Take a look at our money tips for backpackers, gap year adventurers and career break travellers so you get the most from your next big adventure.
1. The when and where
Choose to travel to places off-peak and you’ll definitely save money.
But get the balance right – some experiences are too magical to be solely determined by cost. Do you really want to see the Amalfi Coast in winter or experience a Kenyan safari during the rainy season?
2. Budgeting basics
It’s important to work out a rough budget, ideally a few months in advance. Think about what you’ll need before you go, not just what you’ll need when you’re there – e.g. vaccinations, medicines, insect repellent, replacement passport if yours is due to expire soon (or when you’re overseas).
You don’t need a huge budget to squeeze the most out of every moment, but it makes sense to be prepared for the unforseen. Turning down a once-in-a-lifetime activity because you don’t have enough cash can put a downer on your trip.
3. Travelling light
Only pack what you’ll absolutely need. A pair of jeans for every day of the week is definitely not worth the extra weight – clothes will come second to the memories you'll accumulate from your trip anyway.
Travelling light is also important because over-packing could mean extra costs.
Airlines are cracking down on over-sized, over-packed bags and are within their rights to charge you. Weight restrictions differ from airline to airline so check closely, especially if you’re planning on taking several connecting flights.
4. Cards or cash?
Consider taking a mix of cash and cards. That way you’ll have more flexibility and choice when it comes to paying for things.
A Travel Money Card means you can lock in your exchange rate and load several currencies on the one card, then withdraw money without having to pay a conversion fee.
5. Cheap can be costly
Theoretically the cheaper your accommodation, the longer you’ll be able to travel. But getting a cheap deal doesn’t necessarily mean it’s a money-saver in the long-run.
See if your accommodation includes things like free Wi-Fi, access to a communal kitchen or BBQ areas, and free or discounted transfers from the airport before deciding if you’re really getting value for money.
It doesn’t always come naturally, but haggling for goods is expected in some countries and can be fun as well as save you money.
Haggle responsibly though. What you’re saving probably could mean a lot to the seller, so go for a bargain, but a fair price for you both.
7. Safety first
Common sense is key. Plan ahead and research local destinations for any potential safety risks and register your travel plans with SmartTraveller.
You know you’ll need local currency to pay for things like taxis, so it makes sense to exchange dollars beforehand to avoid scrambling for cash. But you probably don’t want to carry too much – especially as turning your back, even for one second, could be just the distraction a pick-pocket needs to relieve you of funds.
And don’t lose sight of your credit card no matter where you are. Handing your card over at a restaurant, for example, so a waiter can swipe it at a terminal out the back is a big no-no.
Travel insurance is recommended. If you’ve got a CommBank Gold, Platinum, Diamond or Ultimate Awards credit card, international travel insurance is included with your card but you must activate your cover before you travel. Alternatively, you can get CBA travel insurance tailored to your needs.
Pitching in as a volunteer has multiple benefits. And will have a lasting impact on everyone, including you.
Offering your skills – e.g. teaching English, helping build shelters or contributing to organisations who encourage entrepreneurial ventures – can be rewarding, inspiring and meaningful.
You may get a roof over your head and a free meal or two along the way, but the rewards go far beyond the financial.
CommBank emergency details
- Lock, Block, Limit your CommBank credit card or lock your Travel Money Card for added security
- Cancel and order replacement CommBank cards in NetBank or the CommBank app
- Call us on +61 2 9999 3283 to report lost or stolen CommBank cards
For 24-hour travel insurance emergency assistance, call Cover-More in Australia direct and toll free on +61 2 8907 5641. You can also call from:
- Canada on 1844 345 1662
- New Zealand on 0800 632 031
- UK on 0808 234 3737
- USA on 1844 345 1662
Charges apply if calling from a pay phone or a mobile phone.