7 Important Money-Saving Tips for Travellers

“Travel is the only thing you buy that makes you richer.”

 

You don’t have to be rich for taking a vacation, but you need to be creative about saving money while you plan to travel. Most of us wonder how we’ll save up for our dream trip but trust us; we know how difficult it is to save money for travel. 

With the cost of living rising each year and unexpected expenses coming our way, it makes a challenging situation to think about a vacation.

The paycheck amount seems to disappear as soon as we get paid; this happens more when we don’t track our expenses. There are so many budget-savvy ways that help you save money, and you can easily take advantage of them. Saving for a holiday can be overwhelming if you don’t know where to start, but don’t panic, as this article will take away most of your worries.

 

Tip 1: Design a weekly or monthly budget: Make a spreadsheet and split the expenses into bills, grocery expenses, eating out/takeaways, and other expenses. Some expenses can be given away, and don’t force yourself to cut out on everything but only the amount which is not hard on the knees.

Try not to spend much on vices like alcohol, cigarettes, and coffee. Check out your entertainment expenditure on movies, books, music, sports, dates, etc. Things are much easier if you approach saving with the right attitude and see your financial situation right in the eye.

 

Tip 2: Budgeting your trip: It’s essential to work out how much your trip will cost you and affix a travel budget per day. An ideal long-term budget will require you to spend at least $1500 per month, including your accommodation and Cheap Flights to your selected destination.

 

If you choose to travel in the off-season, i.e. winters or summers, the cost will drastically decrease even if you choose to fly on an off-peak day; that will save some dollars to be utilized on the trip.

 

Tip 3: Constantly transfer money to your savings: Choose an account in which you can transfer the money saved constantly. You should not touch the money and get to the baseline amount you need for travel purposes. As soon as you earn or save extra money, transfer it to your savings account.

 

Tip 4: Develop habits that help you save money: 

 

1. You can get up a little earlier, skip the bus, and walk/ride to work instead.
2. Look for ride-sharing options which can save you a couple of dollars every day.
3. Learn to cook your meals instead of buying them; this habit can save you thousands of dollars every year.
4. Prepare excellent coffee and delicious avocado toast yourself and save money.

 

Tip 5: Cut on Accommodation Expenses: This may seem to be an extreme step in saving money, but it’s a highly effective one. If you think you’re paying more on the place you’re renting, you can move into a smaller apartment or cheaper neighbourhood. You can even ask a roommate to share the rent and bills.

 

Other travellers we know moved in with their parents to save money and rented out their homes to earn a few dollars. You can also list your home on Airbnb or VRBO or swap on Home Exchange. A trip planned for SE Asia helped them make more as travel costs were meagre, and they rented out their NYC apartment.

 

Tip 6: Checking on your utility bills: The significant chunk of the expenses spreadsheet will reflect the amount spent on the utility bills. They may seem to go northwards every time, but you have an option to swap between the providers. You’ll find many utility providers for gas, electric, and Wi-Fi services, and if you swap them, you may be able to save some dollars.

 

Also, keep a check-hand on the money spent on the gym membership, and if you’re able to train yourself at home, you may be able to save money by skipping it for a few weeks. Check out your expensive TV package, and if you can think of some option to fill your time, why not consider it is cancelling it for the time being?

 

Tip 7: Shopping around for Blockbuster Travel Deals: Many travel hacks exist which help you make your travel cheaper, and one of them is travelling in a group. Group travel helps you layout most of the expenses in advance, and you tend to see the bigger picture! You need to pay a lump sum at the beginning, covering most of your activities, including your meals and accommodation. You can estimate your extra costs and plan efficiently. What’s more beneficial is to tag your friends in the group travel with lesser costs!

  More Information: Flying to California! Get Cheapest Flight Deals to California