Subscribe Now

travelers today

Home » News

How to Be Smart with Money When Travelling

Travelers Today       By    Ernest Hamilton

Updated: Nov 24, 2020 04:31 PM EST

Text Size: A A A

How to Be Smart with Money When Travelling

(Photo: How to Be Smart with Money When Travelling)

The travel bug is hard to ignore. So many of us are straining at the leash to get out and explore the world, experience new cultures and enjoy the experience of being a stranger in a strange land. Adventures of this kind broaden our horizons and teach us about ourselves and the world in which we live. But it can get expensive. The main obstacle stopping would-be explorers from jumping on a plane and exploring as many new destinations as possible is finance. So, how do you travel for cheap? What are the best ways to take care of your money when abroad in order to have the most fulfilling experience possible? Interested to hear more? This article includes some handy tips on how to be financially savvy on your travels.

Consider Exchange Rates and Compare Prices

Do your research before you leave for a new country. Can you save money by booking a flight at a different time or on a different day? Is there a banking app you can use that offers reduced fees and competitive exchange rates? Take a look at accommodation offers and late travel deals too - you can find some real bargains.

Work at Your Destination

Getting a short-term job when you arrive will not only help you to afford exciting experiences, but it will also give you a taste of what it's like to be a local. Look for opportunities online before you head off. Popular vocations include teaching English as a foreign language, farm work or fruit picking, bar work or working in a hostel. Be sure to make clear arrangements, keeping in touch with your chosen company or employer in the period before you set off to rule out any last-minute hitches.

Consider a Personal Loan

If cash flow is an issue, you may want to consider taking out a loan so you can afford to set off sooner. It's possible to get matched with loan options in less than 60 seconds, whether that's in order to get credit card debt under control before you leave or finance your journey. Just be sure that you'll be able to pay the amount back with interest within the time given.

Prioritize

Ask yourself what you really want to get out of your time abroad, then arrange your funds around these goals. For example, if you want to take in as much of the local landscape or culture as possible, you probably shouldn't be spending large amounts on your accommodation. However, if this getaway is more about getting a little rest and relaxation, stretching out by a pool or getting some much-needed pampering in a spa, your accommodation should take priority over other expenses.

Compare Practicality Against Cost

Sit down and think about how spending very little will affect your enjoyment of your travels. For example, is it worth taking a little longer to get somewhere if the transport is cheaper? Or will the delay mean you won't be able to fit in everything you wish to do?

See Now: The U.S. had the highest number of Most Wanted properties, dominating the Hotels.com Loved By Guests Awards 2018

© 2022 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Most Popular

6 Tips For Traveling With Young Children

6 Tips For Traveling With Young Children

Planning for a trip takes some time, even if it's just you g

How Traveling Can Make You Happy

How Traveling Can Make You Happy

If you have never traveled before but are thinking of doing so then

Scottish Islands: The Best Places to Reside!

Scottish Islands: The Best Places to Reside!

So there are a few islands that can be found off the Sco

How to Plan a Multi-Destination Honeymoon During COVID

How to Plan a Multi-Destination Honeymoon During COVID

You need to know how to plan appropriately and

7 Tips for Amazing Campus Visits

7 Tips for Amazing Campus Visits

A campus visit's significance could not be overstated. After all, fo

4 Tips For Curating The Perfect Gallery Wall

4 Tips For Curating The Perfect Gallery Wall

Having a gallery wall brings plenty of benefits to your

Water Travel Options That Don’t Involve a Cruise

Water Travel Options That Don’t Involve a Cruise

There is something equally relaxing and invigorati

Photo by Erik Odiin on Unsplash

Things That Will Help Cost-Conscious Vacationers Save Money

There are several ways you can significan

Photo by Mikhail Nilov from Pexels

How to Make Vet Visits Affordable in 2022

If the situation is minor, you might be lucky and get away

Photo by Tim Samuel from Pexels

Know Your Florida Driving Rules

There is so much to do in the region, but we want to focus on some of

Photo by Ging Ang from Pexels

Holidaying in your own Country: Try these Fun Trips!

Many countries are opening their borders, but if

Photo by Jessica Lewis Creative from Pexels

The Best Tech Tools for Expats

Here’s a quick look at most versatile tech tools for expats on the m

Photo by Tobi from Pexels

How to Turn a Road Trip Into A Luxury Adventure

But a road trip doesn’t have to mean living on the

Australian Citizenship Test: Everything You Need to Know

Australian Citizenship Test: Everything You Need to Know

Do you want to become a citizen of Australia

Hair transplant Istanbul: Why is it so popular?

Hair Transplant Istanbul: Why is it so Popular?

Getting a hair transplant in Istanbul is affordable i

What’s Going on with Rental Cars Right Now?

What’s Going on with Rental Cars Right Now?

They are incredibly expensive, and they’re also in sh

Role of Professional companies in International Trade

Role of Professional companies in International Trade

International trade holds great importance in a

The 5 Best Wines from Germany

The 5 Best Wines from Germany

Riesling is Germany’s best-known wine, but the country makes other fi

Here's Why You Should Go Camping On Weekends

Here's Why You Should Go Camping On Weekends

There is nothing like the great outdoors –– nature

The Best Tote Bags To Travel With in 2022

The Best Tote Bags To Travel With in 2022

Who knew you could pack your entire life away into one litt

7 Captivating Attractions for Kids in San Diego

7 Captivating Attractions for Kids in San Diego

San Diego is a magnificent place, and it would not be

travelers today

© 2022 TRAVELERS TODAY All rights reserved.

Subscribe to our newsletter
Real Time Analytics