TravSolo

How to Budget While Traveling Alone

How to Budget While Traveling Alone

Looking for new places to go while on a budget? Glad you are!

But I want to travel alone. Still possible to save? Absolutely, as long as you focus on the key essentials!

Traveling, whether it be to a new town, city or country, requires money to book your flight, reserve a room or eat the finest cuisines your new surroundings has to offer. We all want to experience everything we can without feeling guilty, ashamed and regretful when checking our bank accounts — regretting every financial decision made post-trip. We all have been there where you try to find the cheapest items on the menu, in order to save a few buck without feeling you are missing out. While traveling alone allows you to completely make money-saving decisions on your own, it can be a bit more expensive at times.

Here are some things to consider when planning to save for your next solo trip.

 

Figure out how much your trip will cost you.

Pick out destinations you want to visit, see how long you want to be away for & see how much the trip will cost you in total — It is reasonable to cut your ideal trip by a few days if your budget is a bit low.; a flight to Vietnam or Indonesia may be expensive but the cost of living is pretty low — costing about $10 to $15 per day. From there, do your research on more local areas to stay in; they tend to be cheaper compared to touristy ones. Set up a daily allowance based on how much you need to spend on accommodations, food, & transportation — the top necessities for any trip.

 

Staying at a Hotel or Hostel

Just like choosing a new apartment, each option has their pros and cons. Hotels offers privacy, quietness you may need while Hostels provide the social environment to easily meet other travelers. While the latter is much cheaper, you’ll ultimately will be sharing a room with strangers who may or may have the best hygiene or mannerism. The former is more expensive, provides less social activities, & less likely to meet other travelers. Another option is to split a couple days between the two & see what works best for you. If you are truly looking to save I suggest staying at a hostel. Another option to strongly consider is an Airbnb rental, where you get the privacy you need & option to hang out with the local who rented you a room, if they are free to do so.

 

Getting Around

While there are many ways to get from one place to the next, some are more expensive than others. Using public transportation is by far the best way to really save, it may not always be the most reliable but at least you will have more money to spend for food, drinks and activities. Use this as an opportunity to sit back and view the scenery. If you find yourself in an unsafe area or feel uncomfortable late at night, a cab ride might be worth the few extra bucks

While some places do have cheap services such as South America, wish we can say the same for Europe. Good thing is Europe has some of the fastest & cleanest metro systems out there, with with easy commute. Hop on the train, bus or scroll around on a bike, great opportunity to ride with the locals, experience what they experience & check out new spots from different angles.

 

Food

We can all agree this is the most important part of the trip, because we all have to eat at some point right? No pressure to splurge on every restaurant you come across! Figure out how expensive meals are, many times you want to eat out, decide on your food budget & how often to cook inside on some days (easier to do at a hostel).

 

Activities

Choose what you are actually interested, rather than going to all of the places everyone is going to. Remember, your budget is different than other people. Just like food, we want to experience everything we possibly can & have the best time possible.

While there are free events around, the options are pretty limited most times. Google search “Free Tours” in the destination of choice  & a couple of names will pop for you to sign up. Check out hostels in your areas, as they usually throw free weekend activities. Put aside some money to try out new activities, you are in a new city so you should give yourself time to try out new things!

 

Final Thoughts

Even though you are less likely to split the bill with someone else you are able to control how much you want to spend, without worrying about a second opinion, feeling guilty about spending more or less than your travel buddy and feeling like you are not allowing yourself to have the best time possible. Once you have set up a budget you are able to understand your needs versus your wants — only thing left is to prioritize your happiness. You have come a long way planning your solo trip alone, jumping on a plane into the unknown & venturing off into a new culture — so ENJOY IT!

Thanks for reading!

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By Chizoba Anyaoha


What travel type are you? Tag us on IG @travsolo to share your solo adventure.

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