How to Save Money While Traveling

For most of us, one of the most important considerations when planning a vacation is the cost. If going to Europe or taking a cruise, it is critical to book your trip during the off-season--generally fall through early spring--to save on airfare, cruise and hotel costs. But once you reach your destination, no matter the season, there are ways to minimize spending without sacrificing any of the fun.

Cut Mealtime Costs

1Eat breakfast at your hotel if it is offered. There is no reason to go out and pay for a meal if you've already paid for it at the hotel.

2Buy snacks such as fruit, sandwiches or granola bars at a local grocery or bring some with you from home. Have these on hand to munch on any time you get hungry rather than stopping at a restaurant.

3Limit the number of meals you eat in a restaurant to one a day, especially if you favor the pricier end of fine dining.

4Patronize a street vendor. This will be cost effective while allowing you to sample some of the local culinary color.

5Eat fast food. It may lack glamour, but it will certainly save you money.

6Order tap water with your meal rather than bottled water, soft drinks or alcoholic beverages. These can be purchased far more cheaply at a convenience store or local grocery.

Cut Lodging Costs

1Choose modest lodging, such as a two-star, rather than a four-star, hotel. Since the focal point of your trip is probably not your hotel room, there is no reason to spend big bucks on lodging.

2Find a hostel to stay at if you are traveling in Europe. You may have to share a community bathroom, but it could be a significant money saver.

3Book lodging ahead when possible rather than waiting until arrival at your destination, since many hotels charge more for walk-in reservations.

4Find out whether the place where you're staying offers discounts for seniors or military, if you qualify as such.

Cut Shopping and Sightseeing Costs

1Shop around for the best prices on souvenir items, rather than buying the first thing you find.

2Avoid tourist trap souvenir shops; get off the beaten path to find local goods at costs that have not been inflated for tourists. Look for open markets when available, and don't be afraid to haggle with the merchants.

3Use your credit card to pay for merchandise while in a foreign country, and use a debit card, rather than U.S. dollars or traveler's checks, to get local currency. You will get the best exchange rate this way.

4Take advantage of student discounts offered by many museums and other tourist sites if you are still in school and have a student ID.