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Planning on a getaway this year? You’re not alone. According to a recent survey by Investment Property Exchange Services (also known as IPX1031), 92% of Americans intend to travel in 2025, with 79% setting aside a budget for it.

Danielle Corbett, host of “The Thought Card Podcast” and co-host of the “Road Trip Ready” podcast, said that the report “shows that more people are financially planning for travel and view it as a financial goal they are actively pursuing.”

Traveling can get expensive. But whether you’re dreaming of Florida or France, you can make a trip work without breaking the bank. 

In an email interview with GOBankingRates, Corbett, who has traveled to over 27 countries, explained how to travel in a financially smart way. Here are some key tips for financially smart travel.

Be Financially Smart Without Sacrificing Experiences 

Corbett wrote that many people have a misconception that to travel in a financially smart manner, you have to hold back and pursue cheap options. But she stressed that you don’t necessarily have to do so. 

“Financially savvy travelers are typically looking for luxury at an affordable price,” she explained. “While financially savvy travel has a strong money-saving component, it’s more about optimizing your finances, being creative and strategically spending based on what matters most to you — essentially, making smart and informed financial decisions so you can travel more.” 

She recommended getting clear on your “travel style and preferences,” and then adjusting your spending accordingly. “Spending based on values boosts fulfillment while reducing unnecessary financial waste,” she explained. Specifically, she said that you should become a pro at “one area of travel optimization.” 

“Focus on big-ticket travel expenses like hotels, flights, car rentals or cruises,” she wrote. “Learn everything you can about that one area and become the go-to expert in your family and friend circle.” 

Strategically Leverage Credit Cards

IPX1031’s data revealed that the average travel budget for Americans this year is $10,244. However, almost 2 in 3 plan to use points or travel rewards to help with the cost.

Corbett explained that, given inflation and increasing costs, “the thrill of finding deals and saving money is becoming more pronounced.” 

One way to do do is with credit card offer rewards. Corbett recommended being strategic with credit card usage to accumulate points. “Using the right credit card at checkout for every purchase is an easy way to maximize your points and miles earning potential,” she explained. “Aim to earn at least 2x points and miles across the board and multipliers for special categories like travel, groceries and dining.”

Additionally, she advised leveraging apps like CardPointers to keep track of your portfolio, optimize your spending and make sure you don’t miss potential bonuses and other promotions. 

“These little victories make our travel dreams possible but also exciting and rewarding,” Corbett noted. 

Streamline International Travel 

The survey also found that 86% of Americans will take a trip outside of their home state, while 50% will pursue international travel. 

Corbett noted that domestic travel is straightforward other than variances in the cost of living. However, she explained that more planning and preparation are needed for international travel.

“Considerations for international travel include currency, currency conversion rate, ATM access and fees, tipping culture, haggling acceptance (is it acceptable or not), and cash or credit card preferences,” she explained.

Being prepared ahead of any international trips can help you go into the vacation with a plan and a budget.

Be Financially Disciplined

As for how long Americans plan on being away during their travels, the survey uncovered that 57% of Americans are planning a longer vacation than they did in 2024. Specifically, 21% will be going on getaways for less than a week, 27% for seven days, 35% for 10 to 21 days, and 17% for a month or more. 

To stay disciplined and avoid overspending when away on longer trips, Corbett suggested setting spending targets each day and reviewing your balances regularly.

By doing so, she explained, you can “keep your finances in mind and maintain control over your travel budget.” And if you do notice any issues, you’ll be able to make changes. 

“I love this simple money approach because it offers guard rails and built-in flexibility to adjust daily spending in real time based on spending patterns,” Corbett explained. “For example, if you are trending under budget, you may want to treat yourself to a fancy meal or souvenir. However, if you have been overspending, it’s time to enjoy a no-spend day or ditch the guided tour for self-exploration.”