Backpacking is a way for people young or old to really experience the world and live it like few can, traveling around and getting to know exotic locales that most will only be able to dream of. That said, a backpacking trip to other countries can get expensive very quickly so adhering to a few money-saving backpacking tips can make your trip overseas something that is possible no matter what your budget is.
1. Forgo Hotels and Stay in Hostels – One of the biggest money savers for backpacking is choosing to stay in hostels rather than a hotel. The cost of a hotel can add up quickly with a backpacking trip that goes on for weeks or even months and by staying at a hostel that cost can be cut by half if not more. Many people believe that hostels are just for the young, but more and more seasoned adults are choosing this inexpensive method of backpacking accommodation during their trip, so this is one tip that is a must for anyone who is looking to save money during their backpacking trip.
2. Visit Local Markets for Food and Prepare Yourself – Eating at restaurants three times a day for weeks on end can drain your budget very quickly, leaving you without money for souvenirs, adventurous activities and so forth. This big money saver can help you save by buying and preparing your own food through locals markets. This will also help you to get a little taste of the regional cuisine and allow you to experience the locale like a true local.
3. Travel by Foot – You can save a lot of money on your backpacking experience by traveling from destination to destination by foot. Not only will you be saving money on train or bus fare, you’ll be seeing the wonderful small towns and cities filled with history and culture that you might have bypassed on your way to more popular destinations.
4. Plan an Itinerary (But Give it a Little Flexibility) – One way to save money is to plan ahead. Find out where you want to go and then plan where you will be staying, what you’ll be doing, where you can get food, etc. This will help you to stick to your budget and make the money stretch farther. Of course, every trip is going to have a little bit of “off the cuff” fun, so make sure to leave some flexibility in your itinerary and in your budget for spur of the moment detours, activities or unexpected expenses.
5. Invest in Travel Insurance – Nobody wants to think about it, but things happen and when they do you want to be able to have a safety net in place to help you recover. By purchasing travel insurance you can insure your money, possessions, liability if your actions cause damage or injury to property or people and have travel insurance with a medical payout in place if you are injured or become sick while backpacking overseas.