Millennials represent the largest generation to date. They grew up in the Internet age, using various tools for communication including social media, and use their smartphones to research, shop, and book their trips. They’re reshaping how travel works by focusing on culture and experiences, solo travel, and planning their own itineraries.
However, traveling these days is expensive, and although it can create life-changing experiences, it’s not worth the debt. Look below to learn a few ways you can travel cheaply and still have the time of your life.
Millennials usually take a budgeted approach to travel, and many look to Instagram and other social media platforms for travel inspiration. Amsterdam, Barcelona, Bali, and California are among the top places millennials love to visit. Seeing how Millennials are connected through the digital world, many of them find Silicon Valley among the most desirable destinations not just for traveling but relocating as well. Located in San Jose, California, it is the center of innovation but it has a high cost of living.
Finding cheap apartments in San Jose should be a priority if you decide to visit this wonderful place. This can help you save money and still enjoy your trip. Checking rates for houses or apartments instead of cramped hotel rooms can be quite beneficial wherever your travel destination is. Just make sure you review all of your options before booking your accommodation. Avoid resorts and name-brand hotels, as they often come with heavy fees and other expenses.
Booking a flight can be quite expensive depending on the destination, duration of the trip, etc. You might want to book your flight in advance, or during the off-season. This is very important if you’re going to a popular tourist destination. For example, if you decide to travel to Greece this summer, especially in July and August, you can expect to pay top dollar for accommodations and flights.
Note that timing is also important. Keep in mind that getting an overnight flight deal can make you exhausted and reduce the quality of your experience, no matter how much money you’ll save. If you plan your trip as far in advance as possible, you’ll have more time to shop around for good deals on a plane ticket and even make adjustments. Waiting until the last minute to book your flight can cost you a fortune.
You can use your credit card points to book a flight or accommodation. There are various travel-focused credit cards these days that offer signup bonuses when spending a certain amount within the first few months of opening an account. Sometimes you can even rank up enough points to pay for a free round-trip plane ticket to any destination.
Many world travellers abide by this system and travel only when they have enough credit card rewards. These cards also waive the foreign transaction fee, so you won’t have to worry when paying while you’re abroad. However, if you want to take this approach, you must have serious financial discipline, and always pay your credit card balances in full at the end of each month. Make sure you avoid overspending just so you can get your rewards.
You need to plan your itinerary carefully if you want a budget-friendly trip. When traveling, it’s all about eating new food and visiting popular attractions. However, sitting in nice restaurants can cost you a lot of money, so consider eating at cheap cafes and buying street food. Going where locals are will allow you to not only enjoy amazing food at reasonable prices but also meet new people.
This way, you may even find low-key tourist attractions that you wouldn’t have known otherwise. Prioritise low-cost activities and look for free public parks, free gardens, beaches, and such. Note that traveling locally is one of the easiest ways to travel cheaply. Just make sure you research and make a list of things you really want to do and places to see. Having a plan that aligns with your budget can help you enjoy your trip and prevent you from spending too much.
Millennials are known as the generation that’s most burdened by student debt and high rents, although they’re the ones most likely to splurge on a trip. Cultural experiences like music festivals, food, nightlife, and art are some of the main reasons why millennials love to travel and explore new places. Even if they’re busy and have a limited budget, they will work their way around it so they’ll check another experience off their bucket list.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.