Research where you’re going. This is going to give you a ballpark figure about how much you are going to spend. Certain locations are going to be more expensive than others.
When you determine the overall cost of your trip, you will have a ballpark figure of how much you need to budget each day.
Calculate the cost of airline tickets– Sometimes your plane ticket will be the most expensive part of your trip. To see how much airline tickets cost, use airline search engines to gauge the price. For more information, I wrote 10 Ways To Get A Cheap Flight.
Pick the best lodging – Today, there are a ton of options. These options include:
With any accommodation, be sure to read the reviews. The reviews will give you an indication if you should stay there or not. Also, be careful about the location, especially if you’re traveling solo.
Food can either be affordable or it can eat your budget. To save money on food, if you stay in a place with a kitchen, you can cook your own meals. If this is not possible, try to book accommodations with breakfast provided—that way you can save one meal out of your day. Also, if there is a local market nearby, you can get small things to eat or put in the refrigerator/microwave to save money.
Another tip is eating a big lunch and having a small dinner. I say this because restaurants usually offer specials for lunch. Lunch prices are sometimes cheaper than dinner prices.
Activities– In your travel budget you may decide to add a section for activities. Activities can include museums, cultural sites, or attractions. Sometimes tickets can be expensive, so be sure to plan ahead. In some cities, they offer daily or weekly passes that offer discounts. There are city passes where you can visit a number of attractions at a discounted price.
If you are a student you may be able to get a discount. Keep your student ID available.
Remember, for some activities like excursions, it is actually cheaper to buy the tickets when you get there versus online.
You can choose to use an app or write it down your expenses in an excel spreadsheet