Travel expenses can be significant, and it is essential to find ways to cut the costs so that your travels can last longer. Consider finding work during your travels and do your homework to find the cheapest ways to get around, eat and enjoy the places you visit.
Keep An Emergency Fund Set Aside
Keep money in a separate bank account for emergencies. Ensure you have enough money for a flight home or an overnight stay in a hotel. Never dip into your emergency fund unless it is essential. If you get a job on your travels, put a percentage of each paycheck into your emergency fund.
Make Your Own Meals
Avoid eating out regularly and visit local produce shops and markets to buy ingredients for meals. Limit eating out to once per week and shop around to find quality restaurants at good value for money. Take some cooking classes or look at tutorials online before leaving to ensure you can make meals with the ingredients you’ll find abroad.
Stay In Hostels
Avoid staying in hotels and choose hostels instead. Consider traveling in a group to cut costs and avoid sharing a hostel stay with strangers. Choose quality hostels and consider taking jobs like bartending or cleaning in the hostel to cut costs further.
Offer House-Sitting Services
Look for people who need a house-sitter in your destination. Check websites that connect people with odd jobs or house-sitting specific websites. Be respectful of the homes you stay at, cleaning up after yourself and caring for the space as you would your own home.
Find Seasonal Work
Look for seasonal work opportunities to get you a visa for desirable countries. Consider the H-2B visa program to get work in the US. Find an experienced immigration law firm like Farmer Law to help you through the visa application process.
Do Free Activities
Avoid visiting the more expensive tourist attractions and look for free activities instead. Visit parks, historical landmarks and monuments. Look for guides to free activities in your destination country and get to know the locals and the places they visit.
Rent A Bike
Avoid taking public transport, taxis or driving, and rent a bike instead. Many cities popular with tourists offer low cost, easy to access bikes for tourists to use. Ensure you buy or rent a helmet to keep safe while you explore.
Get Travel Insurance
Take out insurance to avoid unexpected large expenses. Ensure you have healthcare, travel and contents insurance. Look for an all-in-one insurance option to keep premiums low.
Keep Track Of Your Spending
Make a budget and watch where you spend your money. Review your expenses weekly and identify areas to improve. Plan how much you want to spend on different things like food, accommodation and leisure and stick to your budget strictly.