People are no longer waiting until retirement age to travel the world. Younger and younger people are picking up their backpacks and hitting the road, in search of something exciting or unique. The only problem, of course, is that travel is quite expensive, especially if you're taking a gap year and travelling the world. Student Universe has some travel options for students, but you can also figure things out by yourself.
There are ways to not only cut costs, but save money as you're planning, or taking your holiday. Let's look at some of your options!
1. Save Up Monthly
Obviously, the first option to consider is actually starting to save up for your trip. Now, saving is easier said than done, but it can still be totally doable, as long as you stay on top of it and make it a priority. You just need to exercise a bit of discipline:
- Set aside the amount you want to save at the beginning of the month, before you have a chance to spend it on something else.
- Manage your splurges carefully - don't group all of your extra expenses in the same month.
- Cut back on other things to prioritise your travel spending.
2. Book Things Ahead Of Time
If you didn't already know, when it comes to travel, booking things ahead of time really pays off. Especially in terms of train rides and flights, the farther away it is from the actual travel date, the cheaper the ticket is going to be. That also goes for accommodation, most of the time.
So, if you are planning a travel adventure for next year, for example, consider purchasing and booking your transportation and accommodation now, in order to score the best deals and save significant amounts of money.
3. Take Advantage Of Your Student Discount
You won't have your student discount forever, and you'll miss it when it's gone. So, why not take advantage of it fully while it lasts? Especially when you're travelling and your expenses are piling up, you should consider using anything that can help manage those expenses, including student discounts.
You will be able to benefit from a student discount in places like restaurants, sometimes, and especially for things like rail cards. Before you make a purchase, especially more expensive ones, take the time to check or ask if they have a student discount available. You may be surprised!
4. Make Use Of Budgeting
Budgeting is the single most important financial skill you will ever learn, and one that will serve you well for the rest of your adult life. It will be necessary for all aspects of your existence, and it also comes in handy for your travel plans and saving for them!
So, you can use your budgeting skills in two ways for your travelling:
- To save money before you leave
- To stay on track while you travel
If you're going to save up for your trip, then you can practice staying on budget for a few months in order to be able to save some money for your plans. Just work out what your minimal necessary spending is, and stick to it. As for your actual travel, it's good to also have an idea of how much you can afford to spend while you're on the road, and how much you're allowed to spend on each category. That way, you won't get carried away with souvenirs and fancy drinks.
5. Opt For Hostels, Couch Surfing, And Airbnbs
One of the best ways to save money while travelling, especially as a student, is to opt for alternative accommodation. While hotels can be nice and luxurious, they can also be very expensive. Thankfully, we now have options - hostels are a very popular choice for cheap travel for students, as are Airbnbs, and even couch surfing. Couch surfing is completely free, and you can ensure safety by making sure to check reviews from other travellers and couch surfers. Who says you can't spend the night for cheap? And speaking of safety, get some foreign travel advice at GOV.uk.
As you can see, there are ways around the issue of travelling and getting money for travelling as a student. If you need more advice or tips, Sta Travel is a great website to check for help.