How to Create a Travel Budget
Traveling is exciting, but it can be expensive if you do not have a proper budget. Part of budgeting for traveling is developing a saving culture. Many things will have priority over travel – it is considered a luxury – and if you are not careful, you will find yourself postponing travel each year.
Having a budget enables you to remain committed to your travel goal. Nothing is more frustrating than traveling abroad only to realize that you have run out of cash and need to get additional debts to finance the shortfall.
In this article, we will teach you simple ways to create a travel budget.
Do your Research
The assumption is that most people often spend double the amount they had planned for a trip. The first thing you need to do is research the accompanying costs for your trip.
Due to various unavoidable circumstances, you may find that visiting your ideal destinations is not possible. These can include unfavorable weather patterns, political violence, earthquakes, and tsunamis. That is why it is ideal to have at least three destinations so that if one backfires, you can fall back on the other two.
If you are traveling as a family, you can settle on just one destination and plan for it.
This applies when you are going as a couple – there is a destination you have been dying to explore. Brazil is an ideal tourist destination that you can consider. To travel there ensure you apply online for your Brazil e-visa.
Determine what is Important
Impulse buying causes many travelers to spend more than they can afford. Part of making a budget is deciding what you need and what you can live without.
Keep in mind that you do not need to spend all your monies on the trip because there will be bills waiting for you.
While traveling makes an effort to use public transportation – this is often cheaper and offers more sightseeing opportunities than a plane or cab.
You can cut on restaurant foods by experimenting with street foods but ensure that it is prepared in a hygienic way and that it is hot when being served.
Check your Budget with Friends
If you are lucky, you will encounter friends and family members who have traveled to your ideal destination. They can offer valuable tips on affordable accommodation and local eateries that are within your budget.
Friends will often give you an honest review, unlike marketing sites.
When it comes to the budget itself, start with the basics for the trip and then finalize the luxuries.
The first item on your budget will be the mode of transportation. Will you be traveling by air, train, car, or sea? While air travel is the fastest mode of transportation, it also happens to be expensive. You can check out budget airlines to cut costs or if you are traveling as a team use a bus or car.
How much you are willing to spend will determine your mode of travel. Some people will even opt for the cruise liner which is costly but offers travelers to visit more countries. You will still be required to move around the cities when you reach your destination. You can hire a cab or save some cash through public transportation.
Accommodation and food
You will need a roof to place your head on and food. Lodging is the next item on your budget that will take a considerable chunk of your spending money.
When booking lodgings make sure, it is near great sites that you intend on visiting. This will help you cut travel costs.
Look for lodgings that offer at least one meal – breakfast or supper. You can have joint accommodations or do camping if you are traveling as a group.
Activities During the Trip
You are not going to be spending the whole day in your hotel room, and that is why you need to budget some fun activities during your trip.
Make a list of all the things you would like to do; depending on time and budget strike out the least important. This list is personal so make it count; there are some activities, if not done, will not make the trip worthwhile.
For example, a trip to Africa will be incomplete without a visit to the many game reserves that adorn the savannah. Remember to factor in entry fees for parks and museums.
Gifts and Souvenirs
This can cause a dent in your budget if not budgeted for.
You need souvenirs as a reminder of your trip. You will often find street vendors selling souvenirs, and without a budget, you will find yourself spending more than you had budgeted for.
While it is not possible to have a fixed budget for this – since you do not know what you will purchase and the cost – it is prudent that you have a rough estimate.
You can also have a list of how many people you will purchase gifts for during the trip. Avoid impulse buying.
Trips often do not go as planned and there are cases where you need extra cash to handle emergencies. This can include a sick child, lodging that does not meet your expectation, and unexpected transport costs among others.
Emergencies may even include items like spending an extra night abroad so that you can visit a particular site. You will need to come up with an approximate amount to act as your miscellaneous expense.
A sick child while in a foreign country can cause you to cut short your trip if you have not factored in emergencies in your trip.
Those people who fail to budget for their trip and find themselves stuck or overspending on stuff that they will later regret. Making a budget should not be complicated with many free apps available online.
Begin your budget by listing items that you cannot live without like travel, lodging, and food. Traveling is supposed to be fun. Do not cut your budget so much that you forget your purpose for taking the trip.