The cost of travel isn’t getting any cheaper, but that still doesn’t mean seeing the world has to break the bank. Exploring new places on a budget means making the right choices before you go and while you’re away.

Here’s how to make your travel funds stretch further without missing out on special moments and experiences.

Pick budget-friendly destinations

Your choice of destination has the biggest impact on costs than any other factor. The key is to look beyond the popular hotspots.

Most major European cities will always be expensive, but you can get just as much culture, history and adventure in less-visited spots like Laos, Georgia or Bolivia. Granted, flights might be more expensive, but the cost of your experiences there should balance things.

Exchange rates matter, too. With a stronger home currency, you’ll get better value for every pound you spend abroad. Southeast Asia and parts of Central and South America are good examples, where you can get great value for your money.

Book at the right time

Flights are often cheaper when booked months in advance, but that doesn’t mean you should grab the first deal you see. Airlines adjust prices based on demand, so use flight comparison tools like Skyscanner to track fares.

Set price alerts and be flexible with your departure dates. Flying midweek or outside peak travel periods is usually cheaper. In some cases, a last-minute bargain might be available. Paying with a credit card for bad credit and clearing the balance before the deadline could help you build your credit score, too.

Accommodation follows a similar pattern. If you’re visiting a popular destination, book early to secure lower rates. But in places with a surplus of rooms, waiting until closer to your stay can sometimes land you better deals.

Choose affordable accommodation

Hostels, guesthouses and short-term rentals can be cheaper than hotels in some places. Hotels might be better value in others. Compare your options to see what gives you the most for your money.

House-sitting and home exchanges are worth considering, too. These may eliminate your accommodation costs entirely. Reputable websites like Trusted Housesitters connect travellers with homeowners needing pet or house care while they’re away.

If you’re looking for more than somewhere to sleep, platforms like Workaway or Worldpackers offer free lodging in exchange for a few hours of work per day.

Travel like a local

Transport can eat into your budget fast, especially if you travel like a tourist. Instead, use public transport like buses and metros which locals rely on daily. Renting a bike can also be an affordable way to explore without constantly paying for transport.

For longer journeys, overnight buses or trains save both travel costs and a night’s accommodation. Check for any transport passes that cover unlimited rides for a set period – these often cost far less than paying per trip.

Watch your spending on the go

Daily spending adds up quickly while travelling. Restaurants aimed at tourists charge far more than local eateries, so try to eat where locals do. It isn’t just cheaper, it’s often the freshest and most authentic way to experience a region’s cuisine.

Rather than eating out for every meal, get some snacks and essentials at a local supermarket to reserve your spending money for other activities.

 

Planning your next trip?

Then don’t forget travel insurance! You don’t want to get stuck paying a ton of money and ruining your trip if you get sick or have an accident without travel insurance. Our page with The 3 Best and Cheapest Travel Insurance on the Market can help you choose the right plan and will give you some discount coupons for the biggest insurance companies!

 

 Already reserved your hotel or hostel? If not, our article with The 6 Best and Cheapest Websites to Find & Reserve Accommodation can help you out. You’ll also find some promotions and discount codes.

 

 Still haven’t booked your plane ticket and want to save big? Take a look at our page with 16 Tips to Save on Flights where you’ll also find the 4 best websites to buy your plane tickets. 

 

And finally, will you need to rent a car during your trip? Then surely our page with The 5 Best and Cheapest Websites to Compare and Rent Cars Around the World will help you choose the best rental car and find a good deal.