How to Save Money for Travel: Tips by Experts

How to save money for travel

So you’ve decided to go on that big trip you always wanted. You’ve been keeping an eye on your spendings and you’ve already looked at the best travel options. It was all good and exciting… until you added up the approximate total sum.  

Certainly, people who travel a lot must have super high paying jobs or come from well off families… right?

Well while that might definitely be the case for some, you’ll be surprised by how many average income earners (who aren’t travel experts) have traveled to dozens of countries just by planning their budget, saving for a trip and hunting cheap travel opportunities. 

The truth is, you DON’T need a high-income source to go to your dream destination.

There are many people out there who have made their travel dreams possible out of sheer willpower careful planning and finding the best ways to save. There are also many ways you can save money and travel at the same time.

Just get started

It might sound easier said than done but if so far traveling has been an idle dream of yours, getting started on the actual plan can take immense dedication and often feel like an uphill battle. 

If saving for a vacation is important to you, know that it will take constant income revision and solid habit building to get you on the right track and state of mind. The sooner you start the sooner you’ll leave. 

If you have calculated your overall budget and it seems like saving money will take longer than expected, you might want to look into a travel loan. 

If you do, you might as well do it the right way from the get-go.

Monily can help you connect to the right loan company based on the information you provide. This way you can avoid overpaying and be sure that you’ve made the right choice for your travel budget. 

To help you get started with planning your travel budget, this article will cover important saving tips, so you can rethink your travel plans from a fresh perspective.  

Here are the most important tips for saving.

Be an early bird

When I was working as a travel agent, I heard this phrase a lot: “I think I will just wait for the ticket prices to go down”.

While it’s true that the travel agency wants to sell the flight tickets ASAP, they’re not lying when they respond with “Sir/Madam, I would strongly advise you NOT to do that, the prices will only go up the longer you wait.”

The truth is that flights tend to be most inexpensive when you book between four months and three weeks prior to your departure date.

Airlines vary the price of their flights for a number of reasons, but it is mainly due to passenger demand. For some flights, the prices might fluctuate daily or even hourly, but when we’re talking about international flights – it’s a really good idea to consider booking as far ahead as possible to get the best deals.

It will also relieve you of constant price monitoring.

Saving tip: Airports rarely offer fair exchange rates.

Accommodation

Accommodation is one of the biggest fixed costs travelers can reduce and save a good amount of money while traveling. 

Heck, you can even keep all of it. 

If you’re not picky about where you sleep as long as that means more money for the important things, you’ve got options. 

Websites such as Couchsurfing, Global Freeloader, and Hospitality Club, offer an ingenious way of how you, as a traveler, can connect with the locals and experience their culture.

Not only you get a free place to catch some Z’s, but you also get advice and even tours to places which most tourists won’t know about.  And if you know a local, you will also know the best local food places, therefore, saving money on food.

That’s a pretty good deal if you ask me. 

And if you would like to make a social or ecological impact on a larger community in exchange for accommodation and even some extra cash, check out Worldpackers

Another fantastic option is to stay in a hostel

Hostels usually share their facilities with all its residents and the rooms are laid out in a dormitory-style. 

If you think that this is something for young people or that hostels are unclean – you’ve been believing a popular myth

  • Most hostels offer single or double rooms and if they become your go-to accommodation, you will meet many older visitors and even a bunch of families. 
  • And just like other types of accommodations, hostels are a business and that means their ratings, and income depends on good reviews as well as customer service. 

So it would be safe to say that a hostel with good ratings would be cleaned regularly and well. 

Extra tip: Chat to hostel staff for advice on what to see, do and where to eat. Local knowledge is the key to avoiding bad deals.

Cheap flight tickets - Monily.ph

Cheap flight tickets

As I mentioned before, one of the best money-saving travel tips is to book your flights in advance. Here are money-saving tips by experts.

  • If you live within a reachable distance of other airports besides your primary one, always check their prices as well. You can save up to 50% off short-haul flights. 
  • Speaking of short-haul flights, if you want to go overseas, it might be a good idea to travel to the nearest country which can take you to your intended travel destination for a much cheaper price.
  • Always use incognito mode when searching for tickets, this will prevent the websites from gathering your browser cookies and changing prices. 
  • Use the advantage of websites that look for special flight deals for you. Good examples are Travelfree.info and Secretflying.com which alerts you about awesome deals without you having to look for them.
  • Don’t be picky with the airlines. 
  • Be very flexible with your travel dates.

Book during shoulder or off-season

If you want to get a more authentic feel for your destination, save money on vacation and if perfect weather is not a top priority, you should consider off-peak season travel.

If good weather is kind of important to you after all, a good middle-ground is to look for shoulder season tickets (this is a travel season between peak and off-peak, especially spring and fall).

In Europe off-season generally spans the months of November to March, however, there are some exceptions.

For example, the coldest months in the Austrian Alps are considered to be in the high season due to the Alps attracting many skiers and snowboarders. 

Norway and Finland each have a low season that spans through seven months, while the low season for Sweden lasts just four.  

Regardless of the time of the year, the flight prices often go up during holidays and school breaks. So definitely do your research before planning your vacation to save money for your trip.

Skiing in Austrian Alps

You’ve probably guessed that there are more perks for traveling off-season

  • The place you’re going to be visiting won’t be mobbed with other tourists.
  • This also means shorter lines to popular attractions and more room of availability to visit them.
  • In many countries, the rates for your accommodation of choice will be significantly lower. For example, if you travel off-season to Dubrovnik in Croatia, you can save up to 70% on accommodation fees. 
  • If your intended travel destinations are very popular among tourists, this will distort the actual feel of it. Unless you go off-season when there are far fewer selfie sticks. You will be more likely to experience the place and culture in its true colors, just like the locals know it to be. 

Just make sure that you’ve planned everything well. 

It’s always a great feeling to know that you have a safety net in case something doesn’t work out. 

To conclude, there are so many awesome opportunities and advice out there that can save you a ton of money while traveling. If you have budget travel tips to share that you think are a must-know for all travelers, share them in the comments below and spread the knowledge.