Are you someone who keeps fantasizing about traveling around the world, and adding destinations to your bucket list? But somehow you could never afford to develop the budget and save for your trips with friends or otherwise, especially when you’re a student.
In this blog on Creative ways to save money for travel, we’ll help you give tips for saving for a trip. How you can regulate your expenses, make a few changes in your lifestyle temporarily to make a travel savings plan and finally learn how to save money while traveling too.
As a student, affording travel can be challenging. If you’re an adventurous budget traveler in search of creative ways to make your travels more affordable, there are plenty of tricks and tips out there.
Always be on the lookout for flight and hotel deals; many airlines offer discounted student fares, so don’t be afraid to ask!
Prepping meals in advance while planning your trip can also help you save some money when it comes time to eat on the road.
Along with having the right mindset – such as looking for free or cheaper activities – traveling as a student doesn’t have to break the bank. It may take a bit of extra work, but having fun and exploring with friends is well worth it.
Ways to save money for travel
Saving money for travel as a student can be a daunting task, but it doesn't have to be! With a few simple strategies, you can easily set aside funds for your next adventure.
Act like a Local:
What is a local? Well, this could be a subjective concept but generally local is a native person who lives and understand the culture, environment, traditions, and lifestyle of a particular destination. This could be exciting to live like a local and it is also beneficial in the context of saving money for travel or budget traveling.
Act like a local to save money while traveling. Doing so can help you to experience a destination more authentically, while also saving you money. Research the area you are visiting and find out what locals do for entertainment. You may find that there are free or discounted activities that you can take advantage of.
You can save money on food by eating at local restaurants and markets. Not only will you get to experience the local cuisine, but you may also find that it is much cheaper than eating at tourist restaurants.
Finally, you can save money on transportation by using public transportation or walking instead of taking a taxi. By acting like a local, you can save money and get a more authentic experience of the destination.
Establishing a budget is the first step to saving money for travel. Take a look at your income and expenses and determine how much you can realistically set aside each month. Spend smartly with a credit card because they provide you with overdrafts facilities and provides you offers and discounts by earning points.
In the budget plan, write down all of your common monthly expenses- rent/mortgage, car repayments, electricity, insurance, food, phone bill, clothing, entertainment, etc.
Write down the average cost of each category and then work out the total alongside each of them. Once you know how much to budget, then you can attain a realistic idea of how much you have left for leisurely spending.
Cut back on unnecessary expenses:
Look for ways to reduce your spending. Consider cutting back on eating out, shopping, and other non-essential activities. One of the best ways to reduce your expenses is by downloading an expense-tracking app.
Cut back on superfluous expenses to save money for your next adventure. Whether you're planning a weekend getaway or a month-long excursion, curbing your spending on non-essential items can help you reach your travel goals faster. By cutting back on things like eating out, shopping, and entertainment, you can free up more funds to put toward your dream trip.
Try carpooling instead of taking cars or bikes individually. Go on social media detox for a few days and save money on data plans. Sell your old and unused items lying in the house.
Utilize rewards programs:
Take advantage of rewards programs offered by airlines, hotels, and credit cards. These can help you save money on flights, accommodations, and other travel expenses. Airbnb is another great way to save some money and stay with a local. You can also try OYO Rooms; they are the most affordable business hotel chains across India but with free wifi and other amenities.
Meetup is another great travel option as well to meet locals and experience life along with them. These can be organized either by a local or a traveler to the city. A great way to learn about the local way of living, make common plans with other travelers, and learn tips on saving money locally.
Consider taking on a part-time job or freelance gig to help you save money for travel. If you're looking to save up for travel, a side hustle can be an ideal way to make extra money on the side. It's a great way to add some extra money to your bank account while building new skills and experiences that are rewarding beyond the money.
From driving for Uber or tutoring online to painting murals and pet sitting, there is no shortage of interesting ideas to explore. Side hustles can also be flexible around other commitments so you can plan around your current job or studies too. And if you're lucky enough, it might even become a full-time career down the track - allowing you to turn your travel dreams into reality!
Start a travel fund:
Open a separate savings account specifically for travel. This will help you keep track of your budget and make it simple to save. Starting a travel fund is one of the best ways to save money for your next adventure. Setting aside a small amount each month can add up quickly and help you go farther with your next trip.
With a travel fund, you can budget for transportation, lodging, meals, souvenirs, and other activities that make traveling so special. You can even set it up as an automatic deposit into a savings account so you don't have to worry about forgetting! A little planning and organization can go a long way when it comes to saving money - why not give it a try?
You can use applications such as Google Maps, Use Twitter, or other social media channels. Some apps inform you about bus timings, stations, ticket availability, prices, etc. You can also try using shared rides applications such as Ola Share Cabs which can save you both time and money while traveling long distances. Safety is paramount and you must be careful that the applications you’re using are reliable.
If you’re traveling to big cities or metro cities, you’ll find cafes like Starbucks that let you work and use their wifi indefinitely. You can also stand outside some cafes that provide free wifi and use it to search for information.
We know it is hard to save money as a student especially when you’re living off pocket money and scholarships. It is difficult when you’ve to think twice before eating out and making an expensive purchase or giving up on your budget just to go on that one date, but it will be worth it in the end for sure. We hope the above tips for saving for a trip will help prepare an itinerary for the next travel plan. By following these tips, you can easily save money for travel as a student. With a little bit of planning and dedication, you can make your dream trip a reality!