How to travel the world and live in multiple countries while saving money

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Suppose you have an adventurous spirit and a love of new cultures. There’s nothing more exciting than packing up your bags and traveling the world. There are so many places to see, people to meet, and things to do that it can be overwhelming to decide where you want to go first. However, traveling can be expensive. The costs of airfare, hotels, food and transportation in a new country can add up quickly. If you’ve ever dreamed of living abroad or taking extended backpacking excursions but don’t know how you could manage it financially, read on for some great tips on traveling the world while also living in multiple countries while saving money.

Estimate Your Travel & Living Costs Before You Go

The best way to start saving money for travel is to do some research to estimate your travel and living costs. You can choose a specific country you want to travel to or look at travel as a whole. For example, what is the best time of year to visit your dream travel destination? What will the weather be like? What is the average cost of living for that area? How much does it cost to get there? How much will staying in hostels or on travel and adventure tours cost? What are the typical expenses of daily life in that country? If you are choosing to get an apartment for a long-term stay, you’ll have to consider the cost of rent and how much to pay a moving company, like Allied Van Lines Canada, to help you move internationally. This will give you a rough idea of how much you will need to save up to have enough funds to comfortably travel and stay in multiple countries while saving money.

Move to a Low-Cost Country

If you want to travel the world while saving money by living in multiple countries, one of the best ways to do so is to start in a low-cost country. This country will be where you can travel cheaply and comfortably while saving money for your extended global travel plans. It can be a great place to start your travels, build up your funds, and maybe even make some friends who you can travel with later on. After you explore this low-cost country, start your travel itinerary with the rest of the world. If you have a list of places you want to visit and have been saving up for the trip, it’s a good idea to book tickets for the first leg of your trip somewhere in the middle. This will help you to reduce the cost of your trip by booking your plane tickets in the off-season, during a sale, or with a travel rewards credit card that offers travel rewards. 

Find Temporary Work While You Travel

If you want to travel the world while saving money by living in multiple countries, one way you can do this is by finding temporary work while you travel. Even on vacation, you may be surprised at how easy it is to find short-term work. You can obviously teach English, but there are other options to earn money while traveling. You can do online work, work at a hostel, work on a farm, work on a cruise ship, or you can even get paid to travel. Several websites offer a variety of travel-related jobs that you can do remotely while traveling. Many of these jobs will allow you to earn a living wage and save money while experiencing a new culture. Check out our website for more travel and working abroad tips.

Use Credit Cards That Earn Travel Miles and Hotel Points

If you want to travel the world while saving money by living in multiple countries, you may want to consider using credit cards that earn travel miles and hotel points. They may not be the cheapest way to pay for everything, but you can use miles or points to book travel at a discounted or even free rate. You can also transfer points from one travel reward program to another. This way, you can use credit cards that earn travel miles and hotel points to help you travel the world while saving money. However, it’s important to note that the best travel cards will have an annual fee, so you must decide if the saved money is worth paying a yearly fee.

Bottom Line

Traveling the world while saving money by living in multiple countries is possible, but it takes a lot of planning and saving ahead of time. You’ll want to start saving as early as possible to have enough money to see all the places you want to go and live comfortably. Estimate your travel and living costs before you go to help you save money, and look for ways to earn travel miles and hotel points on your credit cards.