How to travel without breaking the bank


You think only people with high salaries can afford international travel, right?


Are you putting off your travel dreams because you can’t save enough money to afford a trip? With good financial planning – and through the use of traditional savings methods – you can easily save enough money for a decent trip abroad. Here I will share how I save for my travels.

The BC method

Do you know the term “BC”? It is often called committee or com-ay-tee! It is an informal fund – often started by family elders – where members make a fixed contribution each month to help fund members access interest-free loans.

Here’s a fun fact: My first international trip to Dubai was only made possible by British Columbia. In 2016, I participated in a committee for 10 months worth Rs25,000. I had to submit Rs2,500 per month. The committee started in November 2015 and ended in August 2016. In July I received my money – TWENTY FIVE THOUSAND! Since I was earning little at the time, this money was a blessing for me. I used the money to book my first international flight – which cost around 29,000 rupees.

I prefer this method because it has a small effect on my monthly expenses. It is easier to withdraw Rs2,500, Rs5,000 or more each month than to save a huge amount of money. While traveling, the amount helps you to cover a big expense – tickets or hotel reservation.

Essential purchases

My main monthly expense is food for my cats. In addition to the meat I normally buy at the local chicken meat store, I need to buy treats and wet food for one of my cats. For this I have to make monthly trips to Naheed. Now, when you’re in a supermarket, you end up buying things you don’t need. A tub of ice cream? Yes why not! A new crisp flavor? YES! A can of iced ginger ale? A thousand times yes! These impulse purchases result in a few thousand more in your bill.

Our goal is to reduce non-essential expenses. So don’t fill your shopping cart with items you don’t need! When I save for travel, I time myself. I don’t spend more than 15 minutes in the store – that doesn’t include waiting time at the billing counter. I choose the essential items and refrain from choosing anything else – not even a Rs100 Lay packet.

How to travel without breaking the bank

Use credit card

A credit card can save your life if you use it diligently. Many banks offer you to pay your outstanding amount in several instalments. This feature helped me not be totally broke after my trip. I usually buy by credit card and pay three or six monthly installments to pay off the debt.

But before you swipe your card left, right, and center in a foreign country, be sure to call your bank‘s helpline to find out their payout policy – ask about fees unique salary rates, mark-up rates and the like. related costs.

Transfer money to savings account

At the beginning of each month, list your expenses – also include entertainment expenses. As soon as the salary credits are credited to your account, use it to pay bills, rent, your housing contribution, etc. Get out some cash for rides and food. Transfer the rest of the money to the savings account that you don’t use often. Forget the money and don’t take it out!

A savings certificate

This is a sort of extension of the previous point. If you’re not sure you can stop yourself from using the money you’ve saved in your account, you might consider buying a cash voucher. The Short Term Savings Certificate can be purchased by depositing cash or a check at a National Savings Office. The minimum deposit amount is 10,000 rupees. You will be entitled to a small amount of profit, which is due at the end of the maturity period, on these savings as well. The advantage of certificates is that they can be redeemed before maturity, but not earlier than one month from the date of issue. The maturity period of these certificates is three months, six months and one year. Without cash, you won’t end up spending the money you were saving for the trip.

How to travel without breaking the bank

Choice of reservation

The booking options you choose can also help you save money. Booking sites such as offer time-limited offers that you can review before confirming your booking. When you make non-refundable reservations, you get lower prices. The same is true for plane tickets. Non-refundable tickets – or flights with a long layover – may offer a lower price. Many banks also offer cardholder discounts – remember to check your bank’s offers.

Some additional information

What follows is not faithful to the initial subject. These tips are not about how to save money, but mainly about how to make more money. But I’m sharing them here because they help you increase your travel budget.


If your workplace allows you to freelance on the side, this is a great way to earn some extra cash. However, I would personally advise you not to overload yourself if you already have a demanding job.

small loan

Umm, again, not a very favorite way to fund your trip, but it’s not too bad either. If you have friends or family members who can lend you a small amount for the trip, you can take it.

What are you waiting for?

Saving money is not easy. But if you believe in delayed gratification, you would take the hard pill of not touching your money and setting it aside for more important things! Trust me as soon as you land in a new, uncharted foreign place, you’ll know you’ve made the right decision.