Traveling abroad can be an expensive affair! But if you choose the right plan, it can significantly bring down your expenses. This quote by Eugene Fodor comes to my mind ‘’ You don’t have to be rich to travel well’’. All you need is to focus on making an ideal budget with a lot of planning.
Now, let’s take a moment, before turning this idea into a perfect plan. Saving takes a few steps in breaking the plan, and that includes the process of brainstorming and choosing what suits the best for your travel pocket.
Travelling can be expensive and challenging but it can be made easy by taking a few right steps towards cost-effective budgeting. Applying the right principles, strategy, and information will help to bring down the unnecessary expenses and over budgeting. You can make a bucket list and start categorizing your budget into major expenses, day to day expenses, and relevant expenditure.
Few major points to be considered before you start planning:
1. Budget is the key
Create a Budget and stick to it.
The travel destination and the budget planning go hand in hand as practiced by many regular travelers across the globe. This will help you to make wise decisions in mending your interest and your travel budget.
“Budgeting has only one rule: Do not go over budget.”
So get started with the future spending goals, make concrete plans as to where you want to go, where you’re going to stay, and what will you be doing there. Sketching out the necessary requirements and getting a proper overview of the estimated cost of future expenditures, for example (Food, travel, rent, local travel, Utility) helps you in budgeting your trip wisely.
2. Choose airfare tickets wisely.
As cost varies from time to time, even in a day or weeks ahead, so choose according to your budget. The
first step is finding the right booking price, pick according to your preference. It can be online booking or through a travel agent, whichever way is convenient for you. Look for the option that gives the best facilities and services that may include offers, discounts that fit your budget.
So once you are done with the airfare, it will make other processes and formalities to be easy. It’s always advisable to prefer pre-booking dates which will help you to be prepared in advance.
3. Know your currency value:
Currency is the main heart of the travel goals as currency exchange rate changes every day. So it’s a good idea to be well prepared before leaving for your trip. The first piece of advice is to inform your bank about your travel plans and dates.
There is information available on portals, websites, etc. which will help you to convert your currency. One of the quickest means to find an exchange rate are the budget apps – choose an app or website which can provide the latest currency live exchange rate and up to date track information. This helps to calculate, view historical charts, and calculate prices on your Smartphone or tablet.
These are few pointers to find the best exchange rates.
- Keep a watch on the current International fees – Choose a bank with low or no foreign transaction fees.
- Buy foreign currency from the right Bank or Credit union which offers the best exchange.
- Use a Debit card with no ATM fees or foreign transaction fees.
- You can also choose Travel credit cards that provide points and redeemed for cash or other travel benefits.
- You may also choose Airport exchange KIOSK.
4. Emergency Funds:
For unplanned expenses and emergencies, keep a small amount of local currency in your pocket. Not every merchant, especially in remote locations, has access to ATM’s, cashless transactions, credit cards, etc. So, it’s best to have some cash on the side, which can be used in emergencies. Therefore, always have some petty cash reserved in hand.
5. Travel Insurance :
Getting travel insurance is one the most important and mandatory part of travelling abroad. It covers the risk of uncertainty in future emergencies and plays an essential part in covering against the personal items such as lost or stolen luggage, cancellation, passport, wallet, documents, and missed flights or not able to travel due to unexpected medical reasons, bad weather. Some of these benefits can be availed through a secured insurance cover taken before travelling.
6. Make inquiries on Accommodations and Logistics:
Pre-planning your arrival before your travel makes a huge difference in avoiding the misery and stress, especially after a long journey. A long flight can make you feel tired and jet-lagged, so it’s always advisable to pre-plan your arrival to make things easier for yourself.
It’s always a good idea to have a guide, reference, or friends, to help and cross-check the place or location and facilities available there. There is no harm in seeking support or help which will help you in making the right choices to book safe and comfortable accommodation.
There are several websites that are user-friendly and give the best deals and recommendations. Remember it’s not all about finding the cheapest place but getting the best value of your stay.
You can look for hotels or backpacker hostels that provide bed and breakfast which are comparatively cheaper. You can also find a variety of low-cost local transport like the bus, train, sharing(rental) transport.
It’s always a good idea to be prepared with information like Book now, pay later at check-in, Free cancellation on most rooms, 24/7 customer service, Best price Services, etc.
7. Download Budget Travel Apps:
Although we have guide books to advise about a new place, sometimes we may still face difficulties and challenges. Sometimes you might need information on the go like finding the way, the road map, location, facilities, food court, accommodation, general stores and everything in-between.
One of the best ways to tackle these situations is to choose a smart travel app. There are plenty of apps that manage and guide and give information on the destination that you are traveling to. It also helps to organize, send help notification, to compare rates (booking, hotels, review, rates) and also all your travel information needed on a single screen.
These apps are an amazing idea where technology has made it easy and convenient for us. These apps make everything go smooth and in a comfortable way. This saves a lot of time, money and efforts and doesn’t lead to last moment tensions and confusion.
8. Automate bill Payments:
It’s sometimes easy to forget the payments back home like paying rents, utility bills, and mobile phone bills. So, it’s always advisable to Automate bill payments from your bank before you head out for your travel abroad. This way, you won’t incur late payment fees and don’t have to deal with inconveniences arising out of the cancellation of services.
Traveling abroad takes a lot of preparation and planning before you actually head out. So remember to keep your mind relaxed while you’re jotting down the budget for your trip and plan everything beforehand and be well prepared in advance. Good and detailed planning leads to a trouble-free and relaxed holiday that you deserve. There are always new lessons to be learned, and more experience to be gained. Follow these simple budgeting tips to make your travel enjoyable and a success.