Don’t forget to include expenditures on visas, travel insurance and vaccinations. If you’re traveling in Europe, we recommend getting rail passes on Eurail to save some money.ī has a useful list of average travel costs in a number of destinations around the world.ģ. For rail information, you can also get information and prices of train journeys on for destinations worldwide. Busbud is a great booking site to check costs of buses in worldwide destinations. If you are planning to rent a car, Discover Cars is my go-to website to book the cheapest car rental around the world. To get an estimate of transportation costs, learn how to get from one city to another, how long it will take, and how much each leg will cost. Budget for groceries if you plan to stay in a hostel or apartment with a kitchen. For meals, expect to budget more if you are staying in a hotel and eating out for every meal. Budget on a per-night basis or for the overall trip when it comes to lodging.Įven if you don’t know how long you’ll be at each destination, you can work out a daily cost based on room rates and meal costs. For budget travelers, you can find cheap hostels on for as low as $5 per night (you can get a clean and big room for that price in Egypt!). This is a great option if you are planning to travel in a group or have the space to cook and enjoy some privacy. A great alternative is Airbnb, where you can book short-term apartment rental and experience living like a local. Look for hotel rates on sites such as and. Once you have your destination figured out, check Lonely Planet guidebooks and to find the approximate cost of living in your destination. Estimate your expenses for accommodation, meals, and transportation. Third party bookers can mix and match from all available airlines (excluding budget airlines) to find you the best deal. You can easily get your RTW tickets directly with the airlines, but sometimes you can get a better deal by booking through a third party such as Airtreks. If you are planning an extended trip spanning across continents, booking a RTW (round-the-world) ticket can be a cheap and convenient way to fly around the world. For instance, flights to Bangkok are cheaper than flights to Singapore, so you can first fly to Bangkok and catch a cheap flight on a budget airline to Singapore. Sometime you can save hundreds just by taking a detour instead of flying direct. It’s also wise to be flexible on the route you take as well. If you just want to travel and don’t know where to go, Skyscanner has an “Explore” feature that allows you to put in your home airport and see what routes have the cheapest fares. For example, fly into London Stansted instead of Heathrow, or Long Beach rather than LAX to get cheaper deals. Instead of flying to a place with an expensive flight, fly somewhere nearby that is cheaper to get to. I usually use Skyscanner to search for flights in an entire month to get an overview of airfares and pick out the cheapest day to fly in that particular month. It’s always cheaper to fly during the middle of the week than on a weekend, or during a major holiday like Christmas. Airfares vary depending on the day of the week, time of year, and holidays. There are a few things to consider to get the cheapest flights.įirst, it’s best to be flexible with dates and destinations. Start with the biggest expenditure for the trip, which is usually the air ticket. Whether you are a novice or an expert traveler, keep in mind that you can travel the world without breaking the bank.Here are a few steps to take when setting your budget. How to Plan Your Travel Budget: Steps to Take It all boils down to what your priorities are. Your budget also depends on your travel style - you can save money by staying in hostels and couchsurfing to splurge on activities like scuba diving and bungee jumping. For travels through Southeast Asia, you’ll definitely need far less than if you were to travel through Europe or Australia/New Zealand.įor my first trip to Europe, I estimated an approximate expenditure of $2000 in a month while my three-month volunteering trip in Tanzania (where my accommodation and food were covered) only cost me around $1500, and my five-month trip through South America set me back at $10,000. Your destination will of course be the main determinant for your budget. Did you find this travel budget article useful? Did we miss out anything important?.Practical Tips to Help You Save Money for Travel.Start saving for the trip as early as possible. How to Plan Your Travel Budget: Steps to Take.
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