How to Make the Most of Your Travel Budget (2024)

How to Make the Most of Your Travel Budget (1)

It’s not uncommon for my husband, Leif, and I to spend more than 200 days a year traveling for work. We bounce from airports to rental car terminals to hotels and back home on a regular basis, and along the way we’ve discovered a few tips to stretching our travel budget—enjoying better hotels, rental cars, and amenities for a fraction of the cost.

Need an example? We recently stayed in a Westin Hotel for $52.00 per night and rented a mid-size car for $12.00 a day.

Whether you’re attending a leadership conference, engaging in educational enrichment, or organizing a much-needed staff getaway, how can you make your travel budget go further than it ever has before?

How to Make the Most of Your Travel Budget (2)

Here are four ways to save money on your next ministry trip:

1. Know the secret to bidding on your next hotel.[Tweet this] Our favorite way to find great lodging at low prices is throughPriceline.com, where we always bid for unknown hotels—but we never do it blindly.

Our secret weapon?

A wonderful site known asBiddingforTravel.com. This independent site is designed specifically to help give those using Priceline a bidding strategy. Message boards contain information on all the hotels in any star-rating in a given area, recently accepted bids, counteroffers, and free-rebids.

I recommend staying away fromHotwire.com. They base their hotel ratings on customer reviews, not actual hotel standards. We’ve bid on 4-star hotels from this site and stayed in some real dives.

2. Consider renting an apartment, condo, or house.
[Tweet this] One of the disadvantages of hotels is that many of them don’t offer a full kitchen—which can save you money and extra weight gain when you’re traveling. If you’re traveling with a group, you may want to consider renting a house together and sharing the cost, or consider other ways of finding an unused timeshare. One helpful site isTug1.com. Under classified ads, you can find a listing of available timeshares to rent or buy at a fraction of the cost.

Another great site that shouldn’t be missed isSkyAuction.com. The website allows you to bid on travel packages as well as individual airline tickets, hotels and rental cars. You need to read the fine print as to any extra charges including the $15 fee the website tags onto the cost, but you can find some incredible deals here—particularly if you’re next ministry event is in Florida or a popular destination city. SkyAuction allows bidders to compete for unsold timeshare rentals, airline tickets, and cruises at sometimes ridiculously low prices.

The newest site that we’ve fallen in love with isAirbnb.com. You can rent anything on this site—a full apartment, a condo, a bedroom in someone’s house, a couch, a tree house, an igloo. For wild, wacky, and wonderful, check it out.

3. Remember that rental car rates are always in flux—so book early![Tweet this] Rental car rates are moody and often have wild swings. Always make a rental car reservation as soon as you book your airline, but check back a few days before your trip—the price could drop anywhere between 25 and 50 percent.

We recommend starting the search for the best car rental rate through a general website, likeOrbitz.com, that will display every rental car option. Then select the brand that offers the best price (remember it’s often better to pay a little extra for at-airport locations). Next, Google the words “coupon code” and the name of that rental car company. The Internet is chock-full of coupon codes for rental cars. Go directly to that rental car company’s website, add in the coupon code, and save extra on the rate. This simple method will allow you to find bigger, better cars for less money. In addition,Priceline.comsometimes offers some amazing biddable rates for vehicles.

4. Grab your airline tickets early. [Tweet this]Many people like to wait to buy airline tickets, believing the price will go down. While some low-fare airlines like Frontier and Southwest offer great last-minute prices, the majority of airlines raise fares as the date gets closer. When calculating ticket prices, don’t forget to add in extra charges for luggage, desirable seat assignments, and more. Sometimes the lowest-cost ticket isn’t really the lowest cost.

If you’re tired of being crunched in a middle seat for a four hour cross-country flight, visitSeatexpert.comandSeatguru.com. These sites help you identify the most comfortable seats on an aircraft.

And before you get to the airport, you’ll want to make sure your luggage doesn’t tip the scales past 50 pounds. If you think it might, try weighing it on your bathroom scale before you fly. If you have an awkward-size bag, simply weigh yourself, then step on the scale holding the bag and subtract the difference. If you think you may be coming home with some large or heavy souvenirs, pack an extra duffel inside your suitcase. This little addition can save you extra fees for all those catalogs, flyers, and freebies you pick up at the ministry conference.

What are your go-to travel tips?

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How to Make the Most of Your Travel Budget (2024)

FAQs

What is a good budget for traveling? ›

Your budget for a vacation will, of course, vary depending on many factors. Many people set aside 5%-10% of their net yearly income for leisure travel, but your savings will depend on the type of vacation you're planning.

How do I organize my travel budget? ›

Creating your Travel Budget in 9 simple steps:
  1. Decide on your destination(s) ...
  2. Decide how long you would like to travel for. ...
  3. Research the average costs in each destination. ...
  4. Set your travel budget. ...
  5. Set a pre-departure budget. ...
  6. Create an Emergency travel fund. ...
  7. Budget for any ongoing expenses.

How can I travel more often on a budget? ›

22 Ways to Travel More—Even On a Small Budget
  1. Take shorter trips more often.
  2. Take advantage of long weekends and holidays...
  3. 3. ... And shoulder seasons...
  4. 4. ... ...
  5. Go where—and when—the deals dictate.
  6. Prioritize inexpensive destinations.
  7. Work remotely when possible.
  8. Examine your prioritizes and eliminate expenses.

How much money do you need to constantly travel? ›

If you want a relatively average lifestyle with the occasional luxury, 2,000 USD per month should be enough. If you want a more opulent lifestyle, you'll need a budget of at least 3,000 USD per month.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

How much does the average American travel? ›

Around a third of Americans enjoy two to three vacations per year. Meanwhile, just over a quarter have not traveled for non-business related trips at all in the past 12 months, and around a fifth of respondents have traveled once. Six or more vacations, on the other hand, were rarer.

How to make a vacation budget spreadsheet? ›

Track expenses
  1. Create a column for expense categories. ...
  2. Customize categories to suit your trip. ...
  3. Enter each expense. ...
  4. Fill in the details for each expense. ...
  5. Be detailed and accurate. ...
  6. Utilize the SUM function for totals.

How do I make a good travel itinerary? ›

Make a section for each day that has a detailed outline of the schedule, including time stamps, locations, and contact details, if needed. If you're making a travel itinerary, be sure to include flight info, hotel addresses, and backup plans for specific activities.

How can I save 100 or more when traveling? ›

How to save money while traveling
  1. Pack light. ...
  2. Shop at local grocery stores. ...
  3. Pack snacks. ...
  4. Get yourself into the airport lounge. ...
  5. Arrive early. ...
  6. Get TSA PreCheck or Global Entry membership fees reimbursed. ...
  7. Take advantage of credit card free night certificates. ...
  8. Book hotel rooms on points.
Aug 22, 2023

Can I get paid to travel? ›

You can find opportunities with tour companies and agencies, or even start your own tours. This is one of the best ways to get paid to travel abroad. You can consider a job at a hotel, resort, or hostel in a popular tourist destination.

How do people travel so much? ›

A lot of people who end up traveling the world long-term do so by quitting their jobs and living off of their savings. During my travels, I came across a lot of backpackers who were traveling on a shoe-string budget while taking buses or trains from one country to the next and staying in a dorm room in a hostel.

How much does the average person spend on travel? ›

Average Vacation Costs in 2024: Transportation, Entertainment, and Budgeting Tips. Quick Answer: In the U.S., a one-week vacation for a solo traveler costs about $1,984, while a family of four can cost around $7,936. Inflation is on the rise, affecting how Americans choose to spend their money.

Is $20000 enough to travel the world? ›

Generally, $20,000 is the baseline cost for a trip around the world for one person for one year. This estimation falls in line with popular recommendations that budget travelers can spend an average of $50 a day on the road, and allows additional budget for flights and vaccines.

Why can you only travel with $10,000 dollars? ›

The reason why is the controversial subject of civil forfeiture. Civil forfeiture allows law enforcement to seize and keep any money or property they suspect is involved in illegal activity. The owner doesn't need to be convicted of a crime or even arrested for law enforcement to do this.

How much money do you need to travel every year? ›

So, How Much Does it Cost? In general, you should expect it to cost between $25,000 to $35,000 per person to travel around the world for a year. This rough estimate comes from reading travel budgets of other bloggers, various travel planning resources, and our own experience. This is just the midrange.

Is it good to travel frequently? ›

Making time for regular travel can have a better impact on your mental health. Going to different places regularly can improve the benefits you get from vacations. Some people can feel the positive impacts of their vacation for up to five weeks after their return. Improving your mental power.

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