Travelling holds value for many reasons – It allows for new perspectives to develop; a change of climate; with fresh eyes it is easy to see beauty all around; entertainment and education with interacting with people from all backgrounds; learning about yourself in challenging situations; getting out of your comfort zone; and a great opportunity to practice minimal living.
Live simply and reevaluate your current expenses right now (ie. cable bill, smart phone bill, clothing, eating out/drinks, movie theatre trips, entertainment, car etc.)
Before leaving for a trip try and make some cash by selling anything that taking up more space than its worth in your closet. Try seasonal work (ie. tree planting, waitressing, boat work, fruit picking etc). Rent out your place while you are gone. Also, as to avoid getting ripped off, make sure to research tourist scams in your planned destination. Don’t forget your student card as sometime discounts are available for museums, transportation, food, hostels etc. Set up a study abroad trip or link up with a host family if you want an intimate cultural experience.
Be flexible with your flight dates and what you are willing to endure (i.e. long layovers). Check out regional airlines that may not be features on search engines. Avoid travelling during any high seasons like Thanksgiving, Christmas, New Years, Spring break as well as weekend flights. Also avoid checked baggage fees by packing light and carrying on. Supposedly 2 months in advance is the prime time to get the lowest fair for a flight. Make sure to delete your cookies or search for flights in an incognito window as airline companies will track your history, raising prices on the flights you search and utilize discount/ coupon codes. Opt for a later flight if it has been overbooked in order to receive airline vouchers. Don’t forget about collecting points via credit card and flying miles.
Utilize the web my friend! Check out
WWOOF (each country has a different website)
Help X http://www.helpx.net/ and Workaway http://www.workaway.info/
Housesit with Trusted housesitters http://www.trustedhousesitters.com/, Housecarers http://www.housecarers.com/, Mind my House http://www.mindmyhouse.com/,30 Bananas a Day (http://www.30bananasaday.com/, Couchsurfing https://www.couchsurfing.com/, and Hostelworld http://www.hostelworld.com/.
If you are looking to make income and have internet skills Elance https://www.elance.com/ is one option. Of course being an online entrepreneur (with YouTube, blogging, coaching, affiliate products, your own e-products etc.) is an option as well. Use your backpacker skills for cash. English teaching jobs are available all around the globe and depending on your citizenship and destination there are other opportunities for foreigners to make money.
It might be available for you to stay with family/ friends that live abroad. If you are wanting to rent a place, try and supplement it with work trading for the landlord. Travel to festivals and link up with people from around the globe. Lastly, sleep in your car or BYOT, bring your own tent!
Always be talking to locals about how they do regional travel because they won’t be using expensive tourist transport. Travel on land vs. air when possible, utilize public transit, especially overnight trains and busses. Share rides and hitch hike if the area is accommodating.
It is so helpful to travel to destinations that have a low cost of living (ie. Southeast Asia, India, South America etc.). Go where you can grow/forage your own food, learn a little bit of the language, always be bargaining for a deal and find free ways of entertaining yourself. Free communication via public WiFi is a great way to save a cell phone bill, but if you do need a phone, make sure to get a local SIM card as to avoid roaming fees. Travel with a buddy and share the expenses of rent and transportation.