4 Unexpectedly Inexpensive Places to Travel (Asia Edition)

4 Unexpectedly Inexpensive Places to Travel

It is fair to say that travelling is one of the most soul-satisfying experiences that one can encounter. Unfortunately, it doesn’t matter if you’re in your twenties or forties, travelling can burn quite a hole in the bank account.

Where money spent transcribes to priceless experiences, it may be worth the wads of cash – but most of us don’t have that luxury.

Despite the tight budget some of us have to work with, there are 193 countries available to choose from – of which, even on a tight budget, definitely ample to travel a lifetime! But since time is of the essence, some might prefer not to travel too far – thus Asia would suffice.

Majority of these countries offer a variety of well-priced accommodations that aren’t too shabby, leaving you with enough spare cash to explore your surroundings. From the adventurous spirit to those who prefer to unwind, there’s unquestionably a place for you.

READ ALSO: How to save money when booking your hotel

So where would you satiate your wanderlust?

Here’s a list of five unexpectedly inexpensive places to travel in Asia.

1. Koh Lipe, Thailand

Koh Lipe, Thailand

(Image credit: shin–k, via Flickr)

If you enjoy the sun, sand and sea – this is your ultimate paradise. Gaining popularity in recent years, it is the perfect getaway for couples, friends and even families. Known as the Maldives of Thailand, it is a small island in the Southern part of the Thai Andaman Sea. Crystal clear water, white sandy beaches and an abundant of marine life, it is part of a nature reserve and is also known as Thailand’s second National Park.

Activities such as snorkelling, diving and hiking are all reasonably priced, but if you want to spend less (or none at all), sunbathing at any of the three beaches will definitely keep the wallet fat and happy.

Generally priced a little higher than the mainland, it’s still thoroughly affordable.

2. Bali, Indonesia

Bali Tanah Lot

Bali Tanah Lot (Image credit: Fabio Gismondi, via Flickr)

For travellers of all walks of life, Bali has something install for everyone – from the tranquil quiet getaway to party animals ready to get hammered, this is a must go destination if you’re ever in South East Asia.

Savour their local food and ride a bike like the locals do there. Not only do you save quite a bit, it’ll be a more enjoyable than renting a car. If you’re staying in Seminyak or Kuta, majority of the things are within walking distance – beaches, eateries, shops and massage parlours. Various packages and tours are also available for those who prefer to explore temples, rice terraces and the famous monkey caves or even white water rafting and ATV rides through the lush forestry.

Without the tours, $50 a day is more than enough to spend.

READ ALSO: 4 Useful and Money-Saving Travel Tips for Memorable Adventures

3. Sri Lanka

Sri Lanka Safari

(Image credit: maria ioveva, via Flickr)

Filled with interesting historical sites and national parks, Sri Lanka, is one destination that aren’t on majority of travellers “top lists”. One of the cheapest places to travel to on this list, there are plethora of things to do in Sri Lanka such as visiting wild safaris, whale watching, rock climbing and even hot air ballooning.

Try a popular local beverage that you can buy off the streets,Thambili. Made from fresh coconut water and is very refreshing, and it’s also a cheaper option compared to bottled water.

Their staples are often made with rice and curry and can be very spicy. Sri Lankan and South Indian cuisine eats for under a dollar, but there are also more touristy places where you might pay upwards of ten U.S. dollars.

Lastly it’s best to go around in a tri-shaw, or three-wheeler, which is comparable to a tuk tuk in most nearby countries. While they’re fun to ride in, there are some safety concerns.

Overall, $15 a day would suffice.

4. Yemen

Haraz Mountains, Yemen

Haraz Mountains, Yemen (Image credit: Rod Waddington, via Flickr)

Known as Arabia’s undiscovered gem, Yemen is where you can find the world’s oldest skyscrapers, spectacular mountaintop villages, pristine coral reefs, and stunningly gorgeous trees unseen anywhere else on earth. Dubbed as one of the dangerous holiday destinations, that’s the appeal to most who travel there.

Stepping out of your comfort zone, Yemen has a long list of eco-activities, camel and horse riding as well as paragliding tours which will definitely make it a unique holiday. Visit their local fish markets and try the popular Arabic coffee.

Ladies, note that you don’t have to dress definitely the Yemeni way but dress modestly in the public places – bare shoulders and miniskirts are not appreciated. The same goes for kissing in public.

* Singapore Airlines is having a two-to-fly fares sale until 31 Mar 15. Fares starts from SGD 358 for Bali and SGD558 to Colombo when you book with your MasterCard®. More info here: Singapore Airline's Sale. If you want to get to Koh Lipe, the easiest way would be to travel to Langkawi, grab a 10 minute taxi ride to Telaga Habour and then take the 60 minute ferry across to Koh Lipe. For Yemen, travelers are advised to defer travelling plans due to civil unrest until further notice.
For hotels booking, use our hotels search engine here: http://hotels.moneydigest.sg where we search thousands of travel sites to get you a best-price guaranteed hotel

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How To Save Huge Money On Kid’s Clothing

Long before you give birth to your child, the desire to buy adorable child’s clothes kicks in. But, quickly growing children, changing of fashion trends, and huge deals may put a hole on your pocket. Giving your child fashionable clothes does not have to be expensive. Here are 5 Ways to Save Huge Bucks On Your Kid’s Clothing…

1. OUT WITH THE NEW

Since your toddler grows increasingly in the first few years then buying new clothes every year will surely break the bank. Try buying stylish clothes that are very cheap in thrift stores, garage sales, or online (e.g., Carousell or Gumtree).

There are a couple of neat thrift stores in Singapore namely: Praisehaven Thrift Store, New2U Thrift Shop, Oakham Market, and O-Mighty. Most of these thrift stores are donating its proceeds to charity. Visit Yelp.com.sg to read the reviews of these stores. The best part, of course, is that you’re contributing to a great cause while shopping.

2. HAND-ME-DOWNS

Hand-me-downs are totally free! Ask your family and friends (whose kids are older and bigger than yours) if you can have their children’s outgrown clothes. You will not only help your family or friends to de-clutter their space but you will also save more.

3. USE CLOTHES FOR MULTIPLE PURPOSES

Get your child leggings that she could wear during the cold weather then keep wearing them as capris the next summer. Same thing goes for dresses, you can use them as a dress or a shirt once its outgrown.

4. BORROW OR SEW YOUR OWN

For occasions that require special outfits such as Halloween, weddings or other formal parties that you only wear once a year, you can just borrow costumes to save loads of space and money. If you are good in sewing, use your creativity to sew your own “princess or prince” costume for Halloween.

5. KEEP IT SIMPLE 

Avoid buying a matching set because it is more costly and it limits your options. Instead, buy solid colored pants and simple patterned skirts that you can mix and match with funky shirts. You will save more buy these items during clearance sales.

Image Credits: mahalie stackpole via Flickr

Image Credits: mahalie stackpole via Flickr

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Boost Your Savings With An Entry-Level Salary

Surviving expenses as a fresh graduate in your first “real-world” job without anyone to depend on can be tough at times. Living from paycheck to paycheck, you will need to find strategies to help you save more. Aside from budgeting, here are 6 ways to boost your savings on an entry-level salary

1. PACK YOUR LUNCH

After going to grocery, prepare your meals for the week. Packing your own lunch will not only help you save but it is also healthier. This strategy has worked for me very well before and has reduced my meals to S$5-10 a day.

2. TAKE PUBLIC TRANSPORTATION

Being in a country with an efficient transportation system, I do not see the reason why there is a need to take a cab in short distances. Buy a Public Transportation card (EZ-Link card) that you can use for trains and buses to save more. If you still want to drive via car, then carpool with your coworkers who live nearby.

3. MAKE YOUR OWN COFFEE

Your daily sip on Starbucks could be costing you a lot. Brew your own coffee for free instead. You can either make your coffee in your house before you leave or in your office during lunch breaks.

4. ATTEND INEXPENSIVE FUN EVENTS

Save without compromising fun by going to free or inexpensive events. You can search for free museum days, charity concerts, and outdoor films. There are some community events and workshops that charge as little as S$2 so keep your eye on those.

5. NETWORK WHILE YOU PARTY

Socializing with other people can widen your resources and potential business partners. But, it does not mean that you should splurge on drinks. Indulge on drink deals as much as you can during happy hours to save more.

6. BUNK WITH ROOMMATES

Living alone with an entry-level salary is not ideal. So, find friends or co-workers who can split the rent finances with you.

Image Credits: Robert Judge via Flickr

Image Credits: Robert Judge via Flickr

You will not only have a load off but you will also enjoy an awesome company of people who can go with you while you attend free events, happy hours, and great sales.

Don’t think it is possible? Then read how a Singaporean saved $20,000 in a year: http://goo.gl/7cUIC1

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Psychology of Spenders And Savers

There are two types of people in the world: those who spend and those who save.

SPENDERS

Compulsive spenders do not want to delay gratification. If they want something, they will purchase it right away…as long as they are happy. It worked so well in the past, so they stick to the same habit. But, when expenses and debts extremely increase then, it is the time they realize that they need to kick that habit away.

Here are 3 ways to prevent your impulses and to help you save:

1. IDENTIFY YOUR FINANCIAL GOALS

How much do you need when you retire or how much do you need to pay for your child’s education? Ask yourself these questions to identify your financial goals. Then, be vocal about it to your friends and family.

2. NEED VS WANT

Before purchasing anything, evaluate and know whether you need or want the item. Then, purchase according to your budget.

3. STAY AWAY FROM THE PLASTIC CARDS

By using mainly cash and withdrawing it from your bank account, then you became more aware of your spending and your account balance.

SAVERS

For financially aware individuals, the act of spending can activate neural activity in the anterior insula and amygdala. These two parts are responsible for the mood and unpleasantness felt. This is why the more these two are activated; the less likely a financially aware individual will spend. On the other hand, the act of saving will bring immense pleasure to them.

While many people take pleasure in purchasing things, some savvy savers do not feel the same. Instead some of these people are uncomfortable when shopping, they constantly look for the price tag and calculate the total, and they feel emotionally painful when they are paying. If you are not experiencing enough pleasure in life, you deserve to loosen up and enjoy spending every once in a while.

So, what brings the pleasure back as a savvy saver that is spending?

1. STAY AWAY FROM THE PLASTIC CARDS

Give yourself the vacation or rest day you deserve by budgeting a portion of your money to a category called “personal incentives”. With that money, you would not need to use your credit or debit card since you have already set aside the cash to cover it. Now all you can do is relax and take your mind off the expenses.

2. PURCHASES=REWARDS

At the end of the month and once you meet your savings goal, reward yourself with the pampering you deserve for working hard and doing so well. To prevent frugal fatigue, reward yourself by using a responsible amount of 4% – 8% of your savings.

3. THINK OF THE FUTURE

Study has shown that people are happier when they spend their money on experiences (e.g., sky diving) than in goods (e.g., Gucci bag). So, do the same with your personal incentives. Do you really want to regret experiences you did not take because you don’t want to spend money on enjoyment?

Image Credits: Tax Credits via Flickr

Image Credits: Tax Credits via Flickr

Even though you belong in one category now…you can still change! Whether you are a saver or spender, you hold your financial present and future.

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Budget 2015: What it means for you and me

Budget 2015 Featured

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced on in Parliament what to expect for the Jubilee Budget.

As PM Lee reiterates: “This year’s Jubilee Budget focuses on the future, building Singapore and helping Singaporeans prepare for changes to come.”

It is evident Budget 2015 aims to tackle the future by investing in equipping Singaporeans with important skillsets, notably with the SkillsFuture initiative.

Here’s a roundup of Budget 2015 (does not include measures for businesses):

Budget 2015e

 

 

For more information, visit http://www.singaporebudget.gov.sg/

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