Backpacking on a Budget

If you’re heading out on a trip around the world, then you’ve probably saved and saved and saved. Even if your budget is huge, that money still has to last you for the entire trip. It’s incredible how far your budget can stretch, and it can do even more if you’re careful. However, this doesn’t mean that you have to sacrifice the things that you want to do.

You can make huge savings my cutting down on every day things, leaving plenty for all the things that you want to see and do.

Preparation is Key

While you are still working and saving, make sure that you’re really prepared.

Things like finding a bank that offers a good ATM withdrawal rate or doesn’t charge you for withdrawing abroad.

Figure out a way so you can understand, and keep on top of, the exchange rate. It can get confusing if you’re moving quickly through different countries, so it’s important to stay on top of it.

Keeping your documents safe will be essential for keeping to your budget, as replacing them can be costly. So, whether you invest in a bum bag or a cloud storage system, making sure that your documents are safe will be one of the best things you ever did.

Don’t book too far ahead as if your plans change, you will end up losing money on deposits.

Invest in good quality clothing. This is especially true if you’re heading somewhere cold or rainy. Buy the best that you can, like the brand Rab, because you need to be able to rely on this for the whole trip, but don’t buy anything too flashy because you may find yourself a victim of theft.

Learn the language. This may open up more opportunities than you might realise, both in discovering new experiences and in terms of saving money.

While You’re There

Stay away from the touristy areas. You won’t have to go far, but you’ll save a lot of money on the sky high prices reserved for tourists.

There are lots of ways to save money on food and drink. The best way is to eat and drink less, i.e. try and avoid boozing too much, as it can really eat into your budget. Try and eat big meals, rather than lots of little ones.

Travel by public transport, unless you feel confident enough to haggle with taxis – and if you’re a single woman, that’s probably a best avoided situation anyway.

So whether you feel like you have lots of room to spare or your budget is tight, you can never have too much too play with when it comes to your budget whilst backpacking, so use these tips to help you make your money go further.

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