Let’s be honest—traveling is one of life’s greatest joys, but if you’re not careful, your budget can disappear faster than a gelato on a hot day in Rome. Between flights, meals, activities, and that “just one more” souvenir moment, things can add up quickly.
But here’s the good news: you don’t need to choose between a memorable vacation and your savings account. You can do both. Here are 9 smart, simple ways to save money on vacation—without sacrificing the fun.
1. Skip the currency exchange booths
Save on: International transaction fees
If you’re traveling abroad, avoid airport kiosks and hotel desks that offer sky-high exchange rates. Instead, withdraw local currency from an ATM at a reputable bank. Even better? Use a no-foreign-transaction-fee credit card (like this one from Discover) to skip fees altogether.
Pro tip: Some banks (like Charles Schwab) even reimburse ATM fees abroad, which is worth asking about before you fly. Faye co-founder & CTO talks more about how to avoid foreign transaction fees here.
2. Be strategic with where you stay
Save on: Lodging costs
Yes, that hotel with a rooftop pool is tempting. But if you spend most of your time exploring, it might not be worth the splurge. Opt for wallet-friendly alternatives like Airbnb, VRBO, or even boutique hostels and guesthouses.
Pro tip: Staying longer? Ask your host for a discounted weekly or monthly rate. Hosts are often open to deals, especially during off-peak seasons.
3. Don’t skip travel insurance
Save on: Unexpected emergencies
It might feel like just another line item, but travel insurance can actually save you serious money. Missed flights, lost luggage, or surprise emergency medical issues abroad can sometimes cost hundreds (or thousands) if you’re not covered.
Pro tip: Look for whole-trip travel protection that offers coverage for trip cancellations, health emergencies, and lost or stolen items. Faye’s plans can cover these scenarios—and then some.
4. Avoid the tourist trap restaurants
Save on: Overpriced meals
Touristy restaurants often charge more and serve less-than-stellar food. Instead, ask locals where they eat. You’ll usually get better food, bigger portions, and a more authentic experience.
Pro tip: Try browsing The Infatuation or asking your Airbnb host or hotel concierge for personal recs. You’ll end up with memorable meals—minus the “tourist tax”.
5. Take public transportation
Save on: Taxis, Ubers, and rental cars
Getting around can be one of the sneakiest budget busters. Skip the private rides and embrace local buses, metros, or trains. It’s cheaper and it gives you a real taste of everyday life in your destination.
Pro tip: Look into multi-day travel cards or city passes—like Berlin’s WelcomeCard or London’s Oyster card—for unlimited rides and discounts on attractions.
6. Plan (but leave room for magic)
Save on: Last-minute markups
Booking flights and accommodations early can help you lock in better prices. But don’t schedule something for every hour—some of the best experiences come from wandering, chatting with locals, or spotting a last-minute deal on a cool activity.
Pro tip: Use Google Flights or Skyscanner to track flexible flight dates and get notified of price drops.
7. Pack smarter, not heavier
Save on: Baggage fees
Overpacking = overpaying. Checked luggage, overweight bags, and even carry-ons on budget airlines can cost more than you expect. Pack versatile outfits, layer smart, and skip the “just in case” shoes.
Pro tip: Read our carry-on packing guide to help you pack like a pro and avoid surprise fees.
8. Prioritize free activities
Save on: Overpriced activities
Some of the best parts of a trip are totally free—sunsets, city strolls, street art, local festivals, and free museum days. Many cities also offer free walking tours (tip what you want) or nature activities like hikes and beach days.
Pro tip: Check out FreeTour.com and Sandemans Tours, or browse local event calendars and Meetup groups for no-cost fun.
9. Be intentional with souvenirs
Save on: Impulse purchases
We’ve all been tempted by magnets, mugs, and miniature Eiffel Towers—but they add up (and often gather dust). Pick up one meaningful item or souvenir per trip, or skip the stuff and collect memories instead.
Pro tip: Take photos. Keep a travel journal. Bring home a local snack or spice. These make meaningful (and packable) souvenirs.
Travel smarter, not spendier
Saving money while traveling isn’t about cutting corners—it’s about making smarter choices. A few small swaps here and there can free up your budget and give you a more authentic experience.
With a little planning, the right tools, and support from Faye, you can have a trip that’s both affordable and unforgettable.
Pro tip: Faye’s whole-trip travel protection goes beyond the basics. Get 24/7 support (yep, even on holidays), fast reimbursements on approved claims sent straight to your phone’s wallet, and real peace of mind with our award-winning app—so you can focus on the good stuff.
