Once the seed of travel has been planted in our minds, one question we've all asked ourselves is just how much money we need to travel.

The answer to the question, of course, isn't straightforward - it all depends on the type of holiday you seek, the destination, and for how long you want to travel for.

For some destinations, you can't save enough money while for other destinations very little is required.

On Any Budget

The truth is you can travel on any budget. The exciting thing is that two people in the same place at the same time will have completely different experiences depending on their budgets, among many other things.

Your budget will determine whether you stay in hotels, hostels, Airbnb, a short-term rental, or couchsurf. If you have family or friends to stay with that certainly changes things and makes things a lot cheaper.

If you really want to travel, you'll make it happen, whatever your budget.

If You've Got The Time

If you're not following a rigid schedule where you need to be in a specific city at a specific time, it opens up a whole other world of travel.

For example, you may decide to book accommodation out the city centre. Sure, it means you'll spend more time commuting but if you're not in any rush, it's not an issue. Besides, you'll also have a more authentic experience staying outside of the tourist areas and save money in the process.

Additionally, when booking flights and time is not a concern, you may opt to purchase a flight with multiple connections. Yes, it will take a lot longer to get to your destination but you'll save a lot of money in the process and open yourself up to other experiences along the way.

Your Travel Companion

When it comes to money and travel, think of FerratumBank as your travel companion. As a dedicated mobile bank, it goes wherever you go.

Downloading the FerratumBank app and opening a bank account is completely free. Once you've opened an account, you can manage up to seven accounts each with their own currency (goodbye expensive foreign exchange fees!), pay bills, make transfers, and view currency exchange rates all through the FerratumBank app on your mobile phone. Best of all, you can do all this while traveling.

Your FerratumBank account also comes with a free contactless debit card. Since the card works in association with Mastercard, you can use it anywhere in the world Mastercard is accepted. Now that's freedom.

Blog articles are not legal information and should not be seen as legal advice. You should consult our legal documents and list of price for specific information. For any questions, please contact our customer support at customersupport@ferratumbank.com