How to Minimize Spending While Traveling

Spending and traveling? For most people that is not a good match.

Unless you live in San Francisco, you will probably find yourself spending more money while traveling than when at home. That can be a problem if you are looking to travel long term.  So how do you minimize spending while traveling?

Stop Acting Like a Tourist

No. That doesn’t mean that you should not have your coffee or that you should not go on a date.  It simply means that you shouldn’t do it every single day. And yes, you can still take pictures and do all the cool stuff tourists do. 

Tourist

Do you think that people living in Paris or London are spending $200 a day? No, they are not. You are in the mindset of a tourist, but you need to be in a mindset of a person that is living there. That’s what you have to do if you want to minimize spending while traveling.

Instead of taxis, use public transport. Instead of eating out every day, cook sometimes.

That doesn’t mean that you shouldn’t enjoy yourself but have a right balance of everything. Be touristy but also act like a local. It’s about pulling from opposite directions.

Use Local Brands

Let’s mention a cheap country. Hungary. Extremely cheap.  Incredibly beautiful too. Local brands

People there don’t get paid that much in local currency, therefore, products are cheaper. They aren’t necessarily worse as money only has the value we give it, but everything that’s local is cheaper so that people can afford it.

If you buy from local brands, you can really minimize spending while traveling. You will still get good products, but you will also save a lot. This especially applies when it comes to beer.

It doesn’t make sense for bigger companies to drop their prices in different countries. It just doesn’t. Tourists buy these brands because they know them. But if you are really looking to minimize spending while traveling, go local. You might be positively surprised.

Besides, travel is all about exploring the culture, the cuisine, and the people. It’s about the unknown.

Track

You can’t change what you can’t track. Most people never track therefore they never make any changes.

If you really want to minimize spending money while traveling, you need to see what that money is being spent on. Otherwise, it’s just a guessing game. You are assuming that you spent x, but you don’t know. And we tend to be biased towards what we want.

And that’s why Tripcoin is great to use when traveling. You know what you are spending your money on. You can see what sectors you are spending too much money on, and where you need to cut down.

Perhaps you are using too much transport and could walk instead. If you have data, you can make changes.

Tracking how much you are spending is not enough, you need to divide your spending into sectors. When you are spending money on transport, categorize it into transport.  You are in charge

But you are in charge so make sure you customize these categories to your needs. If you smoke a lot of cigarettes, you can put cigarettes in their own category.

And then you can perhaps see that you are spending too much money on them rather than seeing that you are spending too much money on lifestyle.

You can’t change what you don’t know about. Tracking helps with that.

Make a Budget

budget

Tracking is great for making changes based on what you are doing already, but sometimes a budget really goes a long way.

Set a budget of how much money you really want to spend at max during your trip. Break it down into days. It’s a lot easier to control yourself with money if you know how much you have left to spend.

Knowing how much you can spend will really make your life less stressful compared to you not knowing and spending too much in one day and not having enough for the next few days.

You Can Minimize Spending While Traveling

It’s not that hard. Think like a local. Try not to be too touristy. Buy local food. Track. Budget.

If you follow these, you will save a lot of money, without a doubt.

Written by Michael Smolski.