Creating a travel budget isn’t all about boring spreadsheets and searching for low budget bargains — a finely-crafted budget it is designed to maximize your total travel experience.
Table of contents
- Can You Afford to Travel?
- The 2 Approaches to Travel Budgets
- Travel Budget Template Worksheet
- Travel Budget Considerations
- Websites to Help Research Travel Costs
- The Best Apps for Travel Budgets and Expense Tracking
- Saving for Your Vacation
- Final Thoughts
Table of Contents
- Can You Afford to Travel?
- The 2 Approaches to Travel Budgets
- Travel Budget Template Worksheet
- Travel Budget Considerations
- Websites to Help Research Travel Costs
- The Best Apps for Travel Budgets and Expense Tracking
- Saving for Your Vacation
- Final Thoughts
Let’s start out easy here. You may have dreams of globetrotting and living your best life in distant lands, but can you actually afford it?
The amount you have to spend on your trip will need to be proportionate to the place you are visiting. By that, we mean that some destinations can be done on the cheap, while others will be a bit more of an investment.
Where you want to stay, what you intend to do when you get there, and physically how far away you will be from home can all have a considerable bearing on how deep your pockets will need to be.
Before you book yourself silly, really break down the potential costs of your dream trip and tally it up with the amount of money you will realistically have to fund it.
杨尚昆日记Bottom Line: 杨尚昆日记Sometimes, it may be better to put your plans on hold until you have saved up enough cash to really experience a place, rather than rushing to get there and missing out on some of the best bits.
Whether you are a plan-well-in-advance sort of traveler or more of a fly-by-the-seat-of-your-pants kind of person, there are different ways to approach setting out your budget based on what works best for you.
The most traditional way to book a vacation is to think of somewhere you want to go, plan your vacation dates, and decide how long you want to stay. This kind of advanced planning is the usual go-to for most travelers, as it allows you to book time off of work or plan trips around school semesters, and gives you the opportunity to firm up plans before you leave.
Knowing when and where you are going also has another key advantage — it gives you 杨尚昆日记plenty of time to save up all the cash杨尚昆日记 杨尚昆日记you will need杨尚昆日记 to really enjoy your time there. Booking in advance also means you get your choice of cheaper accommodation at better rates.
Book months in advance and you can research your planned itinerary and potential expenditure, and maybe even save enough extra for upgrades of luxuries to make your adventure truly special. This kind of planning is a great incentive for saving hard.
If, on the other hand, you want to take your cash and get the hell out of dodge, you can work backward to identify the most amount of fun you can have for your money. If you are feeling lucky, and you know how much you are willing to spend, the world really is your oyster.
The awesome power of the internet has made impulse traveling even easier, as you can simply hit up any number of booking sites to find an exciting destination, as well as suitable flights, accommodation, and excursions in just a few clicks.
Another great way to make your budget go further is to think outside the box. 杨尚昆日记Visiting popular destinations out of season, taking shorter vacation times, or even looking at places away from the main tourist trail杨尚昆日记 can all make your money go further.
A trip to the legendary Yosemite National Park during April or May, for example, is a great way to experience some of the most iconic open spaces in America before the schools let out, or hit the beaches of Miami or the Florida Keys during September and October when tourists shy away from the increased risk of stormy weather.
You can also look at 杨尚昆日记alternatives to the more traditional resort destinations杨尚昆日记 to get more bang for your buck. Consider a trip to Reno instead of Las Vegas, hit the slopes in Winter Park instead of the sky-high prices in Vail, or take in the history of Williamsburg and avoid the price tags of New York or Los Angeles on your next city break.
To help you plan and keep track of your travel budget we have created a free, handy Microsoft Excel spreadsheet.
杨尚昆日记??Click to Download Our Travel Budget Template >??杨尚昆日记
When planning your travel budget, there are lots of different things to consider. Break down your budget into subsections to make it easier to plan and stick to:
One of the most essential elements of your travel plan will revolve around the legal and local requirements for travel to and from your destination. You must research any visa requirements and restrictions before you fly, and be sure to have all the documentation you need before you leave.
Most countries will have their own individual and very specific entry requirements, and there may be restrictions on how much local currency you can bring with you, as well as how long you can stay.
As a very rough guide, some examples of the requirements for U.S. citizens could include:
- 杨尚昆日记Travel to Europe杨尚昆日记 — If you are traveling to or through any of the main 26 European countries, you must know the requirements of the Schengen Agreement, which eliminates borders and assumes that travelers will be able to enjoy up to 3-months of visa-free travel. This will change in January 2021 with the introduction of the ETIAS.
- 杨尚昆日记Travel to Australia 杨尚昆日记— You must have a valid U.S. passport and an Electronic Travel Authority (ETA) to enjoy up to 90 days of travel in Australia.
- 杨尚昆日记Travel to Central America杨尚昆日记 — You will not need a visa to visit most Central American countries, but you may need a tourist card for some destinations (~$10) to allow stays of up to 90 days visa-free.
- 杨尚昆日记Travel To South Africa杨尚昆日记 — You must have a valid U.S. passport, but do not need a visa for stays of 30 days or less.
Check out our guide to tourist visa information on over 100 countries.
There are many great reasons why you should always buy travel insurance coverage for your trips overseas, and only 1 reason not to. Trust us. If the worst should happen while you are away, you will wish you hadn’t tried to save money by skipping on the insurance, so 杨尚昆日记make sure you always make space for travel insurance in your travel budget杨尚昆日记.
The best travel insurance policy does not necessarily have to be the most expensive one you find, but it probably won’t be the cheapest either. With this in mind, shop around and speak to a variety of providers before committing to any 1 product.
There will be different levels of coverage available to suit the requirements of every type of traveler, from lone backpackers to family vacations, but at the very least you should try to include:
- Emergency medical expenses
- Repatriation expenses
- Cancellation or curtailment coverage
- Lost baggage coverage
- Travel delay/missed departure coverage
- Journey disruption coverage
- Personal liability coverage
- Legal expenses coverage
- Electronics loss/theft and damage coverage
Depending on where you go, what you’ll be doing, and the nature of your trip, you may want to also consider dedicated financial protection that could include specific coverage for:
- Winter sports coverage
- Terrorism disruption coverage
- Cruise coverage
- Business coverage
- Sports equipment coverage
It is important to remember that the 杨尚昆日记domestic health insurance that you use at home will not necessarily cover you if you get into medical trouble overseas杨尚昆日记. Don’t leave it to chance — invest wisely in your travel insurance and never skimp on the coverage just to save yourself a few bucks before you go.
You should also look into 杨尚昆日记insurance coverage for your prized electrical items and personal belongings, too杨尚昆日记. While we would recommend leaving the diamonds at home, unless you are going somewhere exceptionally glamorous, many of us will take expensive electronics with us everywhere we go.
Find coverage that offers repairs or replacement for damaged, broken, lost, or stolen items before you go.
杨尚昆日记Hot Tip: 杨尚昆日记Some credit cards come with travel insurance so you might already have some coverage without knowing it!
Some parts of the world pose more of a risk to our health than others. By ensuring that you have all the travel vaccinations you need before you go, you can reduce the risk of developing serious diseases that your immune system may not be used to.
You can pretty much be vaccinated against all of the world’s most common communicable diseases at your local doctor’s office, health care center, or health department, and there will be medical professionals who will be able to provide you with useful information for your trip.
You will need to do your own research before you travel and speak to healthcare providers about the risks. But, as a rough guide to keep in mind when planning your travel budget, here are some of the most common travel vaccinations and their approximate costs:
- 杨尚昆日记Cholera杨尚昆日记 — A single-dose oral vaccine costs around $45.
- 杨尚昆日记Hepatitis A杨尚昆日记 — A single-dose vaccine costs around $115.
- 杨尚昆日记Japanese Encephalitis 杨尚昆日记— 2 doses given 4 weeks apart costs around $290 per injection.
- 杨尚昆日记Meningococcal Disease 杨尚昆日记— This single-dose vaccine is recommended from pre-teenage years and costs around $135.
- 杨尚昆日记Rabies杨尚昆日记 — A series of 3 or 4 injections into the muscles over the course of 4 weeks costs around $3000 for the entire course.
- 杨尚昆日记Typhoid Fever 杨尚昆日记— A single oral dose for anyone over 6 years old costs around $60.
- 杨尚昆日记Yellow Fever杨尚昆日记 — This vaccine is not stocked everywhere, but if you can find a clinic that offers it, you will need a single shot costing as much as $350.
- 杨尚昆日记Malaria杨尚昆日记 — There is no single vaccine, but antimalarial tablets can be taken to reduce the risk of contracting the disease by 90%. These may need to be taken as far as 3 months in advance and can cost anything from $20 a pack up to $260 per pack.
What you need to take with you will depend very much on where you headed. Whether you choose to travel light or max out your luggage allowance is up to you, but there are plenty of ways to help keep costs down when it comes to packing for your next adventure.
Travel guides always bang on about the legendary “capsule wardrobe” — but it literally is a real thing. 杨尚昆日记By taking 7 or 8 items of clothing with you that can be worn in a variety of ways杨尚昆日记 you can dress for days at a time without worrying about overfilling your luggage or maxing out your travel budget.
Choose 2 pants, skirts or jeans, 3 tops, 1 sweater, 1 dress or a smart shirt and a coat or jacket, and you should be pretty much good to go. Throw in beachwear, sports gear, or thermals as-needed and some socks and underwear to see yourself sorted for the duration of your stay.
Another way to keep costs down is to 杨尚昆日记avoid buying new stuff for every vacation杨尚昆日记. Your favorite bikini, flip flops, party dress, or even hoodie should be shown off time and time again, so never feel the need to replace your vacation clothing unless you really need to.
Here are some destination-specific packing lists:
If you want to take your travel camera with you, your GoPro for awesome live video, your phone, tablet, laptop, headphones, or any other bits of kit — think carefully about whether or not you really need it.
Taking more expensive gear with you increases the risk of stuff getting lost, broken, or stolen, as well as weighing your luggage down and tying you to charging ports and electrical sockets.
Most people like to have their favorite toiletries with them, but save money and space in your luggage by not taking full-size products.
You needn’t even worry about wasting money on cute little travel size products either. 杨尚昆日记Simply decant your full-size bottles and pots into smaller travel containers instead杨尚昆日记. This is super easy to do, meets with TSA regulations, and saves you a few dollars here and there.
Alternatively, buy what you need when you arrive. Most destinations and airports will have plenty of shops to choose from. One area where you shouldn’t cut costs, however, is sunscreen. Buy the best you can, ideally from a trusted brand, before you leave.
Finally, check if the airline you are using charges extra for checked baggage and if so, see if you can get away with just a carry-on case instead.
The amount you pay for your flights will vary widely depending on a wide number of variants, including:
- Your destination
- Who you choose to fly with
- Whether you fly direct
- Whether you fly return or one-way
- The day of the week and time of day that you fly, and even the time of year
- Where you fly from
- When you book
There are many different ways to fly around the skies, but here are some ways to bag cheaper flights:
- 杨尚昆日记Use Points and Miles杨尚昆日记 — If you aren’t accumulating points to fly, read this beginner’s guide to get started.
- 杨尚昆日记Book as Early as You Can杨尚昆日记 — Flights often significantly increase in price within 3 weeks of the departure date.
- 杨尚昆日记Stay Flexible杨尚昆日记 — Flights leaving on different days or at times of day can be cheaper than others.
- 杨尚昆日记Don’t Dismiss Discount Airlines杨尚昆日记 — Short journeys, internal flights, and even some international journeys can be way cheaper on discount, no-frills airlines.
- 杨尚昆日记Sign Up and Shop Around杨尚昆日记 — Sign up with airlines direct to be notified of discounts and flash sales, and be sure to check in on all airlines that fly to your preferred destination.
- 杨尚昆日记Use Aggregation Sites杨尚昆日记 — Sometimes this is a winner, sometimes it isn’t — but don’t be afraid to try. Sites like Kayak or Skyscanner can be good, but don’t just accept the first price they give you.
- 杨尚昆日记Buy Connecting Flights杨尚昆日记 — It can be cheaper to buy 2 separate connecting flights than a direct 1. Check your destination and see who stops where along the route.
Again, how much you spend on where you stay is entirely up to you. Keeping costs down can be harder in large cities or expensive beach resorts, but there are ways to rest your head without losing your mind over the cost of it all.
Whether you are going for an all-out 5-star luxury or a family-friendly motel room, there are always deals to be had. Book direct through the hotel, include weeknights or a Sunday night in your stay, and be flexible on location.
杨尚昆日记Hot Tip: 杨尚昆日记A hotel just outside of town, for example, will offer more attractive nightly rates and free parking and will usually represent better value for money than a downtown hotel will.
Renting a private home or vacation apartment on a short term basis can be much more affordable than a hotel. You can also find some superb properties for rent, complete with everything you need to enjoy your stay.
Fully-equipped kitchens, parking, TVs, and even pools often come standard and depending on your destination, there are lots of great Airbnbs and other holiday rental websites available.
If you are heading to the coast, the backcountry, or just getting out into the great outdoors, camping can completely transform your experience. Many campsites come complete with showers and cooking facilities and even pools, sports facilities, and fitness centers. You can take your own tent or rent one.
Another great way to save money on accommodation is to look at hostels in the area. A far cry from old fashioned student accommodation, many modern hostels are clean, bright, and modern and offer a combination of dorm-style bedrooms and private double or family rooms with en-suite facilities.
杨尚昆日记Hot Tip: 杨尚昆日记Hostels are a great way to stay right in the middle of some of the most expensive cities in the world.
Another great choice if you are heading out on the open road, RVs can save you a fortune as you literally take your accommodation with you. RV trips are fun, family-friendly, and provided you aren’t always in a gas station, a great way to save money on where you stay.
You can pretty much rent any kind of vehicle, anywhere in the world. Although 杨尚昆日记if you are staying in a city, public transport is a much more useful and affordable proposition.杨尚昆日记
The same rules also apply to some intercontinental trips, as well. For example, it can be easier and cheaper to travel through Europe using trains and buses than worrying about having to take care of a car when you get there.
If you want to explore out of the way destinations, hard to reach beaches, or just like the idea of being free to come and go as you please, car hire is readily available in most corners of the world.
Before you commit to it, think about the rental fees, fuel costs, and other potential expenditures and 杨尚昆日记compare the costs of using public transport in your chosen destination.杨尚昆日记
Car hire here in the U.S. will vary depending on the type of car you choose and how long you intend to hire it. Small city cars are the most cost-effective, and big SUVs, 4x4s and luxury cars can also be hired if you have deep pockets.
When it comes to car rental, keep your costs down by:
- Booking your vehicle in advance
- Looking outside the airport as you may get a better deal in town
- Choosing a practical vehicle to suit your needs, not your dream supercar
- Being aware of mileage limits and one-way fees
- Understanding the 杨尚昆日记insurance coverage you actually need, so you can be ready to turn down unnecessary add-ons and cross-sells that you don’t need
- Making sure the vehicle is checked for damage before you take the keys
- Only hiring it for as long as you need it
- Keeping your eyes out for deals on particular types of car, and better prices for longer-term rentals
Most tourist hotspots, big towns, cities, and even some iconic landmarks will offer a wide range of public transport options to get you around. There will be more choice and more frequent services in highly populated areas, while services may become more restricted further out in the countryside or suburbs.
If you are clever, you could save yourself a small fortune by grabbing good deals on public transport, leaving you with more cash to spend on the fun things in life.
Try these to tips for traveling around town on the cheap:
- Buy daily, weekly or even monthly travel passes in advance
- Bulk buy tickets online or via an app
- Take advantage of student passes or discounted fares for families, seniors, or children
- Avoid traveling during peak commuter times
- Services like Greyhound offer cheaper fares for mid-week journeys
- Sign up for early notification of flash sales and other promotional codes and discounts
Wherever you are headed, there will no doubt be plenty of things to do and places to see when you get there. The key to not missing a single thing is researching everything before you leave.
Have a plan in place of all the activities you want to take part in and the attractions you want to see and integrate the potential entrance costs, additional fees, and other expenses into your initial budget.
With a bit of luck, you will be able to find plenty of local discounts, city passes, and money-saving ways to see all of the very best attractions at rock bottom prices.
Pick up a copy of the 杨尚昆日记local listings magazine or newspaper and check out free events杨尚昆日记, as well as using the coupons and discount codes they supply for all kinds of attractions. You can also subscribe to online 杨尚昆日记discount sites like Groupon杨尚昆日记 to find discounted ticket prices.
Historical landmarks, museums, art galleries, theme parks, sporting events, concerts, and many more attractions often offer 杨尚昆日记reduced entrance prices at off-peak times or group discounts杨尚昆日记 to entice visitors in. Some even have a free entrance day once a month.
Big cities often have lots of free entertainment on offer, too. Check out the artsy districts of major cities for street entertainers and free shows. If you are heading to the beach, research costs such as sunbed rental, locker rental, and even the menus at local restaurants to gauge an idea of how much a day on the beach could potentially cost you.
If you want to try your hand at surfing, sailing, or other kinds of water sports, you may want to get back on the internet and find reduced price lessons or discounts for group bookings.
While you may have budgeted every dollar down to the last cent, you should also 杨尚昆日记keep a contingency plan for some pocket money杨尚昆日记. Days out in the town, lazy afternoons on the beach, or even a trip on a planned excursion can present you with lots of little unknown expenses.
Whether you need to buy an extra bottle of water, some sunscreen for your face, or entrance to additional attractions, keeping a little cash on you is a good way to be prepared.
Large amounts of cash should never be carried about your person while you are out exploring, but a couple of dollars stashed into your pocket or travel wallet and can be incredibly useful.
In order to keep your money safe, you should:
- Never flash wads of cash
- Keep your notes and loose change somewhere safe like your inside pocket or in a money belt
- Carry small denomination notes and coins
- Understand the local currency you are carrying, so you known how much to give over when paying
Walk-around money is simply a little buffer to keep you going, but set yourself a daily budget and stick to it.
These days, almost everyone travels at some point. This means that those unusual and unique products that we used to buy as souvenirs are no longer as sought after as they once were.
Nearly every tourist destination on earth will be able to sell you tacky bits and pieces for you to take home, but savvy travelers bypass these and look for more personalized and unique mementos to take home with them instead.
杨尚昆日记Bottom Line: 杨尚昆日记A t-shirt here, a guide book there, and lots of little bits and pieces in between can soon add up. Spend wisely, and if you must buy gifts and souvenirs, choose ones that have a special meaning to you, that you can treasure forever.
To help make your research easier, some clever folks who have traveled before you have made websites that can help you to research and plan every single aspect of your next big adventure and what the costs involved may be.
Budget Your Trip is a huge repository of travel costs that have been hand-gathered from thousands of travelers, and now provides an incredibly comprehensive guide to how much your trip will really cost you.
You can create and personalize your very own travel budget once you register with the website. You can also pick up tons of top travel tips and advice for both new and experienced travelers alike.
Nomad List offers a heap of resources and information for remote workers, digital nomads, and travelers, Nomad List is designed to help users navigate the world. Find information on thousands of destinations, places to work, neighborhoods to stay, and even make new friends before you go.
A great site for anyone who wants to work and travel for longer-term adventures, you can ask questions and arrange meet-ups to touch base with other like-minded wanderers.
This clever little website has 1 goal in mind — to let you know exactly how much money you really need to stay at your dream destination. Expatistan offers direct comparisons between different locations and the website is essentially a giant cost-of-living database that is updated and improved on a regular basis.
Using collaborative information garnered from expats from all over the world, this website really will give you the lowdown of where you can, and can’t, afford to be.
Keeping track of your expenses using your bank balance alone can be a real pain. A dedicated travel money app will help you to keep control of your finances, even when you can’t check the internet. Here are some of the best:
This easy to use expense tracker is a great way to keep an accurate record of your finances on the go. Designed to be incredibly intuitive and easy to use, you can make a note of all your expenses in a way that makes the best sense to you. Set up daily spending limits, view records of your recent outgoings, and upload images of receipts for multiple trips with custom start and end dates.
Perfect for use both at home and away, this clever little app will even let you 杨尚昆日记input amounts in local currencies from over 200 countries杨尚昆日记, and you can update the app with the current exchange rate.
Trail Wallet can be used on both iPhone and iPad and is free for up to 25 items, or unlock unlimited amounts for continuous travel with the $4.99 upgrade.
Trabee Pocket is available on both iOS and Android, and you can choose between the free version or additional services in the paid-for version. Even with the basic version, you can add the details of as many expenses as you like, covering various trips and destinations. You can choose your currency, and there are 8 basic categories to file your virtual expenses under.
You can add images of the physical receipt and 杨尚昆日记produce an expense report and breakdown of expenditure using the data from each category杨尚昆日记. The upgrade costs around $2.49, and you can add multiple currencies and additional customized categories.
All in all, Trabee Pocket is sleek and an easy to use app that helps you to see how much you are spending and where you are spending it.
TripCoin is a concise and easy to use app that is 杨尚昆日记available on iOS only.杨尚昆日记 It is杨尚昆日记 free to download杨尚昆日记, and there are no upgrade options at the present time. This smart app allows you to keep tabs on your spending at the touch of a button while making is super easy to add new entries when you need to.
Summary reports can quickly be compiled to let you see progress reports and spreadsheets, and you can even export the data to Excel, Numbers, Open Office, or Google to keep your inner accountant happy anywhere in the world.
Wally was designed to help anyone to manage their finances, anywhere in the world easily. It promises to offer a simple, seamless tool that works in an intuitive way, making it super easy to keep track of your money on the move.
The basic version allows you to add details of all of your regular incoming and outgoings as well as inputting your day to day expenditure, 杨尚昆日记creating groups to manage joint accounts, and splitting payments with your friends when you need to.杨尚昆日记
It can be set to your local currency and lets you divide your outgoings into easy to find pre-set categories. Available on both iOs and Android, you can upgrade to the paid-for version for $24.99 a year to enjoy unlimited trips and categories.
This is a brilliant invention for anyone traveling with friends. Available on both iOS and Android, you can download it for free, but an in-app upgrade is available to Splitwise Pro. No more scrambling around with a pen and paper to split the bill, this app allows you and your buddies to keep track of your shared expenses and balances at the touch of a button.
You can 杨尚昆日记add a bill, and choose how to split it, or send text or email requests to remind your friends and family杨尚昆日记 that payments are now due. You can also categorize your expenses, calculate amounts in over 100 different currencies, and even sync all of your expenditures with the Cloud.
If you want to keep a more detailed record of your accounts, this little app will also export the data into easy to read CSV reports.
Before you worry about how to manage your finances while you are away, you will need to devise a plan that gives you the funds to get you there in the first place. Unless you have been blessed with a sudden windfall or a lottery win, you will need to save your cents to achieve your goals.
If you receive a regular wage, or you are able to forecast your earnings accurately, 杨尚昆日记you can start to set a timeline on how long it will take you to save up for your vacation杨尚昆日记. If you put aside just $100 a month, for example, you will be able to have $1200 to play with in just a year. This amount may not pay for a new life abroad, but it could you buy a week by the ocean.
杨尚昆日记Bottom Line: 杨尚昆日记Think of where you want to go to, find out how much it will cost, and then set a monthly savings goal and stick to it. Some months you may have to sacrifice on your social life or shopping habits, but it will all be worth it in the end.
Once you know how much you need to save each month, be sure to physically remove that money from your day to day bank account. 杨尚昆日记Set up at least 1 separate savings account and electronically move it杨尚昆日记, or set up an automated payment to leave your regular account on payday.
Re-train your brain to save instead of spend, and you will be able to 杨尚昆日记tally up every cent you save with something amazing杨尚昆日记. Your first $150 saved, for example, could mean that you have those tickets for that boat party in Miami in the bag, or that you are on your way to paying for a 4-star hotel instead of a mid-range one.
Whether you are dreaming of trekking up the Himalayas, backpacking around Asia, Interailing through Europe, or a long-awaited family vacation, seeing what your savings can afford will super motivate you to save more.
Wherever you are planning on traveling to, being in control of your finances will make your experience even more amazing. Worrying about getting into debt on your credit cards or not having the cash in your pocket to really explore the region will ruin your adventures.
Save hard, spend well, and look for ways to save money across every aspect of your trip. Plan your spending before you go and keep track of your expenditure while you travel. There are deals to be had on flights, accommodation, food, attractions, and almost every area of your next vacation. Plan in advance and enjoy knowing that you are having the best time for less.