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40 Budget Travel Tips Every Wanderlust Should Know

40 Budget Travel Tips Every Wanderlust Should Know

If you’re missing the road, what better time than now to begin preparations for the next great adventure? But before you get too far into your planning, be sure to check out these great tips and websites to avoid paying too much. These will make saving cash a breeze!

General Budget Travel Advice

1. Stay far away from touristy restaurants and instead go down a few blocks and eat where the locals do.

2. Travel during the low-peak season and avoid traveling during the summer and around holidays.

3. Enjoy a nice picnic instead of eating out. You can experience the local culture’s day-to-day activities, as well, by shopping in their grocery stores.

4. If you’re traveling between countries, try to do as much buying of needed items as possible in the cheaper countries where your dollar can stretch farther, then avoid the souvenirs in the more expensive ones.

5. Understand what your options are for rail passes, especially if you’re in Europe.

6. Buses are the best method of transportation if you’re just trying to get around a city. They are your cheapest option outside of walking.

7. If you do drive though, be careful where you park. If a thief recognizes a tourist’s car they are much more likely to break into it.

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8. Use a wallet-friendly airline. Europe has very competitive airlines and that drives down the price. In many instances you can get a flight to another city for less than the price of a rail pass.

9. Negotiate deals. You can always ask for a cheaper price on the phone with your airline or hotel.

10. Use a museum pass. Many of the passes will pay for themselves and you will be able to keep coming back.

11. Bring a water bottle. Paying for pop and water adds up quickly and that money can get you another night in a hostel every week!

12. If you’re in a hot environment and you have the option, stay at a hostel that only offers cold running water instead of hot and cold. It’s cheaper and you probably won’t be feeling like a hot shower anyway.

13. Hotels generally have a ton of extra toothbrushes, paste, shaving cream, razors, and even phone chargers. Ask if you can have them before you go out and buy them yourself.

14. Go where the dollar is strong. You’ll be able to get a much bigger bang for your buck and be able to extend your trip by weeks or months.

15. Take advantage of complimentary breakfasts to get as much food as possible and save some for snacks later.

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16. Bakeries generally offer half-priced goods at the end of the day to keep things fresh. It’s a great way to get some good food for little outlay.

17. Always look to get free admission to museums and other local activities that may be going on.

18. Don’t go overboard on souvenirs and instead buy something like a postcard or just take your own photos. Plus, the extra weight can add up, as backpackers will know.

19. Do things as a group if possible. Whether that’s carpooling or going on a tour, you can typically get better deals.

20. Don’t take what you don’t need. The extra weight will cost you when you’re boarding the plane and anything you need can be bought cheaply when you arrive.

21. Plan out your day so you know where your money will be going. You don’t have to plan the whole trip, but looking over your day in the morning is a great way to cut costs.

22. Get travel insurance before you leave. While it does cost money, it’s totally worth it if you get injured, and can end up saving you a lot in the long run.

23. If you’re traveling by train, take the night train. It will save on accommodation and once you’re used to it, sleeping won’t be a problem on them.

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24. If you plan on visiting a tourist town, stay next door and take public transit into the town. The prices will be much cheaper in the town over.

Budget Websites

25. Search deals online at JetsetterPriceline, or Hostelworld to pick up some great last-minute deals.

26. Go couchsurfing. You can stay in locals’ homes for free and get a more in-depth experience of their culture.

27. Keep up to date on all things travel miles by following awesome travel bloggers like The Points Guy.

28. Use many different flight search engines, but hands down, Momondo is the best that I have ever seen for scooping up great deals.

29. If you’ve always wanted to travel by sea you can join Crew Seekers and experience what it’s like to be a pirate! Well, kind of.

30. Check out VirtualTourist so you don’t get lost. They crush it in the guide department.

31. There are a lot of great tour companies out there so check out those that are highly rated. I suggest taking a look at G AdventuresIntrepid Travel, and Gate 1 Travel.

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32. Discount cards are a great way to save cash and if you’re a student, STA Travel has one that’s bonkers.

33. Another really cool card for backpackers with fewer restrictions than STA’s card is the VIP Backpackers card.

34. Volunteer on a farm so you can stay for free with WWOOF!

35. Use a travel rewards card while you’re traveling. Every dollar you spend goes right back into your next trip and can earn you a free flight. You can use creditcards.com to compare cards.

36. Check out local programs for possible tax refunds. Thailand has one that will give you 7% back on luxury goods!

37. Get a card with no foreign transaction fees. This will save you a lot of unnecessary costs. You can use creditcards.com again for this.

Apps

38. Check out the Hotel Tonight’s app to get great last minute deals.

39. Use Yelp to find anything and everything in your local area. It’s a great tool to compare nearby businesses.

40. Plan your vacation with Trip Saver by Nomadic Matt to keep track of your budget. You can set daily spending limits too!

Featured photo credit: Siim Teller via flickr.com

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Published on November 5, 2020

8 Best Finance Apps For Effective Budget Tracking And Planning

8 Best Finance Apps For Effective Budget Tracking And Planning

Looking for ways to effectively track, plan, and manage your budgeting? Well, there is a multitude of apps for that! Finance apps are the best options around for tracking and planning your budget and keeping you accountable. After all, using a pen and paper can make it cumbersome to track.

The apps that we’ve listed below do a ton of the heavy lifting for you and provide a wide array of functions to help you with your financial needs.

How to Pick a Suitable Finance App

When looking at some of the best finance apps that are ideal for budgeting, we found these particular features to be important. Keep these in mind when looking for ideal finance apps.

  • User interface – Navigation is key in any circumstances of an app. This is especially true for helpful apps like finance apps. You want to be using them regularly. As such, the interface should be simple to navigate.
  • Habit building – Finance tracking is all about building money habits, and apps have unique ways of building those habits. There is the app itself but features like push notifications are also essential in some circumstances.
  • Syncing – You should be able to connect your bank account to these finance apps, and that process should also be pretty easy to do, too.
  • Usefulness – The number of features that the app has should be relevant and make it something you want to check. Sure, some of these finance apps work in the background, but those on this list help significantly when you check them regularly.
  • Data presentation – The number of reports and analytical data is a core focus for these finance apps as well since it allows you to make sound financial decisions.

1. Best Finance App Overall – Mint

    If you’re looking for an overall quality finance app, Mint is the first that comes to mind. It’s one of the most well-known personal finance apps around and for good reason. It provides you with a complete financial picture all in one place.

    By connecting your debit and credit cards to your account, Mint will provide you with a list of transactions and break them into categories, showing you exactly where you are spending your money. You can also track billing and create a budget on the app to help you stay on track of your savings goals.

    A new feature that Mint rolled out recently is the ability to see your credit score. Through this feature, you can also see the factors that are contributing to your credit score. Beyond that, you can also track investments and schedule routine utility payments.

    Download Mint here.

    2. Best Finance App for Debt Management – YNAB

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      You Need A Budget (YNAB) is an app that is built on four rules:

      1. Give every dollar a job.
      2. Embrace true expenses.
      3. Roll with the punches.
      4. Age your money.

      Based on these four rules, the app will help you build a better budget while also allowing you to gain control of your spending. You can import transactions from your checking account and apply them to each budget category to get an accurate look at your spending.

      This app also provides detailed reports to show you your spending habits while you are striving to keep a balanced budget in the various categories. YNAB will also point out other spots that you can improve your spending.

      According to YNAB, the average user will save about $600 in the first two months and can save over $6,000 in the first year. It sounds promising for a debt management app.

      Download You Need A Budget here.

      3. Best Wealth Management App – Personal Capital

        Another solid choice is Personal Capital. It focuses on wealth management but also serves as another personal finance app. Through this app, you can manage assets and investments along with setting up a budget for everyday spending accounts.

        This service integrates with over 14,000 financial institutions, allowing you to link your bank account(s) directly to the app and through it. By linking your bank account to the app, you can track your spending, too.

        That said, the app really shines when you connect it to your investing accounts. By doing so, you have a convenient spot to track your portfolio by account, asset class, or individual security. The app can also show you opportunities to diversify, manage risk, and find any hidden fees that you could be paying.

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        You can also compare your own portfolio to the major market benchmarks to help you keep track of whether you’re on track to reaching your goals. You can also get financial advice from this app as the financial advisors here are registered and can provide you with advice tailored to your goals.

        Download Personal Capital here.

        4. Manage Your Subscriptions – Clarity Money

          One of the popular business models that companies are moving to these days is subscription-based. While this model does have its merits, one of the many problems that we face with this model as consumers is that we find ourselves subscribed to things we don’t need. Paying for a streaming service is nice, but many people often are subscribed to multiple streaming services.

          Because it’s so difficult to remember and even track all the subscriptions we’re paying for, this particular app can provide us with clarity. Clarity Money is all about bringing to light what you are paying for and providing you with a convenient way to cancel and throw away unused subscriptions you’re not using.

          Beyond removing unnecessary subscriptions, the app also looks at your spending behavior and offers suggestions for ways to improve your financial health. You can even make deposits to your savings account through this app.

          Download Clarity Money here.

          5. Best Bill Paying App – Prism

            If you’re looking for a convenient app that shows all of your bills and financial apps, this is the app for you. Prism takes pride in having 11,000 billers on this app. This is the highest amount of billers on bill-paying apps you can find. From billers like large banks to even small utility companies, chances are high that the company you’re paying for accepts this app.

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            In terms of actual function, you can add your bills to the app and the app will then automatically track it. It’ll send you date reminders to pay the bill as well so you won’t get hit with late payments. On top of that, you can schedule payments to be made the same day or several days in advance as well. Prism is a nice app that allows you to pay bills in one sitting without having to log in to several accounts.

            Download Prism here.

            6. Best Shared Expenses Management App – Spendee

              Many of these apps are focused on providing services to a single user. This is natural considering most of these apps are asking for your banking information. However, this is one of the few apps on here that allows multiple people to use it.

              With Spendee, the idea is to create shared wallets with your friends and family that you can then use to manage shared expenses for a household budget. You will need to get bank transactions for this to work, but that is fine. After that, the app will categorize all of the transactions and tally how you’re spending money every month.

              You’ll be able to add cash expenses manually as well for accuracy. Beyond those features, you’ve got bill tracker functionality to ensure you pay your bills and avoid late payments. There is also a budget component that will allow you to save and ensure you don’t overspend.

              Download Spendee here.

              7. Best Visuals on Finance App – Mobills

                Mobills is another bill management app that offers a great presentation of information. The app focuses on bill management and offers typical features you can find in these apps. These include categorizing your bills, paying them through the app, and setting up budgets to ensure you stick to them.

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                That being said, Mobills delivers these features remarkably. It presents you with charts that are completely interactive and can help you analyze your financial life. Also, moving bills to various categories is easy and smooth to do.

                Download Mobills here.

                8. Best Finance App for Budgeting Overall – EveryDollar

                  Dave Ramsey is a personal finance expert who urged people to follow a zero-based budget method. This method is the idea that every dollar serves a purpose in your budget. It’s this concept that has inspired the name of this app: EveryDollar.

                  With that in mind, the app provides a monthly expense tracker that you can connect your bank account to. This will take note of important transactions to ensure your spending is in check. You can even split expenses between multiple budget items. The tracker also provides you with an overview of how much money you’ve spent this month and what you’ve got left.

                  Staying true to the name, EveryDollar also has a money management aspect that will help you set up a money management plan. You’ve got access to money management experts who will guide you through financial planning.

                  Download EveryDollar here.

                  Final Thoughts

                  Many financial apps are available to help you achieve your financial goals. Each app has its own perks and benefits to consider. The nice thing about many of the apps on this list is that they have free trials that allow you to get a good feel of them before fully getting them.

                  More Finance Apps

                  Featured photo credit: Austin Distel via unsplash.com

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