![]() Those buckets will depend on where you’re traveling and how you like to travel. As you go, create a travel budget worksheet that puts your spending into buckets. Imagine your trip from start to finish, focusing on how you’ll spend money along the way. If you’re not an experienced traveler, you may not know exactly how to budget for travel. It can help you analyze your spending the next time around. On your next trip, consider getting receipts as emails whenever possible, and take photos of your paper receipts. Using the categories in the next section and a little online sleuthing, you can do your best to estimate your trip costs. If you’ve never traveled or are traveling abroad for the first time, you can still plan your travel budget. It’s not the most fun evening activity, but analyzing past spending will offer a glimpse into how much you spent on food, drinks, taxis and other categories, helping you plan for your next trip. ![]() Then, build a spreadsheet that summarizes what you spent in each category. Include things you bought for your trip (like new walking shoes or sunscreen) and things you bought during your trip (like souvenirs or dinner). Using the website or app for your bank and credit cards, find every expenditure related to the trip, from your airfare to your cab ride home from the airport. The simplest way to figure out what you’ll spend on a trip is to look hard at where your money went on a previous trip. Once you’ve started padding your savings account, you’ll feel more confident about planning a big trip and building a budget for it. If you’re spending too much on á la carte workout classes or a gym membership, try online workout classes or free forms of exercise like running, biking and hiking to help keep costs down. Or hunt your bank statement for subscriptions, digital or otherwise, that you never use and cancel them. If you don’t, search your budget for places to save. So start by figuring out exactly how you spend at home, making sure you have enough left over each month to put away in a savings account. If you don’t stick to an overall spending budget, you may find it hard to build and keep a travel budget. Here are a few ideas for building a travel expenses budget so you can feel as good about your finances as you do about your itinerary. Planning a big trip can be stressful, especially when you’re trying to do it on a budget. But knowing what you can afford, what you’ll need to spend and how to avoid overspending can help maximize the fun and minimize the stress.
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