Explore the world on a budget: Tips and tricks
Are you ready to embark on a thrilling journey around the world - without breaking the bank? You don’t need to forgo your retirement savings or first home deposit to achieve your travel dreams.
Whether you're flying solo, jet setting with friends, or making memories with family, exploring the world on a budget is within your reach. Let's dive into some savvy travel budgeting tips and hacks that will help you satisfy your wanderlust – all while keeping your wallet in check.
Wanderlust vs. your wallet: how to find the balance
Before you start packing your bags, it’s time to get serious about striking the balance between your wanderlust and your wallet.
Research where you would like to go and start putting together an estimate of costs. Flights, accommodation, food, transport and insurance (don’t forget this!) all add up. It’s also wise to have some extra funds in case of an emergency.
Don’t be discouraged if your dream destination seems out of reach at first. There are likely amazing places nearer to home to explore. Another option is to extend the amount of time you spend saving so that you can have that once-in-a-lifetime holiday, even if it takes a while!
Flights: the early bird gets the worm
Airlines love early birds, and so should you! Keep an eagle-eye on flight deals by signing up for deal alerts and by following different airlines on social media. Flexibility with travel dates can save you a bundle – it’s amazing how much even just the day of the week can affect the price. A day or two can make a huge difference.
Hot tip: Check out a few flight comparison websites to ensure you're getting the best bang for your buck.
Nest for less: finding affordable accom
Luxurious hotels can be beautiful…but they’re not always within reach.
Once again, jump online and check accommodation comparison websites to find the best deal for your dates. You can check out AirBnB too, but make sure you read the fine print and are aware of any sneaky extras like cleaning fees.
How about camping underneath the stars? If you’re up for an adventure, this is one of the cheapest forms of accommodation – and it gets you right back to the serenity of nature.
Savour your savings on food
Sampling local cuisines is a delicious part of any travel experience, but dining out for every meal can eat up your budget.
Mix it up by indulging in street food and exploring local markets. If your accommodation has a kitchen, you can save some cash by making some simple meals at home.
Some places you’re staying at might also include breakfast, where you can fill up for the day.
The best things in life are free
Who said a good time always has to come with a hefty price tag? Embrace the many free or low-cost activities on offer. Hike a scenic trail, stroll through museums or art galleries on their free days, or simply take a walk around town and see where you end up.
Walking is one of the best ways to experience a city, but if you do need a ride, check the public transportation options. These are your wallet’s best friends! Jump on a bus or train, or rent a bike, for an affordable and fun form of transport.
Do you really need that?
The urge to splurge on souvenirs can be strong, but if you want to keep your budget intact, you’ll need a little bit of self-control.
Ask yourself - do you really need that little plastic keyring? If you really want to find a treasure that will help you remember your holiday, see what gems you can find at local markets.
Insurance is reassurance
Don’t ever set sail without a lifeboat! Travel insurance might add a little more to your upfront costs, but it’s absolutely essential. What might be a minor annoyance with travel insurance, such as having to claim for your emergency doctor’s visit or lost camera, can absolutely break your bank balance without it.
In addition to insurance, always have a small emergency fund set aside to help tide you over in any unexpected circumstances.
While you enjoy exploring the world on a budget, one principle reigns supreme: balance. Budgeting doesn't mean depriving yourself of unforgettable experiences. Instead, it's about making choices that align with your financial reality while indulging your wanderlust in smart and satisfying ways. So, as you plan your next adventure, keep these tips in mind and let your inner adventuress roam free. Bon voyage!
Share this article with any friends and family who are planning a getaway to share the wisdom!
The above article is general information and does not purport to give financial advice. The Mercer KiwiSaver scheme and Mercer FlexiSaver are issued by Mercer (N.Z.) Limited. Product Disclosure Statements are available free of charge at seatatthetable.co.nz.
