As many of us are currently feeling the pinch with the cost of living being so high, plenty of travel-lovers are in a position where they think they can’t afford a getaway. Between booking accommodation, flight costs, eating out and activities, a vacation can very quickly become a big financial burden. But even during these times, there are ways to cut your costs for a great holiday. We’ve put together the ultimate list of ways to take a holiday on a budget, so you can enjoy some down-time without breaking the bank.
How to save on your travel costs
Don’t travel at popular times
If you’re child-free or you can be flexible on dates, then try to travel outside of the school holidays. And as tempting as it is to make the most of those long bank holiday weekends, travelling around public holidays will also hike up the price of both air travel and accommodation.
If you really must travel at the most popular times of the year, another option is to select dates that are just outside of the peak season, as this is often when it’s most expensive to travel. Instead, you can still visit your chosen destination by booking in the shoulder seasons (the period at the beginning and end of high season) — so you can still visit your dream destination, without having to pay eye watering prices!
Lower your costs (and ditch the crowds) by travelling off-peak
Take hand luggage only
In recent years, many airlines have upped the cost of luggage in the hold and have added extra costs to bringing larger hand luggage on the flight. Given recent issues with airlines losing or misplacing bags, packing light is often the best response! Not only will it save you a ton of money in baggage costs, it also means that you’ll save time, as you won’t need to drop off your bags, or wait around at the reclaim carousel. Travelling for a longer period? If you’re opting to home swap, you’ll often have washing facilities in the place you’re staying, so there’s no need to pack lots of outfits as you can keep on top of your washing while you’re there.
Read more: How to pack for hand luggage only
Opt for driving, buses or trains over flights
Booking a flight is the default mode of transport for many vacations. On paper, it’s often the quickest way of getting to your destination, but with recent cancellations and delays, travel-lovers are being frustrated by lengthy waits at the airport. So apply a little imagination when working out how you’re going to get from A to B! If you’re travelling domestically, or if you’re flight is short-haul, there may be other, cheaper ways of visiting your destination. Look into trains as a starting point, and make enquiries about whether purchasing a railcard will reduce the overall cost of your journey. Alternatively, investigate whether you can get a coach or bus, or even a minibus transfer.
Look into bus and trains before booking a flight
Book your tickets early
Flights and tickets often increase in price closer to the time of departure. You can sometimes find great deals on extremely last-minute tickets (often with only a couple of seats on the flight available as otherwise sold out) but this is risky. It’s best to try and aim for around 6+ months in advance to find the best price possible.
Look out for sales
Another great option for saving money on your trip is to look out for any sales and discounts on transport. Just like any other retailer, many airlines and transport providers such as Eurostar run sales. To make sure you’re in-the-know on when these are coming up, make sure you follow them on social media and join their mailing lists to keep an eye on any offers that they’re running now, or are intending to run in the future.
How to save on accommodation
Choose a home swap
It wouldn’t be us if we didn’t recommend home swapping as the no.1 way to save money when travelling! If you have a space to offer others, it’s an incredibly cost-effective way to travel. In fact, our members save an average of £2,000 on a 7‑night stay (that’s $2,500 or €2,300 for our worldwide members), which is a 90% saving on their usual travel costs. A Love Home Swap memberships costs less than one night in a hotel in a major city, and this gives you access to thousands of homes in over 100 countries – plus you can travel as often as you like during the course of your membership. And unlike housesitting, home swapping means that you’re safe in the knowledge that a likeminded (and equally houseproud) travel-lover is in your home too, meaning it’s a truly safe way to travel.
This home could be yours for your next holiday with Love Home Swap
Use discount sites for hotels
Hotels are often considered an out-of-reach luxury for budget-travellers, however there are lots of ways to save money on this more expensive holiday accommodation option. Many private groups offer discounted hotels and resort deals, including our very own membership perk Love Home Swap Extras – which grants our Platinum members access to hundreds of hotels and resorts with up to 90% off the usual retail price… yep, that’s a glorious 90% off! Which is perfect for those last-minute trips, or if you’re after a bit of luxury (without the hefty price tag) — or even to link together a couple of home swaps!
This villa in Bali is just one of the amazing hotels that you can enjoy with Love Home Swap Extras
Swap hotels for hostels
Long gone are the days of slumming it in hostels, as this way of travel has had something of a rejuvenation. Many hostels now offer private rooms and more luxe packages for a fraction of the price of a hotel room. As a bonus, they’re often very central, unlike many larger hotels which can be on the outskirts of the city, which is ideal for those who want to be in the heart of the action. Just make sure you do your research first, as not all hostels uphold these standards – but pick wisely, and you could travel for considerably less.
Be flexible on where you travel to
If you’re open to where you go on holiday, many booking sites allow you to filter by the lowest price, allowing you to find some true bargains and keep your holiday in budget. Which incidentally brings us back to home swapping! Many of our members have enjoyed incredible vacations in countries or regions they hadn’t anticipated visiting, after receiving swap requests from members who have homes in lesser-visited destinations. It’s a great way to see the world (for just the small cost of a membership) so if you’re willing to be open to where you’re vacationing, you could travel even more!
Stay in local neighbourhoods
Accommodation in the centre of cities can be costly due to high demand. Although Love Home Swap has plenty of homes in the most central locations, there’s often even more options in suburban areas that are within travelling distance of the main sights. So whether you’re choosing to home swap, or stay in a hotel or holiday rental, consider looking a little beyond the regular tourist destinations – not only will you save a huge amount of money on accommodation costs, you’ll also likely be in a neighbourhood where the locals live, meaning you’re dodging many of the tourist traps and pricey restaurants and cafes.
Local neighbourhoods help you avoid expensive tourist traps
Go self-catering
Wherever you stay, whether it’s a hotel or private accommodation, self-catering is a great way to save money on your holiday. Not only will you save money on eating out constantly, but it also means you’ll be eating meals that you know you’ll love, instead of settling for what a full-board hotel has on offer (which is often lacking). Make the most of the local food markets to really tap into the local lifestyle!
How to save money when you’re on holiday
Avoid card fees abroad
Due to the impact of the pandemic, many sellers have added the option to pay by card, with many going completely cashless. This is great news for those wanting to budget and see all your costs in one place (less receipts to keep track of!) but paying by debit card abroad may come with high fees. To avoid any additional fees or interest charges, opt for a pre-paid travel card like Monzo, Revolut or Starling. Adam, our Data Analyst, is a huge fan of this money-saving tip. He says: “It also helps avoid the hazard of losing out twice if ever you have to transfer money back to pounds – particularly if it’s a very specific currency, and you don’t plan to go back there anytime soon!”
Pay in local currency
When paying by card, you may be asked whether you want to pay in your currency (for example, if you’re from the UK this would be sterling) or in local currency. Heads up people, because it’s always best to go with the latter. This avoids expensive conversion fees and gets you the best exchange rate – which means more holiday spending money!
Always remember when prompted to choose ‘pay in local currency’
Try ridesharing
As a proud member of the sharing economy ourselves, there’s a whole host of services on offer to help you share resources and save money. Many countries have car-sharing services like Uber which are often cheaper than meter services, as well as moped sharing like Grab. Located in South East Asia, it’s particularly useful for solo travellers. There are also a number of car-pooling apps and rideshare apps available. But just be careful to check that the driver is licenced and is carrying ID.
Prebook your activities
If you want to keep your holiday budget-friendly, a great way to save money is by pre-booking your activities online, as they’re often more expensive on the day. Suzie our Brand and Content Editor advises. “We always pre-book ski passes and equipment, as it usually saves about 20% on the final cost.” You can go via the official website, but you can also use TripAdvisor for advice from other travellers, as well as using discount sites that often offer better rates and package deals.
Bring entertainment with you
Packing a book, a pack of cards, a sketchpad or your headphones is a good idea to pass the time when you’re taking long journeys. This is a great tip for adults, but is also essential when travelling with kids. Mum of two Suzie says: “Put a pack of cards (like Uno or Dobble) into your bag so that you’ve got entertainment for any down-time, as buying impromptu magazines, colouring etc is pricey.”
See if you’re applicable for discounts
Many major tourist sites, galleries, museums and other attractions offer concession prices for certain groups. This can be certain age brackets (under 5, children, teen, under 25, pensioner) or it can be personal circumstance (student, NHS worker) but can also have bundle deals for couples and families. Always check the website of where you’re travelling to beforehand to see if you and anyone you are travelling with are applicable.
Look for discounts when booking tickets for galleries and museums
Find free things to do
Often a lot of sights in the destination you’re visiting can be done for free. You can join a paid-for walking group to take in the sights, but there will inevitably be a wealth of great free resources online for you to choose from too. You can sometimes find free-of-charge organised walking tours, or if you fancy going solo, search for ‘free walking routes’ and guide yourselves! “Print it off before you leave home. Kids love being in charge of their own map and sightseeing,” Suzie suggests.
Drink tap water (if it’s safe)
Make sure to check before you jet off, but many countries tap water is safe and clean to drink. So save your money by bringing a refillable water bottle on your trip, and ask for tap water when eating out. Not only will you save money, you’ll also help the environment, too.
Read more: How home swapping promotes sustainable tourism
Pack snacks
Sightseeing is a tiring! And a day on your feet walking miles each day works up a hunger. Keep grumbles at bay by packing your favourite snacks from your local supermarket to avoid needing to stop in expensive cafes and restaurants multiple times a day. From first-hand experience of travelling with her partner and two children, Suzie says: “You can guarantee your children will start grumbling they’re hungry the minute you start sightseeing. And stopping at a café every hour gets really expensive, really quickly.”
Pack snacks for days out to avoid expensive cafes and shops
Don’t eat out for lunch
Eating out is a lovely treat when on holiday, but it can quickly add up to become one of your biggest expenses when travelling. To save money on your holiday, instead of eating out at a restaurant for lunch, opt to make a picnic from the supermarket, or better yet, plan lunchtime around a park and a bakery, which will save you from the costs of eating out all the time. This is ideal as you don’t have to take the time to make a packed lunch, but you will still save a heap of money — all while enjoying a treat in a nice setting!
We hope you found this guide on saving money on your next vacation useful. Have you got any more cost-saving tips? We want to hear them! Get in touch via our Feedback tab, or reach out on our social media channels for the chance to have your tips featured.