When wanderlust beckons, it’s easy to dream of jet-setting to exotic locations. However, those dreams could be held back by budgetary constraints.

The good news? Budget travel — because going on a holiday out of town doesn’t have to break the bank. With a bit of planning and savvy decision-making, you can see the world without exhausting your savings.

Here’s how you can travel on a budget:

1. Plan and research.

The first rule of budget travel is planning. This involves researching your destination, understanding the cost of living there, and planning your itinerary in advance.

Also, be on the lookout for budget-friendly destinations known for offering great value for money.

2. Monitor prices and book when they’re at their lowest.

Research ticket and accommodation options, comparing prices across various booking sites. Check out local transport alternatives and their costs.

3. Go for off-season travel.

The timing of your trip can greatly impact the amount you’ll need to spend to have an enjoyable holiday. For example, flight and accommodation costs can drop significantly during off-peak periods, and attractions may offer discounted entry fees.

Travelling during the off-season or shoulder seasons means reaping not only the benefits of reduced prices but also fewer crowds and more relaxed, authentic experiences.

4. Be accommodation-savvy.

Luxury hotels are tempting but can quickly eat into your budget. Consider cheaper alternatives, such as budget hotels, hostels, vacation rentals, or even house swapping.

Consider accommodations that offer free breakfast or kitchen facilities, saving on meal costs. Staying farther from city centres or popular attractions can also mean considerable savings.

5. Eat like a local.

One of the quickest ways to overspend is by dining at tourist-trap restaurants. Instead, seek local food markets, street food stalls, or family-run eateries for affordable prices and authentic culinary adventures.

Self-catering is also an excellent way to save. Visit local supermarkets or farmers’ markets and prepare your own meals.

6. Use public transport.

Rather than relying on taxis or ride-sharing services, use public transport as much as possible. Many cities offer day or week passes, which can result in substantial savings.

You may also opt to walk or cycle. Both are free and enable you to explore at your own pace and get a better feel for the locale.

7. Seek free activities.

Every city has free or low-cost attractions or activities; all you need to do is do a bit of research to find out. These could be museums with free admission days, public parks, historic sites, free walking tours, or local festivals.

8. Get travel insurance.

While it’s an added expense, travel insurance is essential for budget travellers. It can save you from hefty bills in case of trip cancellations, lost luggage, or medical emergencies.

Travelling on a budget doesn’t mean compromising on the quality of your experience.

In fact, it can lead to more enriching, authentic, and memorable adventures. 

So, embrace budget travel and start exploring the world.

If this article has inspired you to think about your own unique situation and, more importantly, what you and your family are going through right now, please contact your advice professional.

(Feedsy Exclusive)