How to Take a Luxury Vacation on a Budget

Traveling to new and exotic destinations is good for the body, mind and spirit. You can relax, experience new adventures and have a more open mind about the world’s cultures and people when you vacation around the world. But how can you take a luxury vacation when you’re on a budget? Traveling in style may be much more affordable than you think! Here are five simple ways to save money when planning a trip to an exotic destination.

Photo by Shifaaz shamoon

1. Start Using a Credit Card With Travel Rewards

No matter what your budget, you can start saving more at a faster rate by making some practical changes. Open a credit card that offers excellent rewards for travelers, like points towards flights, rental cars and hotel stays. Then use the card for all of your everyday purchases and simply pay it off every month from your checking account. You’ll be chipping away at your travel expenses without setting aside any extra money. Make sure you do your research before applying; there are several options out there that can offer double the benefits of their more well-known competitors.

2. Travel During the Off-Season

If you want to spend the most money on your vacation, then plan a trip for when the demand for flights and hotels is high, like summertime, Christmas and other major holidays. But if you want to get the best rates, save your vacation and take a week off to travel during the off season. This varies depending on the area you plan to visit, but for most locations, it’s cheapest to travel in February and September, after Labor Day.

3. Make Your Money Go Farther by Getting the Best Exchange Rates

If you’re traveling out of the country, you’re going to need to acquire the currency of that region to pay for the majority of your trip. However, it’s difficult to know exactly how much a trip will cost and if unexpected expenses will arise. Have a plan in place so that a friend or family member can help you get the money you need while you’re abroad. One way to get a good exchange rate is with Sharemoney, which allows you to see competitors’ rates before you complete a wire transfer so you know if you’re getting a good deal.

4. Consider Renting a Room or Home Instead of Booking a Hotel

Most people stay in a hotel when vacationing, but you could get a lot more bang for your buck by house sitting or renting a vacation home in the area. Not only can you find cheaper options, but you’ll have more amenities to choose from that can boost your savings, like free parking, kitchens and room to sleep more people in one location. You’ll live like a local and pocket some extra cash when you don’t have to eat out for every single meal.

5. Search for All-Inclusive Options

If you really want to live it up and stay in a hotel or resort, you can still enjoy all of the top of the line accommodations and amenities while saving some serious cash when you stay at an all-inclusive resort. You can save money in countries like Colombia by choosing packages that include your meals, excursions and even your drinks so you know what you’re spending before you ever take off for your trip. You’ll also save a lot of unnecessary wasted time and stress when you don’t have to add up the costs of everyone’s menu selections.

With a little saving and careful planning, you can be well on your way to the vacation of your dreams. Start preparing for your next big trip today!

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