Travel can be an expensive endeavor, and even modest weekend trips and regional road trips can add up quickly. However, implementing smart saving strategies and planning ahead can make your dream getaway more affordable.
Flights, accommodations and food are some of the biggest expenses. You can cut these costs by embracing local street foods and markets, traveling slow, taking advantage of public transportation and looking for free or low-cost attractions.
Stay at Budget-Friendly Hostels and Hotels
Staying at budget-friendly hostels and hotels is a key way to save money while traveling. While many people associate hostels with young travelers, they can be a great option for all types of travelers including couples and groups of friends. Many hostels have a social scene and can offer unique opportunities to meet other travelers from around the world. They also typically have more affordable rates than hotels and include a free breakfast.
In addition to staying at budget-friendly hostels, you should try to avoid dining out as much as possible. Eating out can quickly add up and be a big expense on any travel budget. It is a good idea to shop at local grocery stores and markets and prepare some of your meals at the hostel or hotel you are staying at. This can save you a lot of money in the long run and allow you to have more flexibility with your eating schedule.
Another thing to consider is traveling during the low season. This is typically during the winter in Europe or other parts of the world, but it can still be an amazing time to visit. Hotel prices are lower, and you will be able to experience the area in a different way than during the busy summer months.
It is also a good idea to try to book accommodation ahead of time when possible. This will help you save money as hotels tend to increase their prices at the last minute. In addition, booking accommodations through apps like Airbnb can often be cheaper than hotels. It is worth comparing the prices of hostels, hotels, and Airbnb before making a decision.
Eat Local Food
Eating local food is an important part of any travel experience, but it can also be a great way to save money. Instead of paying restaurant prices, visit local markets and street stalls to get an authentic taste of the region for a fraction of the cost.
When traveling on a budget, it’s important to plan ahead and stick to your spending limits. This means creating a budget before you leave and using it to guide your decisions during the trip. Having a clear limit in mind will help you pass up temptations like expensive drinks or splurging on upgraded accommodations. It’s also helpful to set aside funds in case you encounter unexpected expenses, such as an unforeseen medical expense or a canceled activity.
You can also save money by planning your meals in advance, as this will help you avoid overspending at restaurants and other eateries. In addition, you can try to eat a balanced diet, which will ensure that you’re getting the most out of your meal. If you’re staying at a hostel or spare room, you can also cook your own meals to keep costs down.
Another great way to save money is by taking advantage of free or low-cost attractions. Many cities host festivals and other events that allow you to experience the culture of a place without breaking your wallet. Check out the local calendar of events to find ones that suit your interests and schedule.
Many museums and other tourist attractions offer student discounts, so make sure to bring your valid ID card. Whether you’re a recent graduate or still a student, this tip will help you save on admission fees and enjoy your trip even more.
Stay Off the Beaten Path
Traveling off the beaten path has surged in popularity as travelers tire of overcrowded, commercialized destinations and seek out more authentic experiences. While it can be difficult to find off-the-beaten-path activities and attractions in popular tourist destinations, there are several ways to uncover hidden gems. These include conducting thorough research beforehand, connecting with locals, and visiting local tourism offices for insider tips. You should also keep in mind that you can get betters deals via a travel agency.
To immerse yourself in a destination’s culture, try eating traditional cuisine at family-owned restaurants and markets, or take a cooking class to learn how to prepare traditional dishes. In addition, art and handicrafts offer insights into a region’s history, traditions, and beliefs. Explore local galleries, workshops, and artisan markets to learn about the techniques and symbolism behind these crafts.
Be sure to pack a small backpack or duffel bag with essentials like toiletries and snacks. This will allow you to avoid expensive restaurant meals and eat on-the-go while saving money. Also, consider taking public transportation instead of hiring a taxi or Uber. Public transit is often cheaper, allows you to sightsee, and provides an opportunity to interact with locals.
One drawback of traveling off the beaten path is that you may not encounter other foreigners in your destination. While this can be a refreshing break from the crowds, it can also be an inconvenience for some travelers who prefer to spend time with other tourists. However, with the right amount of research and preparation, traveling off the beaten path can be an exciting and rewarding experience that will provide you with lifelong memories.
Walk as Much as You Can
It may be challenging to travel often, especially if you have a limited amount of vacation time or struggle with high living costs. However, a few simple tricks can make it easier to visit new places.
Walking can be an inexpensive way to explore a destination and save on transportation fees. In addition, it’s an excellent form of exercise that offers numerous health benefits. According to the U.S. Department of Health and Human Services, adults need 150 to 300 minutes of moderate intensity activity—like brisk walking—a week for substantial health benefits.
When traveling, make sure you have comfortable shoes and avoid walking on concrete or asphalt, which can cause painful blisters. You should also walk at various times of the day to see different sights. For example, the landscapes of a city might look completely different when you’re walking early in the morning versus late at night.
If you have a student ID card, take advantage of the many museums and tourist attractions that offer discounted or free admission for students. From ancient artifacts to contemporary masterpieces, these cultural institutions give you an insider’s look at the history and culture of a place without spending a fortune.
In addition to free attractions, many destinations host low-cost events and festivals that are a budget-friendly way to enjoy the local culture. From music and food festivals to museum openings and community gatherings, these events can help you experience a city’s unique energy while keeping your spending in check.
Whether you’re planning to travel on a budget or simply looking for ways to cut down your spending, it’s important to prioritize your goals and stay focused on the big picture. By staying on track with your financial goals, you can travel more and have more flexibility to spend on other things that are important to you.
Look for Free Attractions
Although splurging on upgrades or eating at restaurants can be tempting, there are plenty of other options to save money when traveling. A little bit of advance planning and a few smart decisions can help you see the world at a fraction of the cost.
If you’re ready to see the sights without breaking the bank, consider taking advantage of free attractions in your destination. Parks, museums and local markets are all great places to find fun and inexpensive things to do. Additionally, many major cities have a list of free events or activities on their websites, and you can often find similar information from your hosts or locals.
When visiting popular tourist destinations, the costs of admission to museums, zoos and white-knuckle theme parks can quickly add up. In addition, you’ll likely pay more for airfare and accommodations during peak season, according to the travel blog Budget Your Travel.
Luckily, there are many ways to cut costs and still have an amazing trip. By staying at affordable lodging, cooking your own meals and seeking out free activities, you can have a fabulous vacation that won’t require your entire life savings.
If you’re looking for more tips to help you make the most of your vacation dollars, check out my new book How Much Does It Cost To Travel The World? It delves into how different travel styles impact your budget and shows you how to maximize your savings using the right credit card rewards strategies. Plus, it discusses how to plot a route that balances developed and developing economies, a tactic that can extend your trip while saving you big on accommodation and food.