The Bittersweet Truth About Budget Travel
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The Bittersweet Truth About Budget Travel
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The Bittersweet Truth About Budget Travel

Budget travel is unique to everyone; it could mean different things to different people. In a broader sense, budget travel can be defined as being financially conscious during your travels.

But, budget travel is not for everyone. 

If you think travelling on a budget sounds fun, the best way to find out is to go for it! However, a lot of people underestimate how difficult it is to travel on a low budget. It’s a tough road out there. You need to be prepared to be thrown out of your comfort zone. Some people take it as a challenge and this article is for them.  

These are the challenges you may face during budget travel:

Challenge #1. Being prepared to walk

Instead of spending money on transport, walk. Explore the sights within the cities and connect with the locals while you walk.

Challenge #2. Skipping the expensive flights and travelling by and using public transport

It’s more exciting and fulfilling, but it can be quite challenging and unnerving at times. Especially, when you come across nasty border guards.

Challenge #3. Taking the risk and hitchhiking to the next destination

Although not recommended, if you are willing to take the risk, hitchhiking can save a lot of money.

Challenge #4. Trading your bed for a bunk bed on an overnight train or bus

Take an overnight transport to your next destination. This way you get to save money on a night’s room rent. This is an excellent option for travellers who aren’t picky about their sleeping conditions. 

Challenge #5. Ignoring your food cravings and eating simple

Take a portable stove to cook simple dishes, such as rice and noodles. If you are on the go, just grab some food from the local eateries.

Challenge #6. Sacrificing the comfort of a luxurious hotel

Apart from taking overnight transport, there are many other ways to save on accommodation.  Homestays with the locals, camping outdoors under a million stars, and staying in a hostel are few of the best ones.  

Challenge #7. Suffering the climate extremities when travelling during the off-peak season

If you can dare to bear the weather extremities, plan to travel during off-peak season to cut down your travel costs. You can easily get a bargain deal on accommodation and flights.

Challenge #8. Getting travel insurance. You may be committed to spending less, but your health should be your first priority. Get travel insurance. If at all you get severely injured, your insurance can save you.

Challenge #9. Putting in extra efforts to track your expenses

Yes, it’s a chore in the beginning, but you have to record every single penny spent. You’ll get a hang of it after a while. Tracking your expense helps you spend within your limits.

Challenge #10. Setting aside funds for a few splurges

A few splurges here and there cannot ruin your budget travel if you have saved for them. Creating a separate account for indulgences like a nice meal at a good restaurant or scuba diving shouldn’t mess up with your budget.

Challenge #11. Getting prepared for emergencies

To ensure you don’t have resentment towards your decision to travel on a budget, always keep funds aside as a cushion for emergencies. A travel loan is recommended.

MoneyTap’s travel loan can be that cushion for you. You can access the fund from anywhere and at any time. Moreover, you can use it for any purpose; the choice is yours.

Travelling on a budget is not about comfort or luxury, it’s about the time of your life that will make a great story to tell your kids someday!

So, after reading this post, if you are inspired to take up the challenge to travel on a low budget, make sure you apply for MoneyTap’s travel loan. Download the app today!


Shiv Nanda

Shiv Nanda

Shiv Nanda is a financial analyst at MoneyTap who loves to write on various financial topics online. He also advises people on financial planning, investment choices and budgeting skills, and helps them make their financial lives better.

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