The Ultimate Guide On How To Get Cheap Travel Money

Written by Pareeshti Rao

"You can make anything by writing" - a great man once proclaimed. On both a professional and personal level, I'd regard it as fuel for my soul.

April 14, 2021

Whether it is a small-term vacation or a long-term one, a part of our budget is always eaten up by travel. Summer breaks, winter breaks, and gap years give students plenty of time to travel to a number of destinations. The purpose of your travel could be for checking out universities, or simply for a vacation. Either way, you will be spending some amount of your money. You then start looking for cheap ways to get travel money. In this article on ‘How to get cheap travel money’, we have some smart tricks in store that’ll help you in your search.
Before we proceed, I’d like you to understand what an exchange rate is. It will help you in answering two big questions

  • How much will it cost to get your travel money?
  • How much will it be to return your unused cash?

What Are Exchange Rates?

Let’s simply put it this way: Exchange rate is the price of one currency in terms of another currency. These rates change massively from day to day, sometimes hour to hour. These exchange rates vary as per the demand and supply in the market. Due to this nature of exchange rates, there’s always an uncertainty as to how much the rates will be at the time of travel. That’s where planning plays an important role in helping you understand how to get cheap travel money. 

While choosing an affordable destination is one way of saving money, how you choose and get your travel money plays an important role as well. So in order to help you save up some money for your vacation, here below, you will find a complete guide  to get travel money.

# 1 Get A Rail Pass

Regular college going students who travel to a foreign country use public transport like trains and buses to go around and explore the city. When it comes to train travel, rail passes are one of the best ways to get cheap travel money. Individual trips cost much more than travelling via a pass. If you’re going for a short trip, then you may find a rail pass unnecessary. In that case, book your individual trip a little ahead of time. That’ll help you save up about 50% of the cost of the train ticket. However, keep in mind that you’ll be fixed to a set timeline within which you’ll have to complete your train travel. Rail passes are comparatively cheaper and more flexible. 

# Get A Travel Credit Card

Travel credit cards save you from the burden of paying additional overseas charges unlike the standard ones which are more expensive to use. Why I call the standard credit cards pricier in an abroad country is, because there’s an additional charge added every time you use your card abroad. Applying for a travel credit card should be your priority task after you’ve understood how to get cheap travel money. According to a survey conducted by the US News, the graph below explains the dollar equivalent of the travel rewards earned by those who have travelled in the past 12 months.

Source: US News

You can earn rewards up to USD 1,750 or more with the help of these credit cards. 61.4% of the respondents did not have a travel credit card either because they weren’t aware of its benefits, or could simply afford leisure travel. Now that you know the rewards, how to get cheap travel money will be a lot easier for you.

# Use Student Cards

If you’re a student wondering how to get cheap travel money, have you given a thought to make use of your identity as a student? You get a lot of discounts with the help of student cards. Almost 50% of your budget is saved up with the help of student cards. Hack: Even if you’re a recent graduate, you can show your ID card as proof of a student to avail the discounts. However, make sure that your ID card does not have the expiry year mentioned in it. Always ask if there are discounts available for students or youth as this is an easy way to save tons of cash as you travel around! Museums, galleries, and other major tourist attractions usually have large discounts for students.

# Sharing Is Caring

The concept of using the shared economy began in recent years. It helps you answer your question on how to get cheap travel money in many ways. Some easy apps that will help you to make use of the shared economy are listed below: 

  • Apps where you can find shared budget friendly accommodations like Airbnb
  • Ride sharing apps like BlaBlaCar
  • Platforms like EatWith where you can connect with private local chefs 

Talking to the locals is always useful when you want to find popular means of the shared economy used there. Moreover, locals know the city in and around very well. They know which supermarket is cheapest, which stores offer the best sales, and where to find the best restaurants and bars with the tastiest food at the lowest prices. 

We hope you enjoyed reading this blog on How To Get Cheap Travel Money. If you need more assistance, here are some blogs that we think you will enjoy reading 

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