November 28, 2023

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How To Save Money For Travel As A Student?

How to Save Money for Travel as a Student |

If given the opportunity, we all prefer to travel to see the essential parts of the world. A few minor glitches and some quick decision-making result in an enjoyable journey. Here are some suggestions for saving money on travel while investing in a travel insurance international plan. ##

1. Choose Your Mode of Travel

There are numerous forms of travel, depending on the type of holiday you’re seeking. It could be a walk to a nearby hill station, a soul-searching journey through nature and dense forests inside your country’s borders, a solo bike ride, an international cruise, or even an annual trip abroad. Choose your trip based on your desire and the duration of the journey. The longer the trip, the greater the expenses. 

2. Do Research on Your Destination

Once you decide on a specific location, gather information about its local culture. This research will offer a sense of the living standard and the costs you’ll encounter on your trip. Also, for any unforeseen events, check for the nearest hospitals covered by your medical insurance for travel.*

3. Write Your Costs Down

To begin saving money, record your costs. This bookkeeping will help you keep track of your spending, and it will be easy for you to determine how much money is needed for your trip. For example, costs of tickets, travel insurance international policy, mode of transport etc. ##

4. Save! Save! Save!

Many couples save some of their income and establish a trip fund today. This will enable you to go on mini-vacations every other month. Save lump sums in a piggy bank as we did as children, or deposit them in a bank, and you may receive interest. It is advisable to also save for a travel insurance policy, as it will safeguard your interests during the travel. ##

5. Reduce spending on food.

Preparing and dining for oneself will always be more satisfying and less expensive. If you cannot cook for yourself, choose a food catering service or a food mess to save money, as eating at different restaurants will cost you more. ##

6. Take public transportation

Use the public transportation services in your country to save money on domestic travel. Utilising your vehicles and cabs will cause you to spend more money; instead, consider purchasing a bicycle for short distances; it’s environmentally beneficial and an excellent workout for eco-conscious individuals. ##

7. Reducing your entertainment and leisure activities

Instead of dining out, invite guests to your homes and prepare the food. Visit locations on free admission days or seek free activities during your free time. It is only sometimes necessary to spend money to have an excellent time; if you look at it, there is always something you can do for free.

8. Get rid of costly behaviours.

That is an indication that you should break expensive habits. For instance, if you are a smoker, you can divert your spending to travel savings. Similarly, if you can find an economical alternative to your interest or habit, why not select it? For instance, if you are a bibliophile, why not prefer to read e-books? Download e-books for free or rent them. Always keep in mind the objective you are pursuing.

Indeed, with these minor adjustments, you can save up to buy travel insurance and save up for the experience of travelling the globe, making it worthwhile! 

While looking for a travel insurance policy, it is a good idea to visit multiple websites in order to evaluate both the policy and the level of coverage it offers. You need to look over the terms and conditions very carefully and assess whether or not they give protection against identity theft. *

*Standard T&C Apply

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘