3 Ways to Save as a Solo Traveler

By Drew Goldberg, ContributorOct. 16, 2014
By Drew Goldberg, ContributorOct. 16, 2014, at 3:02 p.m.
U.S. News & World Report

3 Ways to Save as a Solo Traveler

Who said that you have to travel with a companion to save money? In recent years, solo travel has been on the rise, especially with women. A 2014 study by Booking.com found that the increase in solo travel is largely due to travelers' ability to stay in touch with friends and family, thanks to multiple social media platforms. While modern technology has made it easier than ever to keep loved ones updated, it hasn't solved one of the biggest issues independent travelers must face: how to budgetWithout someone to split the tab with, how can you ensure you have the same enriching experiences? Here are three money-saving tips every solo traveler should know.

Home exchange sites like Couchsurfing and Airbnb have revolutionized the sharing economy. Both services connect travelers in need of a place to stay with locals willing to provide the space. The two sites operate differently, each with its own benefits.

Couchsurfing has been around since 2004 and it boasts a well-established community of travelers worldwide. More than 9 million people use this service in more than 100,000 cities across the globe. Couchsurfing's biggest draw is that it's entirely free. Just sign up online, complete your profile and search for locals in the destination you're planning to visit. Once you find a local you feel is compatible, you can exchange messages directly on the website and arrange to sleep at his or her house for free. Your bed will likely be a couch, but it can also be floor space, or even a private room. This service is the ultimate way for budget travelers and backpackers to save money, while reaping the benefits of interacting with locals on a more personal level.

Airbnb debuted in 2008 and has exploded in popularity over the past two years. As of September 2014, the company touts more than 800,000 listings in 34,000 cities and 190 countries around the world. The main difference between Airbnb and Couchsurfing is that with Airbnb you must pay for your accommodations. But keep in mind: Your Airbnb bill will likely be much lower than what you would fork over for a hotel room. To get started with the site, simply register online, fill out your profile and start browsing accommodations around the world, which range from apartments to castles. There is an excellent rating system for each host, where you can read detailed reviews from other users' experiences. Once you find a place that fits your needs, you can direct message the owner and pay for the property through the website's secure system.  

It can be difficult to resist buying every commemorative trinket you see when you're on the road. As travelers, we tend to find things more valuable when they're from a foreign destination because they appear to be rare and unique.

But one of the easiest ways you can save money as a solo traveler is to cut back on your souvenir expenses. Instead of purchasing small keepsakes, save mementos from your journey: collect photos, posters, city maps, museum tickets or flight boarding passes. And instead of exchanging all of your foreign currency, hold on to a few bills or coins.  

Thankfully, most big cities have some form of reliable public transportation. Some systems are more efficient than others — Singapore, London, Paris and Seoul, South Korea are ranked among the best in the world, according to a 2013 CNNTravel reader pollHowever, you should refrain from using public transportation unless it's absolutely necessary. Public transportation costs can add up quickly and can put a major dent in your overall budget.

Try renting a bike instead. With two wheels, you'll experience a different perspective and might even discover some hidden gems. Grab a city map and create your own tour. You'll be surprised to find that you're covering more ground than you would if you were taking public transportation — and you're doing it for only a fraction of the cost. 

Walking around a city is a bit more time consuming, but it's another cost-effective alternative. When you're leisurely meandering, you'll begin to notice all of the little quirky things that happen at any given moment in a city. You'll also be able to people-watch much easier, and consequently feel more immersed in the culture.

About the author: As a recent University of Wisconsin-Madison graduate, Drew Goldberg has visited more than 40 countries since 2012. Drew is currently teaching English in South Korea, blogging about food, culture and nightlife at The Hungry Partier. You can follow his adventures on Twitter, Facebook and Google+.

Recommended

12 Top Texas Wineries to Visit

From the Texas Hill Country to the Texas High Plains, the Lone Star State offers top-notch wineries for oenophiles.

May 23, 2019

The 7 Best San Francisco Bus Tours

Visit the top attractions in this hilly city without breaking a sweat.

Lyn MettlerMay 22, 2019

The 15 Best Washington, D.C., Tours

The nation's capital has more to offer than free museums and tons of history.

Kim Foley MacKinnonMay 22, 2019

10 Amazing Montana Vacations

Breathtaking landscapes and year-round outdoor adventures will inspire you to visit Big Sky Country.

May 20, 2019

The 13 Best Savannah Tours

Experience real southern hospitality when visiting Savannah with these top tours.

John RodwanMay 16, 2019

The 15 Best Boston Tours

Get to know one of America's most historic cities with these tours.

Kim Foley MacKinnonMay 14, 2019

The 18 Best New Orleans Tours

With so much to see and do in New Orleans, these tours will help you maximize your time in the Big Easy.

Claire LawtonMay 10, 2019

The 7 Best Chicago Boat Tours

These low-key tours offer unique views of a city famed for its skyline.

Holly JohnsonMay 9, 2019

30 Cheap Weekend Getaways in the USA

From beach destinations to amusement parks, these vacations are perfect for an affordable and quick trip.

May 9, 2019

The 15 Best Chicago Tours

Foodies, boat enthusiasts and historians alike will appreciate any one of these tours of the Windy City.

John RodwanMay 8, 2019