Travel is one of the best ways to broaden your horizons. You get to learn about different cultures, maybe mark a few things off your bucket list, and interact with all kinds of people. Traveling has its costs, but the trade seems pretty fair for all the new experiences you gain.
In an article on why young Filipinos should travel more, Aaron Palabyab wrote that “if you are young, and have the freedom to, you owe it to yourself to make decisions that will open your world as opposed to narrowing it.” It doesn’t necessarily mean that only the young can travel, but as long as you have the means and the freedom, you should give it a go.
There are ways to avoid breaking the bank while traveling, and here’s a look at a few travel tips to help you achieve it.
Before you go
Research your destination months ahead your departure to figure out the area’s busiest months. You’ll save more by traveling off-season. Yes, you will wear more layers if the destination has winter, but then the tourist crowd is much smaller. You can also plan activities in the area.
You’ll save money booking a flight during the off-season and during a seat sale. Cebu Pacific have “Piso Fare” promos that let you book tickets to and from most international destinations, sometimes at half the cost. Round trip tickets are cheaper than booking one way two times.
Flexibility is your ally. Whether it’s being flexible over when you travel or your destination, one of the two will have to give – you’ll have to pick.
Funding your travel is important, so it might be wise to set up an automated savings account that deducts your declared amount from your main account. It’s easy to set up, and you’ll have your travel fund safely stashed away where you can’t touch it.
When booking accommodation, comparison websites are particularly useful as they offer discounts on hotel, hostel, or house stays – depending on your need. Some sites offer discounts of 40% to 80% depending on the location.
When you’re there
Plan your meals. An authentic experience in a foreign country often means hitting street stalls or local establishments – not fancy restaurants and cafes. It’s economical and gives you that feel of eating food that’s been prepared in the area for years. You can also cook for yourself if your accommodations include a kitchen and utensils.
Look into getting passes for public transportation. In some countries, such as Japan and Europe, trains have multi-day tickets that you can take advantage of. It’s cheaper than taking a cab, and see what it’s like to commute in the area day-to-day. Walk around, get lost in a new city.
There’s always shopping to be done, even if it’s for pasalubong. Remember that you should set a limit to how much you’re spending so that you don’t run out of funds. When shopping, especially in the flea markets, haggle. There are tax refunds on purchases made in specific countries. You can read more on the process at Moneyning.
There are plenty of ways you can save money while satisfying your need to wander. If there’s a destination on your mind, start looking for ways to make the dream a reality. Traveling can also open doors that you never thought of if you didn’t go to different destinations.
With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. For more finance-related news and articles, follow Moneymax on Linkedin.