5 Ways to Save Money whilst Travelling
I love travelling. There are two things that prevent me from travelling more - time and money. Travelling is undeniably an expensive hobby. However, there are plenty of ways to save money – from daily budgets to prepaid travel cards. Here are five ways to save money whilst travelling.
Have a daily budget
One of the best and easiest ways I have found to save money whilst travelling is by setting a daily budget. We also encourage the boys to plan their own budgets too. Take into account everything you’ll need to purchase whilst you’re abroad, from accommodation to food and drink, and work out just how much you can afford to spend each day.
It’s the best way to keep track of your spending and ensure you’re not going overboard. You can also see if you have any spare money each day. This is especially useful if you are planning to travel long term. There are more tips here as recommended by The Secret Traveller, for those with long term travel plans.
Work whilst you travel
Why not make more money whilst you travel? There’s plenty of ways to do it, from working in the places you are visiting to earning money online, for example, blogging. The Expat Vagabond has a great article where he explains how he became a travel blogger and how he earns money whilst travelling.
For me, it is a dream that I can one day earn a source of income remotely whilst sitting on a beach somewhere. One of my favourite ways to earn money online is with Prolific Academic.
There are plenty of others ways to make money whilst you travel, especially if you’ve got more time to do so. If you’re successful in making enough money, you may even be able to extend your trip. Who knows – you might not even come home!
Stay in hostels
Forget about the luxury five-star hotels and spacious suites. If you’re trying to save money whilst you travel, a hostel may be the perfect option for you. In fact, many hostels now offer comfortable, clean and sociable accommodation that won’t break the bank. Some have dorm type rooms and some have private rooms - check carefully and make sure you opt for the option you would be most comfortable with.
Hostels are particularly popular with long term travellers as it caters to them perfectly – you can meet new friends with exciting stories and opportunities, in spacious, comfortable rooms that are clean and easily affordable. You might even find a new travel partner in the process.
Fly during the night
Don’t fly at peak times. Not only will it be busy and stressful trying to navigate the airport through thick crowds, you’ll also have to pay a lot more for the flights at ideal times. So, consider sacrificing a good night’s sleep in order to pay a lot less – flying during the night will be much less expensive.
Try and avoid the weekends, too. Plan your trip so you’re securing flights during the week, as you’ll again be securing the best deals.
We regularly book our travel independently rather than as a package. Most flight companies show the prices for travel one different days and at different times. We often start off our travel planning by looking at the cheapest days or times to fly (for us these are usually early mornings) and fit the accommodation and other aspects around this. This saves us loads - especially as there are four of us.
Use a prepaid travel card
A prepaid travel card is one of the best ways to ensure you’re not overspending and instead budgeting your money. These cards work in the same way a debit or credit card would, without the surcharges or the bad exchange rates that don’t give you much for your money.
Prepaid travel cards can be obtained when you convert your money at home, letting you load the desired currency upon said card and lock in the exchange rate so it’s unaffected by any future fluctuations. If you don’t want to carry around wads of cash, this is the best option.
How about you?
Do you have any more tips for saving money whilst you travel? Be sure to let us know in the comments below.
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This is a Collaborative Post.