Travelling can be expensive depending on where you are going, with many holidays costing a small fortune without the addition of spending money. Although it can take time to save up the money for your dream holiday, it is important to prioritise your career and finances before jetting off for some fun in the sun.
However, if you are looking for a short trip to celebrate but have a tight budget, this can be difficult. Although it may seem like a challenging task, we have the perfect graduates to travelling on even the tightest of budget to help you explore the world without breaking the bank.
Get a job overseas
Travelling doesn’t always have to cost you large sums of money, but by getting a job overseas you have the perfect opportunity to travel the world whilst earning. Many look to travel for long periods of time either on a gap year or just to travel the world and having a job could be the perfect way to fund the trip.
If you are lucky enough to find a position overseas straight after coming out of school, this is a great way to further the knowledge that you have learnt over the years whilst travelling in a budget-friendly manner. If you do not have an office job, for example, becoming a digital nomad or even a temp job as a waiter is a perfect way to earn money to fund your travels without being tied to one location for too long.
This is ideal for those that are looking to travel before pursuing a career as this work experience will help to enhance your CV and make you look more appealing to businesses.
Get your finances in order
It may be tempting to take out a loan or use a credit card to cover the costs of your travels. But it’s important to remember that this is a form of debt and what you borrow needs to be paid back, on time and often with interest. You will need a regular form of income to ensure you can pay back the instalments. Although it may seem tempting to borrow a quick cash loan from a short term lender, you should only do so in a financial emergency. Instead of this, to fund your travels look for alternative ways. Whether this is by organising a fundraiser or crowdfunding on a popular social media platform, this can all help to gain the funds that you need.
Stay in self catering facilities
If you have a budget to travel but it is restricted, it may be beneficial for you to stay in a self-catering facility, particularly if looking to stay in some of the world’s most major cities. Not only is this cheaper than an all-inclusive hotel, but it also allows you to buy the items that you need without any waste. This is perfect if there are several people staying in one place as an apartment is often cheaper than a hotel and you can all cook large meals to enjoy together after a long day of exploring.
Stay with friends
If you are lucky enough to have friends scattered all over the world, staying with them when you travel is the perfect way to save yourself money. Not only will this eliminate the cost of accommodation, but it will also mean that you have food and a guide to show you around. This is particularly useful if it is your first time visiting this location as having someone who knows the area is always ideal. This will also help you to meet new people as you can then socialise with those that they know and connect with the locals, thus allowing you to explore as they would on a day to day basis.
Use public transport
If you are looking to cut costs even further, then using public transport to get around is ideal, particularly if you are staying in the city centre. Although it may seem tempting to opt for a taxi service, this can often end up costing you more in the long term. However, with public transport being regular in these areas, all you need to do is be aware of the stops and you could save yourself a significant amount of money wherever you are.
Whether you are looking to save up some money first and then travel or you are looking to go straight there, there are multiple options for you to save money along the way. Which will you try first?