There are numerous way in order for most people to save money while travelling. While it can be a little complicated, it can be done. There will always be unexpected expenses that spring up here and there.
You will need airline tickets, visas, accommodation as well as general living expenses. The key to saving though is planning in advance and developing your own personal system for making it happen.
Purchasing as cheap an airline ticket as possible will get the ball rolling. You will need to put in some online time researching the different options available. To get the best price, you will need to start looking at flights from as far out as possible. The best prices are usually found 4 months in advance. Keep this in mind when you are planning when to go. And make sure you’re aware of the flight refund policy too!
If you have a nice little lump of money which will be your nest egg, then a fixed rate bond could be something for you to look at using. This is a “fixed rate” which will pay a guaranteed interest rate over a specific length of time. Therefore, you will know in advance exactly what you savings will earn you. In order to get the best deal here you will need to look around for the best fixed rate bonds.
Another way to try and save money while travelling is to visit a location or country that is cheaper to live in than your current location. This is a very common travel saving solution that many tourists use to the best of their ability. They can make their money stretch double or even triple than what it would at home.
By staying in hostel or cheaper budget hotels, you can cut out a lot of expense as well. At the end of the day, as long as your room is clean, safe and comfortable what else do you need. Having a “room with a view” isn’t a top priority for those looking to save money on their travels.
There are many financial options available, so take the time to look through them properly before deciding. Int erms of fixed rate bonds, BM Savings has plenty of options for those of you looking to invest in a fixed rate package.
Lastly, you should learn to eat where the locals eat. Again, the difference in money can be astronomical. Locals will eat in the shops that are not targeting tourists. In most South East Asian country like Thailand and Cambodia, you can get a delicious meal on the street or local restaurant for $2 and in a lot of cases even cheaper.
Keep the above few tips in mind if you plan on going away and you are looking to cut down costs or even try and save a few dollars!