Summary of this article
Spread cash smartly and prep backup payment options
Track spending weekly to keep your budget steady
Build a travel fund early to avoid money stress
Solo travel has evolved from a distant idea into one of the most mainstream trends, especially among younger travellers in search of independence, self-growth, and the thrill of discovering places at their own pace. While routes, stays, and bucket-list experiences usually dominate the planning aspect, a long solo trip also requires being financially prepared.
When you are away for weeks or months, your bank account becomes your silent travelling companion. And how you prepare it can keep your journey smooth, even through remote towns and unpredictable terrains.
Rise in Solo Travellers
A report by Atlys, published in October 2025, showed that 71.5 per cent of visa applications filed between September and October 2025 came from solo travellers. Of those, Millennials accounted for 53.5 per cent of the applicants, followed by Gen Z at 29.7 per cent and Gen X at 14.6 per cent. In November 2025, Agoda issued a report highlighting that interest in solo travel across Asia increased by 16 per cent in 2025 compared to the previous year.
"Travel is one of life's most enriching experiences, and with thoughtful financial planning, it does not have to come at the expense of your long-term goals," says Dante De Gori, CEO, FPSB International.
"Whether it is a solo getaway or an adventure trip, building a dedicated travel fund as part of your personal financial plan allows you to save with purpose and spend with financial confidence", he further adds.
Financial Planning for a Longer Solo Trip
The basic strategy would be to carry buffer cash or top up your digital wallet for short trips. However, in the case of a month-long backpacking journey or longer slow explorations across different regions, you will need to dive a little deeper into planning. The intention is not to overplan your finances, but to ensure they quietly support your travel without interruption.
Carry Cash, But Distribute It Smartly
Cash is still king in places with poor network connectivity. Other than carrying loose change, split your cash between various pockets of your backpack or luggage, so that you are never dependent upon one stash. Many travellers carry a small, hidden pouch as an emergency within their luggage, simply to keep things safer.
Locate ATMs Along Your Route
Low network areas can make digital payments inaccessible. Before your trip begins, check for ATMs along your planned route and download the maps for offline use. Pin or save the location of ATMs so that you are not searching for them in unfamiliar streets when your UPI refuses to load. This is one of those small habits which adds a layer of comfort throughout a long solo journey.
Tracking Your Budget Using Simple Systems
On trips longer than a month, tracking your spending helps keep a steady budget. It does not have to be complex. You may use a simple three-category system: essentials, experiences and extras. The essentials will include food, stay and transport. Experiences include activities, entry tickets or a special meal. Extras will include unplanned treats. A basic weekly check will help you understand whether you need to slow down your spending or have room for an additional experience.
Set Up Alerts Ahead of Time
Low-balance alerts, withdrawal notifications, and transaction messages keep you informed in real-time, even when your internet connection is weak. These alerts serve as silent background reminders, eliminating the need to constantly check your banking application.
Plan a Safety Buffer
Having a buffer of Rs 5,000 to Rs 10,000 as an emergency fund will help you cope with sudden expenses. You may also maintain a secondary account with a small amount that can be used if the main card fails or gets blocked. It is a simple, rational approach that provides a fallback option.
Enable Card Settings Before You Leave
Check whether your debit/credit card is enabled for offline, outstation, or international usage. Many travellers face card declines due to inactive settings, not because of insufficient funds. Setting this up early avoids avoidable delays during your trip.
Travel Fund for Systematic Approach
Build a travel fund for longer journeys. Setting up a travel fund a few months in advance will help you avoid last-minute financial stress. De Gori reinforces the reason behind this, saying, "Begin with setting your short-term and long-term travel goals, estimating your travel cost, and implementing automatic savings toward your goals." He also adds, "A well-structured travel fund ensures you explore the world on your own terms: free from debt, financial stress, or compromise. Ultimately, financial planning isn’t about limiting experiences; it’s about enabling them."
Use Safe Payment Practices
Always stick to trusted channels of payment and avoid swiping your card at random kiosks or using tap-to-pay. You may reduce fraud by using a virtual debit card for online bookings. All of these tiny habits are often underestimated by travellers during long journeys.
Travel Insurance for Extended Trips
Travel insurance helps when you lose cards, need medical attention, or face trip delays. In longer solo trips, especially in areas of rough terrain or with limited infrastructure, travel insurance provides a financial cushion that keeps the journey steady. For people planning long trips or solo breaks annually, this financial cushion can come in handy.
"Consulting a certified financial planner can help you in creating a comprehensive financial plan, helping you with your travel aspirations", advises De Gori.
Long solo trips promise a sense of independence and discovery. With smart preparation and steady financial planning, you can focus on the experiences that matter: with your finances secure, accessible, and aligned with the rhythm of their trip.
