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This is easy for me, because I’m not a fan of that kind of scene. Keeping your nightly activities to a minimum – Buying drinks at bars and clubs is the easiest way to make money disappear from your wallet. However, In most first world countries, you could get away with drinking from the tap. However, if you’re traveling in a country that doesn’t have a clean/sketchy water supply (most third world countries and some in Asia), just buy bottled water. Travel with a reusable water bottle – Also pretty self-explanatory.
#HONG KONG DAILY EXPENSES HOW TO#
Check out my Packing article to learn how to downsize the amount you travel with. Traveling like a “backpacker” simply allows you to be more mobile and avoid those pesky luggage fees. Travel with only a carry-on – This is pretty self-explanatory, but I never travel with suitcases anymore because they’re too inconvenient. However, if you’re not planning on using buses/subways a lot, you might do fine just with topping up a transportation card as needed. Purchasing a pass allows you to “set and forget”, where you don’t need to worry about topping up. Again, just depends on what you have planned. A lot of cities also offer deals where they bundle transportation and certain attractions for a set price, which might be a good deal as well. Many cities offer “X-day passes” for their transit systems and you should do the math to see if this is more cost-effective than refilling a transportation card as needed. I would say that there is only around a 5% chance where you HAVE to use private transportation (Ubers, taxis, etc.) to get somewhere. Using public transportation – Repeat after me: I will avoid taxis, Ubers, and any other sketchy private transportation services at any cost.Īny country outside the USA will most likely have very extensive public transportation, and you should take advantage of this because it’s cheap. Also, I don’t like using credit cards when I travel because nowadays there’s so many ways hackers could steal your information (card skimmers, sketchy people, RFID scanners, etc.) that it’s simply safer to just use cash. However, this is a good strategy if you are particularly impulsive. Yes, you may be forfeiting any potential rewards from using your credit card.
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However, I always carry a credit card in case for emergencies. This has definitely helped me save money by forcing me to check how much money I have before spending it. If you have some leftover cash from the previous day, just carry that over to the next day. The key is to ONLY carry the daily budget you gave yourself (in cash) every day. Remember in Part 1 when we were talking about setting aside a “daily expense fund” before you travel? You want to put your fund into this account, and then withdraw money at an ATM once you get to your destination. I have a Charles Schwab Investor Checking Account and its associated debit card, which carries no foreign transaction fees and no ATM fees (refunded at the end of the month).
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By only using cash, you can set a daily budget and only carry that amount so you’re more careful about what you spend money on. But, it’s literally SO easy to just swipe/tap/insert your card and not really know how much you’re exactly spending until you see your credit card bill. In this part, I’ll try to talk about some things you could do to save money as you explore! You may read some of these and say to yourself “no way I can do that”, but hopefully you could incorporate everything else so at least you save something.Įxclusively using cash – It’s definitely easier to just use a no foreign transaction fee credit card and not worry about currency conversions.