How Not To Go Broke While Travelling Abroad?

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Do you daydream about traveling the world? Or maybe just fantasizing about a vacation to the destination of your dreams? Well, the good news is you don’t need to have a money tree growing in your backyard, but you do need to get creative when it comes to managing your finances and working with what you got. Sure, that sounds easy but how do you actually do it? How to save money when traveling abroad? This is one of the most common questions people ask me and here I’ll share a few tips I learned throughout my journeys. Let’s start!

Get a credit card that won’t charge any fees abroad

Getting a credit/debit card that won’t be charged every time you make a transaction abroad isn’t that difficult as many people think. For some reason, these cards aren’t heavily advertised by banks and hence, a lot of people don’t even know that they exist. Some popular choices include the Fingerhut credit card, the Chase Sapphire Preferred card, and the Charles Schwab debit card. The last one even refunds you in a case if a foreign ATM charges your account by depositing a sum into your account at the end of the month.

Set up a “travel savings account”

And keep it inaccessible from your internet banking so you don’t get tempted to spend the money you’ve been saving for traveling. Make sure that the only way to access the money by personally visiting the bank. You’d be surprised by just how effective this simple strategy is. I do it all the time and it works great for me.

Book Your Stay Smartly

Finding the right accommodation for your trip isn’t always easy and there isn’t a one-size-fits-them-all solution. If you’re a young solo traveler, hostels are a great fit. If you’re traveling with a family, apartments are the best option most of the time. Personally, I always try to find accommodation with either complimentary breakfast or a small kitchen, as this enables me to shave off some of my food costs. Finally, don’t forget to research the location of the neighborhood your hotel/apartment is located in. Transportation costs can also pile up rather quickly if you don’t take this into consideration. Finally, don’t forget that a lot of hotels offer reward programs that can get you some perks like a couple of nights of complimentary stay or a room upgrade. Hotels Combined is one of them and it gives you one night of complimentary stay for every 10 bookings.

However, these aren’t the only accommodation tips I have to give you. If you want to save even more on accommodation…

Utilize the benefits of WWOOF

The World Wide Opportunities on Organic Farms is a worldwide network that links volunteers with organic farmers. In return for their assistance, the volunteers usually get free accommodation, free meals, and of course, an opportunity to learn more about all the activities related to organic farming. Another interesting alternative that’s becoming more popular is…

Doing a home exchange

Swapping your home with holidaymakers that are looking for accommodation abroad is a great strategy for people that want to go on a vacation and not pay a dime for hotels or apartments. A lot of people still aren’t aware that this option exists or are aware but are skeptical about letting a stranger stay in their home. And these doubts are completely justified, but if you’re looking to save a lot of money on your next vacation, home swapping is a great option. Another great budget alternative is…

Vacation Rentals

Vacation Rentals By Owner is a website where owners rent their second homes. These vacation rentals can oftentimes provide a lot of privacy, space, and most importantly value for money. On this website, you can find more than 150,000 rentals in over 100 different countries. Last but not least, I can’t talk about budget accommodation if I don’t mention…

Camping in caravans

If you don’t mind sacrificing some of the amenities hotels provide, camping in caravans is probably the cheapest alternative you can find. The best part is that even if you don’t have a caravan, you can always rent one. There are hundreds of websites online where you can do this. However, don’t just expect that this will ALWAYS be the cheaper option. The overnight parking fee some national parks charge can sometimes be even more expensive than staying in a hotel when you combine all costs together. Keep that in mind!

On the other hand, if you don’t want to rent a camper, or are looking to travel longer, you could grab a shiftpod and turn any campground into your home away from home.

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