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8 Awesome Travel Budget Tips for Frugal Travelers

The idea of a travel budget is always an interesting topic of discussion. Saving enough money to do everything you want to do can be a challenge, and the thought of missing out on something can be even worse. Having an incredible holiday experience is all about finding the right credit card deals and setting a travel budget to work towards.


To start budgeting a little smarter try these seven tips for your next holiday so you can get ore for less.


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Awesome Travel Budget Ideas When You Want More for Less

Start With A Plan


The best way to keep on top of your travel budget is to know exactly what you want to do on your holiday. Once you have a plan for exactly what you want your holiday to look like, you can do your travel research to find out how much it will cost.


This plan gives you the basis of your budget and allows you to know exactly what is required to achieve your travel dreams. Capture the information in a document like a spreadsheet so you always have a copy saved.


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Consider a vacation loan


For many people, the cost of travel is one of the biggest barriers to travel. However, there are a number of ways to save money on vacation expenses. One option is to take advantage of some best loans for vacation. These loans can help you cover the cost of airfare, lodging, and other vacation expenses.


Another way to save money on vacation expenses is to travel during the off-season. You can often find great deals on airfare and lodging if you travel during the shoulder season or off-season.


Book Early


When it comes to booking travel logistics like flights and hotels, there is a school of thought that waiting means a cheaper price, which couldn’t be further from the truth. For every lucky traveler who got a cheap flight or flight at the last minute, there are thousands who paid through the roof.


Being prepared and booking early is the best way to secure the lowest price. As it gets closer to your departure date or check-in date, businesses will know you have fewer options, meaning they can charge more. 


Save yourself the budget heartache and plan ahead by booking early.


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Be Flexible


Having rigid expectations can be one of the easiest ways to blow your travel budget out of proportion. Flexibility means having a willingness to travel on off-peak days or stay in hotels that aren’t on the main strip of a destination city.


Flexibility means you can budget in a price range and allows you the opportunity to save on some items while splurging on others. Being flexible also allows for spontaneity, which is what travel is about!


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Money Doesn’t Taste Good


When we travel, one of the biggest tropes is that you have to eat out at every meal, after all, you don’t have a kitchen on holiday. Traveling doesn’t have to mean eating expensive food at a restaurant or café for every meal.


This is especially true if you are doing tours or sightseeing for the day. Try grabbing food from local supermarkets or shops to help save on that travel budget.


It doesn’t mean you will never indulge at a beautiful restaurant, it just means not doing it for every meal.


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Know How To Travel


Getting around while you are on holiday can be tricky, especially if you don’t speak the local language. Public transport systems in a foreign country can be challenging, be prepared and research them ahead of time.


Learn where you’re staying, the easiest routes to local areas or attractions. To save on your travel budget, purchase travel tickets ahead of time. Most public transport systems have options for travelers and are available for purchase ahead of time at a cheaper rate.


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Create a Daily Limit


To establish your travel budget or to start saving, try working out how much you think you’ll spend each day. There are plenty of helpful resources online to provide data on what the average daily spend looks like in a lot of countries.


Use this information to establish your daily ‘spend’ and then work backward to know how much you’ll need for your holiday based on the number of days you’ll be away. 


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Have a Backup Plan


Having a backup plan or a contingency for an emergency is incredibly important and will give you peace of mind. One of the easiest ways to do this is to carry a travel credit card.


The credit card may not be for everyday use on the trip, but it’s there just in case you need it. Running out of money on a holiday isn’t an exciting prospect for any traveler, be prepared for anything by having a credit card handy.


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In Closing


Traveling is one of the best things anyone can do, it helps you see the world, experience culture, and create lifelong memories. It isn’t cheap though and being prepared with a travel budget is the best way to enjoy every holiday you go on.


Regardless if you have a luxury style or an adventure style, you can absolutely see the world the way you want to if you take on good spending habits and prepare well in advance.


To start budgeting for your next trip, use these seven tips for better travel budget habits and before you know it, you’ll be on another adventure!

Christa Thompson

Christa Thompson is the Founder and Chief Editor of The Fairytale Traveler. She started traveling the world in 2003 when she attended a summer abroad study at the University of Cambridge in England. Since then, her wanderlust has been fierce. Her three passions in life are her son, traveling, and being creative. The Fairytale Traveler brand gives Christa the opportunity to do all of these things and to live intentionally every day. "It's never too late to believe in what you love and to pursue your dreams." -Christa Thompson

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