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There are loads of tips for saving money while travelling. We’ve extended our trips 2-3 months longer in the past by following these simple rules. Travel doesn’t need to be expensive! We’ve come up with this list of our favourite ways to save money, we hope it can save you a few bucks too!

Here are a few tips for saving money while on the road:

1. Book flights either the day of departure or 3 months before: Flights are generally the cheapest around this time. If you plan your trip in advance, get the tickets in advance. If you’re within the 3 month threshold, consider waiting and trying to find a last-minute deal.

Travel Tips for saving Money
Book You Planes In Advance Or Last Minute!
Booking.com
Booking.com

2. Book rooms on Booking.com long before your arrival: I know a real backpacker doesn’t like to book things too far in advance, but there are some amazing deals to be had on sites like Booking.com and HostelWorld. If you book in advance you can really capitalize on some killer savings. We had a 2 level loft apartment in Greece, close to the beach, with a pool for just 22 Euros/night. We also got another nice apartment in Marmaris, Turkey for just 8 Euros/night!

3. Find cheap, local airlines: If you’re in Asia, check out AirAsia.com. If you’re in Europe, check out RyanAir.com and EasyJet.com. These airlines always have great deals and you’ll save a lot of money on your flight. If you’re in places that don’t have many cheap, local airlines, use flight services like FareCompare, Expedia, Kayak and Google Flights to search hundreds of airlines and booking sites for you. There are many discount airlines and budget flights to be found!

Travel Tips To Save Money
Flying with AirAsia and other budget airlines can save you a lot of money.
Travel Tips To Save Money
Go In The Off Season

4. Travel in the off-season: We tend to be fair weather travellers. We follow the globe according to weather but it hasn’t always lined up for us. When we’re in a country in the off season, we enjoy super cheap prices, and more often than not, nice weather! If you’re a penny pincher, consider travelling in the off-season.

5. Avoid public holidays: If you want to save money, avoid public holidays like the plague. You don’t want to arrive in the Philippines over Easter and you don’t want to go almost anywhere over the Christmas holidays. Sure there are some great festivals to see during certain times of the year, but if you’re on a budget, you should avoid them unless you absolutely need to see them.

6. Eat locally: This one should go without saying. One of the best ways to experience a culture is through its cuisine. We always ask our hotel/hostel staff where their favourite restaurant is in the area. While the Lonely Planet has some great recommendations, they can often be outdated and overpriced due to their placement in the book. The staff at your hotel will know just the place for a delicious cheap local meal.

Travel Tips for saving Money
Some Delicious Local Food

7. Learn some of the local language: I’ve personally seen this trick in action many times. I’ve been able to bargain down prices to nearly half of what my travel friends were quoted, not because I’m better at bargaining, but because I knew a few words in the local dialect. Don’t kid yourself, a shop owner will see you coming a mile away and to them, we’re all rookie travellers that don’t know better. If you bargain in their language, then you’re sure to impress them and show them that you’re not just “another tourist”.

8. Overpay your credit card: Did you know that if you make purchases overseas from your credit card, then the interest begins accruing immediately? The only way to prevent this is to overpay your credit card and give it a positive balance.

Travel Tips To Save Money

9. Open a select service account: If you’re Canadian, go to TD Canada Trust and open a Select Service Bank Account. These accounts allow for unlimited overseas transactions with no debit fees and no monthly charges (so long as you keep $5000+ in the account). There are cards like this in many different banks around the world including HSBC and CITI Bank so just talk to your local banker and try to find an account that works for you. Normal debit cards charge $5/overseas transaction as well as other fees.

10. Stay off the main tourist trail: This is one of our favouite tips for saving money! This doesn’t mean you have to be overly intrepid, it just means that you don’t need to stay right on “the strip”. There’s always a tourist hangout, and it’s often ruined by hordes of fellow foreigners. All of the shops, hotels, bars and restaurants in these areas jack up their prices because they pay more rent to be where all of the tourists are. So why not stay just a few blocks away? The nights will be quieter, the locals will be friendlier and your wallet will be heavier!

Travel Tips To Save Money
Try Taking A Detour And Finding Your Own Way!

We’ve always travelled on the cheap and we have never sacrificed fun for finances. Be sure to splurge for things that you really want to do. Die hard budget travellers can travel for free by Couch Surfing and Volunteering. Probably the best tip for saving money is to choose the right destinations. London and Amsterdam will never be cheap places to stay, so while they may be worth a visit, consider a short visit there and save your long trips for cheaper cities like Kuala Lumpur, Bangkok and Istanbul!

What are your tips for saving money while travelling? Share with us below!

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Goats On The RoadWritten by

Nick & Dariece started this website to encourage others to do what they love. For some it’s travel, but happiness comes in many forms. It’s all about lifestyle design.

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19 thoughts on “10 Travel Tips For Saving Money

  1. I love booking.com I have scored some really cheap deals on there. Sometimes I’ve paid a few dollars for rooms its nuts! I never thought about the overpaying your credit card. That is a good idea. Good call on the select service accounts. I never knew those existed! Makes things super convenient for sure. I am going to go check that out. Thanks for the tips!

  2. I think #6 and #7 are especially important. Knowing some of the language will also allow you to make a more personal connection to locals, which in turn can lead to other doors being opened which could save you money!

  3. We have always used booking.com! We love it because it shows you the hostels, guesthouses and hotels! All in one place. We also love budget airlines, eating local and using local language. It’s all part of the immersion. 🙂

  4. Great tips, guys! I definitely know you have budget traveling down to a science. To add to #9, for Americans I suggest opening up a Charles Schwab bank account. There are no foreign ATM fees, meaning you can withdraw money from any ATM in the world, and at the end of each month they will credit back any fees that you were charged by those banks. It has saved us $100s over the years! Capital One is also a great credit card as they have no foreign transaction fees either.

    1. Awesome tips for Americans Jen! Cheers for that. Hmmm, now only if there were a bank in Canada that would credit back any fees that an ATM charged us over the years, we’d be able to travel forever!

      Thanks for the comment 🙂

  5. Great tips! We always try to eat locally, and picking up a few words in the local language is huge! We also try to walk or cycle everywhere we go to cut down on transportation costs, and experience more of our surroundings 🙂

  6. airbnb.com is another good site for renting a place for an evening or longer and your usually renting from a local instead of a hotel or even hostel.

      1. Please becareful in AirBnB … some people have been caught out by a landlord or lady advertising one place and then offering another which is not listed in AirBnB, you are asked to pay outside of AirBnB, and the place either doesnt exist or it will be booked when you get there. I was asked to pay for a flat in Goa in this way. I ignored the request and replied telling the lady I would only pay thru AirBnB. She replied with a grumpy email saying if you dont pay me you wont have anywhere to stay.

  7. We’ve inadvertently been traveling in the low season for the last ten months, and it’s been great! It’s interesting to see a place when it’s not packed with tourists! Damn gringos! =P

    I had no idea credit cards start accruing interest right away, yikes!!!

    1. Isn’t the off season great? Especially nowadays when you really can’t predict the weather anyway! Less tourists, discounted rooms, what more could you ask for?

      As for the credit cards…we only learned this recently and for our last trip, we overpaid it a few hundred dollars so that we could use it interest free if we needed 🙂

      Happy trails!

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