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.

Work out roughly how much you’ll need and set a savings goal in NetBank. Take into account things like the exchange rate too. Play that right and it could help your dollar go further.

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.

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.

6. Haggling

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

8. Volunteering

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.

See our travel products, checklist and tools to help you prepare for your trip

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Things you should know

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this, consider the appropriateness to your circumstances.

Insurance issued and managed by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia (‘CBA’) (ABN 48 123 123 124, AFSL 234945). CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. Terms, conditions, exclusions, (including for pre-existing medical conditions and persons aged 80 years or over for international travel insurance included with an eligible CommBank credit card or persons aged 74 years or over for CBA Travel Insurance) limits and excesses apply. Before making a decision, refer to the relevant Product Disclosure Statement for full conditions at commbank.com.au. You need to activate your international travel insurance included with eligible CommBank credit cards before each trip in order to have comprehensive level of cover. If you don’t activate, you’ll receive personal liability cover and overseas emergency medical assistance and overseas emergency medical and hospital expenses cover only. We (CBA) do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase or upgrade a policy, we (CBA) receive a commission which is a percentage of your premium.