Budgeting like a backpacker isn’t about deprivation – it’s about finding joy in the small things while keeping an eye on the bigger picture.
Whether you’re saving for a future trip or just trying to live more mindfully, the budget-friendly philosophy of backpacking can help you spend less and experience more. And the good news? You don’t need a plane ticket or passport to get started!
Here are some ideas on how to boost your savings by embracing the backpacker's mindset:
1. Eat out(side)
Every backpacker worth their battle-hardened Birkenstocks understands that dining out can be a budget death blow. That said, relying on backpacker staples – pasta, rice, beans and fresh veggies – isn’t as appealing when you’re stuck at home instead of on holiday in the Mediterranean.
If you’re feeling the need to be out and about, but don’t want to stretch your savings to breaking point, cook yourself a budget-friendly meal at home then take it on an adventure. Plan a picnic with some friends or take a solo trip to the beach, park or river. You’ll quickly discover that the best seasoning is fresh air.
2. Rethink your commute
Backpackers often rely on two feet or two wheels to get them from A to B. This not only minimises spending, it also provides a crucial hit of incidental exercise to balance out any excesses.
But it’s not only backpackers who can benefit from switching up their mode of transportation. By ditching the car and walking or cycling, you might gain a new perspective on your city or town while reaping the benefits of moving your body.
If you’re facing a long commute, try cycling to the train station or bus stop, or commuting as usual but jumping off a couple of stops early and walking the rest of the way. You may increase your savings as well as your step count.
3. Look for free (or almost free) entertainment
Backpackers are certified pros when it comes to finding low-budget activities. When travelling, many of us wouldn’t hesitate to spend an afternoon at a quirky local event or free concert, because anything can be an adventure if we approach it with the right attitude.
Apps like Meetup are great for connecting people who have shared interests, and you don’t have to wait until you’re travelling to use them. On any given day, you can find a local group celebrating art, nature, food or music. There's something for everyone out there.
The best part? These community events and activities are often free.
4. Take a trip
Backpackers are always on the move and exploring new places. You can scratch that same itch without the high cost of long-term travel by planning day trips or weekends away. Think of it as a chance to get creative and cultivate a sense of curiosity as you play tourist in your own region.
Our advice? Get your hands on a local guidebook or check out TripAdvisor or some local travel sites. There are sure to be places within an hour or two you’ve never explored. Just pack lunch and hop on public transport or carpool with friends. It’s a great way to satisfy your wanderlust without breaking the bank.
5. Embrace minimalism
There’s nothing like carrying your life on your back to show you how little you need. We’re not suggesting you give up your worldly possessions, but it may be worth culling a few. Check out our article on Giving your home the ultimate clean out.
Once you’ve set aside surplus belongings, make a day of it by inviting your neighbours, friends and family to a garage sale. Or post them all to an online marketplace. You’ll be happy to lighten your load and you may be surprised by how much you bring in.
Looking for somewhere to deposit the profits? A Suncorp Bank savings account could be a good option. You can check out our latest rates and open an account in minutes.
Published 24 January 2025
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