Can You Travel the World on a Small Budget?

You don't need a six-digit salary to travel the world © Pexels / Pixabay

If your dream is to travel the world, you may wonder if you will ever be able to afford doing so. The good news is it might be easier than you think to do so on a shoestring budget.

Create Your Budget

It is important to consider how much you might be paying for accommodations, food, and other travel expenses. That way, you can come up with a more realistic idea of how much you will need to set aside each month in preparation. Look for ways of bringing in extra income. For example, if you have a life insurance policy you no longer need, you could consider selling it for cash. If you want to sell your term life insurance policy, you can review a guide on how to do so through a life settlement.

Getting a Job

If you will be in another country long enough, you could consider getting a job there. It can help you bring in more income and immerse yourself in the local culture. It’s also a great way for helping you learn the language even better. Many people looking for overseas work choose to be an au pair, which is a type of caregiver for children. They live with the host family and often receive a small stipend for caring for the kids and doing some work around the house. You can also work as a hostel worker, especially if you want to meet other people traveling through the area. You can often begin as a volunteer and receive free room and board in exchange for your work. This also avoids visa complications at the beginning.

Using Discount Cards

If you fall into the category of student, military, teacher, or senior, you might be able to get discounts on attractions and other touristy things. Which can be a great way to afford a vacation every year, if not more than that. You can get a card identifying your status to help you save when you are abroad. You can ask for discounts that might be available to young people or students. Many times, you can get discounts on places like galleries, museums, and other attractions. Even if you do not qualify for a discount, you may be able to save money by getting coupons online. When planning your trip, look for promotions and deals on the places you are most interested in visiting. These can also lead to big savings.

Using a Country’s Sharing Economy

You can save on everything from tours to accommodations to rides when using the sharing economy. It also allows you to skip going through the travel industry in the area and working directly with a local. Not only will you get to use their assets and skills, but you will also get to experience the local culture. A travel company might not find the best deals for you, but locals would know where to find the right deals. And they know which stores offer sales and deals, as well as where you can find unique dining establishments. There are plenty of websites that can help you get started.

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