Love to Travel but on a Budget? Save Money with These 8 Tips

July 17, 2023 | Diane Amato


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Do you have the travel bug but feeling the pinch financially? Not every adventure has to be expensive — and with the right amount of research, planning and flexibility, you can see the world without breaking the bank. Here are 8 tips to save money on

A limited budget doesn’t have to define the quality of your trip or the magic of your destination. These eight money-saving travel tips can help you indulge your wanderlust and explore what the world offers for less.

1. Be flexible with your dates

There are certain times of the year when travel is particularly expensive: March break, holidays and the heart of summer. If you have some flexibility, consider traveling in off-peak seasons. You might save on flights, hotels and rental cars, but the destination may be less crowded. If off-peak doesn’t work for you, try to play around with your travel days — a Wednesday to Wednesday flight, for example, can be considerably cheaper than a round-trip weekend route.

2. Pack light

The less you pack, the more you may save on airline baggage fees. On top of that, you may be able to advantage of public transit at your destination instead of feeling like you need a taxi/rental car to get from the airport to your accommodations.

3. Explore budget-friendly destinations

Southeast Asia — particularly Thailand, Laos, Vietnam and Cambodia — is renowned for being a bargain-friendly destination for international travelers. With inexpensive guest houses, great street food, free attractions and cheap transportation, it’s easy to soak up the culture of these fabulous countries even on the tightest of budgets. Some smaller countries in Central America (such as El Salvador, Honduras, Nicaragua and Guatemala) are also affordable options, as are India, Mexico and Portugal (although it has been getting busier and pricier in recent years).

4. Find affordable accommodation

Around the world, there is a bounty of cheap accommodations to be found. From guest houses in Asia to hostels in Europe and vacation rentals across the globe, many options cater to budget-conscious travelers. When you search for places to stay, avoid looking at popular chains and try to find accommodations slightly off the beaten path — you’ll likely find better deals there.

5. Eat like a local

One of the best parts of traveling is exploring your destination’s local food and culture. Instead of regularly eating out at restaurants, sample street food and check out the markets for an authentic taste of the country. These days, many travel bloggers and vloggers cover regional food with an eye toward what’s local and inexpensive.

6. Research free or low-cost activities

There is so much you can do for free when you’re exploring a new country. Stroll through ancient streets or hike through mountain trails. Visit the beach, local ruins, free museums and city landmarks or find “pay-what-you-can” attractions with low admission for curious travelers like you.

7. Plan ahead

Planning well in advance can give you the opportunity to save on flights and accommodations, as prices typically go up the closer to travel dates. While there are some last-minute deals, advance planning is usually the best way to save!

8. Use your points

Whether you earn points for cash back, travel rewards, merchandise or gift cards, there are bound to be ways to apply your points toward your next adventure. Look closely at your credit card redemption package to explore how your points may be used and which options get your points working their hardest.

While traveling on a budget poses some limits, it can help you explore unconventional options for your next vacation. Markets, restaurants, museums and theaters that fly under the radar can give you a true sense of your destination and offer an authentic, local perspective

 

Diane Amato is a Toronto-based freelance writer who loves to talk about finances, travel and technology.