Budget Travel Tips: Dreaming of traveling without breaking the bank? We’ve got you covered with top-notch budget travel tips that have allowed us to explore the world while managing student loans. This guide will show you how to travel affordably, even on a tight budget.
If you’ve ever wondered how people travel full-time without financial backing, you’re in the right place!
Over the past 4 years, we’ve been globetrotting while managing substantial student loan payments. And no, we didn’t win the lottery or inherit wealth.
This challenge pushed us to discover and perfect budget travel strategies that made our adventures possible. Our aim is to prove that traveling doesn’t have to be expensive and that you don’t need to be wealthy to embark on your dream journey. If we can do it, so can you!
We’re here to share these budget travel tips, breaking down exactly how we travel on a budget.
22 Budget Travel Tips
1. Prioritize Saving Money
Saving money is a continuous process, but it’s crucial for funding travel while covering expenses like student loans. Over the years, we’ve managed to save enough to support our travels, save for future goals, and meet our daily needs.
We’ve compiled our best tips and tricks into this guide, demonstrating how you can save effectively and travel extensively without financial stress.
No matter the duration of your trip, setting a budget is essential. Without it, overspending is likely. Your budget can vary—sometimes we stick to a tight budget, while other times we allow for a bit more luxury.
Budgeting is straightforward and can be quite enjoyable. Learn how to create a budget that suits your travel style and goals.
2. Find Affordable Flights
Scoring great flight deals is possible with a few smart strategies:
- Track Flights Regularly
Sign up for flight deal newsletters and join Facebook groups that alert you to the best deals and mistake fares. Services like Thrifty Traveler and Dollar Flight Club are excellent resources. We recently found a round-trip flight from LA to Hawaii for just over $300! - Research Thoroughly
Start with Skyscanner to find the cheapest travel dates. Once you identify potential flights, compare prices on other platforms like Kayak and Google Flights.
3. Choose Budget-Friendly Destinations
Your budget will stretch differently depending on the destination. For instance, $5,000 might cover a month in Western Europe but three months in South America. In India, it could last even longer.
To extend your travels, pick destinations where your money goes further. We aim for destinations where we can travel on less than $70 per day for both of us, allowing us to travel longer.
For pricier destinations, plan carefully. Places like Iceland and Japan require more detailed planning to keep costs down. Consider factors like cooking options, affordable transportation, and budget accommodations.
4. Travel in the Off-Season
The timing of your travels can significantly affect costs. For example, visiting Croatia in July is expensive and crowded, while October offers better prices and fewer tourists. Traveling during low or shoulder seasons can help you save money and enjoy a more relaxed experience.
5. Track Your Expenses
Tracking every expense helps you stay within budget. From accommodation and food to transportation and activities, recording your spending ensures you stick to your financial plan. It might seem meticulous, but it becomes a habit over time.
There are numerous apps available to help you track your spending. Find one that works best for you and use it consistently.
6. Use the Right Travel Credit Cards
Avoid ATM fees with the right travel credit card. The Charles Schwab High Yield Investors Checking Account debit card is ideal—it has no annual fees and reimburses all ATM fees at the end of each month.
We use various travel credit cards for their benefits:
- American Express Platinum: Great for lounge access, Uber credits, and extra perks.
- Chase Sapphire Preferred: Offers a sign-up bonus and travel rewards. Consider the Chase Sapphire Reserve if you have excellent credit.
- Capital One Venture: Ideal for everyday use with a good sign-up bonus.
- Barclays Arrival Plus: Similar to Capital One Venture, with useful rewards and bonuses.
Find the Best Credit Card for Your Needs
7. Pack Light and Smart
Over-packing can lead to unnecessary baggage fees and inconvenience. Simplify your packing to essentials to make travel easier and more cost-effective. Traveling with just a carry-on avoids extra fees and streamlines your journey.
8. Manage Food Costs
Food expenses can add up quickly. Here are ways to keep your food budget in check:
- Take Advantage of Happy Hour: Enjoy discounted food and drinks at local bars.
- Try Street Food: Often inexpensive and authentic. Choose busy stalls to ensure freshness.
- Seek Local Recommendations: Instead of touristy restaurants, ask locals where they eat.
- Pack a Picnic: In expensive destinations, a simple picnic can save money.
- Share Meals: Split meals with companions to reduce costs, especially for large portions.
- Eat a Large Lunch: Lunch prices are usually lower than dinner prices, so make it your main meal.
- Avoid Tourist Traps: Restaurants aimed at tourists often have inflated prices.
9. Use Public Transportation
Opt for public transit—metros, buses, and trains—over taxis or rideshares. It’s cheaper and provides a more authentic experience. Renting a bike can also be a cost-effective way to explore.
Pro Tip: Research popular transportation apps for your destination, like Grab in Asia or BlaBlaCar in Europe.
10. Seek Out Free Activities
Even in expensive cities, there are always free things to do. Search for free attractions, explore local parks, markets, and free museums.
11. Connect with Locals
Ask locals about their favorite activities or hidden gems. Their recommendations can lead you to affordable and authentic experiences.
12. Cook Your Own Meals
Where possible, stay in accommodations with kitchens. Cooking your own meals saves money compared to eating out. In some regions, like Asia, food is inexpensive, but cooking still provides flexibility and savings.
13. Budget Your Splurges
When traveling long-term, prioritize experiences that are most important to you. Spend wisely on unique experiences while being strategic with other expenses.
14. Find Hotel Deals
Accommodation can be a major expense, but you can find great deals through various platforms:
- Agoda: Offers excellent deals and reviews, especially in Asia.
- Booking.com: Provides good deals with often free cancellation.
- Airbnb: Ideal for local stays and kitchen access. New users can get $55 off their first stay.
- Hostelworld: Budget-friendly hostels with amenities.
- Couchsurfing: Stay with locals for free. Research safety and tips before using this service.
- Camping: An affordable option with the right gear or local rentals.
15. Travel Slowly
Long-term travel can be cheaper per day than frequent short trips. Opt for longer stays in affordable destinations to save on transportation and enjoy a more relaxed pace.
16. Participate in Skill Exchanges
Volunteering or skill exchanges can provide free or low-cost accommodation. Websites like WWOOF, WorkAway, and HelpX offer opportunities for meaningful work in exchange for lodging.
Caution: Research programs thoroughly to avoid high fees or negative impacts on local communities.
17. Drink Tap Water
In many places, buying bottled water is costly and environmentally damaging. Use a Steripen to purify tap water, saving money and reducing plastic waste. For instance, we saved over $200 on a three-month South American trip using this method.
18. Stay Alert for Scams
Be aware of common scams in your destination. Stay vigilant, especially in transportation hubs and tourist areas, to avoid falling victim to fraud.
19. Earn Money While Traveling
Explore opportunities to earn money on the road, such as freelance or remote work. This can supplement your income and make long-term travel more sustainable.
20. Leverage Travel Deals and Discounts
Look for discounts on activities and attractions before you travel. Websites like Groupon and Travelzoo offer deals on local tours and experiences.
21. Utilize Student and Senior Discounts
If you’re a student or senior, many places offer discounts on attractions, transportation, and accommodation. Always carry your ID and inquire about available discounts.