7 Tricks for Traveling to New Places Affordably

Traveling to new places is one of the most rewarding experiences one can have, but it can also be pricey. From airfare to accommodation, food, and transportation, the cost of travel can add up quickly.

However, traveling on a budget doesn’t mean you have to sacrifice quality or experience. By following the tricks compiled below, you can travel to new places without breaking the bank.

Travel During the Off-Season

Traveling during peak season can lead to exorbitant prices on flights and accommodation. However, traveling during the off-season can lead to significantly lower prices—and offer a more authentic travel experience. 

During the off-season, you can experience the local culture more authentically as you avoid the crowds of tourists.

Use Public Transportation

While a taxi or car rental might seem convenient, it can also be expensive. Instead, consider traveling via public transportation, like buses, trains, or even bikes, to save money on transportation costs. 

Additionally, cycling or walking around a new place is a great way to explore the local area.

Book Accommodation That Includes Amenities

Accommodation with basic amenities like free Wi-Fi, breakfast, or laundry could mean significant savings, as you won't have to spend extra money to access these services. 

Airbnb or hostel bookings can help you save money on accommodation expenses while offering you unique experiences, such as staying in a local villa or hostel dormitory.

Cook Your Own Meals

While trying out local cuisine is a must, eating out for every meal can be expensive. Consider cooking your meals in your accommodation or opting for casual street fare like food trucks, which can offer budget-friendly and tasty options. 

Not only will you save money, but you’ll also have the opportunity to experience local markets and grocery stores, giving you a unique taste of local culture.

Be Flexible With Your Travel Dates

Sometimes being flexible with your travel dates can lead to significant savings. Many airlines and travel booking sites offer cheaper flight options on weekdays rather than weekends. 

Additionally, avoiding holidays and special events can help you save money on airfare.

Take Advantage of Reward Programs

Frequent flyer programs, hotel reward programs, and travel credit cards offer loyal customers reward points they can use to save money on future purchases. 

Make use of these programs that can help you save money on airfare, accommodation, meals, and activities.

Save Up for Fun Things You Want To Do

Before your trip, create a bucket list of the fun things you want to do or see in the place you’re visiting. Set a budget and start saving a portion of your money to help cover the cost. 

This way, you won't have to skip out on activities or experiences you really want to do while traveling—like boat charter rental in St Thomas USVI.

Traveling doesn’t have to be expensive to be enjoyable. By following these seven simple tricks, you can save money on various expenses, allowing you to focus on the things that matter most—exploring new places and having memorable experiences. 

So, pack your bags, do your research, and start planning that budget-friendly adventure today!

Fund Your Luxury Vacation with the Fullerton India Travel Loans

Long luxury vacations have a soothing effect on one's mind. Indian travelers rarely think about budget options anymore, as the pandemic has taught them one thing very clearly - life is transient. 

They do not mind booking the best hotels or dining at the choicest restaurants. However, luxury vacations have become a costly affair, and the last thing you should do is break your savings or term deposits to sponsor an expedition. 

Getting an instant personal loan for travel might be the best option in such cases. But, is a personal loan better than other types of travel loans, such as credit cards? Read on to discover the facts before deciding which one to avail.

Which Travel Loans are Better - Personal Loans or Credit Cards?

You may choose two options for traveling the world: either you can take a personal loan or either you can travel with the expenses of your credit card. 

Hence, consider applying for a credit card or using the one you already possess to sponsor a luxury vacation. However, getting an instant personal loan online might be a better decision because of the following reasons:

1. Save Yourself From Overspending - Unlike a credit card, getting an instant personal loan enables you to limit your spendings and keep your debt under control. You can spend as much as you want on a credit card, and there is the risk of overspending, as the credit limit is often higher than the cardholder's monthly income. In contrast, lenders approve personal loans for travel based on the borrower's repayment capability. Hence, the repayment amount never exceeds your repayment capability, and you can keep your spendings under control with a personal loan. Various lenders offer personal loans of up to INR 25 lacs for travel purposes.
2. Discounted Interest Rate - Credit cards are never the best travel loans since they come with a high interest rate. For instance, credit cards may charge up to 3% interest per month after the due date. Hence, a personal loan offers you higher savings, making the repayments as seamless as your luxury vacation.
3. Extended Repayment Term - Getting an instant personal loan for travel is always a better option when you want to get an extended term for repayment. For example, a credit card usually comes with a due date that is only 30 to 45 days away from the credit date. The extended repayment term helps you spread out the repayment amount evenly for an extended period, thereby taking away the pain of repaying the whole amount in one go.
4. No Shortage of Funds - There may be a disparity between your credit limit and travel costs. Generally, a luxury vacation may cost you anywhere between INR 50,000 to 1,00,000, depending on the place and duration of the stay. However, credit cards usually come with a credit limit of up to INR 50,000. Therefore, personal loans for travel ensure that money never causes a roadblock in your travel dreams.

Other Features of Travel Loan:

Besides the features mentioned above, other features for personal loans for travel also offer the following features:

• End-Use Flexibility - Getting an instant personal loan is beneficial for two reasons - it gives you enough money to sponsor a luxury vacation, and you can spend the remaining amount on other essential activities, such as home renovation, motor vehicle purchase, hospital bills, etc. There is no restriction on the end-use of personal loans for travel.
• Online Access - Lenders offers a customized portal and app for accessing and managing personal loans for travel on the go. You can apply for a loan, pay EMI, modify the amount, contact customer service, and do many more things from within the platform or app.
• Instant Approval - Securing a personal loan approval is as simple as A-B-C. You can open a website or app, check your eligibility using the personal loan eligibility calculator, fill the application form online, upload documents, and submit. The lender usually verifies the application quickly and transfers the loan amount within 72 hours.
• Simple Eligibility - Personal loans for travel to any salaried or self-employed Indian citizen between 21 and 60 years ago. The minimum income criterion is INR 25,000 a month for residents of Delhi and Mumbai and INR 20,000 for residents of other places.

Conclusion

Luxury vacations are grand events that test your financial capacity. Sacrificing your dreams for the lack of money is perhaps the last thing you can afford. Getting instant personal loans for travel is considered the safest option to sponsor your travel vacation without burning a hole in your wallet.