How to Plan your Travel Budget

How to Plan your Travel Budget

How to Plan your Travel Budget

Traveling is great fun, but planning a budget can be a real hassle. It can be hard to predict how much a place costs, especially if you’ve never been there before. After a lot of travel around the world, I’ve come to see that there is a pattern between how much accommodation costs and what you’ll likely spend in the place you’re visiting. There are other tricks and tips which I’ll mention too, so read on if you’d like some advice for how to plan your travel budget:Image Credit: Guido 

how to plan a trip on a budget

1) Multiply your Accommodation Costs by Three A good way to figure out how much a place is going to cost you is to multiply the accommodation costs by three. The main costs associated with travel are: accommodation, transport, food and entertainment. If you’re staying a hostel that’s $20 per night, you can expect that it’ll cost you another $40 per day, on average, to be entertained and fed ON A BUDGET. If you stay in a mid-range hotel that’s around $100 per night, then you can expect to spend around $200 on entertainment and transport per day to maintain that same kind of standard of travel (eating out in restaurants, and so forth). Obviously this is not a hard and fast rule, but is a handy estimation that you can use when you are looking for accommodation online and trying to get an idea of costs

.2) Get In Touch With Someone Who Knows Do you have a friend who’s recently been where you are heading? Ask them how they found costs to be and how much they think they spent in certain places. If you don’t know anyone who’s ever been there before, why not get in touch with a local on a site such as Couch surfing and ask them for an indication of what stuff costs. Many people will be more than happy to help you by answering your questions and it can be super helpful to know these things in advance.Image Credit: akosihub 

3) Make a Budget, Stick to It, Once you’ve got a budget, stick to it. You have to be firm, especially if you’re traveling for a long time. There will be parts of your travel budget you can save on, and things you can’t. For instance, transportation costs tend to be set, although you can take cheaper alternatives such as the bus instead of the train. I find it helpful to only eat one for one meal of the day and to swap it around a bit. Lunch is easily fixed with a sandwich to take away from somewhere. Keeping food costs down is one of the best ways to extend your travels or to simply allow more cushion for other spending.Planning a travel budget can be one of the most challenge parts of travel, but it is important. If you’re traveling for a long time you can look into picking up odd jobs here and there to facilitate your travels long after your savings have run dry.

Want to Read More:
http://yetanothersolution.blogspot.no/2014/05/travel-budget-plan.html

www.lonelyplanet.com/travel-tips-and-articles/76405

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