29 Ways We Budget for Travel

Perhaps the biggest question we ask ourselves when planning a trip is: how much am I willing to spend?

Even those of us who work in travel grapple with how we’ll afford our next big adventure. Luckily, those on our staff have plenty of experience figuring it out. These are our top tips for budgeting for your next trip.

For more travel tips, download the Lonely Planet app.

Pretrip Budgeting

1. Go on a Money Diet

I do one whopper of a trip every year, and to afford it, I basically go on a money diet the first three months of the year, spending as little as possible to save up, so by the time I'm leaving, the whole thing is all but paid for.

– Brekke Fletcher, Senior Director of Content

2. Open a Separate Account for Vacations

Put away a little money here and there when you can. Look for a high-interest savings account so you can gain interest on it as well. An added benefit: you can order a separate debit card for this account and use it when you travel - then if it gets lost or stolen, it isn't connected to your main account.

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– Melissa Yeager, Destination Editor for the Western USA and Canada

3. If You Don’t Have a Credit Card

In Ireland (where I live), it's quite uncommon for people in their 20s to 40s to own a credit card, so budgeting is essential if you want to travel each year. For that reason, it's always been the norm to set up a separate savings account. Many people I know use Revolut these days and usually put away somewhere between €50 and €200 a month.

– Ru Ogata, Senior Designer

4. Expect to Go 20–30% Over Budget

Granted, that's a sizeable number, but any combination of emergencies or can't-live-without souvenirs will throw the original number off. If you don't dip into that money, great – pack it onto the next trip, or add a weekend getaway to your year.

– Akanksha Singh, Destination Editor for Central and South Asia, Southern and East Africa

5. List the Expenses Largely out of Your Control

You can definitely find deals on flights if you book early enough, have a healthy bank of points or fly at off-peak times. But flights from New York City to visit my family in Birmingham will almost always be upward of US$500, so that's a fixed cost I'll always lock into my overall budget. That tour or show that's a nonnegotiable for me? Fixed cost. Accommodations, on the other hand, have way more options for all sorts of budgets, and the same goes for restaurants.

– Ann Douglas Lott, Digital Editor

Budgeting Tools

6. Use Airtable to Plan Everything

I am always determined to have my travels paid for before I take them, so I usually start planning future trips (mostly trips that require further travel or a longer duration) well ahead. I created a travel budget using Airtable that breaks down all of the items I need to budget for, from flights and rideshares to and from hotels to food, snacks, museums and side tours. I usually plan out my dream trip and how much I have to feed from my normal budget, and that tells me when I can take that trip. If I want to take it sooner, items have to be cut down (a 5-day stay instead of 8, for example). But I live and breathe by my Airtable budget expense calculator, and I perpetually have a set amount from every paycheck going into a travel fund. (High-yield savings for the win!)

– Nicole Valdez, Senior Publicity Manager

7. Download This Budget-Tracking App

My wife and I use an app called YNAB (You Need a Budget) to plan all our expenses, including travel. We keep a running vacation fund, and for bigger trips, we set additional savings goals based on past trips plus major costs like flights and accommodations. It takes the guesswork out of “can we afford this?” and makes it easier to book confidently when we find a good deal.

– Alexander Howard, Senior Editorial Director

8. For Our Spreadsheet Planners

This will surprise no one who actually knows me: I am a spreadsheet person. Annual breaks get worked into my budget (and all real spreadsheet people know there is no better time to budget than January!), and I account for stuff like lodging, visas, flights, big-ticket expenses (shows I want to see, workshops I want to take) and souvenirs. I know some people will find this tedious, but I see budgeting as a means of envisioning a trip (and who doesn't like spending hours scouring the internet for "best pottery courses in Uzbekistan").

– Akanksha Singh

9. Take Advantage of City Passes

I'll check out city passes for new cities and work out whether they're worth it. If you plan on doing a lot and using public transportation, you can really save. The same goes for hop-on, hop-off buses, which can be an economical way to get an overview of the destination on the first day to better decide which areas to revisit.

– James Pham, Destination Editor for Southeast Asia

10. Check Booking Sites and Apps for Discounts

If I'm super organized, I'll check social-buying sites, download local restaurant reservation apps (which often feature discounts for early-bird seating) and free museum days (lots of cities have a list of free museums on certain days or evenings). I once visited the Museum of Turkish and Islamic Arts in Istanbul for free, had an amazing dinner in Prague for half the price and even did a bookmaking workshop in Bangkok at a discount.

– James Pham

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Booking Flights and Hotels

11. Book Flights with Points, and Wait for Bonus Transfers or Airline Deals

Every time I fly to Europe from New York City, I check Air France for deals when I book with miles.

– Serina Patel, Director of Audience

12. Don’t Hoard Points

They lose value every single day. I use my American Express Platinum Card and Delta Reserve Card to bank points that I can use on hotels and flights, and I use them as soon as I can. There are also perks with Uber and Resy that give me rebates. Use them or lose them!

– Brekke Fletcher

13. Just Book It

Time and anxiety cost more than money. Most of the time, price drops are marginal, so pull the trigger and book your flights and hotels early.

– Craig Zapatka, Vice President of Lonely Planet Journeys

14. Look for the Magic Three-Star Hotels

Many family-owned properties fall in the three-star range because they don't have the amenities required for four or five stars (for instance, a 24-hour front desk or a pool), but they're still great experiences at a lower price point.

– Melissa Yeager

15. Book Refundable Flights

I book refundable flights, set up a Google flight alert and rebook if the fare goes down. It's a bit of a gamble because if the price doesn't come down, I've paid a premium for something I didn't need. But over the course of the year, I definitely save more than I spend. I've already saved money on flights by rebooking this year.

– Brekke Fletcher

16. Look for Free Accommodations

In most cases, lodging eats up most of people's budget when traveling, so if funds are limited, look at free options like home exchanging or minding people's pets.

– Ru Ogata

17. Combine Budget and Luxury Stays

I'll do some generic or budget stays for a few days so that I can later stay at a spendy hotel that I really want to enjoy. I especially do this when traveling alone, when I might even stay in a (nice) hostel for a few nights so that I can also do a resort for a few nights. Also do this for eating out: inexpensive lunch so you can spend on dinner, or a pricey lunch but a casual dinner.

– Caroline Trefler, Destination Editor for the Eastern USA and Canada

18. Beware of Budget Airline Add-Ons

Living in Ireland, it's easy to take inexpensive flights for granted. With a bit of planning, I can often fly to somewhere like Spain for under €50. But the headline price is rarely what you actually end up paying. Budget airlines now make much of their money through add-ons, charging for things that used to be included in the ticket price. Seats, cabin baggage and the expectation of bringing a change of clothes and some toiletries now come at an extra cost. Cabin baggage can, if you are not careful, cost more than the flight itself. What was once a standard 10kg carry-on is now an optional extra with Ryanair, costing €10–75, depending on if you add it at the time of booking or at the airport. If your bag exceeds the 10kg limit, you're charged €13 for every additional kilo at the airport. It's surprisingly easy to go over. And if your bag doesn't fit in the airline's metal bag sizer at the gate, that could be another €75, or you can't board. To avoid these unknowns and packing stresses, I now budget for a checked 20kg bag (€22–75). In many cases, it works out to be less than paying for cabin baggage and potential overweight fees, and it removes the stress of weighing, repacking and second-guessing what I can bring.

– Fionnuala McCarthy, Editorial Director

Planning Your Itinerary

19. Prioritize What's Important and Skip the Rest

I love a chic hotel, but I'll sacrifice style for a prime location. I don't have to drop $100 on dinner for it to be memorable, either; most of my favorite meals have been spontaneous and casual. So I'll plan trips around staying near the places I most want to see, and maybe save that $100 for a fun excursion.

– Ann Douglas Lott

20. Pick Two Experiences to Spend More On

A unique experience, the coolest hotel, a meal at a top restaurant in the world – decide on whatever you know will make that trip most memorable, then stick to a stricter budget on the rest. Knowing that agreement with yourself from the get-go always helps me.

– Bridget FitzGibbons, Director of Brand Marketing

21. Look for Different Price Points for the Same Activity

When I was planning a trip to Busan, I checked out the options for panoramic views over the city and beaches. You can visit Busan x the Sky, which is about €15–20, or Busan Tower, which is half the price, at €6–10, or you can climb Bongnaesan Mountain or up to the Hwangnyeongsan Beacon, which are both free.

– Ru Ogata

22. You Don’t Always Need to Go Big on Food

I don't often need, nor do I want, really fancy meals out. And my kids tend to get overstimulated in restaurants. I'm happy to save money on food, either preparing certain meals myself or eating at the quaint establishments, and then choosing to spend more on experiences that I really want to do. In Alaska, for example, we took instant noodles and sandwich supplies with us when we went to Borealis Basecamp, so we could fully enjoy our amazing room and the cool experiences at the resort.

– Sarah Stocking, Digital Editor

23. Don’t Get Sucked into the Social Media Spiral

I've always said that the people with the best style love to wear the clothes in their closet. You don't need to buy a new outfit for every trip (in fact, I have a 10-piece capsule travel wardrobe I swear by). The same goes for sightseeing: you don't have to visit every single "must-see" attraction if you don't care about seeing them, so why waste the money and time? It's better to take a trip that gives you what you want from it.

– Ann Douglas Lott

24. Spend Big on Experiences You Can’t Get Anywhere Else

I tend to go budget on accommodations (as long as it's clean, safe and well-located, I'm good) because hotels are rarely a part of my travel memories. But I will splurge on experiences that I cannot get anywhere else. Walking with lions in Zambia? Small plane flight over Everest? That Greek ring that feels like it was just unearthed from an archaeological site? Yassss.

– James Pham

25. Save on the Little Stuff

I have more money than time and patience at this stage in my life, so spending a bit more for decent flights and connections is worth it to me. However, I do try to save on the little things. I always pack a bag of snacks and instant drinks (coffee, tea, Pocari Sweat) to avoid overpriced food and drink at the airport. Bring a good insulated water bottle, as most airports now have hot- and cold-water dispensers. I also pack moist towelettes to use at restaurants, as the ones on the table in Asia are chargeable.

– James Pham

During Your Trip

26. Bring Snacks for the Flight

I try to spend no money at the airport by packing snacks and food in my bag, and bringing an empty, reusable water bottle to avoid paying US$9 for a small bottle. Make sure to pack double (for the return flight), or go to a grocery store at your destination before your flight back.

– Serina Patel

27. Head to a Local Grocery Store

I love perusing a local grocery store on my first day and buying some snacks and coffee for the trip, especially if I have a kitchen or mini fridge. First of all, these stores can be so fascinating, and they're such a great way to get a taste of daily life. My parents still talk about how French people listen to the crunch of the bread to determine how fresh it is, and I could wander around the FamilyMarts in Tokyo forever. But more importantly, having a few snacks on hand lets me save my energy and money for the important meals instead of desperately shelling out for something convenient when I get hangry on a long day. It also saves me some time and brainpower in the morning, when I really just need a little yogurt and caffeine before wandering the streets.

– Acacia Gabriel, Associate Editor

28. In Cities, Public Transportation Is Key

I use public transportation to and from the airport unless it's late at night or early in the morning. It saves so much money, especially in New York City and most European cities. And in NYC, where I live, public transportation is often faster or about the same amount of time.

– Caroline Trefler

29. Withdraw Cash Less Often but in Larger Amounts

Sometimes it feels as though the world is becoming a cashless society, but there are always times you need cash when traveling. ATM fees can add up quickly, especially abroad. It can seem small at first, but over time, it can quietly drain your budget. Withdrawing small amounts frequently means you pay those fees over and over again. Just be sure to split your cash between your wallet and a hidden pouch.

– Aoife Breslin, Assistant Marketing Manager