How to save for a year abroad: 10 top tips

Here at DHL Service Point, we like to give helpful tips and advice to students. And as our parcels travel around the world every day, we thought it would be a great idea to give some useful tips to those of you who are thinking of doing the same!

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We asked top online hostel booking site, Hostelbookers, if they’d like to share some top tips for saving money before and whilst travelling, and luckily for you – they said yes! So here they are: 10 top tips for saving money before and during your travels.

Save Before

Before you hit the road, you need to make sure you’ll be able to support yourself throughout your travels. By doing a bit of research and making a few changes to your lifestyle before you set off on your big adventure, the pennies will soon add up.

1. Budget. Do your research and make sure you can afford to visit the countries you want to. The cost of living varies from place to place. For example, a bed for the night in Thailand will cost much less than it will in Australia, so make sure you know the price of accommodation, food and sights before you set off. Many countries also require you to get a visa before entry – you can send visas and important documents around the world using DHL Service Point.

2. Before leaving, you must check with your bank to find out what charges they have for overseas withdrawals – the fees will soon add up. Traveller’s cheques or specialist travel spending cards give you much better exchange rates and are worth looking into. It’s also advisable to clear any debts you may have. If you have credit cards, complete payments where possible or move debts to one account to make it easier to keep track of your money.

3. Don’t buy everything in the shops. Chances are, unless you’re climbing Machu Picchu, you won’t need hiking boots or sleeping bags. They’re expensive, bulky, and difficult to carry around and you’ll probably end up throwing them away when you realise how much space in your bag they take up! If you really feel like you should have bought something, get your ‘rents to buy it and post it to you via their local Service Point – it’s that easy!

4. Although you’ll spend a lot of time waiting for trains, buses and planes, there’s no need to stock up on piles of books before you go. Most hostels have a book exchange service and many travellers swap books and country guides with each other after they’ve used them.

5. Take care of the pennies and the pounds will take care of themselves. Instead of spending a few pounds on a sandwich from the local supermarket, make your lunch at home. Stop going out for dinner and buy a cheap cookbook down the local charity shop and get experimental in the kitchen – you’ll save loads and have fun. Cancel any luxuries you may have, like Sky television – you won’t have a chance to keep up with any programmes whilst you’re away, so we’re sorry to say that now is the time to finally give up watching Hollyoaks!

Save During

It’s imperative that you have enough money to keep you going throughout your travels. Think how upset you’d be if you ran out of money half way through your trip and had to come home. But don’t worry; there are easy ways to save money whilst on the road.

6. Now of course, we’re a little biased, but hostels are a cheap way to bed-hop around the world and a great way of meeting friends!  Whether you’re travelling alone, as a couple or a group of friends, staying in dormitory rooms is the cheapest way of grabbing a bed for the night. If you wish to have a bit more privacy, most hostels offer private rooms at a reasonable price. In some hostels, you can also work for your accommodation. It’s not glamorous, but it’s a free bed at the end of the day! Check out our range of hostels here.

7. Travel like a local. After all, you’ve gone abroad to experience life in other countries, so why fly or take tourist buses or trains, which are often overpriced? Transport is very good in many countries. For example in South America, the bus services are fantastic, even in second class. You will get reclining seats, films to watch and sometimes even a hot meal, for a fraction of the price of a first class ticket.

8. Eat like a local. Many people shy away from trying the local cuisine or street food, and opt for the tourist restaurants. Big mistake. Street food is often freshly caught or prepared that day, and as you can see them making it in front of you, you know what’s going into it, unlike in a restaurant. Of course, common sense comes in to play here and you should always choose the busiest stalls – if the locals are eating there, it’s sure to be good. Another alternative to eating in restaurants is using the kitchen facilities that many hostels have nowadays.

9. Haggle. It may seem like a strange concept after coming from a country where everything is a fixed-price, but it is often expected in many markets and cultures around the world. Lose your inhibitions and give it a go – you never know what bargains you might pick up.

10. Finally, if you are a student, make sure you get an International Student Card, which is valid in 120 countries and can save you money at many attractions, stores and restaurants around the world.

Now you’ve got your money in check, there’s only one thing left to do – go out there and have some fun!

Remember to visit www.hostelbookers.com, a cheap and easy way to book accommodation around the world.

DHL Service Point is available in many locations around the UK. It’s ideal for sending important documents, including visas and passports, at a reasonable price.

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