Backpacking is a serious form of travel wherein a person or a group travels for an extended period of time. They are able to do so by utilizing cheap options in order to extend their travel. According to finance student Andrew Curran Wesleyan, a week spent on a five star resort in Thailand can translate to a month’s worth of travel if allocated thriftily. If you want to spend more time on the road, here are some tips on how to save a ton of money while traveling.
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Hostels are often 40% - 80% cheaper than resorts or hotels. The drawback is that most hostels only offer bunk beds where there’s a big chance you’ll be sharing the room with other people. According to Andrew Curran Wesleyan, some hostels even hire long staying guests to do some cleaning, bartending, or even manning the reception for a few hours a day in return for free lodging.
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When moving from one destination to another within a country, look for other options besides flying. Buses and trains cost a lot less than commercial air travel, and you also get to see more of the country you’re traveling in.
Eat like a local
Eating local food is absolutely cheaper than finding a place that serves western food. Not only is it a great way to save money, it’s also an experience that you wouldn’t want to miss out on.
Andrew Curran Wesleyan is a finance student studying at the University of Connecticut. His goal is to help individuals in the lower-middle class and their families be knowledgeable in basic finance management to keep them away from debt. For more on Andrew and his interests, visit this page.
