10 Tips for Traveling on a Shoestring Budget

As a young adult traveling on a daily budget of just $48, including transportation and all expenses, many people—especially fellow Americans—are surprised at how I manage to travel so affordably. The key is understanding that budget travel often involves some sacrifice and a willingness to work or trade comfort for experience. If you’re ready to stretch your money and dive into budget travel, here are 10 tips to help you get started.

1. Work for a study abroad program

This is by FAR my favorite travel tip. I kicked off my travel gap year in 2023 by literally hopping on a hop directly after my college graduation. Like I was at Fenway Park listening to speeches by my University President at 4PM and was on my way to the airport at 6PM to catch my flight departing at 8PM. When I was presented with the opportunity to work for the program earlier in the school year I instantly jumped at it because it was such a great deal.

While every study abroad program may offer different benefits, the one I worked for was a five week design-focused program based in Basel, Switzerland. My job was to accompany the professor and students on all of their excursions, handle logistical efforts, and to assist any students with medical or other emergencies. I got paid for 40 hours every week, my flights there and back home were completely covered, I received a meal stipend, a single room in a hotel, received travel insurance through the university, and I even received a partial reimbursement for my international phone bill! You can’t get a better deal than that. Even if you are somebody with $0 in the bank you would still be able to do that as everything is covered.

The program I did is only available to current students and alumni of my college, but I encourage you to look into schools with well-known international presences to see if they offer something similar.

2. Opt for hostels over hotels

Hostels are shared accommodation often used by backpackers and budget travelers around the globe. They’re not very common or well known in the United States, which is partially why I think most Americans aren’t aware of how to budget while traveling.

I know that hostels aren’t for everyone but I highly recommend trying one if you haven’t already. There are a lot of stereotypes perpetuated against them but they’re really not bad at all. So far I personally haven’t had any issues with hostels, or at least no issues that are specific to being at a hostel (you’re gonna run into issues anywhere you stay if you’re away for long enough).

3. Do a Work Exchange Program

One of the most effective ways to stretch your travel budget is by participating in work exchange programs. These programs allow you to trade your skills or time for free accommodation, meals, and sometimes even additional perks like tours or language classes. Platforms like Workaway, Worldpackers, and HelpX connect travelers with hosts around the world looking for help in various areas, such as hostel work, farm labor, or even teaching English.

I’ve done two work exchanges myself—one at a fishing resort in Wisconsin and another at a hotel/hostel in Washington, D.C. These experiences not only helped me save money but also allowed me to immerse myself in local cultures and build lasting connections with people from all walks of life. The work might vary, from cleaning cabins to helping out at a reception desk, but the benefits far outweigh the effort. Plus, the time commitment is usually flexible, allowing you to explore your destination while keeping your expenses low.

4. Travel During Shoulder Seasons

Timing is everything when it comes to budget travel. Shoulder seasons, the period between peak and off-peak travel times, offer a sweet spot where you can enjoy good weather, fewer crowds, and significantly lower prices on flights, accommodation, and activities. For example, traveling to Europe in late spring or early fall can save you hundreds of dollars compared to the summer months, and you’ll still get to experience pleasant weather and vibrant local cultures.

Shoulder seasons also make it easier to find last-minute deals and discounts, as tourism-dependent businesses are often more eager to fill spots during these slower periods. By being strategic with your travel dates, you can make your budget go much further.

5. Plan Out a Few Things in Advance

While spontaneity is part of the fun of traveling, planning certain aspects of your trip in advance can save you a lot of money. Booking flights and accommodation early can often secure you the best rates, especially if you’re traveling during a popular time of year or to a high-demand destination. Additionally, researching and booking activities, transportation, or even meals ahead of time can help you avoid tourist traps and inflated prices.

However, it’s important to strike a balance. Over-planning can lead to missed opportunities and increased stress, so I recommend focusing on securing the essentials—like accommodation and major transportation—and leaving room for flexibility in your daily itinerary.

6. Be Flexible with Your Flights

When it comes to booking flights, flexibility is key. Airlines often offer cheaper fares on less popular travel days, such as midweek or during off-peak hours. Additionally, being open to flying into or out of nearby airports can lead to significant savings. Tools like Google Flights and Skyscanner allow you to compare prices across different dates and airports, making it easier to find the best deals.

If your schedule allows, consider setting up fare alerts and waiting for a good deal before booking. Sometimes being patient and flexible with your travel dates can lead to unexpectedly low prices. And don’t forget to clear your browser cookies or use incognito mode when searching for flights, as prices can sometimes increase based on your search history.

7. Do Free (With Tip!) Walking Tours

Walking tours are an excellent way to get to know a new city without spending a fortune. Many cities around the world offer free walking tours led by knowledgeable local guides who work for tips. These tours typically cover the main attractions, as well as hidden gems and local stories that you might miss on your own. They’re also a great way to meet other travelers and get insider recommendations on what to see and do.

One resource I love using is Rick Steves’ free audio tours, which are available for many major European cities. You can download them onto your phone and explore at your own pace, learning about the history and culture of the area as you go. Just remember to tip your guide if you go on a live tour—while the tour itself may be free, guides rely on tips to make a living.

8. Get a Travel Credit Card

A travel credit card can be a game-changer for budget travelers, offering benefits like points or miles that can be redeemed for flights, hotels, and other travel expenses. Many cards also offer sign-up bonuses, travel insurance, and no foreign transaction fees, which can save you a lot of money in the long run. I recommend looking for a card that aligns with your spending habits and travel goals.

One of my personal favorites is the Chase Sapphire Preferred, which offers great rewards and flexible redemption options. If you’re interested, feel free to use my referral link [here]. Just be sure to use your credit card responsibly and pay off your balance in full each month to avoid interest charges.

9. Get Comfortable with Public Transportation

Public transportation is often the most affordable way to get around, especially in cities with well-developed systems. While it might be tempting to take taxis or ride-shares for convenience, using buses, trams, subways, and trains can save you a significant amount of money. Plus, it’s a great way to experience the local culture and see more of your destination.

Before you arrive, research the public transportation options available in your destination and consider getting a travel pass or card that offers unlimited rides for a set period. This can be especially useful if you plan to do a lot of sightseeing. And don’t be afraid to ask locals for help or directions—they’re often more than willing to assist and might even offer tips on the best routes to take.

10. Cook Your Own Meals

One of the easiest ways to save money while traveling is by cooking your own meals. Eating out for every meal can quickly add up, especially in more expensive destinations. Many hostels, guesthouses, and work exchange accommodations provide access to a kitchen, so take advantage of it. Visit local markets, buy fresh ingredients, and prepare simple, healthy meals.

Not only will cooking save you money, but it can also be a fun and rewarding way to immerse yourself in the local culture. Shopping at markets and experimenting with local ingredients can lead to some memorable culinary experiences. And if you’re staying in a hostel, cooking your own meals is a great way to bond with fellow travelers—group dinners are a common occurrence in many hostels around the world.

By following these tips, you can make your travel dreams a reality without breaking the bank. Remember, shoestring traveling is all about being resourceful, flexible, and open to new experiences. With a little planning and a willingness to step out of your comfort zone, you’ll be amazed at how far your budget can take you. Happy travels!