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5 Great Tips To Plan a Budget Vacation in Thailand

5 Great Tips To Plan a Budget Vacation in Thailand

One of the most visited places in South East Asia, it is easy to see why millions of tourists flock to Thailand every year. It is culturally rich, has neon streets and skyscrapers, and pristine white-sand beaches with little fishing communities, all of which cater to different kinds of travellers from all over the globe.

Do you want a relaxing vacation by the beach? Or would you rather spend the vacation getting pampered by spas and massages? Or do you prefer street trotting and experiencing a new culture? Thailand has it all! But wouldn’t all that be expensive? Among the South East Asian countries, Thailand is undoubtedly one of the more expensive places to travel. This is because of the large influx of tourists it sees each year.

But I meant it when I said that Thailand caters to all kinds of travellers, including budget travellers. If you want an inexpensive Thailand trip plan, do extensive research and keep a track of how you spend your money, you can then certainly enjoy a vacation in Thailand on a shoestring budget. So here are some tricks and tips to travel to and within Thailand without spending too much.

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1. When should you travel?

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    Airport Express bus counter, Thailand by shankar s

    Start working on your Thailand travel planner early, and book your flight tickets several months in advance, when they are much cheaper. You should also avoid travelling on weekends and holidays (like Christmas) because prices surge during these times as well. Travel during peak tourist season (December to March) is not the best time to visit, either, due to the high prices and the crowds. Instead, travelling off-season can be cheaper as well as more peaceful.

    2. Accommodation

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    Picture3
      Backpacking Thailand by Keith Parker

      Finding a place to stay always takes a chunk of cash from your wallet when you’re travelling. You may be very easily tempted by swanky air-conditioned hotel rooms, but if you research a little more, you will see that there are many more affordable options. Try looking for backpackers’ hostels as they are always much cheaper than hotel rooms. If you’re travelling solo or with friends, this is a great option since you can meet a lot of other travellers as well. If you’re travelling with family, look for inexpensive guesthouses away from regular tourist areas.

      Tip: Double or triple sharing rooms in hostels (with friends) can sometimes be cheaper than a single bed in a communal dorm. Compare the prices before you choose.

      3. Food

      Picture4
        Thai food, Thailand by eak_kkk

        Anyone travelling to Thailand will want to experience the local cuisine. After all, it is food that is the real essence of a place! Where most people tend to go wrong is to have Thai food at international and fine-dining restaurants, and at places with are concentrated with tourists. Instead, a better option is to take to the streets. If you explore a little, you will find varied delicacies in the streets and night markets. Bangkok, especially, is famous for different localities that are bustling with street food vendors. You can also look out for cafeteria-style dining places, which are frequented by locals.

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        Tip: Try to look for food on side streets as opposed to main streets. Tourists and vendors frequent main streets where they often sell food for higher prices.

        4. Transportation

        Picture5
            Transportation, Thailand by Sven Scheuermeier

          The two cheapest ways to travel within Thailand are local trains and buses. Trains can be used when you’re travelling a long distance, and buses for the shorter distances. One thing you should not do is to book tickets at a travel agency. They have an added commission to the price of the tickets. Instead, go directly to the transportation central office and buy your tickets there. Tuk-tuks and taxis are another option to travel within cities, but will be more expensive than buses, because they quote high prices for tourists. When taking taxis, try finding ones that run their meters; that way, you’ll be paying a fair price.

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          5. Explore Southern Thailand

          Thailand has a lot of scopes for things to do as a traveller. What you know as the main tourist attractions is only a fraction of the places to visit in Thailand. There are many beautiful undiscovered and untouched spots in Thailand where you can travel to without spending as much. One more thing to remember is that the North of Thailand is significantly cheaper than the Southern part. You can use an online itinerary planner to map out your travels to Thailand beforehand and enjoy the best vacation you can on a comfortable budget!

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          Published on November 20, 2018

          The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

          The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

          The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

          Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

          In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

          Why Your Past Prevents You from Saving Money

          Are you constantly thinking about your financial mistakes?

          If so, these thoughts are holding you back from saving.

          I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

          It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

          For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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          How to Effortlessly Track Your Spending

          Stop manually tracking your spending.

          Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

          When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

          Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

          The Truth on Why You Keep Failing

          Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

          Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

          Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

          If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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          Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

          Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

          1. Save more than 50% of your available money (after expenses)
          2. Only buy nice things after saving
          3. Automate your savings with automatic bank transfers

          These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

          How to Foolproof Yourself out of Debt

          Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

          So how can you separate yourself from the 60%?

          By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

          This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

          For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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          Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

          A Proven Formula to Skyrocket Your Savings

          Having proven systems in place to help you save more is important, but they’re not the best way to save money.

          You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

          What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

          Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

          Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

          During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

          Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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          Transform Yourself into a Saving Money Machine

          Saving money isn’t complicated but it’s one of the hardest things you’ll do.

          By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

          The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

          Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

          Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

          What are you waiting for? Go and start saving money, the sky is your limit.

          Featured photo credit: rawpixel via unsplash.com

          Reference

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