They say travel is the only thing you buy that makes you richer. Whether that’s because of the incredible memories, the stories you’ll tell for years afterwards or simply discovering your new favourite food halfway across the world, there’s something pretty special about getting away.
Unfortunately, your bank account doesn’t always share the same enthusiasm.
From flights and accommodation to sightseeing, transport and “just one more gelato”, travel has a habit of costing more than you expected. The good news? With a little planning, you don’t have to spend your life savings to enjoy an unforgettable holiday.
Whether you’re planning the honeymoon you’ve been dreaming about, ticking Europe off your bucket list or organising the family’s first overseas adventure, here are a few simple ways to help make your travel budget go a little further.
Book in advance
There’s nothing quite like the excitement of booking a holiday. Once those flights are locked in, suddenly it all starts to feel real.
If you can, try not to leave everything until the last minute.
Comparing flights, accommodation and transport well in advance often gives you more options—and sometimes better prices too. If you’re visiting more than one destination, don’t automatically assume trains are cheaper than flights (or vice versa). Depending on where you’re travelling, you might be surprised by what you find.
And don’t forget to check whether your favourite airline has a rewards program. Those points have to come in handy eventually.
Look for accommodation that helps you save
Everyone wants to experience the local food scene—and you absolutely should.
But eating breakfast, lunch, dinner and every snack in between at cafés and restaurants can quickly become one of the biggest expenses on your trip.
Looking for accommodation with a kitchenette can make a surprisingly big difference. Something as simple as making breakfast before heading out or putting together lunch before a day of sightseeing can leave you with a little more room in the budget for that special dinner you’ve been looking forward to.
Do some research before you go
The internet is an incredible resource… use it wisely. You can have a look through all kinds of attractions and activities, ranging from relaxing options like natural hot springs and day spas to adrenaline-inducing extreme sports.
You’ll often find a few companies offering the same kinds of experiences, but for varying prices. It can be beneficial to do your due diligence and check out a few options before you buy. You might also find discounts for groups, so if you’re in a hostel, make some new friends and get them involved!
While booking in advance is best, sometimes last minute spots open up or can be discounted, so keep your phone close to hand and check for those deals.
It’s also worth looking beyond the big tourist attractions. Some of the best travel experiences don’t come with an entry fee at all. Local markets, scenic walks, beaches, national parks and neighbourhood cafés often end up being the highlights of a trip.
Timing really is everything
Peak, shoulder, off season. Three key words you need to keep in mind when booking your adventure.
Costs can vary significantly between peak and off-peak seasons. School holidays, Christmas holidays and the Easter long weekend are generally the busiest, and most expensive, times to travel. If you’re not restricted to these holiday periods, book your travel during a quiet period… your bank account will thank you for it.
You should also consider the peak periods for certain destinations and local holidays which can bump up the demand for accommodation. Whether that’s going to Indonesia during the end of the dry season, or only getting the last of the cherry blossoms in Japan, avoiding the peak periods can give you a little more breathing room along with more money left in your pocket.
Walk…everywhere
If possible and safe to do so… walk! Not only do you save money on transportation, you get to experience what the city has to offer first hand.
Walking decreases your costs, increases your blood flow and allows you to breathe in fresh air while admiring your destination of choice. If there are spots you can’t reach with your own two feet, check out the local public transport system and get a weekly pass. Or, for a private lift, see what the locals use – many countries have their own versions of Uber that can be pretty affordable, particularly if you’re heading to Asia.
Ready to start planning?
So what are you waiting for? If you’re looking for some extra budget to fund your adventure, look no further than Rapid Loans. We pride ourselves on delivering quick and easy personal loans, including travel loans that make it easy for you to see the world the way you want, which means if you’re approved the funds could be in your bank account on the same day.
This article is general information only and does not constitute financial or credit advice. It does not take into account your personal objectives, financial situation or needs. When you apply for a loan with Rapid Loans, your application will be assessed against our credit eligibility criteria. All applications are subject to approval. Terms and conditions, fees and charges apply.