Vacation travel is back in full swing. But why should exploring the world on your own be reserved for those with lots of cash or a huge Instagram following?
It doesn’t have to be that way. With some smart planning, some time spent creating a budget and an adventurous spirit, you can spend rock bottom and still travel like a rock star.
The following are some simple tips to turn your much-needed alone time into the vacation of your dreams:
- Make plans early: This will give you more time to save money and book the best deals on flights, hotels and activities. Prices often rise and fall with demand, so the earlier you start looking, the better chance you’ll have to find lower rates. Okay, so how do you know what time is the best time to book? Google Flights is one way to track prices. It has an alert feature to notify you when a price drops and it also tells you how fares compare to past pricing.
- Be flexible: If you can be flexible with your travel dates and times – even with your destinations themselves – you could save even more. As a solo traveler this is worth considering, since the only schedule you need to accommodate is yours.
- Opt for the off-season: This might sound obvious, but it makes a huge difference. Discounted hotels, half-price tours – not to mention fewer crowds and tourists – are just some of the benefits. Your credit card reward points might go further too!
- And speaking of reward points: Using a credit card with a rewards program is a way to earn points that can be used for vacation expenses. Choose a credit card with a rewards program that works for you. By using the credit card for everyday purchases (even for small transactions), you could be saving for that big trip.
- Open a high-yield savings account: A high-yield savings account typically pays 20 to 25 times above the national average of more standard savings accounts. Setting money aside requires discipline but starting your savings early and setting up recurring deposits can pay big dividends.
- Rent out your place: Depending where you live, renting out your home could not only help offset your travel expenses, but you might even make some extra money.
- Pack light: Remember, it’s just you, so don’t pack your entire closet. This allows you to avoid checked baggage fees, as well as giving you more agility when navigating public transit.