The first step in setting a travel budget is to determine your travel goals. This will help you narrow down your options and focus on the activities that are most important to you.

Common categories of travel expenses include transportation, accommodation, food and drinks, activities and attractions.

There are several ways to save money on transportation costs, including booking your flights and trains in advance, considering budget airlines and rail lines, looking for discounts and promotions, and traveling during the off-season.

There are several tips for finding affordable accommodation, including looking for hostels or guesthouses, considering staying in a shared room, booking your accommodation in advance, and looking for discounts and promotions.

There are several ways to save money on food and drinks while traveling, including cooking your own meals, eating at local restaurants, looking for happy hour specials, and bringing your own snacks and drinks.

There are several ways to save money on activities and attractions, including looking for free or discounted activities, considering buying a city pass, booking your tickets in advance, and looking for discounts and promotions.

It is recommended to set aside 20% of your total budget for unexpected costs, such as medical emergencies, lost luggage, or flight delays.

There are several ways to track your travel expenses, including using a travel budget app, keeping a travel journal, and using a credit card that tracks your spending.

If you go over budget while traveling, you should cut back on your spending, look for ways to earn extra money, and ask for a loan from a friend or family member.

The most important thing to remember when setting a travel budget is to be realistic about your spending, be flexible with your budget, and set aside money for unexpected costs.