How to Save Money is a monthly think fruitful series with helpful hints and tips for taking control of your finances. Get your free monthly budget template and 4 tips for traveling on a budget!
If you know me well, then you know that I love to travel. Especially if you know my family, then you’ll know that it practically runs in my blood.
My parents have traveled everywhere from Myanmar to Cuba, and my mom is the best travel planner I know.
I’ve been to about 10 countries myself and spent 4 months studying abroad in England during college (saving my pennies to travel to France and Germany during my stay). This year, we’ve already got 3 trips in the works (Asheville, Charleston and Maine if you want to know).
Like I’ve said before, budgeting influences every part of your life, and it can take a lot stress out of traveling.
Here are my 4 quick tips for saving money when you travel:
1. Start planning and saving early
Make sure to include your trip expenses in your monthly budget. In fact, you can even start to save a few months before the trip to spread out the costs. To do this, you’ll need to calculate what your travel expenses, food and transport will cost.
I enjoy starting to plan my trips months ahead of time, so I can make sure I have the time to do ample research. Start with your transport (plane tickets, trane tickets, gas budget), then where you will stay, then restaurant reservations.
Pro Tip: For plane tickets, I like to buy them about 2-3 months ahead of time. Although they used to say Tuesday was the best day to buy, now they say it’s Sunday. Also, check out Google Flights to see when it’s cheaper to fly if your dates are flexible.
2. Consider hotel alternatives
While hotels can be a great option for a relaxing and luxurious stay, I would suggest you compare prices with alternatives like Homeaway and Airbnb. I’ve found that I usually prefer to go through a home rental service because it’s often cheaper (especially with a bigger group), it’s roomier and you can have a kitchen, patio, etc.