Save While You Travel

A big trip abroad may seem at first glance like a major expense. But actually, it’s very easy to cut expenses and save money so that your adventure does not cost so much. You may even be able to save enough so that your expenses at home—mortgage, utilities, and car payments—can be covered while you’re away. Here are some tips you can use to save money on your next big trip.

Choose Your Destination Carefully

Some places in the world are drastically cheaper than others. A long trip backpacking around Europe would definitely cost more than a long trip backpacking around Southeast Asia. Costs can also vary between countries in the same region. For example, Bolivia is a much cheaper destination than Brazil, even though they are right next door to each other.

In some cases, it can be more cost effective to stay longer in a cheap place than to go home on schedule. In a cheap place, you can eat, sleep, and entertain yourself for a fraction of what it would cost at home. This way, you can still enjoy being in a new place while also getting the satisfaction of saving big.

To begin, you can do some research about the daily cost of living in the place you wish to visit. Look at things like economic growth, the exchange rate, and whether other expats have been able to live well there. You should also factor in things like security, political climate, and the prospect of finding a job if you wish to settle there permanently.

Save While You Travel

Determine Your Budget Beforehand

Once you have chosen your destination, think about how much it will cost you to live there. At this point, it can be helpful to get in touch with other expats to get an idea of how much money you will need per month. You should also take into consideration the cost of airfare

and also your expenses and responsibilities back home, such as your mortgage and credit card debt.

Manage Your Finances on the Go

Make sure you have a way to manage your finances remotely. Set up an online banking account so you can pay your bills and make sure to keep track of the mortgage and financial news, such as at this mortgage calculator Canada. This way, you’ll avoid late fees and stay organized, even from that beautiful Thai beach.

Cambodian Riel

Work from the Road

To make sure you stay within your budget, you may be able to find a way to keep working while traveling. Your company may offer opportunities to work remotely, or you may be able to pick up some freelance work. Since the cost of living will be lower, you won’t have to work as much as you did at home, and getting paid in your home currency will help as well.

Find a Job Once You Get There

If you can’t take your job with you, it may be possible to find a new one while you’re traveling. There may be opportunities to teach English classes, work in hostels, bartend, lead tours, teach surfing classes, or write for an English-language newspaper. The opportunities will vary by destination, so be sure to ask around. Working abroad holds a host of opportunities that you would never consider at home, so make the most of the trip by ensuring you can experience as much as you can.



  1. Very true about the different costs in different countries!

  2. That’s why I love being based in Thailand! I was able to find work, save and then travel to its neighbouring countries. 🙂

  3. Great tips! The less you spend or the more you are during your travels, the more you can actually travel. We are always very careful with out budget, but need to improve our planning tactics.

  4. Definitely some great tips for saving while you travel. I think that budgeting before you leave is key. When you do though, add at least 10% to whatever you think you’ll spend, and make sure to leave room for a splurge every now and then.


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