You do not have to wait until you win the lottery to see the world. By being intentional about saving money in every aspect of your trip, you will give yourself the opportunity to scratch your itch for wanderlust.
Here are seven ways that you can travel the world on a budget.
Prioritize Your Greatest Wants
Just like you prioritize your daily living expenses, you need to prioritize your travel wants and needs. Only you can decide what means the most to you in your travel experiences. For example, if you know that you will not be spending much time in your hotel, perhaps you want to cut costs here so that you can allot more cash toward special experiences? If you are a foodie, you probably want to prioritize the money that you set aside for dining out. Prioritizing what means the most to you will help you to decide where to direct your money so that you get the most out of your trip.
Research and Execute
There is no substitute for research and planning if your goal is to save the most amount of money possible. Start this process by figuring out how you are going to get to your destination. Sign up for as many airline fare scanning sites as possible to yield the best selection of options. You can also try perusing local message boards at your destination. Connecting with locals is a great way to learn about ways that you can save money when you arrive.
Leverage a Rewards Program
Do not discount the power of a travel rewards program. If you have a good credit score, you may be eligible to apply for a rewards credit card that will yield a significant amount of airline miles. Being able to apply these rewards to cash in for free flights can make a big dent in your overall travel costs, helping you to bring down the price of your trip significantly.
When it comes to saving money on travel, it pays to think outside of the box. Instead of looking at travel as a cut-and-dried booking experience, think of ways that you can mix your trips with business to fund your adventures. For example, perhaps you want to spend a summer working abroad? Not only will you earn money, but you will also gain valuable life experiences while traveling the world. Not every trip has to be a cookie-cutter vacation experience. Getting creative with how you explore the world around you will help you to pay for these experiences.
You cannot expect to find great deals if you are rigid on your travel preferences. Being flexible with travel dates will go a long way in helping you to secure the very best prices. If you have the means to be flexible with last-minute trips, you will score significant savings. There are a number of travel scanners that will alert you when great deals pop up at the last minute. Let these sites do the work for you by signing up to receive the alerts that fit your parameters.
Save on Lodging
One of the biggest costs to any trip budget is the lodging. The good news is that you can take steps to reduce the line item on your budget. If your goal is a value-driven trip, you are going to need to say goodbye to the all-inclusive resorts or high-end boutique hotels. There is no shame in choosing a basic no-frills chain motel if your goal is to save money. If you are a student traveling internationally, be sure to look into a hostel experience for the best value. Renting timeshare points is another way that you can bring down the costs of your lodging while still enjoying spacious accommodations.
Dine In and Not Out
The money that you spend on food and drink while traveling can be a big budget buster. The cost of three meals out each day will really add up in a short amount of time. You can help to alleviate these costs by booking a lodging option that includes a kitchen. Even a small kitchenette will provide what you need to be able to prepare some meals where you are staying. If finding a place with a kitchen is not possible, you can at least book a hotel that offers a complimentary breakfast or evening reception. Every little bit will add up when you are looking to travel on a budget.
Employing these seven tips will help you to check off every destination from your ultimate travel bucket list.