These 16 Budget Travel Tips Can Help You See More of the World in 2020 (2024)

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People ask me all the time how I can afford to travel so much.

The biggest reason is I prioritize travel over nearly everything else, but I also owe it to the fact I know a lot of tricks that help me stretch my dollars while traveling. I’ve learned these little tricks from years of scraping together money for trips near and far.

If one of your New Year’s resolutions is to travel more, these tips should help you do so without blowing your budget.

These 16 budget travel tips can help you see more of the world in 2020.

How to Save Money on Flights

When people say travel is too expensive, they’re often referring to the cost of getting there. How are you supposed to go somewhere when you can’t even afford the plane ticket?

These strategies should help you save money on your next flight:

5 Companies That Send People Money When They’re Asked Nicely

When you log into your bank account, how do your savings look? Probably not as good as you’d like.

It always seems like an uphill battle to build (and keep) a decent amount in savings. But what if your car breaks down, or you have a sudden medical bill?

Ask one of these companies to help….

1. Start Collecting Miles and Points

Don’t wait another second; start collecting travel rewards right now. Not doing so is throwing money away.

It’s not as intimidating as you think: You just need to sign up for one airline in each of the major alliances, and start linking your number whenever you fly.

For a full primer, here’s my guide to getting started with travel hacking.

2. Step up Your Search Game

If you’re only searching Expedia to find flights, you’re making a big mistake. These days, many other tools make finding cheap flights easier than ever.

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Check out a few of my favorites:

  • Google ITA Flight Matrix: This site allows you to search multiple airports and multiple dates. It doesn’t have the prettiest interface, but its search capabilities are unparalleled.
  • Skiplagged: This website is a travel hacker’s dream. It puts together one-way flights and weird stopovers to find you rock-bottom prices.
  • momondo: This search engine scans more than 700 travel sites to find you the best deal. It even includes independent carriers, like Southwest, which other search engines omit.

You can also use tools like AirfareWatchdog and Hopper to track particular routes; both alert you when fares drop on routes you’re interested in.

When it’s time to purchase your flight, book directly through the airline’s website. Doing so gives you easier recourse in case your flight is cancelled or delayed, and also makes it less likely you’ll be bumped, as airlines give preference to their own customers.

3. Follow Airlines and Blogs on Social Media

Have you heard of mistake fares? After accidentally being published by the airlines, these low fares are scooped up very quickly — so you have to act fast if you want one.

The best way to find out about mistake fares and other airfare sales is by following airlines, travel sites and travel bloggers through social media and email.

These 21 travel hacking blogs and 19 travel hacking resources are good places to start.

4. Don’t Buy Tickets on a Friday

When it comes to low fares, you might only think about your travel dates, but it’s also important to consider your booking date.

When you book the ticket can have a huge effect on your fare, and new research has shown Fridays are the worst day to buy flights.

The best day to book? Sunday, followed closely by Saturday.

As for how far in advance to buy, it varies from 57 days out for domestic tickets to 176 days out for flights to Europe.

How to Save Money on Lodging

Another big travel expense is a place to lay your head at night. Luckily, there are lots of ways to save money on lodging.

I’ve written in detail about money-saving alternative accommodations before, but here are some of my favorite options:

5. Try Airbnb or Couchsurfing

The sharing economy has significantly brought down the cost of travel accommodations; with sites like Airbnb, you can rent a whole house for a fraction of what a hotel room would cost.

For example, a group of fellow Penny Hoarder staffers and I traveled to Nashville and each paid under $200 for three nights in a gorgeous apartment in the heart of the city!

Many people believe you have to share a living space with your Airbnb host, which is not true. Like us, you can rent an entire apartment (or castle, even!) through the platform.

Alternatively, Couchsurfing is a totally free option, though you’re encouraged to also host people when you’re back home.

6. Consider a Work Exchange

Have you heard of work exchanges? With these opportunities, you work a half- or full-day in exchange for room and board.

Duties include everything from milking goats (one of my personal favorites) to restoring old buildings.

Intrigued? Read more about work exchanges here.

7. Check Hotel Discount Sites

New hotel discount sites pop up all the time; it’s hard to keep track of them all. Some of my favorites include HotelTonight, a last-minute booking app; Trivago, a hotel aggregator; and Priceline, which allows you to get low rates by bidding on unnamed hotels.

Just like with flights, though, call the hotel first to see if it is willing to match the lower rate. It often will, because it would rather not pay a commission to a third party.

Booking directly gives you a leg up over other customers when it comes to things like upgrades or scheduling conflicts.

8. Apply to Be a Housesitter

Did you know there are people who will let you stay in their house for free, in exchange for watching their pets or watering their plants? It sounds too good to be true, but it’s not.

Thanks to sites like Trusted Housesitters and Mind My House, it’s easy to find housesitting gigs all over the world.

How to Save Money on Food

A girl’s gotta eat, but restaurants can quickly take a big bite out of your budget.

That’s another reason I like staying in Airbnbs; since you have a kitchen, it’s easy to save money by cooking your own food.

If you want to go out, though, here are a few ways you can save money on food while traveling:

9. Check Online Food Deals

Want to enjoy restaurants without the high price tag? Check online.

You can often find deals for restaurants (and attractions!) on Groupon. Or check Restaurant.com, where gift certificates are almost always deeply discounted — both on its site and Raise. Before buying, make sure you like your destination’s participating restaurants.

If you’re on the go, check Yelp; some restaurants offer discounts if you “check in” on the app. You can even use Yelp’s search filter to only show restaurants with deals, helping you get straight to the good stuff.

10. Hit up Happy Hours

Even though you’re on vacation, you and your wallet still deserve happy hours — one of my favorite ways to try a new city’s cuisine and drinks without spending a ton.

It’s also a great way to meet people, as you’ll usually find lots of locals taking advantage of the deals.

11. Eat Where the Locals Do

I generally avoid eating at any restaurants listed in a guidebook; as soon as an establishment makes it in there, it jacks up its prices and starts worrying less about food quality.

Instead, I check Yelp and Chowhound to see which restaurants the locals like, and I also ask for recommendations from everyone I meet. For me, finding good cheap eats is key to a successful trip!

How to Save Money on Everything Else

What about all the other little travel expenses? They add up, too.

Here are a few ideas for saving on everything else:

12. Travel During the Shoulder Season

This tip is basic, yet many people ignore it.

Unless you have specific work or personal demands that restrict your schedule, you should try to travel in the shoulder season, when you’ll find lower prices and fewer people.

Shoulder season often occurs during the spring and fall, but it’s different for every destination.

To figure out when it is, simply Google your destination plus “shoulder season.”

13. Look Into City-Wide Passes

Many tourism boards promote city-wide passes that include discounted transportation, sightseeing or both.

To find these, try using search terms like “tourist pass” or “city discount pass,” or visit the city’s tourist office.

14. Get a Travel-Friendly Credit Card

Foreign transaction and ATM fees can quickly add up, so be sure to sign up for a travel-friendly debit and credit card.

My faves? The Chase Sapphire Preferred credit card and Charles Schwab debit card, neither of which charge any fees for international usage.

15. Research Activities and Attractions Ahead of Time

If you’re going to see the famous Sagrada Familia church in Barcelona, you can either pay 15 euros to buy tickets online and skip the line, or you can wait for hours and pay the same amount in person. You can guess which option my poorly prepared self experienced.

I learned my lesson, though: Do your research ahead of time.

Don’t schedule your activities down to the minute — but if there are things you must see or do, spend a few minutes looking for discount codes or advance tickets. You’ll save time, and maybe money.

16. Check the Local Newspaper

If you can read the local language, or if your destination has an English newspaper, grab a copy!

Not only will you get to know the city’s news and residents, you may also spot free events or restaurant specials. I’ve found lots of cool happenings by browsing through the newspaper like a local person would do.

Will You Travel More in 2020?

Even if you’re on a limited budget, you CAN travel this year. Take small steps to save up, and then follow these tips to keep your costs low.

Trust me: You won’t regret it!

Susan Shain, contributor for The Penny Hoarder, is always seeking adventure on a budget. Visit her blog at susanshain.com, or say hi on Twitter @susan_shain.

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You've done what you can to cut back your spending.You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. (Can you sense my millennial sarcasm there?)

You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. But no matter how cognizant you are of your spending habits, you’re still stuck with those inescapable monthly bills.

You know which ones we’re talking about: rent, utilities, cell phone bill, insurance, groceries…

Ready to stop paying them? Follow these moves…

Ready to stop worrying about money?

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These 16 Budget Travel Tips Can Help You See More of the World in 2020 (2024)

FAQs

Why is it important to have a budget for travel? ›

A travel budget helps you create a realistic list of expenses, whether you're in the planning process or saving up for a potential trip. You're less likely to be caught off guard by expenses and make the most of your trip if you learn how to budget a trip ahead of time.

How do you budget for a world trip? ›

7 Simple Steps To Create A Realistic Travel Budget
  1. Think of where you'll be staying. The next big chunk of your travel expense will be your accommodation. ...
  2. Think of how you'll be moving around. ...
  3. Think of what you'll be doing. ...
  4. Think of what you'll be buying. ...
  5. Think of emergencies.

Is $20000 enough to travel the world? ›

Perhaps the easiest way to figure out your budget is to work backward and figure out how much will it cost per day. Several popular travel blogs, such as A Little Adrift, Never Ending Footsteps, and Earth Trekkers, all agree that a baseline of $20,000 per person for one year is doable.

How do you become a world traveler on a budget? ›

I'll show you exactly how I travel on a budget:
  1. Find the money for a trip, even if you're broke.
  2. Score deals on airfare.
  3. Research your destination.
  4. Find gorgeous lodging for less.
  5. Plan your own tours and activities.
  6. Get around after you land.
  7. Stay safe & healthy around the world.

What is a good budget for Travelling? ›

Your budget for a vacation will, of course, vary depending on many factors. Many people set aside 5%-10% of their net yearly income for leisure travel, but your savings will depend on the type of vacation you're planning.

What is a travel budget? ›

A travel budget is a tool to help you travel with total peace of mind. It can even help you manage your spending so that you can afford to get away more often. Whether you're dreaming of relaxing on the beach or hitting the slopes, read our guide to making a travel budget so that you can make your dream trip a reality.

Is travelling the world worth it? ›

Meeting people from other cultures will teach you that the way you've been looking at the world isn't the way everybody else does. In fact, your point-of-view might have some major blind spots. Seeing the world for yourself will improve your vision and your grip on reality.

How do I travel the world? ›

How to plan a trip around the world
  1. Take to the sky. Air travel is, predictably, the simplest way to traverse the globe. ...
  2. Ride the rails. A century ago, taking extended rail journeys was one of the only means of long-distance travel. ...
  3. Go Private. ...
  4. Head overland. ...
  5. Do it yourself. ...
  6. Enlist a pro. ...
  7. Learn to sail. ...
  8. Cruise along.
Oct 6, 2023

What is a travel plan called? ›

In the industry, the travel plan is commonly known as the itinerary and the data on the reservation system is known as a passenger name record (PNR).

Can I travel with 10k? ›

YOU ARE ALLOWED TO CARRY AS MUCH CASH AS YOU WANT OUT OF AND INTO THE UNITED STATES. To summarize up front: no, you are not restricted to traveling with sums of $10,000 or less. In fact, you could travel with a checked bag stuffed to the brim with cash — as long as you declare the amount beforehand.

How long can you backpack with 20k? ›

Your $20,000 can last a good while, especially in budget-friendly places like Southeast Asia or South America; think several months to nearly a year. In pricier spots like Western Europe or North America, maybe a few months.

How to travel with more than $10,000? ›

You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $10,000, you will need to report it to CBP. Use the online Fincen 105 currency reporting site or ask a CBP officer for the paper copy of the Currency Reporting Form (FinCen 105).

Can I get paid to travel? ›

You can find opportunities with tour companies and agencies, or even start your own tours. This is one of the best ways to get paid to travel abroad. You can consider a job at a hotel, resort, or hostel in a popular tourist destination.

How to travel the world on 50? ›

How to Travel the World on $50 a Day (2013) is a guide that reveals how anyone can explore the world on a tight budget. Here's why this book is worth reading: It offers practical tips and strategies for traveling on a limited budget, empowering readers to fulfill their travel dreams without breaking the bank.

How to get a free plane ticket? ›

The 8 Best Ways To Get FREE Flights
  1. Leverage Credit Card Signup Offers.
  2. Use a Credit Card to Earn Points or Miles on All Your Purchases.
  3. Check Out Frequent Flier Programs.
  4. Consider Dining Rewards Programs.
  5. Opt for Programs with Companion Tickets.
  6. Look for More Opportunities to Earn Points and Miles Toward Free Tickets.
Mar 14, 2024

How much money do I need to travel the world for 6 months? ›

Just take that $20,000 and divide it by 12 months to set your monthly savings goal. You'll need to save a bit more than $1,600 each month to make that happen. Or, if you're looking to travel for 6 months, you'll need about $10,000, which means you'll need to save just over $800 a month for a year to achieve your goal.

How much cash should I bring to Europe for 2 weeks? ›

A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling. As with all things, research is your friend here. Understand where you're travelling and what the local customs regarding cash are.

How much does it cost to backpack Europe for 1 month? ›

The cost of backpacking in Europe for one month can vary greatly depending on factors such as your travel style, destinations, and activities. On average, budget travelers can expect to spend around $2,000 to $3,000 for a month-long trip, while those with a more luxurious taste may spend upwards of $5,000.

How much is a trip to Europe? ›

How much does a European vacation cost?
ExpenseEstimated cost
Airfare$500 to $1,500 for economy $2,500 to $25,000 for first class
Accommodation$15 to $50 per night for a hotel $150+ per night for a mid-range hotel $300+ per night for a luxury hotel
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