"> 5 ways to manage your budget while travelling - EasyPlan Financial Services

Travelling can be the most wonderful of experiences – the chance to explore new lands, to immerse yourself in new cultures, and to meet people you never imagined could exist. The joy and excitement of travel, however, can quickly plummet to the ground should you find yourself running out of cash during your trip. Never fear, because we’ve got 5 ways to manage your travel budget, and ensure that you have a stress-free trip!

 

Create a budget for each day and place

It is very easy to get carried away with spending, especially in the first few days or weeks into your trip. Further, not all places are created equal – while you can live like a king on $50 a day in Bali, you can live like a peasant on $50 a day in many European cities. Your daily budget should include accommodation and transport costs, as well as food and entertainment expenses. Take the time to do a little research into what is recommended as a daily spend in each city you plan to visit, and budget accordingly.

Monitor your spending on the road

Make sure to keep checking your budget during your trip, and adjust as necessary. If you spent more than you budgeted for in one city, you may need to cut back your daily spend in the next. On the contrary, if you spent less than you planned, you can roll over those savings into the budget for the next place on the agenda.

Book rooms with kitchen facilities

While it may cost a little extra to stay somewhere that has a kitchen, it’ll be worth it in the long run with the amount you’ll save on food. Eating out for every meal adds up, and by having your own cooking facilities, you’ll cut your eating costs significantly. That being said, you certainly don’t need to forgo all opportunities to eat out at local restaurants or cafes. By eating just one meal out a day will save you plenty, as well as ensuring you don’t miss out on any of the local cuisine!

Research free activities and attractions

While most of the major tourist hot spots will likely cost you an entry fee, there are always plenty of free activities and attractions available in every city – you just have to find them! Do your research beforehand, and remember that one of the best ways to discover a new city is to avoid touristy places and instead wander the streets and speak to the locals; they are the experts after all!

Don’t waste money on unnecessary purchases

Instead of forking out the cash to pay for a cab, explore a new city on foot or bicycle. It may take a little longer, but you’ll see much more, not to mention you’ll be able to spend the cash you saved on something a little more fun! Another tip is to avoid purchasing silly souvenirs that are unlikely to be kept or appreciated. You’ll find yourself out of pocket and with oversized luggage for your return journey!