We’ve all heard the cliché that Millennials care less about things and more about experiences. It’s true, according to AARP’s 2019 Travel Trends report, the average Millennial (age 21–37) is expected to take 5 trips this year, 3 of which will be out of the country.
And even though the average Millennial is over $8000 in debt, and more than 45% carry student loans, Millennials are prioritizing travel more than ever. According to AARP, the average millennial is expected to spend $4,400 on travel this year. This is a lot of money, especially considering that 51% of Millennials and Gen Z say they went further into debt to fund their travels last year.
The trend toward prioritizing travel and experiences is here to stay. As a Millennial, I think it’s great that my generation prefers to spend on experiences rather than things. Most of us don’t need another streaming service or lots of new clothes, but we do want to travel more. With that being said, it’s really important to spend within your means. So here’s a list of tips and tricks for traveling on a budget.
Take shorter trips
You don’t need to take a 2-week vacation to have an awesome trip. Short trips are fun, and you can pack a LOT into a long weekend. By taking more shorter trips, you save money on lodging and food. Plus, you can check-off a more places on your bucket list that way.
Stay within your means
Accommodations costs are one of the biggest (and sneakiest) travel expenses, and can really add up if you’re not careful. Remember, you don’t need to stay in the Ritz to have a great trip. You should think of your lodging as just a place to get some sleep for a few hours. Plus who wants to spend all their time in a hotel room anyways?
Another thing you can do is stay in a hostel. Hostels are a great way to meet people and stay on the cheap. However, I’d recommend doing your research first because some can be pretty rough.
Even better than hostels, you can check out Roost. Roost gives travelers the comforts of a hotel for the price of a hostel. Roost helps travelers safely find roommates to share hotel rooms and split the cost. This is a great way to save 50% on your hotel costs and meet like-minded travelers while away from home.
Keep flight costs grounded
While road trips are fun, many destinations will require you to fly. Check out the Hopper app. Hopper analyzes billions of prices daily to predict how prices will change and tells you whether to buy or wait. They claim they can save you up to 40% on your next flight.
You can also check out Skiplagged. Skiplagged shows you “hidden city” flights that airlines don’t advertise. According to their website, “A hidden-city flight is a flight where you get off at the layover rather than the final destination. For example, a flight from New York to Orlando might be $250, but a similar flight from New York to Dallas with a layover in Orlando might be $130. If you’re going to Orlando, we’ll show you both flights. If you choose the cheaper one, you get off the plane at the layover (Orlando) rather than going to the final ticketed destination (Dallas).”
Travel off peak season
Say you’ve always wanted to go to Paris, but when you go to book your trip it’s always too expensive. Look into going in the Fall or Winter. Sure it won’t be as warm, but the Eifel Tower will still be there, and the baguettes will still taste amazing! Plus, you won’t have to wade through the herds of tourists. Off season traveling makes for a more enjoyable trip for you and your wallet.
This strategy also works for other parts of the world like the Caribbean, Hawaii, and many others. Do your research and if you can, try to go off peak season.
Thanks for reading and head on over to Roost to save 50% on your hotel and make a travel buddy. Use the discount code ‘WELCOME50’ for an extra $50 off your first booking.