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If you’re interested in traveling but your current budget is somewhat limiting, you’re probably wondering if it’s possible to travel on a budget. How do you reduce the cost of flying? How about reducing the cost of your accommodation or apartment? And food can be so expensive in new places, so how can you reduce the amount of cash you spend on it?
I’ve got some suggestions if you’re struggling, as well as some advice from some industry experts who know a little about travel from their own experiences. If you think we might be able to offer some help, please feel free to continue reading. We are going to explain everything you might want to know about traveling on a budget.
Off season trip
According to Vincent R. Chan, Christina’s Chief Financial Officer, off-season travel can be one of the best ways to save money. “Instead of waiting for the peak travel season,” begins Vincent R. Chan, “try to organize your travel plans during the less expensive times of the year. It might be less pretty or sunny, but it’s also less busy and hot.” Although your photos and views may be slightly less than perfect, traveling on a budget allows you to see a lot more than not traveling at all.
Mark Twain also encourages us all to travel more when he says, “Twenty years from now you will be more disappointed by the things you didn’t do than by the things you did.” This strongly suggests that you should remove every possible obstacle in your way when it comes to travel. Instead of regretting not traveling in the future, take advantage of the opportunities you have now and you probably won’t regret it.
Book flights in advance
Maestro CEO Ari Evans says it can also be helpful to book your flight in advance. Ari Evans explains, “Try to schedule your flight relatively early. The closer you get to the day of the flight, the more it is likely to cost. Airlines know you’re more desperate for a flight the closer you get to takeoff, so don’t let them play you.”
Booking flights in advance, even several months in advance, can save you a lot of cash. It also seems to give you a fuller understanding of your options, allowing you to make a smarter decision with your cash. And an added bonus? You can let work know well in advance that you’ll be traveling, taking a significant amount of stress off everyone’s shoulders.
You may also want to avoid flying on weekends, instead opting for less expensive midweek flights. “Have you ever flown with a plan on a Tuesday?” asks John Cheng, Co-Founder + CEO of Baotris, “Not only is the flight less likely to be full, but you’ll also be able to save a lot of money by avoiding weekend supplies.”
There are several ways to save money on your airfare, and deciding to fly midweek can be one of the most effective. This may even apply to you, even if you’re getting relatively close to your flight date, so consider this option if you’re planning to travel on a budget.
Don’t fly for Business Class
Not everyone is used to flying in style while traveling, but in case you generally fly business class, you might want to save that luxury for when your finances are more flexible. According to Benable CEO Tony Staehelin, it might be best to fly economy if you’re on a budget. “I know flying business class can seem tempting,” agrees Tony Staehelin, “But it’s not really worth it at the end of the day. Just take the finances. I promise you’ll be fine and well taken care of, even if you spend a little less on your ticket.”
While a little extra elbow and leg room might be nice at first, you won’t be able to appreciate it anymore after the flight is over and you’ve arrived at your final destination. It might be better to spend your cash on luxuries that last a little longer, especially if you’re strapped for cash.
Take advantage of Public Transport
You can also consider using public transportation while traveling. “I love taking public transportation to new cities and countries,” exclaims Staci Brinkman, founder and CEO of Sips by. “You save money, you see the place more from the locals’ point of view and you don’t have to worry about driving. It makes sightseeing so much easier.”
Car rental and carpooling can be quite expensive, although they have their place in our travel needs. However, if you don’t have a lot of time and really want to save money on your trip, public transportation might be the best way to go.
Plan your itinerary in advance
You might also want to consider planning your itinerary ahead of time, at least according to Cody Candee, the founder and CEO of Bounce. “I find that figuring out what you’re doing in advance, even loosely,” begins Cody Candee, “really helps you avoid unexpected expenses. You can see how much lunch costs in the area, the cost of public transport, and any entrance fees.”
Avoiding unexpected expenses is essential when it comes to enjoying your budget, so be sure to plan ahead what you would like to do in each city or country. Not only will you save some cash, but you’ll also feel guided and confident because of your well-thought-out plans.
Be flexible with your accommodations
According to Anthony Bourdain, chef, author and travel documentarian, you don’t have to travel in comfort. Bourdain says, “Travel isn’t always pretty. It’s not always comfortable. Sometimes it hurts, it even breaks your heart. But that’s okay. Traveling changes you. it should change you. It leaves marks on your memory, your consciousness, your heart and your body. You take something with you. Let’s hope you leave something good behind.”
Speaking of trips that are occasionally less than perfectly luxurious or comfortable, Alex Wang, CEO of Ember Fund, recommends staying in a hostel. “Instead of staying in a fancy hotel,” says Alex Wang, “Try staying in a hostel. You’ll probably feel relatively comfortable, and you’re probably not visiting a new place just to hang out in your hotel room all day.”
Remembering that you are not traveling for your stay is crucial when traveling on a budget. Instead of paying for the thread count of your bed sheets, pay attention to costs that will be much more valuable in the long run. Make memories instead of spending on luxury, and you’ll be much more likely to appreciate it.
Cook for yourself
Do your accommodations have a kitchen? Are you near a supermarket? Don’t be afraid to take advantage of your surroundings. “Depending on where you plan to stay,” begins Jason Panzer, President of HexClad, “you may have access to a kitchen. If you want to cook for yourself to reduce food costs, definitely try to take advantage of your living situation. Every country will have a supermarket, guaranteed.”
Or, for those who aren’t ready to do much cooking on their trip, Kevin Callahan, the co-founder and CEO of Flatline Van Co., has another suggestion. “Many grocery stores or supermarkets have prepared meals in some capacity. Most of the time, these options will be much less expensive than going to a restaurant for every meal. If you’re on a budget, these meals will be your best friend.”
While the idea of eating supermarket meals isn’t ideal, it’s a great way to save some of your cash. If you are ready to try some of the local cuisine, be sure to choose carefully and carefully to ensure that your experiences are truly worth the money.
Earn while you travel
If you’re the type of person who feels restless without working, you might also consider working while traveling. This is suggested by Jorge Vivar, Mode’s Creative Director, who says, “So many jobs will allow you to work from anywhere as long as you have a computer with you. If you’re really worried about costs while traveling, it’s definitely not a bad way to take some work with you. It’s also a lot more manageable than you might think.”
Just by bringing a laptop with you on your trip, as well as setting aside a few hours a day to get some work done, you may be able to stretch your budget by a significant amount. Or, if you can’t take your regular work with you, consider taking on some contract assignments. This is super simple to do if you’re into writing, graphic design, or even simple coding. The options are more extensive than you might initially expect.
If you’re traveling on a budget, good luck! You deserve to have great experiences while you’re out in the world, no matter your cash constraints or age. Hopefully this guide was helpful and gave you some ideas on how to plan your next trip!
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