Traveling around the world is an opportunity that many would like to achieve but unfortunately don’t have the funds to back it up. When traveling, you want to make sure you budget your finances well and you save money where you can. If you’re unsure on how to do this, this expert guide will give you the rundown of the top methods on how to save money while traveling around the world. Let’s take a look.

Stay In Budget Hotels

Depending on where you’re traveling to, generally there will be budget hotels that are available to stay in. To help stretch you funds, it’s a good idea to research and collect the names of possible lower priced hotels which are available. If you don’t plan to stay in the area for too long, it’s better to spend $40 or less a night on accommodation than having to spend $100-$150 per night. However, it’s important to double check the area and if possible view the rooms online before booking. You don’t want to pay for a room if it’s in a high crime area. Some areas of the world aren’t as safe as others so use your discretion when booking hotels in advance.

Use Budget Airlines

When traveling abroad you have a number of different airlines that you can utilize to your advantage. Budget airlines are more affordable than more well-known luxury airline companies and can help save you money while traveling. Since you won’t be using airlines all that often, there’s no point in spending hundreds of dollars on expensive airline tickets when a smaller airline company is better. If possible, use frequent flyer programs to help save you money as well If you’re spontaneous enough, book your flights the day before to gain last minute deals and savings on tickets.

Understand The Exchange Rate Well

Many make the mistake of not really understanding the exchange rate when traveling to different countries. When transferring your money into different currencies you’ll either gain more money in the new currency or less money. If you’re traveling to a country where it will drop your finances greatly, it may be best to determine whether that country is worth visiting for a long period of time or whether visiting another country that converts into more money is a better option. By visiting countries that convert money to your advantage you have a higher chance of having more funds left over by the end of your trip. If you’ve almost finished your trip you can then decide if you have enough spare cash to complete the last leg of your journey with in a lower money exchange destination.

Work While Traveling

Working while traveling is a great way to earn and save money along the way. However, it’s important that if you’re planning to work while traveling the world, you need to ensure that you’re travel Visa allows you to do that. Not all Visas give permission to work while traveling. If you don’t have the right Visa and you work, you could be charged against overseas working laws. Working while traveling can be very beneficial.

Buy Attraction Tickets Online

In some cases, if you buy attraction tickets online prior to visiting the attraction, you tend to save more than what you would at the ticket box online. Some websites offer deals, coupons, and discounted ticket prices for certain attractions around the world. By utilizing these deals, you may end up saving a few dollars here and there which when added up will give you more back in your pocket. Most of the time the tickets are printable. All you need to do is find a place to print the documents and you’re set to go.

Walk, Walk, Walk

Depending on where you visit and how close it is to the places you want to see, walking is the best mode of transport to save money. While you can book a taxi or take the bus, this will cost you money. Instead if you feel fit, walk to your destinations. Not only will you lose weight, feel good about yourself, and be healthier, but you’ll also save money! It’s important to note though that some countries may not be as safe as others, so use your intuition and only walk if it’s safe to do so. Catch a taxi if you’re going to be returning at night.

 

When it comes to saving money while traveling these are just some of the helpful tips that you can utilize. By taking the time to really research and narrow down your options you can really save money to do more things. So are you ready to travel on a budget?

About the Author:

Anthony Briggs has worked with some of the major hotel chains in the world. He currently works for Tuki Retreat. He enjoys working in the hospitality industry and is dedicated to providing clients with the best accommodation experience available.