17/11/2021
We tend to enjoy saving money while we travel because it allows us to travel for longer. In fact, some of the best trips I’ve ever been on have been the ones where my buying power is higher, my dollar gets me farther and I have fewer cares in the world because a tight wallet is not one of them.
Travel doesn’t have to be expensive, and you probably know that by now. We talk about an entire range of destinations here on our website, everywhere from the Netherlands (hate to say it, but it falls into the ‘expensive’ bucket) to Myanmar (incredible value for a smaller budget).
In my own travels, I capitalized on lower-cost-of-travel destinations in my 20s. I learned to start my research process with checking out the average price of a hostel in a destination, and ran some quick math from there.
I backpacked in Southern China, Thailand, Laos, Malaysia, the Philippines and Cambodia, and when I got to the Americas, I traveled through Guatemala, Nicaragua, Panama, Colombia, Peru, Ecuador and Bolivia.
I learned that a 12-hour bus ride is going to kill an entire day of travel, but it will definitely save money when compared to buying a 1-hour flight.
And I learned that a $2 bowl of noodles on the street in Vietnam is just as good and filling as a $25 lunch at a proper sit-down place with WiFi and A/C. I’d rather sweat on a tiny plastic stool among locals. Would you?
I learned a lot about how a budget is a big part of a trip.
It either makes you feel like you got defeated and broke the bank, or came out on top with cash to still blow on a unique souvenir at the airport on the way home.
As we’ve seen more and more of the world, we focus a lot on budget, and why not? The world is going to be incredible no matter where you go, so if you have a choice between $1000 letting you see Norway for 3 days (sorry, Norway) or El Salvador for 2 weeks, which would you pick?
The question remains, though: How can you avoid peak season costs, get a bang for your buck and also have a great time?
Read on, and you’ll see our top ideas for where’s best to take a trip while hacking your budget.
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Typical historic Canarian village buildings in La Orotava Tenerife Tiny red, orange and yellow flowers with green leaves outside a house Colorful red, blue, white and orange buildings on a quiet one-lane street in La Laguna San Cristobal Canary Islands
Myanmar: A cheap budget takes you far
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As of 2021, Myanmar is experiencing civil unrest and trips should be taken with caution.
We wished we could have traveled for longer all over Myanmar.
It’s a win in terms of safety, and also in terms of traveling on the cheap.
This is a country where a budget of USD 35 per day (*on average) got us private spacious rooms with big beds in hostels like Baobabed Inle Lake, cocktails on rooftop bars in Yangon and private tuk-tuk tours in the temples of Bagan.
Scenery in Myanmar is truly stunning, and we didn’t see the half of it because the country is so big.
We stuck to the triangle of major traveler destinations and found lots of safety, comfort and friendliness from locals.
Our ideas of what was cheap and what was expensive got totally warped in Myanmar, with what food cost and what the entry fees into the most popular landmarks cost us.
When I think of cheap travel that gives you a bang for your buck AND packs in an amazing travel experience, I think of Myanmar.
This beautiful country is one of the places where you can spend the longest amount of time and be traveling in one of the cheapest places on Earth.
HELPFUL TIP
Learn about our logic for exchanging or withdrawing at local ATMs with our travel money tips and tricks guide.
Tall golden and white stone pagodas at the buddhist temple of Indein Myanmar at inle lake
Medellin and Guatape, Colombia: Best for backpacking
There are so many things to do in Medellin and its neighboring town Guatape that make them excellent destinations for any time of year.
Medellin is known as having ‘eternal spring,’ meaning it’s slightly cooler in Northern Hemisphere winter time, and a bit warmer in summer.
As for rainfall, it’s slightly “lower” in fall (September - December), but, as it rains mostly every day anyway, every month of the year is a fair time to visit Medellin and the surrounding region.
Despite what you may have heard, Medellin is an awesome place to be as a traveler, from heaps of types of accommodation for every budget, to delicious food options ranging from Colombian to other types of South American for every taste bud.
You can eat great early, late and for inexpensive prices. One of our favorite things to do is to try Colombian coffee at some of our favorite cafes near El Poblado and take the free city walking tour.
As for the rest of the region and to get out of the city, two of our favorite weekend or two-day breaks are Guatape and Santa Fe de Antioquia.
Guatape is easy to get to from Medellin and even if you don’t speak Spanish, people will help you navigate the bus station.
Santa Fe de Antioquia is also a simple bus ride away, and we recommend staying in a hostel with a pool so that you can cool off from the year-round heat and sun!
View of Guatape islands and lakes from the Piedra del Penol in Guatape Colombia
India: Good for everyone!
Yeah… India is really cheap for backpacking and international travel, and the rumors are true.
The cost of accommodation is cheap in India. The cost of food is cheap. The cost of traveling from place to place is cheap.
The only thing you have to watch out for in India is being gawked at as a foreigner or from looking different from the locals (and it’s likely you will), but the food is incredible, the markets are a shopper’s dream and basically everything is incredibly cheap.
On my first day in India, I picked up a pair of backpacker balloon pants for $4, and it felt expensive.
The currency in India is the Indian Rupee, and you can exchange it widely to and from the USD or other major currencies like EUR and GBP.
Bonus: if you’re gluten-free like I am, you’ll find Indian food rather gluten-free-friendly, so put it on the list.
Argentina: Search for your Latin soul
It happens to be an interesting time to visit Argentina, as the currency recently became favorable to holders of the US Dollar. In fact, (as of 2021), very favorable.
Argentina’s peso has fallen very sadly and incredibly against the USD, giving Americans lots of unexpected buying power in this otherwise slightly-pricey country for travelers.
Among some chilled-out things we have done in Argentina are exploring the cafe scene in Buenos Aires and walking for miles soaking in lots of the free sights of the downtown areas and cool neighborhoods.