How To Budget Better & Smarter
Making sure you don’t overspend is a very important component to daily travel. With so many new interesting things to eat, drink and buy, it becomes easy to forget about rigorous spending plans you may have given yourself before your left. There are, however, some great ways to ensure you can enjoy yourself whilst away and not overspend.

Understanding Currency Conversion
This should be the number one thing you should start to familiarize yourself with. It can become easy to think you are spending less than you are in some countries, so it is important that you are converting your spending into your native currency. Before you leave you should do all of the following:
  • Download the XE currency converter app on your smartphone.
  • Exchange a little bit of money from your bank or on arrival. This way you already know how much the total exchange was and will help to keep track of what you are spending.
  • Find out from your bank how much debit/credit transactions cost per transaction, as they will charge a conversion fee and also how much a withdrawal costs whilst you are overseas.
  • Make a mental note of what the current conversion rate is so that you can calculate it in your head.

Keeping track of your expenditures
If you have a saved amount of usable travel income that you don’t want to go over, it is a good idea to have a way to keep track. You can always keep track of your money the old fashioned way, with a notepad and pen, but there are more efficient applications that will now allow you to really be in control of your spending.
  • Download a vacation funding app. It will convert your spending to you native currency and allow you to input date, description, how you paid, how much you paid and where you paid.
  • Make sure you have online banking. If you access to Wi-Fi, keep track of your online statements to see how much you are spending and what fees your bank may have charged.
  • Download an app called Trip It. This app will automatically take bookings for flights and hotels from your email and list them on the app. It also allows you to input a cost for each flight and hotel.

Daily Budgeting
You should divvy up the money you have saved for the trip and divide it over the course of your stay. This should help you understand what kind of accommodations you should book and prioritize where to spend your money. Read reviews online to see how much a day you can get by on. If your current savings is not adequate then you may have to think about saving a little bit more, or finding ways you can cut costs. If you are travelling as part of a group or as a couple, you should be able to spend less than two solo-travellers budgets.

Be aware of much you are spending on food and drinks
As you are spending more energy getting around and doing things, you may need to eat more than you usually do at home. Here are some things to keep in mind:
  • Avoid eating in touristy areas. The food here is way overpriced and usually not very good quality. Try and eat out in areas which are more local and research the place you are staying to see where the good areas are to eat out at.
  • Street food in most places is usually a cheap option to give you some energy and can be really tasty.
  • You can also go to the supermarkets and buy cold meats and bread which can last a couple of days in a hotel fridge, so you can make sandwiches or cold meat platters instead of eating out.
  • Try and find accommodation that includes breakfast, and eat lots in the morning.
  • Watch how much you are spending on drinks.
  • Choose a nice place you really want to eat out at and make it a special occasion outing while you are away.

Don’t have check-in baggage
This is really for people who are using budget airlines to get around. Budget airlines can charge and enormous amounts of money of checked baggage. Save yourself some money and pack light! 

Read our post on how to pack light and save on airfare below.

How to Pack Light & Save On Airfare

How would packing a bag have anything to do with saving money? Well, surprisingly a lot and it extends further than just saving on extra baggage with budget flights. Packing light will help you save in many ways and will also make your traveling experiences much more flexible. Less weight means more fun. I am going to take you through a step-by-step guide, on how to pack light and save more.