations and spending all your money on airfares, pick a few and spend more time there.
You’ll not only save money but also be able to experience these places better and get a deeper understanding of them. You can also save money on lodging and food. But more later!
5. Consider housing options, from hotels to hostels to AirBnb or couch surfing
Hostels are places where travelers can rent a room for the night in a dormitory-style setting.
If you are comfortable sharing a room with others, staying in a hostel can help to reduce the cost of travel. Hostels are a great way to save money and meet new people.
Hostels offer a fraction of the cost of hotels by offering communal living spaces, kitchens and lounges as well as free tours of the city. Check for various hostels online. You’ll also have the ability to see reviews and ratings from other travelers to help you plan your trip. It will be easy to find the perfect price for you!
Tip: You won’t need to worry about finding a laundry facility if you book hostels that offer low-cost or free laundry.
Sometimes the places we wish to see are not near large cities that have hostels. In such cases, AirBnB could be a great money-saver. Locals may be willing to rent spare rooms or entire houses outright. You can find them on AirBnB.
The app is great and one enjoy being able meet locals in an intimate setting. AirBnBs located in remote areas will often offer breakfast as part the package. This means that you don’t have to worry about going out for meals if you choose to stay there. This is something you should pay attention to. If you book a place that offers a complimentary meal, you will save time and money while traveling.
6. Carry an empty water bottle
An empty bottle will get you through security at the airport. You can then fill it with water from any fountain. This will save you between $3-4 per day.
7. Save money on food
Staying in an apartment is a better option than a hotel. You’ll be amazed at how much you can save on food. You don’t have to pay for room service, but it can be expensive to eat outside. Apartments that are fully furnished can be more affordable than hotel rooms, and you will feel more at ease.
Another option is to look for a hostel offering a complimentary breakfast. A private room at a hostel is still a cheaper option than a hotel.
Cook your own meals instead of ordering from restaurants.
You can shop at your local markets or grocery stores, and then you can prepare your meals in the hostel’s kitchen.
Another benefit of staying in a hostel/AirBnB that offers cooking facilities is the ability to save money and prepare your own meals. While this may take some planning and extra time, it will save you a lot of money.
It’s a smart idea to bring some essential cooking items with you if you travel to new places frequently.
Tip: If you are like me, you will crave coffee or tea every single day. This can be expensive, especially if it is sold at cafes. I recommend buying a small coffee press, a bag of ground coffee and then making it myself. It will make you feel so much better if it is possible to prepare a cup of comforting coffee at any hour, from anywhere.
Eat local foods
It can be tempting to cook the food you love, such as the one you make at home. But, it can also be more costly than learning the way the locals eat.
People love to share their culture so make sure you take advantage and are open to learning and trying new things.
Share meals with others
Try to find a way to share meals with fellow travelers. Everyone needs food, and many people who meet in hostels will also be hungry.
I loved the time we spent together, buying a portion of a meal and then cooking it together. It was the best way to bond with fellow travelers.
After a long day of exploring or volunteering, this is a great activity that all can enjoy. It also saves money by not having to cook.
8. Be aware of the location where you are staying
You can spend a lot on transportation, so planning your vacation in a central location will help you save money. This will help you locate a good deal on a property in a central area.
You will need public transport to get to the city if you live in the suburbs. If you are going out at night, you’ll need a taxi. The best place to live is one that you can easily walk around.
Walking is a fun way to discover a new place. Walking is a great way to see the sights that you might not have seen if you are traveling by bus, train, or car. You’ll also save money on public transport.
Ask local people for everything.
Locals are the best people to know your city. Ask them about the best places to stay, great restaurants, and other local attractions.
9. Save money on tourist attractions and other adventures
Enjoy free attractions –
You should be aware of the opportunities available in your area and not be afraid to take them. Many cities offer free walking tours and pub crawls. Hiking trails in the countryside are always fun and free.
You will always want to see or do expensive things. By spending more time on the free-access items, you can save money on the big-ticket tours you desire, while still having tons of fun.
Tip: Check with your host or the front desk to get a map or recommendations about the best tourist attractions in the area. Your host(s), or any other person, will be able provide you with a wealth information and may even have useful recommendations.
Use student discounts –
It’s a good idea to inquire if certain tourist attractions offer a student discount.
Many museums and other places of interest offer substantial discounts to students. In some cases, especially when there’s a university near, some restaurants offer students a discount on food and drink. To save some money, all you have to do is to ask around.
You’ll need it to obtain the lowest price, so make sure you have your ID card handy. Some City Passes may offer discounts. This will allow you to access a wide range of tourist attractions in your area.
Use public mode of transport used by the locals there. This is a fun way to explore the place and its culture thoroughly.
Use ride-sharing apps
Transport is always expensive. You can save money by sharing rides with locals on ride-sharing websites such as Blablacar, etc.
10.Save on foreign currency exchange
While using a debit card is more affordable than using a credit card, you will have to pay additional commission fees for withdrawing money overseas. If you are withdrawing a greater amount of money, it may be better to not do so.
Be smart about currency exchange. Some ATMs abroad offer the option to withdraw in local currency or your local currency. Always choose the local currency.”
Don’t exchange money at airports. It is best to get the currency you require from your local bank before you travel.
Always use a credit card that has no foreign transaction fees and be cognizant of currency conversions.
Always use a credit card with no foreign transaction fees. Otherwise, you’ll most likely pay 3% or more on top of all your purchases. Although it may seem that your home currency (e.g. US dollars) is the most convenient, but the exchange fees charged by stores who do this are higher than what your bank charges back home. “So always pay with the local currency.”
11.Use effective search engines
It will give you a breakdown of the distance, travel time and price for each route. Do you want to know if you should travel by bus, train, or plane to get there? There are search engines which will show you all the options and the most cost-effective way to get there.
12. Track your expenses before your trip and set a daily budget.
Tracking your actual travel expenses at home, and while traveling before your next trip, will give you a much clearer idea of where your money goes. That way, you can make a realistic travel budget for your upcoming trip.
It can be a complete eye-opener,” he said. Use Budgeting apps which are easy to use, and at the end of the month, you’ll have clear stats on your expenses. This will help you stick to your daily budget during your travels.
FAQs about Saving Money While Traveling Abroad
How can I save money while Travelling abroad?
1. Keep a record of your spending.
2. Make a Recurring Savings Account.
3. Take a home-made lunch to work.
4. Make sure you have a good cell phone plan.
5. Get Coupons with Apps
6. Don’t upgrade your tech toys until after you return from holiday.
7. You must pay your credit card bills on time. And many more…
How can I save money while on vacation?
1. Book your plane tickets in advance
2. Avoid the peak season.
3. Plan meals and budget for eating.
4. Locate a home with a kitchen.
5. Public transportation is a good option.
6. Take a look at our rental car packages.
7. You might prefer a rental property to a hotel.
8. Check exchange rates.