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

I performed CPR on a man who later passed away. I just received a letter naming me in a lawsuit for wrongful death. Am I liable?

If you performed CPR on someone who later died and are now facing a wrongful death lawsuit, this practical, reassuring guide explains Good Samaritan laws, liability risks, and what steps to take next—without legal jargon or panic.
January 20, 2026 Jack Hawkins

I just inherited $22K from my grandma's will. Now my stepdad wants me to co-sign a loan so he can start his own barbershop. What now?

If you came into a large sum of money, you must think carefully before you commit to co-signing a loan for a family member.
January 20, 2026 J.D. Blackwell

I covered my roommate’s rent 3 months ago during an emergency. He keeps saying he’ll “get me back,” but he never clarifies when. What now?

If you helped out your roommate when he was short on rent, it's important to get a timeline on when he's going to pay you back.
January 20, 2026 J.D. Blackwell
Inheritance

My grandpa just died and my cousins all got a big inheritance, but my mom is keeping my portion. I’m 40 years old. Can she do that?

Your cousins got their inheritance, but your mom is keeping yours—at age 40. Learn what rights you have and how to challenge unfair inheritance issues when a parent blocks your share.
January 20, 2026 Allison Robertson

The cost of living squeeze isn’t one thing. It’s all these things at once.

The cost of living keeps going up and up. No one factor is to blame, but it's a combination of things.
January 19, 2026 Marlon Wright

I’m okay but my husband may need long term care. What happens to our house if only one of us needs Medicaid?

You’re both retired, but while you're healthy, your husband is showing signs that he may soon need long term care. What happens to your family home if he needs to apply for Medicaid?
January 19, 2026 Jane O'Shea


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