How to Travel on a Student Budget (2024)

How to Travel on a Student Budget

I know it’s cringey and everyone says it, but travellingdoes not have to be expensive and is certainly not impossible on a studentbudget. Here are my top 10 tips to carry on travelling, even when money's tight!

1.WORK, WORK, WORK

Okay this seems like an obvious one but when I read postsabout travelling on a student budget, no one talks about where the budget iscoming from. In order to build up my money, I work in a supermarket whenI’m at home and am also lucky enough to have a job at the union bar whichis term time only. I know it depends on your work load and stress level butthere are so many ways you can work without committing to too many hours. Someof my friends do online tutoring which they find really easy and flexible, sothat works for them. Whatever it is, try and find a source of income so you canstart building up savings for travelling and other big expenses.

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2.BUDGET AT UNIVERSITY

The next important thing is to make that money (or yourstudent loan) work as hard as possible. I could do a whole other blog post aboutbudgeting at uni, I’m a bit of a tight wad. My mind set is thatI’d rather save money for bigger things than spend on extra clothes, eatingout and take away coffee. Although I do spend money, I limit myself to onlybuying things that I need (or have wanted for a long time.)

When deciding where you want to go to, think about all ofthe costs involved. Although getting to France from the UK is significantlycheaper than outside Europe, it has very high living costs. And althoughflights are expensive, once you’re in South East Asia, living costs areextremely low. A weeks’ worth of accommodation in Paris might end up costingthe same as a flight to Asia!! There are places with a good balance (east Europeis a great place to go on a budget!) and obviously it depends where you’retravelling from. But don’t just focus on the price of getting there. Shoparound and you can get some cheap flights to most places if you’re flexiblewith the dates.

4.STAY WITH PEOPLE YOU KNOW

I don’t mean impose yourself on someone without asking politelyfirst but USE YOUR CONNECTIONS PEOPLE. If you have family in Australia, a bestfriend is working in Germany or a flat mate from Argentina, go and stay withthem (with permission!) Not only does it normally mean free or relatively cheapaccommodation, it’s also a chance to experience a country with someone whoknows a bit more than you and can show you all the good spots. It’s also areally good excuse to catch up with those people while you’re visiting.

5.PACK LIGHT AND SMARTLY

These days, especially on cheap flights, the price ofluggage can sometimes be as much as your flight. If you’re on a weekend trip or2 weeks away with a friend, try to minimise your luggage as much as possible.Try to just use hand luggage or split the price of one suitcase and share it.Not only does this save money, it’s also a lot easier travelling with lessstuff (half of which you probably wouldn’t have worn anyway!) By smartly I meantaking things with you to avoid costs later on.

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6.CONSIDER THE LENGTH OF YOUR STAY

For some holidays, it makes sense budget-wise to keep it asshort as possible. If you’re tight on money but would love to go to Turkey orSpain, it would make sense to go on a shorter holiday. However, if you fancy along trip away, consider somewhere with low living costs, such as South EastAsia or South America. Although the initial flight is expensive, once you’rethere you may as well see as much as you can, as it doesn’t cost much to bethere. I really regret not going to Indonesia at the same time I went toThailand and Vietnam. I’d already paid the money to get to the other side ofthe world so I wish I’d made the most of it a bit more. Also consider the priceof moving about. If local flights, trains and buses are cheap, it makes senseto move around and see everything that you want to!

7.SLEEP CHEAP

In a lot of places, accommodation and food are also bigcosts that you need to budget for. Do this by hunting around a bit. A lot ofthe time Airbnbs are significantly cheaper than hotels, and hostels arenormally even cheaper than that! Don’t stay anywhere that you don’t feel safein, but these days, competitive pricing means you can normally hunt around toget a good deal. If you’re feeling really brave, look into companies and appsthat are specifically designed to help people save money while travelling. Coachsurfing is popular and a good way to meet local people.

8.BUDGET YOUR ACTIVITIES AND FOOD

Travel blogging and journalism is amazing these days. Foreverywhere you can go, I can guarantee there’s guides on best eats and thingsto while you’re there! Before you set of, search for the best things to do forfree/cheap and best cheap places to eat, there’s bound to be loads of amazingrecommendations that will probably steer you away from the expensive touristtraps. If you budget well, this will probably allow you to splash out on a fewthings that might cost a bit more but are worth it. An amazing meal or visitinga unforgettable sight is priceless in the long run.

9.CONSIDER WORKING/VOLUNTEERING

If you’re planning a longer trip, consider working/volunteering to help fund your travels. A lot of people try this when going to Australia,but don’t leave it to last minute because it’s a hefty process! This is similarto doing a ski season, we worked 6 days a week and got paid next to nothing butthe company we worked for paid for our accommodation and ski hire/passes forthe season. It was hard work but an amazing experience. There’s no way I couldever afford to ski that much, possibly over my whole life. I also met my amazingfriends (and boyfriend) on my ski season, so I guess that was worth it as well.

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10. STAY LOCAL

If you want to go away with friends/partner or family more for the experience of going somewhere new with them, rather than with a specific location in mind, then save money and stay local! Why not go to a city in your country you haven't been to before? Manchester? Leeds? Have you been to Dublin yet? How about a beach holiday in Brighton or Bournemouth? If you fancy a bit more history, what about heading north to York or Edinburgh? (Sorry for a very UK focused list!) The point is, these places all have so much to offer and would be a fab place to go for a few nights with friends during the holiday. It saves money, time and is more accessible for everyone. It always seems a shame to me, I've been to all of these places as I'm from the Britain. But I have friends that have flown across the world travelling but haven't even explored their own country. It's not as lame as it sounds, I promise. Especially with the heat waves we've been having!

*The only reason I haven't said London, because of course it's an amazing place to go and actually my closest city, is the PRICE. If you're on a budget, there are so many other big cities to go to with good shopping, nightlife and food for literally a third of the price.*

*Cough LEEDS cough*

I hope this helps some of you and you get the opportunity to see as much as possible! I'm sure I'll think of some more tips soon so look out for the sequel...

Laura

Keep Reading ...

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First Time in Southeast Asia: 6 Week Itinerary

How to Travel on a Student Budget (2024)

FAQs

How do you budget as a student? ›

Creating Your Budget
  1. Determine a Time Span for Your Budget.
  2. Choose a Tool to Help You Manage Your Budget.
  3. Review Your Monthly Income.
  4. Identify and Categorize Your Expenses.
  5. Save for Emergencies.
  6. Balance Your Budget.
  7. Maintain and Update Your Budget.

What is a good budget for Travelling? ›

Your budget for a vacation will, of course, vary depending on many factors. Many people set aside 5%-10% of their net yearly income for leisure travel, but your savings will depend on the type of vacation you're planning.

How do you travel the world on a limited budget? ›

10 Tips to travel the world on a budget
  1. 1.1 1. Avoid Peak Season.
  2. 1.2 2. Book in advance.
  3. 1.3 3. Purchase travel insurance.
  4. 1.4 4. Use public transportation.
  5. 1.5 5. Choose a hostel or apartments.
  6. 1.6 6. Travel light (avoid big baggage expenses)
  7. 1.7 7. Plan in advance.
  8. 1.8 8. Stay informed about offers and special discounts.
Sep 29, 2023

What are the 4 steps in the student budget? ›

Below are four steps you can use to budget money as a college student.
  • Calculate your income. The first step to budgeting as a college student is to figure out how you're going to pay for everything. ...
  • Anticipate expenses. ...
  • Create a savings plan. ...
  • Make adjustments.
Apr 23, 2023

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.

Why travel on a budget? ›

The less money you spend, the longer you can travel for. It's that simple. Having to budget and make your money stretch usually means you can keep going! It also means you travel slower, as you spend more time in one city and use buses and trains: so you get to see more of one country as you travel through it.

How do I make a travel plan? ›

  1. List your dream locations and choose your adventure. The first step in vacation planning? ...
  2. Plan your budget. ...
  3. Check your calendar and research dates. ...
  4. Book flights and hotels. ...
  5. Search for deals on activities. ...
  6. Build your ideal itinerary. ...
  7. Pack your bags. ...
  8. Research local customs.

How to start traveling? ›

First time travelers tips for planning
  1. Invest in good equipment. ...
  2. Purchase travel insurance. ...
  3. Plan your budget carefully. ...
  4. Brush up on safety tips. ...
  5. Talk to your bank. ...
  6. Consider camping, if possible, to save money. ...
  7. Do a work exchange program to stay longer. ...
  8. Consider traveling during off-season.

Is $100 a day enough for Europe? ›

So, you might be wondering - how much cash should I bring on a three-week vacation to Europe? You can use the costs in our table above, and the $100-per-day rule of thumb, to calculate how much money you'll need for your trip. So for a three-week trip, you'll be needing over $2,000.

How to afford more travel? ›

22 Ways to Travel More—Even On a Small Budget
  1. Take shorter trips more often.
  2. Take advantage of long weekends and holidays...
  3. 3. ... And shoulder seasons...
  4. 4. ... ...
  5. Go where—and when—the deals dictate.
  6. Prioritize inexpensive destinations.
  7. Work remotely when possible.
  8. Examine your prioritizes and eliminate expenses.

How to afford to travel full time? ›

Here are 13 ways to make full-time travel a reality.
  1. Figure out how much money you need. ...
  2. Put money into savings before you spend it. ...
  3. Follow a budget to learn how to travel full-time. ...
  4. Pay off debt. ...
  5. Create a vision board. ...
  6. Work while you travel and be location independent. ...
  7. Find jobs in the places you are visiting.

Can I get paid to travel? ›

Is It Really Possible to Get Paid to Travel? Sure, it is possible to earn money while touring, although it may not be as easy or common as some people imagine. There are several ways to start making some real income while traveling, but they often require special skills, experience, and dedication.

How to get a free plane ticket? ›

How To Get Free Flights
  1. Leverage Credit Card Signup Offers. ...
  2. Use a Credit Card to Earn Points or Miles on All Your Purchases. ...
  3. Check Out Frequent Flier Programs. ...
  4. Consider Dining Rewards Programs. ...
  5. Opt for Programs with Companion Tickets. ...
  6. Look for More Opportunities to Earn Points and Miles Toward Free Tickets.
Oct 26, 2023

How should a beginner budget? ›

Start budgeting
  1. Make a list of your values. Write down what matters to you and then put your values in order.
  2. Set your goals.
  3. Determine your income. ...
  4. Determine your expenses. ...
  5. Create your budget. ...
  6. Pay yourself first! ...
  7. Be careful with credit cards. ...
  8. Check back periodically.

What is the budget rule for college students? ›

Create a Budget Using the 50/30/20 Rule

Half of your income should cover the essentials like rent, food, and bills. This is your fun money, but keep it within limits. Future you will thank you for this. Whether saving for a rainy day or paying down a student loan, make this a habit.

What is a student based budget? ›

Student-Based Budgeting (SBB) allocates dollars to schools based on the number of enrolled students, where each student receives a funding “weight” based on need. This model can allow districts to increase equity, transparency, and flexibility.

How much should a college student spend per month? ›

According to the College Board, students can expect to spend around $2,932 a month (or $26,390 for a nine-month period) on living expenses for the 2024-25 school year. To break that number down, let's take a closer look at how much college students spend on food, housing, and other expenses.

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