ByHarrison

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Traveller Tips: Funding Your Travels

Funding

“I’d love to be able to travel”, “It must be so nice having the money to travel”, “I could never afford it”. These are just some of the comments I’ve had from people when I announced my travel plans or whilst I’ve been on the road. And to be fair, these are comments I’ve made my entire life up until I bit the bullet and realised just how accessible it can be. Travel doesn’t have to be expensive. There are means and ways of going about it that ensure you have enough money to live, that you can see the world and live the life you’ve always dreamt. So buckle up and take notes, today I’m spilling the tea.

It really depends on what kind of person you are and what kind of travel you want to do. Usually there are two types of travellers. I’m going to break this blog post down into two sections. I’ve not been doing this for very long, so there are probably more than just two types but for now, these are the most common. We’re going to call them Backpacker Travellers & Boujee Travellers. But before we get going, let’s throw a third section into the mix with a few little tips on saving up prior to leaving the country.

Funding

// Funding Your Travels – The Saving \\

I don’t think you can ever truely plan for how much money you’re going to need whilst you’re on the road. One of the things I love about travel is just how open ended and freeing it is. One minute you could have plans to be on a road trip, then the next day they’ve all changed and you find yourself booking a flight to a new country. Everything changes so quickly whilst you’re on the road but there are definitely a few steps you can take to plan for the funding of your travels before you even leave.

Save, Save, Save – it’s probably the most obvious one but just save all the money you can. Be careful about what you’re spending, make sure you’re saving and just keep adding to that savings account. A tip: have 2 savings accounts. One for whilst you’re gone and one for when you’re back. Sooner or later the travels may come to an end so you’re going to want to return home with some money in the bank. Make sure you’ve got yourself a rainy day fund for your return or if something happens whilst you’re away.

Sell Yo’ Shit – You’re most likely going to be away for a long period of time, so there’s no point of leaving a bunch of stuff back home gathering dust. Electrical’s are the best thing to sell, but if you have anything of value that you don’t need anymore, then sell it to boost those savings. There are so many websites these days you can sell things on, it really won’t be that hard.

Spread The Cost – Before you go, there will be a bunch of things that need pre-booking such as flights, accomodation and transport. I’d advise you spread the cost of everything to avoid a whole chunk of money coming out of your account all in one hit. Give yourself some financial space and be smart with how you’re booking it. Also, do your research to make sure you getting the best deal possible!

Funding

// Funding Your Travels – The Backpacker Travellers \\

This section is for those who are so up for doing things on a budget. The ones who’d rather spend the money on the experiences than the accommodation. This one goes out to you.

Accomodation – Talking of accomodation, this is the area that (aside from flights) can often cause the biggest dent in the bank. But there are ways of getting around it. First and foremost, Hostels. There are hostels in probably every city around the world and if you do your research, you can get them at mega cheap prices. All hostels vary but you can often pick whether you stay in a dorm (cheapest) or whether you have your own room. But by far, Hostels are your cheapest bet.

Food – When it comes to food, especially if you’re a foody like me, this is where you can really spend the cash. Be smart with it and be careful with what you’re buying. Eating out is always more expensive than eating in. So if you’re staying at a hotel/hostel and you have cooking facilities, head to the supermarket and buy food to cook.

Experiences – When you travel to these amazing places, you’re going to want to head out and see all the things. More often than not, you’ll be hit with an entry price. This is where you need to get your thinking caps on. Depending on where you are in the world, you can often barter down on the price of anything. If you are going to barter however, show no weakness otherwise you’ll lose. Then it comes to prioritising. If something is really expensive to get into, weigh up what else you can do with that money and think whether it’s worth it. Do you pay a lot for one thing, or spread the cost and see loads of different things?

Funding

// Funding Your Travels – The Boujee Travellers \\

This section is definitely me. As much as I hate to admit it, I’m boujee AF and there’s no denying it. However, I still want to do things on a budget so this section is all about being boujee on a budget.

Accomodation – If hostels aren’t your thing, then you’re going to have to prepare yourself for spending that little bit more on accomodation. My advice to you and as simple as it may be, is to hit up AirBnB. It’s by far the cheapest way of getting accomodation. There are some really good places, with some really interesting hosts that help you out so much. I’m such a AirBnB fan, I really recommend it to everyone. Also, there are some really good websites, such as WWOOF that offer work in exchange or food & accomodation. This is a great way of avoiding spending out on a room when you can do a little work around the property and get the food and room in exchange.

Food – If you’re going to stay in an AirBnB, you have the cooking facilities you need to be able to cook. However if you’re not up for that then I’d suggest hitting up the fast food chains or going somewhere independently owned. Avoid the big chain restaurants as they’re the ones that usually charge more. And look, who doesn’t love a macca’s?

Experiences – I think on this bit, I’d just like to echo the point above. It’s all about prioritising and seeing what’s around. You’ll also be surprised how many places are free to get into. Take Paris for example, if you’re under 25 then all tourist attractions are either free or half price. It all adds up and definitely pays off to do your research.

***

Needless to say I could go on forever about how to fund and budget for your trip but at the end of the day, everyone does it differently. If you’re staying in one place for a long period of time, then I’d suggest looking into some part time work whilst you’re there, just as a way of replenishing some of the money you’ve spent. But most importantly, remember… Research pays off!!

| By Harrison |

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2 Comments

  1. 20/04/2019 / 4:37 pm

    Loved reading this!! Great work – So helpful!

    • harrisonbeach
      Author
      22/04/2019 / 1:52 pm

      It’ll be an important one if we’re going to travel!

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