This section is here to help you with anything money related. From how to save for that once in a lifetime trip to making the most of your money while travelling.
Money is a huge part of travelling. Although a lot of us don't like to think about it, it is. It controls where you go, for how long you can go and what you can do while you're there. There are a few ways you can save money and make it go further when you go travelling, of course while still having a great time. So here's some tips on how to make the most of your money, so you can travel for longer, and get the best out of your trip.
1. Use Hostel Breakfasts- Hostel breakfast are the best thing. A lot of breakfasts in hostels consist of sliced meat, cheese, bread, cereal and then tea and coffee. This is perfect you can eat your breakfast in the hostel which is free, and then make up sandwiches for the day. This saves you money buying lunch, which could mean at least £5 saved already. So always look when booking hostels, if you can get one within a similar price and with a free breakfast, it makes sense.
2. Drink Before Going Out- Drinking out is a huge expense, probably one of the biggest. Of course it depends what country you are in. If you are in SE Asia or some places in South America it is just as cheap to drink out. But if travelling Europe, America or the Australia's then drinking out is going to be very expensive. You could easily save £10-£30 per night, just by buying alcohol from a shop and drinking in the hostel. This is usually fun and most other backpackers will be doing the same anyway. Of course sometimes going out for a drink is nice, and once in awhile it doesn't matter. But drinking in over the long run will save you a lot.
3. Don't Pay for Wifi- Paying for Wifi in hostels is usually really expensive, and very slow. Nowadays most hostels offer free Wifi, at least in the lobby. So you won't even have to pay for it. Or even in internet cafes there is no point going and paying for it. There are loads of free places where you can go and sit and get free Wifi. Mcdonalds, Starbucks and loads of other cafes. Most of the time you won't even have to buy anything, but even if you do it's still going to be cheaper than paying for Wifi, and at least you get a drink.
4. Use Public Transport (Especially when going from airport to hostel)- Getting a taxi from the airport to your hostel are usually ridiculously expensive, they known you are tourist, who has just arrived and have pretty much no idea about the cost of things, so they are likely to rip you off, particularly in eastern countries. So before you leave, research which bus or train number you need to get, and how to get to your hostel. And just use the local transport. This could end up saving you a fortune. Obviously if your flight is late at night or early in the morning, you'll probably just want to get a taxi, but make sure you check how much they should be before you leave, so you don't get ripped off.
5. Cook/Don't eat out- Again most hostels have cooking facilities, especially in Europe, Australia and America. You can easily save yourself £5-£10 per day just by cooking. Of course it's sometimes nice to go out and eat and try the local food, that's part of the traveling experience. And if you're in Asia it's cheaper to go and eat out anyway. But if in Europe where eating out is ridiculously expensive, go to a local supermarket and cook up your own meals, this will make your money go a lot further.
6. Make Use of Free Tours- Most cities around the world now offer free walking tours, why pay when you can go for free. Ask at your hostel what free tours they offer. Usually they have free walking tours, where you go to a point in the city, and a group of you will get a tour. They ask for a tip, but it's up to you whether you leave one, and it doesn't have to be much. Either way it's still going to be a hell of a lot cheaper than paying for a city tour. Also see what other free deals your hostel has, they sometimes have free drinks, nights out etc. So don't be afraid to ask.
7.Haggle- Haggle, Haggle, Haggle. Doing this can save you loads of money, particularly at markets. Even in places like America and Europe you can try. When booking tours and trips try to get them to chuck free stuff in or lower the price. Tell them someone offered you this price just down the road. I can almost guarantee they will lower the price for you, the worst thing they can say is no that's there best price, and if so, nothing's lost.
8. Use Bank Cards without international Transaction Fees- There are loads of options when it comes to bank cards and money cards. Go in and ask your bank what fees they charge for withdrawing money when abroad. This could end up saving you a lot, as some bank charge upto 10% per withdrawal or a £3 fee per withdrawal. And if you end up withdrawing money a lot of times this can soon add up. Plus there are loads of options for free withdrawals and cards. Have a look online and search specifically to the country or countries that you're going to and decide what's best. Also have a talk to your bank about the best options
9. Always use Student/Discount Cards- When booking anything, trips, hostels, transport, flights even in restaurants ask if they offer student discount, and show them your card. This could end up saving you 10-20% of your food bill maybe even more, and it all adds up. Again the worst they can say is no sorry, so it's definitely worth asking.
10. Get a Water Bottle- This might sound simple and in some less developed countries it's advised to buy bottled water and i would recommend doing so. But if you're travelling to Europe, America or any of the Australia's, then buy a water bottle and fill it up. Buying 2-3 bottles of water a day soon builds up your costs, and over 2-3 weeks or a month. That £1 bottle of water can soon add up to £50-£100. And i'm sure you would rather fill up a water bottle and spend that money one something else.