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11 Amazing Countries Anyone Can Travel To On A College Budget

11 Amazing Countries Anyone Can Travel To On A College Budget
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Need a vacation but have a tiny travel budget? Planing a trip on a student budget might not be as restricting as you thought. There are countries in the world where travel costs can be a fraction of what you would pay in other destinations. I did a little research based on cost of living and budget travel costs in certain countries and found some astoundingly cheap places to visit. There are also lots of cheap and free things to do in these countries.

My findings are broken out like this for each country:

  • Cheapest dorm bed at a decent hostel in the Countries capital. If staying outside the capital I am pretty sure you would find even cheaper.
  • Two trips on public transit a day (the counties average price).
  • One paid attraction a day based on prices in the countries capital.
  • Three cheap meals a day.
  • Three domestic beers a day.
  • Adding all for mentioned together for a total daily budget.

Here are 11 countries anyone can travel to on a college budget:

1. Colombia

Colombia- travel on a college budget
    Photo via Flickr

    Colombia has Caribbean coast, towering Andean mountains and mysterious Amazon jungle making it one of the most exotic and alluring countries in South America. Caribbean, Spanish and Indigenous cultures combine to create delicious cuisine, striking colonial architecture and the warmest, beautiful people. To make Colombia even more enticing, it can be as easy on the wallet as it is on the eyes. Colombia has a lot of cheap accommodation options and is loaded with free and cheap things to do.

    Accommodation (hostel dorm bed) and attraction prices are based on prices in Cartagena and the rest is average pricing for Colombia.

    • Cheap accommodation- $11.77
    • Transportation- $1.62
    • Meals- $11.46
    • Drinks- $3.57
    • Attractions- $7.27
    • Daily budget- $35.69

    2. Ecuador

    Ecuador travel on a college budget
      Photo via Flickr

      Ecuador is Colonial architectural treasures, picturesque plazas and meandering cobbled streets. Coupled with misty Amazon rain forest, majestic volcanoes and you have all the makings of an adventurous fairy-tale. Whats even more surreal, travel to Ecuador can be quite cheap. Every city has many free and cheap things to do. Wander an open air market, they are free to visit and a great way to experience the culture in Ecuador or take a free walking tour and learn about the city you are visiting from a local guide.

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      Accommodation (hostel dorm bed) and attractions are based on prices in Quito and the rest is average cost of living in Ecuador.

      • Cheap accommodation- $10.75
      • Transportation- $0.50
      • Meals- $9
      • Drinks- $3
      • Attractions- $5.25
      • Daily budget- $28.50

      3. Bolivia

      Bolivia travel on a college budget
        Photo via Flickr

        Some say a little perplexing, rough around the edges even. Bolivia is unequivocally robust, complex and bewitching. One of the Earths best trekking countries, Bolivia offers towering peaks, swaths of dense jungle and sweeping forbidden expanses that beckon you even further into the wild. What this means is, Bolivia is unbelievable and one heck of a deal to explore. It is free or very cheap to visit most of Bolivia’s beautiful churches and Museums.Outdoor adventure activities abound in this intriguing country and are quite inexpensive as well.

        Accommodation (hostel dorm bed) and attractions are based on prices in La Paz and the rest is average cost of living in Bolivia.

        • Cheap accommodation- $9.78
        • Transportation- $0.60
        • Meals- $6.51
        • Drinks- $4.51
        • Attractions- $1.93
        • Daily budget- $23.33

        4. Nicaragua

        Nicaragua travel on a college budget
          Photos via Flickr

          Smoldering Volcano Conception spills smoke over Lake Nicaragua and gives birth to one of the worlds most exciting views. Nicaragua’s Conception is fire from earth, wind over water telling the swirling, passionate tale of elemental importance in the countries tumultuous, distant past. It sounds intriguing doesn’t it? Good news is, it’s inexpensive too.

          Accommodation (hotel) and attractions are based on prices in Managua and the rest is average cost of living in Nicaragua.

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          • Cheap accommodation- $18
          • Transportation- $0.30
          • Meals- $15
          • Drinks- $3
          • Attractions- $7
          • Daily budget- $43.30

          5. Costa Rica

          Hike through the rain forest, zip line through the canopy. Enjoy gushing white water rapids and epic world class surfing. Hike lofty trails and behold smoldering volcanoes. Given its compact size, you can experience all of this in Costa Rica without breaking the bank.

          Accommodation (hostel dorm bed) and attractions are based on prices in San Jose and the rest is average cost of living in Costa Rica.

          • Cheap accommodation- $12
          • Transportation- $1.48
          • Meals- $22.23
          • Drinks- $6
          • Attractions- $9.28
          • Daily budget- $50.99

          6. Mexico

          medium_8563067756
            Photo via Flickr

            Mexico has it all; deserts spotted with juicy cactus, lush jungles teaming with exotic wildlife, white sand beaches and idyllic lagoons. Oh, and lets not forget all of the food that will make your taste buds rejoice. Mexico is a bonafide thriller for the senses. Not so much for the bank account.

            Accommodation (hostel dorm bed) and attractions are based on prices in Mexico city and the rest is average cost of living in Mexico.

            • Cheap accommodation– $2
            • Transportation- $1.04
            • Meals- $13.26
            • Drinks- $4.41
            • Attractions- $6.32
            • Daily budget- $27.03

            7. Romania

            romania travel on a college budget
              Photo via Flickr

              Steeped in folk lore, Romania has all the trappings of a Grimms tale. There are heart-stopping castles perched ominously on jagged hilltops, villages that appear to have just stepped out of the middle ages and a small part of the population that still honestly believes in witchcraft. The stuff of fairy tales indeed.

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              Accommodation (hostel dorm bed) and attractions are based on prices in Bucharest and the rest is average cost of living in Romania.

              • Cheap accommodation- $12.85
              • Transportation- $1.12
              • Meals- $16.41
              • Drinks- $4.23
              • Attractions- $4.01
              • Daily budget- $38.62

              8. Thailand

              medium_301954879
                Photo via Flickr

                Thailand has culture, history, shining temples, outstanding food, tropical beaches and buzzing cities with bumping nightlife. There is something for every budget no mater how small in the land famous for it’s peoples enchanting smiles.

                Accommodation (hostel dorm bed) and attractions are based on prices in Chang Mai and the rest is average cost of living in Thailand.

                • Cheap accommodation- $6.63
                • Transportation- $1.22
                • Meals- $5.01
                • Drinks- $5.49
                • Attractions- $3.34
                • Daily budget- $21.69

                9. Albania

                Albania travel on a college budget
                  Photo via Flickr

                  Europe is perceived to be expensive but some of its countries are great for travelers on a budget. Quite possibly Europe’s best kept secret, Albania is loaded with natural beauty, remarkable attractions and mountain villages seemingly frozen back in time (like the prices to visit this little gem).

                  Accommodation (hostel dorm bed) and attractions are based on prices in Tirana and the rest is average cost of living in Albania.

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                  • Cheap accommodation- $11.67
                  • Transportation- $0.54
                  • Meals- $18.66
                  • Drinks- $3.72
                  • Attractions- $6
                  • Daily budget- $40.59

                  10. Sri Lanka

                  sri lanka travel on a college budget
                    Photo via Flickr

                    Ahh, Sri Lanka; Savory food, limitless stretches of beach, enduring relics. Best known for it’s tea, I was surprised to learn tiny Sri Lanka has 8 UNESCO World Heritage Sites. Distances between things are short so it’s easy to get around cheaply. There is much to see, mountains, lush tea plantations,rain forest teaming with wild life and spectacular temples. Sri Lanka is alluringly beautiful, and affordable.

                    Accommodation (hostel dorm bed) and attractions are based on prices in Colombo and the rest is average cost of living in Sri Lanka.

                    • Cheap accommodation- $16.02
                    • Transportation- $0.46
                    • Meals- $4.59
                    • Drinks- $4.14
                    • Attractions- $15
                    • Daily budget- $40.21

                    11. Indonesia

                    indonesia travel on a college budget
                      photo via Flickr

                      Indonesia is a land of intrigue. Boasting thousands of islands, hundreds of languages, white sand beaches and simmering volcanoes. Indonesians staggering diversity equals one heck of a grand adventure. With so much to offer travelers there are many free and cheap things to do to experience the best of Indonesia.

                      Accommodation (hostel dorm bed) and attractions are based on prices in Jakarta and the rest is average cost of living in Indonesia.

                      • Cheap accommodation- $17.22
                      • Transportation- $.58
                      • Meals- $6.12
                      • Drinks- $6.12
                      • Attractions- $1.02
                      • Daily budget- $31.06

                      Booking plane tickets is another budget challenge. Airlines adjust prices regularly so check prices early and frequently. They can change pricing multiple times within a week so check daily until you find a price you like. The best pricing is generally seven weeks in advance. You are likely to pay more booking last minute or too far in advance.

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                      Featured photo credit: Pedro Szekely via flickr.com

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                      Last Updated on July 20, 2021

                      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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                      Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                      Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                      Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                      In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                      Break Free of Your Finances

                      Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                      When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                      Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                      Though it seems hard to believe, it is really very simple to get financial freedom.

                      To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                      While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                      Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                      1. Stop Unnecessary Spending

                      We often spend money inwardly, instead of objectively.

                      For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                      To stop this habitual spending, log down all your spending over the course of a month.

                      Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                      This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                      2. Plan a Monthly Budget

                      This is a great opportunity to get serious.

                      Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                      Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                      3. Cut-up Credit Cards

                      Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                      If not, you may want to consider ridding your life of the burden that credit cards bring.

                      Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                      Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                      4. Increase Savings

                      There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                      It’s good practice to save up to 15% of your income.

                      Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                      Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                      5. Invest Wisely

                      Consider investing in funds.

                      Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                      To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                      Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                      6. Invest in Gold

                      There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                      You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                      Another way to invest in gold is through ETFs (Exchange Traded Funds).

                      These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                      With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                      7. Stash Emergency Funds

                      Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                      If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                      Make it hard to get your cash.

                      Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                      8. Find Fabulous Mentors

                      Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                      If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                      There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                      9. Be Extra Patient

                      Patience is the key of financial success.

                      Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                      So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                      Financial Freedom for All

                      Anyone can achieve financial freedom, regardless of their financial circumstance.

                      Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                      Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                      Featured photo credit: rawpixel via unsplash.com

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                      Reference

                      [1] Hartford Gold Group: IRA Retirement Accounts

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