Money Saving Tips To Help You Travel The World

Money Saving Tips To Help You Travel The World


June 20, 2023 | Eul Basa

Money Saving Tips To Help You Travel The World


The hardest part of any trip is saving enough money to actually go. After all, you have to save for the plane ticket, accommodation, your insurance, a backpack or suitcase, visas, and then, of course, you have to have money to spend once you get there, too. It's a lot, and the daunting thought often makes many people think that travel is expensive and there's no way they can save for it. But that's not true!

The truth is that everyone, regardless of their income, can save. Even if you save a dollar every day for two years, you'll have $730. Sure, it's not a lot, but it's enough to get you out of the house. The real problem arises when people want to travel right now. They need to save a lot of money in little time. So, how do they do it? As someone who has spent the last six years periodically saving and then travelling Asia, Oceania, North America, and Europe, I'm equipped to tell you. Here are five money-saving tips to help you travel the world:

person standing with holding luggage bagUnsplash/hamsterman

Don't forget to check the comment section below the article for more interesting stories!

1. Make a plan

First things first: Figure out how much money you need to save for your dream trip. Are you planning on climbing Mount Everest? You can be sure that's going to cost a lot more than spending three months backpacking around Southeast Asia. What you want to do will depend on how much you need to save. Once you've figured that out, make a budget plan and stick to it. Determine how much of your paycheck you need to put away in order to get to your goal.

three people overlooking mountainsUnsplash/@eddybllrd

Advertisement

3. Change your food habits

Do you tend to eat out often? Do you buy lunch at work every day? Do you shop at expensive grocery stores? If the answer is yes, change your food habits. But don't go cold turkey. If you do, you're likely to binge and blow all of your hard work on a few extra-large pizzas and a big night out. Start small and go from there. Try eating out once a week instead of three, buy your lunch only when necessary, and purchase your most expensive grocery items at a bargain grocery store to save on your weekly shop.

person looking at white buildingUnsplash/@ploywanasiri

Advertisement

5. Sell what you don't need

Sell, sell, sell! Sell the couch, sell your bed, sell your pots and pans, sell your doormat—sell everything that doesn't fit in your backpack or suitcase. Of course, if you're planning on a shorter trip, this step isn't necessary. But for those looking to escape the 9-5 lifestyle for life (or at least a few months) on the road, selling what you don't need is key to putting a huge dent in your travel saves.

woman wearing backpack walking on roadUnsplash/@airguitarbandit

Advertisement

READ MORE

average concerned woman face

My parents paid into the system for decades, but now they’re being denied benefits over paperwork. They need what they're owed, what can I do?

After decades of working and paying taxes, retirees expect the benefits they earned to be there when they need them. But small administrative mistakes can sometimes delay or even block access to those benefits. If your parents are facing a denial because of documentation issues, don't panic: There are still steps you can take to challenge the decision and protect what they are owed.
June 16, 2026 Carl Wyndham
AI-generated image of brothers on a farm

My brother and I inherited farmland together. He wants to farm it, but I want to sell. How do we settle this?

Learn how siblings can resolve inherited farmland disputes when one wants to farm and the other wants to sell. Explore buyouts, partition actions, mediation, taxes, and heirs' property rights.
June 15, 2026 Peter Kinney
Facebook  Internal

My friend says people who keep emergency funds are losing money every day. Is having too much cash actually a mistake?

Your friend is not imagining things. Cash can lose purchasing power when inflation runs higher than the interest your savings account pays. But that does not automatically mean emergency funds are a mistake. It means the real question is not whether to hold cash, but how much to hold and where to keep it.
June 16, 2026 Miles Brucker
Worried senior man reading utility bill and using laptop at home.

My bank reported a perfectly legal transaction, and now I feel like I’m under investigation. How do I get them to stop?

You sell a car, move some money between accounts, or make a large purchase, and suddenly your bank is asking questions. It can feel personal. You know the transaction was completely above board, but now you're wondering why your bank seems so interested in what you're doing with your own money. The frustrating part is that this happens more often than most people realize. Banks are required to watch for unusual activity, and sometimes perfectly legitimate transactions end up getting caught in the process.
June 14, 2026 J. Clarke

I paid my sibling’s rent to help them out, and now they expect it every month. How do I cut them off?

Paid your sibling’s rent once and now they expect monthly help? Here’s how to set financial boundaries, stop paying, handle guilt, and protect your relationship.
June 11, 2026 Jack Hawkins
Older couple with a lawyer

My parents are 75 years old and went to a lawyer to draft a will. He told them all they needed was a "Lady Bird" deed. What should they do?

The lawyer told them they might not need a traditional will at all. All they need, he says, is something called a 'Lady Bird' document. That sounds simple enough—but is it really? And should they take that advice?
June 15, 2026 Jesse Singer


Disclaimer

The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team