6 Ways to Travel on a Budget - City Girl Savings (2024)

Traveling is not just for the rich and famous! If you think otherwise, it’s time to change your mindset. Traveling is amazing and everyone should at least try it once in his or her lifetime. The world is so big, so why keep holding off traveling until the “right time”? Many times, the number one reason why people decide not to travel is the large price tag attached to it. Well thanks to the squad at CGS, we have found six travel hacks to help you travel on a budget.

Purchase a Prepaid Phone

When you go somewhere internationally, sometimes the phone carrier can charge you more when trying to make a call or use data. In most cases, there is a roaming fee that all phone carriers have when making or receiving calls while traveling internationally.

Between cellular data, texting, and voice calls, the last thing you want to come back from vacation with is a phone bill sky rocketing through the roof. The best way to cut costs while traveling is to purchase a prepaid phone. Making this purchase will cut costs on your personal phone and give you the comfort of knowing you can make however many calls you need.

Compare lodging Expenses

It can be a bit of a headache trying to find the best place to stay while trying to maintain your budget. Many travelers are notorious to skip out on booking hotel rooms and use alternatives such as Airbnb, Homeaway, or OneFineStay. These alternatives tend to be less expensive when compared to the lodging expense of a hotel.

If you do prefer to stay in a hotel, then it is important to contact the hotels directly because sometimes the price listed online can be different from what the hotel is actually offering. Negotiating prices is not illegal, so do not feel like you can get more for your buck by negotiating for a cheaper rate.

Keep Souvenir Spending Low

It is only natural to want to bring a piece of your vacation back home with you. Occasionally, we find ourselves being carried away with buying everyone a souvenir. Although the gesture is thoughtful, you must always take into consideration the budget you wanted to stay under while vacationing.

The worst-case scenarios when splurging on souvenirs is either you buy so much that you have to pay extra for your checked in luggage, or you purchase so much you don’t have enough funds to enjoy your stay. Even the best budgeters can become impulsive shoppers on vacation because we do not think we will ever find anything else like the souvenirs we are purchasing.

If push comes to shove and you feel your impulsive bad shopping habits are about to take you away, try putting them aside and wait at least 48 hours. If that purchase is still something you want to make, then go for it. Always keep a limit in mind of what you want to spend on souvenirs. Wouldn’t you rather have more money for experiences? Check out CGS Podcast Episode #39: How to Stay in Budget While on Vacation for more tips on keeping your travel spending in check!

Eat Wisely

Just because there is food around does not mean you have to eat everything in sight. Of course, this doesn’t mean you should starve yourself, but keep in mind how often you truly do need to eat. Many travelers tend to underestimate the cost of dining while traveling. Take into consideration the taxes that may be additional on top of the meal itself.

Your spending will likely fluctuate from day to day, so remember to adjust your budget to avoid overspending. Break down your meals each day and identify the times you want to splurge.The trick to eating wisely is to know when to indulge and when to save. For breakfast, pack energy bars so you can save time and money in the mornings.

Limit Transportation

Depending on where you plan to travel, it is important to know where the hotspots are and how far they are from where you will be staying. When traveling on vacation, the cost to get from one destination to the other may cost more than the actual trip. It is important to plan your stay accordingly so money is not wasted. Thank goodness for Google Maps, because you can use it to help decide which places are centrally located. When you limit transportation, you are able to get the most out of what you spend while on vacation.

Research currency options

If you are traveling out of the country, you may be subject to foreign transaction fees, currency exchanges and more. Before heading anywhere, do your research to understand the currency options. If the currency is something other than the dollar, reach out to your bank or credit card company to see what their rates are for currency exchange.

You may want to invest in a credit card that waives foreign transaction fees. You can save yourself a lot of money by skipping those fees! Just make sure you don’t go to crazy with the spending on your credit card. Give yourself a limit and don’t exceed it. Otherwise, you will come back home with more debt than you should have!

Related: 10 Great Places to Travel on a Budget

Traveling is the next best thing to your grandma’s homemade cookies! Studies show that people who travel experience less stress compared to someone who never travels. What tips would you like to share with the CGS community when it comes to traveling on a budget? Have you tried any of the hacks suggested above, and if so, how did they work out for you? Like and follow us on our Facebook page, and do not forget to check out our other social media accounts Twitter and IG @citygirlsavings.

-Taelor
The CGS Team

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6 Ways to Travel on a Budget - City Girl Savings (2024)

FAQs

What is the most cost effective way to travel? ›

How to travel on a budget: Our 9 best tips
  • Come up with a plan.
  • Travel out of season.
  • Be accommodation-savvy.
  • Pack properly.
  • Book flights in advance…
  • 6. … and be smart about how you fly.
  • Embrace public transport.
  • Don't eat away your cash.

How much money should you save to travel for 6 months? ›

Just take that $20,000 and divide it by 12 months to set your monthly savings goal. You'll need to save a bit more than $1,600 each month to make that happen. Or, if you're looking to travel for 6 months, you'll need about $10,000, which means you'll need to save just over $800 a month for a year to achieve your goal.

How to budget and save money for dummies? ›

How to budget for beginners
  1. Calculate your total monthly income from all sources. ...
  2. Categorize your monthly expenses. ...
  3. Set budgeting goals. ...
  4. Follow the 50/30/20 budget method. ...
  5. Make changes to your spending habits. ...
  6. Use budgeting tools to track your spending and savings. ...
  7. Review your budget from time to time.
Jun 20, 2023

How do people save for travel? ›

Turn one big goal into multiple smaller goals

For example, if you've figured out that you need $1,000 for a trip coming up in five months, you'd want to save $200 a month. Or if you wanted to break it up into even smaller chunks, you could have a savings goal of $50 a week.

How can I vacation cheaply? ›

8 Tips to vacation on a budget
  1. Start with a vacation budget. Inexpensive vacation ideas start with a clear vacation budget. ...
  2. Plan ahead of time. ...
  3. Choose budget-friendly vacation destinations. ...
  4. Choose budget-friendly accommodations. ...
  5. Meet people. ...
  6. Do your own driving. ...
  7. Consider inexpensive activities. ...
  8. Save for vacations over time.

How to save $10,000 in 6 months? ›

How I Saved $10,000 in Six Months
  1. Set goals & practice visualization. ...
  2. Have an abundance mindset. ...
  3. Stop lying to yourself & making excuses. ...
  4. Cut out the excess. ...
  5. Make automatic deposits. ...
  6. Use Mint. ...
  7. Invest in long-term happiness. ...
  8. Use extra money as extra savings, not extra spending.

How can I save 100 or more when traveling? ›

Traveling on a Budget: 10 Tips to Save Cash
  1. Plan ahead. ...
  2. Create a budget before the trip. ...
  3. Travel during off-peak seasons. ...
  4. Check Groupon and LivingSocial for savings. ...
  5. Avoid hotels when possible. ...
  6. Look for discounts before you go. ...
  7. Travel with a friend. ...
  8. Don't be afraid to haggle.

Can you save $5,000 in 6 months? ›

Cut Unnecessary Expenses From Your Budget

“To save $5000 in six months, one must have a budget or it likely won't work,” said Christine Sager of Sager Financial Coaching. “Divide $5,000 by six months and that equals $833/month that must be removed from the budget or earned in extra income.

What are the 5 basics to any budget? ›

What Are the 5 Basic Elements of a Budget?
  • Income. The first place that you should start when thinking about your budget is your income. ...
  • Fixed Expenses. ...
  • Debt. ...
  • Flexible and Unplanned Expenses. ...
  • Savings.

What are the 5 steps to save money? ›

5 simple steps to start saving
  • Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  • Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  • Make saving automatic. ...
  • Keep separate accounts. ...
  • Monitor & watch it grow.

What are the first 5 things you should list in a budget? ›

That will give you the info you need as you start filling out numbers in your budget.
  • Step 1: List Your Income. ...
  • Step 2: List Your Expenses. ...
  • Step 3: Subtract Expenses From Income. ...
  • Step 4: Track Your Transactions (All Month Long) ...
  • Step 5: Make a New Budget Before the Month Begins.
Jan 4, 2024

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How much do I save for a trip? ›

Many people set aside 5-10% of their net yearly income for leisure travel, but this can vary greatly based on the type of vacations they're planning. Another popular budgeting option is the 50/30/20 rule: 50% of net income is spent on things you need. 30% of net income is spent on things you want.

What is the cheapest travel method in USA? ›

Take the bus – If driving is entirely out of the question, you can find bus tickets for as little as $1 USD from Megabus. Greyhound and Flixbus also have cheap rides all around the US. Rides under five hours are usually around $20 USD if you book early, and overnight rides usually cost $50-100.

What is the best way to travel for free? ›

If you're looking for tips on how to travel for free long term, volunteer opportunities and work exchanges are your new best friends. Simply sign up (most come with an annual membership fee of around $50 to $100), select the locations and industries you're interested in, and start contacting hosts.

What is the cheapest way to travel long distances? ›

Generally speaking, taking the bus or the train is the most cost effective way to cover a long distance. If you plan ahead, long-distance bus companies such as Greyhound and Megabus often offer discounted fares. Amtrak and other train companies also offer discount fares, especially when purchased far in advance.

What is the cheapest way to get around the US? ›

Here are 5 inexpensive methods of travel within the United States:
  • Use smaller regional airports over national ones. ...
  • If you're going a long distance, trains tend to be cheaper than flights. ...
  • Use credit cards for more daily transactions. ...
  • Take a bus. ...
  • Rent a car rather than drive your own.
Mar 23, 2024

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