Tips on how to save money to travel the world

Love to travel but your savings account seems to be a problem?

Check out these tips by Micron Associates Travel Guide on how to save money to travel the world.

1. Make a travel fund

Create a different bank account for your travelling expenses. Put in a sum of money on these bank accounts to save up for your trips every month. This is certainly great if you are a starter since you won’t be digging into your personal savings to travel, so you’ll always have money anytime you return. The more you put in every month, the quicker the fund will grow.

Eat less expensive foods and shop less so you can put more into your travel fund. If you can’t bear not to buy branded bags or shoes, and have a fancy dinner with your friends, then perhaps travelling isn’t your main priority.

2. Change your point of view

You should start thinking of your expenses in your travel fund and change the way you spend your finances. Take into consideration the following to control yourself from spending a lot of money.

- The price you pay for an expensive bag can be a return ticket to nearby countries.

- The costly coffee you pay for every day could go to a new and captivating dish you can try in a foreign land.

- The fancy dinner you spend with your friends every weekend could go to the accommodation you’re going with your travel partner.

3. Book you air tickets in advance

Travelers are endlessly seeking ways to crack the code of the unpredictable airline pricing searching for the cheapest fare.

Tuesday is definitely considered the best day of the week to book tickets for several airlines because airlines often announce deals on Monday evenings, so by Tuesday, other airlines are scrambling to match those deals.

The age-old strategy of booking ahead of time can also be a money saver. Domestic flight airfares in the America are the lowest to 50 to 100 days prior to the departure and within that window the best day to book is 57 days ahead. For international flights, it’s smart to book 150 to 225 days ahead, and within that window the best day is 171 days ahead, according to the Micron Associates Travel Guide report.

4. Compare the prices of air tickets

Flying budget is not cheaper at all times. It is worth using some time on using fare comparison sites or visiting the individual airline pages to discover the lowest price for your travel dates.

5. Buy ticket bundles or deals to attractions and activities

Search for deal websites to get major discounts on attractions and activities. Some ticket-booking websites also offer bundles to many points of interests with considerable savings. Just remember to read the fine print.

6. Take public transport

You can save money if you were to take a bus, subway, rail and even boat service instead of a car rental or your own personal vehicle.

7. Don’t waste money on a fancy hotel room

Why go to an expensive hotel room if you’re only going to shower and sleep there?

If you really want to enjoy yourself in the culture of a certain place, go for local homestays or individually-run small guesthouses instead. Not only they are cheaper but you’ll get the chance to socialize with the locals. It is the best way to gather information such as travel tips, food and attraction recommendations and knowledge on their ways of life.

8. Stay away from touristy restaurants. Eat where the locals eat.

The most important thing when you are travelling is to try the local cuisine. Look out for eateries filled with local folks, rather than tourists.

9. Head to supermarkets the hour before they close

In large supermarkets, you will find cooked foods like chicken wings, pizzas, and sushi on discount.

10. Shop wisely

Do street shopping. You will always fine a variety of items that you can wear at a fraction of big chains’ retail prices plus you won’t see someone with similar thing back home.

11. Keep your excess foreign currency

Lots of people like to change their foreign currency back to their own local currency upon return. Micron Associates Travel Guide recommends that you should keep it for future travels instead. By doing this, you just need to change less for the upcoming trip.