No matter the time of the year, everyone seems to be planning a trip to see some part of the world. But just how are they affording this? We’ve put together our top tips on how to save money for travelling on a student budget.
It pays to be prepared! The more you plan in advance, the longer you’ll have to save money.
Begin planning by researching the destinations that you are hoping to visit, remember that your budget will vary depending on where you want to visit, some places are just more expensive than others.
Weigh up all your costs (and emergency funds)! Work out a saving plan, and set money aside every week or month in your savings account. A good way to do this is to set up a standing order with your bank account, meaning it automatically transfers the money so you can’t accidentally spend it.
We hope it never happens, but there is a risk of hefty medical bills and costs associated with extending your trip should you become ill whilst away. We suggest having comprehensive travel insurance in place to help you with this, but remember, it might not necessarily cover all the costs, so it pays to have access to emergency funds.
Also, it’s worth remembering that alot of countries require visas (some you’ll need to get in advance)!
Splurging the student loan on new clothes, a pub crawl, a takeaway… the temptation is always there. If you want to save money to travel you’re going to have to cut down somewhere, but it is possible and can be achieved by making small changes; swap the pizza delivery for a frozen one bought in the supermarket, stretch your student discount when buying clothes or avoid the big designer brands, and don’t get stung with bar prices, if you’re going out have pre-drinks before you leave. Every little helps, just think these small sacrifices will be worth it when you’re sipping cocktails in paradise or trekking some world-famous landscapes.
There are alot of factors that will impact your decision on when to travel. For long periods it’ll have to be outside of term time, or if it’s just an extended weekend, you can basically do that anytime. To ensure you get the cheapest deal possible always look at your flights and hotels simultaneously as one might be rock bottom cheap and the other could be through the roof expensive.
Compare the different arrival days (weekdays are generally cheaper than the weekend).
The time you fly can also make a difference, look at all the options.
The time of the year, bear in mind that busy periods such as Easter or Halloween might be more expensive or have less availability.
Some airlines have great last-minute deals, so keep your eyes peeled for them.
Compare all the flying options using websites such as Skyscanner and Kayak – this allows you to compare hundreds of flights and bag yourself the best deal. You can also sign up to get alerts should a deal become available.
Look at the airline you’re flying with, and the departure and arrival points. Sometimes flying out of or into an airport slightly further away can make a huge impact.
Consider in-direct flights instead of direct, trust us it can make all the difference!
Once you’ve your location chosen and you have looked at flights, it’s time to get your accommodation sorted.
TOP TIP! Always check your accommodation prices before booking your flights!
If you don’t mind sharing a dorm, or want to meet other travellers, a hostel might be a good option! You can book them in advance and they are generally very cheap, you can also just show up on the day, BUT be aware that this does not guarantee you a space! We recommend booking in advance.
Want to experience your destination like a local? Airbnb might be a good option for you. Offering accommodation much cheaper than hotels you can find yourself staying in an ideal location for half the price. You will also have your own kitchen space which will save you money on eating out.
Or of course, if you prefer a hotel room, there are literally endless hotel comparison websites such as booking.com that’ll allow you to find a suitable match for your budget.
Now it’s time to get in all the sights! Again, it pays to be prepared. We suggest researching your destination extensively and working out an itinerary of what you want to see and do.
Visit the tourist board website for the destination you intend to visit, they will provide an in-depth view of what to do, plus, most of them provide a range of free activities available.
Hit social media and start following some travel bloggers, you might find some tips to save you time and money. Don’t forget to check out our Travel Hacks!
Many countries are known for haggling, so brush up on your negotiation skills. Remember though, in some places the price is the price, and that’s it!
You can also use companies such as Viator to book activities in advance!
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