6 Tips for Making Your Travel Budget Last

by 22 Feb, 2019

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Travelling offers people of all backgrounds the chance to get out and experience cultures which might be totally foreign to them. Whether you’re exploring for days, weeks or months, it’s vitally important you don’t run out of money. Let’s run through six ways you can guarantee your budget won’t expire while you’re off on your adventure.  

1. Eat Street Food

You’ll find street food is considerably cheaper than options you’ll get at restaurants, regardless of what country you’re in. These cheap eateries have low overhead costs, and as such are able to charge you a lot less for a similar portion size.

street-foods

Naturally, there are some health risks involved when ordering food from street vendors. Experienced head, Travel Dave, provides some top tips on the matter. He says to:

  • Avoid dairy products
  • Steer clear of ice
  • Never eat salad

The best advice is to try and eat from stalls which are popular with the locals. If residents are happy with a particular cuisine, there’s a great chance your stomach will also manage.

2. Plan for Every Day

It can be a challenge to plan out your entire holiday. Allotting set amounts of time and funding to events makes it easier to stay on top of things, but also restricts your enjoyment somewhat. As such, rather than writing out a full itinerary, simply set yourself a rough daily spend budget.

This way, you’ll be able to have a lot of freedom to choose your day-to-day activities, while also having the flexibility to make last-minute changes.

3. Take More Than You Need

Once you work out a rough daily spend, make sure to add another 20-25% on top of it. Having this excess money in your back pocket gives you a sense of freedom, letting you spend a little more than your cap if the situation calls for it.

money in Laos

As well as this, it might also be wise to have a separate bank account which you can tap into if emergency strikes. This should be unrelated to your main travel account, and only accessed as a necessity.  

4. Make Sure You Have Insurance

Finding yourself in need of medical care can set you back a lot of money. Hospitals stays are expensive – something which might particularly come as a surprise if you’re from a country which provides free healthcare.

If you head abroad without this additional support you could not only blow through your trip budget, but also your savings. Don’t worry if you forget to insure yourself before you head out. As CTI point out in their FAQs section, you can get covered even if you’re already overseas.

5. Don’t Get Conned by Tourist Traps

There are a lot of “famous” tourist destinations which aren’t all they’re cracked up to be. Often, these spots will charge a considerable amount, without providing much in the way of value. Far & Wide provide a slideshow which highlights some of the top offenders. These include the likes of:

  • The Blarney Stone
  • Stonehenge
  • The Statue of Liberty
  • The Taj Mahal
Sagrada Familia

Ultimately, seeing these kinds of iconic destinations is totally up to you. Just bear in mind they may not live up to the expectation or the price tag they come with.

6. Check Daily

It can sometimes be a painful experience to check your bank account after a big night. Sadly, when you’re working off a limited budget, it’s important to stay on top of things as much as possible. Check every day to make sure you’re still on track. If you’re spending too much, plan accordingly.

Keep these budgeting tips in mind and you should find your cash stretches that little bit further.