The Malaysian Ringgit has not been encouraging our travel plans for the past few years, and yet here we are – thinking of where to go next.
Nevertheless, here’s the good news. A weak currency is not a hindrance to your travel plans. With strategic planning and budgeting, you can still embark on that adventure. In this article, we will simply explore the practice strategies you can make without breaking the bank.
Researching Budget Friendly Travel Destinations
Identifying Countries with Favorable Exchange Rates
Start by identifying countries with a weaker currency than yours. For example, if you are from Malaysia, consider destinations within this region – Vietnam, Thailand, etc.
Note however, sometimes a weaker one does not necessarily mean cheap. For example, Indonesia’s currency is considered ‘weaker’ than Ringgit Malaysia. However, Bali can be crazy expensive depending on the location.
Which brings us to our next point.
Exploring Off-the-Beaten-Path Destinations
Who even made the rule that you must travel to popular destinations?
Going to a popular tourist destination often comes with a higher price tag. Instead, consider visiting the off-beaten-destinations. For example, explore countries like Vietnam or Bulgaria, where costs are generally lower.
So the next time someone asks you about where you’ve been in X country, be proud and tell them the off-beaten destination that you chose and why it was amazing. Heck, make a YouTube video on it and milk the SEO juice (low volume keywords are easier to score).
Utilizing Travel Blogs and Forums for Insider Tips
Watch YouTube videos or read articles by travel bloggers who share firsthand experiences and insider tips on how you can travel on a budget. Platforms such as TripAdvisor and some subreddits can provide insights into budget friendly travel options, hidden gems and money-saving strategies which you can benefit from.
Budgeting and Financial Planning
Setting a Realistic Travel Budget
In your travel budget, make sure to cover all aspects of your trip. For example, if you plan to visit Thailand, you can budget that the street food is affordable, but activities like diving and snorkelling might require a significant budget allocation.
Related read: Guide to Travelling on a Budget
Prioritizing Expenses and Allocating Funds Accordingly
When budgeting for your travel, identify your travel priorities to allocate funds more efficiently. For example, if you are keen on cultural experiences, be sure to allocate more for entrance fees for museums and historical sites while saving on other areas like accommodation or food.
Finding Affordable Accommodations
Exploring Budget-Friendly Accommodation Options
Research budget-friendly accommodation options such as hostels and guesthouses. These options offer both affordability and a chance to connect with other travellers.
Alternatively, consider going in a group so that you can share the accomodation expenses.
Considering Alternative Lodging Options
If you are not comfortable staying in hostels, try exploring unconventional lodging options instead such as couchsurfing or house sitting. Websites like Couchsurfing or TrustedHousesitters can connect you with hosts willing to offer accommodation for free or in exchange for minimal tasks, and yes it is almost completely safe.
Transportation Hacks
Opting for Budget Airlines and Public Transportation
Use budget airlines, especially if the country you are going to is not far. Remember to pack light if you are choosing this option so that you don’t have to pay for baggage fees.
When you are in the country, rely on efficient public transportation such as trains and buses.
Embracing Alternative Transportation Methods
Alternatively, you may rent a bike or participate in walking tours. If you are in cities like Kyoto and Amsterdam, cycling is also an option. Not only is it budget-friendly but it is also a popular and an enjoyable way to explore the city.
Dining on a Budget
Exploring Local Markets and Street Food
Street food and local markets usually offer a more affordable option. In fact, these options are generally tastier and allow you to experience local cuisine without burning a hole in your pocket. However, do be extremely wary of the hygiene of these vendors as you do not want to end up getting food poisoning.
Cooking or Preparing Simple Meals
Alternatively, if your accommodation allows, you can consider preparing small meals using local ingredients. In places like Italy and Spain, you can buy fresh produce from the local markets and create an affordable and delicious meal.
If that’s too hard, instant noodles will never fail you.
Researching Affordable Dining Options in Advance
Plan your meals by researching affordable dining options in advance. Use websites like Yelp or TripAdvisor to find budget-friendly restaurants which are loved by locals, ensuring you get an authentic experience without overspending.
Cultural Immersion without Breaking the Bank
Engaging in Free or Low-Cost Cultural Activities
Look out for free or low-cost cultural activities. Larger cities like Paris or Tokyo often have free museum days which allows you to experience cultural richness without spending too much money.
Participating in Community Events and Festivals
Attend community events and festivals. In countries like Brazil or Thailand, local festivals are not only culturally enriching but often free or very affordable to attend.
Currency Exchange Strategies
Timing Currency Exchanges to Maximize Value
This requires a little bit of reading but it’s helpful – stay informed about currency exchange rates through tools like XE.com to monitor trends.
Using Peer-to-Peer Currency Exchange Platforms
Consider using peer-to-peer currency exchange platforms such as Wise for better rates compared to traditional banks.
In conclusion, traveling on a weak currency requires careful planning and resourcefulness. By researching destinations wisely, budgeting effectively, and embracing alternative travel strategies, individuals can create memorable experiences that transcend financial constraints. Embrace the adventure, stay open-minded, and savor the unique opportunities that budget travel can offer.
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