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What To Do With $30/Day? Visit These 30 Exotic And Cheap Cities Around The World

What To Do With $30/Day? Visit These 30 Exotic And Cheap Cities Around The World

Traveling to exotic places around the world doesn’t have to be something that costs hundreds of dollars everyday. Using a great tool called the “daily backpacker index” from priceoftravel.com, I found thirty cities that you can explore for less than thirty dollars per day!

These cities are all across the globe and are some of the coolest places to visit. So now that my work is done, it’s up to you, which one will you be traveling to first?

1. Pokhara, Nepal: $14.32/Day

    Flickr/Christophe

    This super cheap city is the tourist capital of Nepal. Pokhara is known for its treks, one of the most famous being Annapurna. You should only expect to pay a few dollars for every meal and beers can be found for less than two dollars!

    2. Kiev, Ukraine: $16.73/Day

    Kiev, Ukraine

      Flickr/Irisha

      This city is cheap compared to many other European cities which can cost upwards of seventy dollars per day. They struggle for tourists in this area of Europe since it’s off the main course that many travelers take. You can find attractions for less than a dollar per person.

      3. Phnom Penh, Cambodia: $21.95/Day

      Phnom Penh, Cambodia

        Flickr/Peter Collins

        This SE Asian city is the perfect place for anyone looking to travel on the cheap. Food is only a few dollars and things like bottled water can be found for only fifty cents. It would be a struggle to spend a lot of money here.

        4. Bangkok, Thailand: $22.33/Day

        Bangkok Canal

          Flickr/Eric Magnuson

          Things like attractions and even airfare can be found around here for cheap. The prices of attractions vary, but many temples cost less than two dollars. If you feel like going all out, you only have to pay fifteen dollars and you can visit the Grand Palace.

          5. La Paz, Bolivia: $22.24/Day

          La Paz, Bolivia

            Flickr/Ben Cumming

            The high towering city sits between 10,000 to 13,300 feet above sea level depending on the area. You can find transportation for as little as a few dimes depending on what kind you take. Taxi’s are a bit more expensive, so I suggest taking public transportation when possible, but even then the prices are not staggering.

            6. Chiang Mai, Thailand: $18.10/Day

            Kalare Night Bazaar - Chiang Mai, Thailand

              Flickr/AG Gilmore

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              The second largest city in Thailand boasts many free attractions and extremely cheap three-star hotel rooms. Transportation is only a few dollars per trip and beer can be found for less than a dollar.

              7. Cusco, Peru: $26.93/Day

              Cusco, Perú

                Flickr/Gustavo Vargas

                A very common tourist destination due to Machu Picchu, it’s also quite cheap. There are a few more expensive parts to the area like flights to Cusco as well as the train from Ollantaytambo to Machu Pichu, which can cost over a hundred dollars.

                8. Quito, Ecuador: $22.30/Day

                Quito-Ecuador

                  Flickr/Christian Cadena

                  The city has hostels and hotel rooms for very little as well as food. Many of their main attractions are free as well. It’s safe to say that a day exploring this city isn’t going to even come close to breaking the bank.

                  9. Vientiane, Laos: $21.32/Day

                  Pha That Luang, Vientiane, Laos I

                    Flickr/Samnang Danou

                    This city is known for being very modern, one of their attractions for example is a large water park that opened in 2008. You can find attractions that only cost a few dimes and you can find rice whiskey and beer for just over a dollar.

                    10. Manila, Philippines: $25.52/Day

                    Manila City View

                      Flickr/Joe Forjette

                      It’s easy to find free things to do in the massive city as well as transportation that can easily be found for less than a dollar. The hotels range in price from being very inexpensive to being very expensive.

                      11. Kathmandu, Nepal: $18.45/Day

                      Kathmandu Valley Sunset

                        Flickr/Mike Behnken

                        Depending on how picky you are, you can find some of the cheapest hostels and hotels on the planet, but they can come in pretty shady conditions. You only have to pay a little extra though to get something that is comfortable. Kathmandu is also less than one hundred miles away from Mt. Everest if you would like to see the giant.

                        12. Bali, Indonesia $27.66/Day
                        Bali, Indonesia

                          Flickr/Armando Torrealba

                          Home to Kuta, which is one of the best places to find travel deals, you can relax on the beach all day. They are known for their awesome nightlife and for surfing. You can rent out a surfboard for between two and seven dollars.

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                          13. Phuket, Thailand: $26.75/Day

                          Phuket, Thailand

                            Flickr/Jeremy Jones

                            Known for its excellent beaches, Phuket is an island that is in the southern part of Thailand. You can find attractions for only a few dollars or go all out on an all-day snorkeling tour for less than eighty dollars.

                            14. Krakow, Poland: $27.86/Day

                            Krakow, Poland

                              Flickr/Nick Salmond

                              No matter how little your budget is, you will be able to explore the cities main attractions like museums and palaces. You can get into the Wawel Castle for less than six dollars and if you go at the right time, you can get in for free!

                              15. Yangon, Myanmar: $27.83/Day

                              MYANMAR (BIRMANIA-BURMA) YANGON (RANGUN) SWEDAGON PAYA

                                Flickr/Jose Javier Martin Espartosa

                                The largest city in Myanmar has been rising in prices recently, but is still very cheap. It’s actually a fairly new tourist city since the tourism boycott was lifted in 2012. Hotels are now just beginning to pop up!

                                16. San Jose, Costa Rica: $29.43/Day

                                Parque Morazán Hidden Behind the Trees

                                  Flickr/Richie Diesterheft

                                  Although it’s one of the more expensive cities in Central America, it’s still pretty cheap. You can find all three meals for only a few dollars each and beers for less than two. You can also get a ‘Guaro shot,’ which is sugar-cane alcohol served with a lime wedge for fifty cents if you want to get your drink on.

                                  17. Cairo, Egypt: $26.76/Day

                                  Islamic Cairo

                                    Flickr/Joonas Plaan

                                    One of the greatest skills you can have on the road is the ability to bargain and that comes in handy while in Cairo. You can get a car to be at your service for an entire day for an affordable price, cheaper food, and you can pick up even better deals at hotels.

                                    18. Sofia, Bulgaria: $25.42/Day

                                    Sofia, Bulgaria, Vitosha Boul

                                      Flickr/Stella

                                      Eastern Europe is a cheap area all around and Sofia isn’t any different. You can get into many free attractions, find reasonable prices on food, and find comfortable hotels. Transportation can be a bit expensive, so I suggest watching which method you take to get around the city.

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                                      19. Panama City, Panama: $27.72/Day

                                      HDR of Panama City, Panama

                                        Flickr/Matthew Straubmuller

                                        This city has been a tourist favorite of late, so the best time to go to assure low prices is right now, in case they increase as the popularity of the area does. Right now you can find food and transportation for only a few dollars.

                                        20. Hoi An, Vietnam: $23.13/Day

                                        Danang or Hoi An Vietnam 153

                                          Flickr/Joseph Hunkins

                                          It’s easy to have a good night out here as the beer is only a few dimes (if not less) and they have dollar cocktails. The food is also extremely cheap. You can get a room with AC, cable, fridge, and Wi-Fi for next to nothing.

                                          21  Marrakesh, Morocco: $29.94/Day

                                          Place Jemaa el-Fna - Marrakech - Morocco - Maroc - Maroko - Μαρόκο - Fas - Marruecos - Marokko - Марокко - Night - Nuit - Photo Image Photography

                                            Flickr/Grand Parc – Bordeaux, France

                                            The overall prices of this city are very cheap, but you have to be careful where you book your rooms since they can be very low quality. The best places to get food are at street carts and the local restaurants.

                                            22. Delhi, India: $21.54/Day

                                            Connaught Place sunset

                                              Flickr/Ville Miettinen

                                              Another massive city, it can be explored for relatively cheap if you plan ahead. You can get into Humayaun’s Tomb for only four dollars and the Taj Mahal for a little over twelve.

                                              23. Beijing, China: $28.41/Day

                                              People Relaxing in a Beijing Park

                                                Flickr/Gordon McMullan

                                                Planning ahead to figure out where you want to stay and which attractions you want to go to is the best method to travel here, since they can get rather expensive if you’re not careful. One great place to go is the Forbidden city which only costs ten dollars!

                                                24. Hanoi, Vietnam: $15.79/Day

                                                Hanoi dawn

                                                  Flickr/Yen H Nguyen

                                                  One of the cheapest cities on this list, Hanoi is the capital of Vietnam. You can explore the Hoa Lo Prison where many people, including John McCain, served time in, for less than a dollar.

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                                                  25. Saigon, Vietnam $18.16/Day

                                                  Ho Chi Minh City District 1

                                                    Flickr/Tim Lam

                                                    Also known as Ho Chi Minh City, it’s another extremely cheap city in Vietnam. You can take a one hour cyclo ride for only  two or three dollars and find food and alcohol for less than five dollars.

                                                    26. Luang Prabang, Laos: $21.65/Day

                                                    Luangprabang 15

                                                      Flickr/Attila Terbócs

                                                      You can find some great guesthouses around the city as well as many different types of hotels for you to choose from, depending on how much luxury you want on your trip. There are also many great and cheap restaurants in the city that you can enjoy.

                                                      27. Sarajevo, Bosnia and Herzegovina: $28.48/Day

                                                      Sarajevo, Bosnia and Herzegovina - bridge over the Miljacka

                                                        Flickr/jaime.silva

                                                        The European city is very cheap and is trying to get more tourists after recovering the the mid-90s wars, which makes it a great place to find cheap food and accommodation. You can eat three meals here for as little as ten dollars.

                                                        28. Belgrade, Serbia: $27.52/Day

                                                        Belgrade Cityscape

                                                          Flickr/Jovan Marković

                                                          Like Sarajevo, they are also struggling to bring in tourists. You can find hotels and hostels for a good mix of comfort and price. Attractions and food are also very cheap.

                                                          29. Bucharest, Romania: $24.24/Day

                                                          Dambovita, Bucuresti, Romania

                                                            Flickr/Gaspar Serrano

                                                            This is the next big destination on my travel bucket list because of the prices. You can explore the village museum for only three dollars and even less if you’re a student. The Parliament Palace (the second largest building in the world) is less than eight dollars and that even includes a tour.

                                                            30. Jakarta, Indonesia: $25.25/Day

                                                            Jakarta Rooftopping At Night.

                                                              Flickr/kaybee07

                                                              Jakarta is a massive city that is known for being hot and humid, but the prices are excellent. Food and attractions are only a few dollars and the hotels are inexpensive as well.

                                                              Now that you know about all of these amazing places, how about checking out my other article to learn how you can travel them for even less? I wrote about some of my favorite budget travel tips and you can find that article here:40 Budget Travel Tips That Every Wanderlust Should Know.

                                                              Featured photo credit: kaybee07 via flickr.com

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                                                              Last Updated on August 20, 2019

                                                              How to Set Financial Goals and Actually Meet Them

                                                              How to Set Financial Goals and Actually Meet Them

                                                              Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

                                                              In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

                                                              5 Steps to Set Financial Goals

                                                              Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

                                                              1. Be Clear About the Objectives

                                                              Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

                                                              It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

                                                              Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

                                                              2. Keep Them Realistic

                                                              It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

                                                              It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

                                                              3. Account for Inflation

                                                              Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

                                                              Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

                                                              For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

                                                              4. Short Term vs Long Term

                                                              Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

                                                              As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

                                                              More on this later when we talk about how to achieve financial goals.

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                                                              5. To Each to His Own

                                                              The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

                                                              It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

                                                              By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

                                                              11 Ways to Achieve Your Financial Goals

                                                              Whenever we talk about chasing any financial goal, it is usually a 2 step process –

                                                              • Ensuring healthy savings
                                                              • Making smart investments

                                                              You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

                                                              Ensuring Healthy Savings

                                                              Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

                                                              This is the focal point from where you start your journey of achieving financial goals.

                                                              1. Track Expenses

                                                              The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

                                                              Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

                                                              2. Pay Yourself First

                                                              Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

                                                              Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

                                                              The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

                                                              Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

                                                              3. Make a Plan and Vow to Stick with It

                                                              Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

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                                                              Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

                                                              At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

                                                              Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

                                                              You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

                                                              4. Rise Again Even If You Fall

                                                              Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

                                                              If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

                                                              Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

                                                              All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

                                                              5. Make Savings a Habit and Not a Goal

                                                              In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

                                                              Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

                                                              Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

                                                              If you are travelling buff, try to travel during off season. Your outlay will be much less.

                                                              If you go out for shopping, always look out for coupons and see where can you get the best deal.

                                                              So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

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                                                              6. Talk About It

                                                              Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

                                                              Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

                                                              7. Maintain a Journal

                                                              For some people, writing helps a great deal in making sure that they achieve what they plan.

                                                              So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

                                                              Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

                                                              When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

                                                              At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

                                                              Making Smart Investments

                                                              Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

                                                              8. Consult a Financial Advisor

                                                              Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

                                                              Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

                                                              9. Choose Your Investment Instrument Wisely

                                                              Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

                                                              Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

                                                              Do you remember we talked about bifurcating financial goals in short term and long term?

                                                              It is here where that classification will help.

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                                                              So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

                                                              10. Compounding Is the Eighth Wonder

                                                              Einstein once remarked about compounding,

                                                              Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

                                                              So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

                                                              Start investing early so that time is on your side to help you bear the fruits of compounding.

                                                              11. Measure, Measure, Measure

                                                              All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

                                                              If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

                                                              If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

                                                              Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

                                                              The Bottom Line

                                                              This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

                                                              As you can see, all it requires is discipline. But guess that’s the most difficult part!

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                                                              Featured photo credit: rawpixel via unsplash.com

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