11 ways to save for travel

Two years of lockdowns and closed borders have given many insatiable wanderlust. So if you find yourself scrolling holiday inspo or wistfully comparing travel insurance policies, let’s explore how to make your dream a reality.
Without further ado, here’s 11 (fairly easy!) ways to save for travel.
1. Get a term deposit, or switch to a high interest savings account

Rising interest rates may be bad for home loans, but they’re great for savings accounts!
Look into term deposits if you have a sum you don’t mind not touching for a while, or compare high interest savings accounts for greater flexibility.
2. Sell what you’re not using

“Travel light” can be a lifestyle, not just trip advice. Reduce clutter and move things on, especially if you’re planning on travelling for months at a time.
You could earn quick cash through marketplace apps like eBay, Gumtree, or Facebook. Recycling this way also saves the planet, since your well-loved items get a new home instead of going straight to landfill. And if you need something ‘new’, buy second-hand! Your karma (and bank account) will thank you.
3. Track your monthly spending

Bank account mysteriously leaking cash? Get on top of your transactions by tracking your spending. Once you know where your money’s going, you can decide how to cut back. Get started with a few fun money-saving apps which do the work for you.
You could also design a budget so you know which expenses are essential – and which could go toward a future trip to Europe.
4. Cut back on your grocery shop

Food is one of 2022’s biggest living expenses, so it’s important to make groceries as affordable as possible. Check some of the best ways to save off your grocery list by:
- Buying in bulk.
- Downgrading to cheaper grocery stores or product brands.
- Shopping locally and buying in-season fruits and vegetables.
- Meal planning.
- Dining at home instead of going out.
- Buying ingredients you can stretch farther (rice instead of pasta, chicken instead of beef, beans instead of bread, etc.).
- Shopping online so you can carefully watch your total.
Hungry for deals? We’ve rounded up some of the best online grocery shopping brands through our Mozo Experts Choice Awards.
5. Bundle or switch your mobile and broadband

Lots of people get stuck with their mobile plans because they’re too intimidated to switch. But you’d be surprised how cheap mobile plans can be! Get ruthless about how much data you really need by comparing SIM-only plans, or switch to prepaid if you want to control your spend carefully.
Some providers like Vodafone even offer special bundling discounts if you get your NBN and mobile on the same plan, so see what’s out there!
Here’s a guide on porting your number, too, if you find a better deal and would like to jump ship.
6. Rethink your energy bill

Electricity and gas have been hit hard with inflation this year. Compare providers and cut back on your usage so you live within means. Remember, it’s cheaper to heat the human instead of the home! You may just have to rug up this winter instead of whacking the heater on full nick.
Check out our energy-saving guide for more inspiration.
7. Get a roommate

Renting? If your lease allows it, get a roommate! Splitting the bill means more money in your pocket for travel. Even renting out your parking space or pool (yes, pools get rented!) can earn you some extra income.
8. Try a savings challenge. Go on. We dare you.

Make saving spicy with these 6 insanely fun challenges. You know you want to...
9. Budget for travel expenses

Give yourself a target by setting some savings goals. How much will you need for airfare? Accommodation? Food and souvenirs? Travel insurance? Once you have something to aim for, it’s so much more satisfying to get there – both with your bank account and holiday destination.
10. Compare destinations and itineraries

If Europe seems too expensive, don’t fret – Asia and New Zealand are right around the corner! Research destinations and different ways to do them. Your trip doesn’t need to be classic or iconic to be worth having, and you may not need to save as much as you think!
Sometimes unusual destinations can be cheaper and just as exciting, so see what’s out there, and don’t be afraid of going off the beaten track. (Just make sure your wanderings are covered by your travel insurance policy).
11. Compare travel insurance policies

While it may sound a bit narky, this adage is unfortunately true: if you can’t afford travel insurance, then you can’t afford to travel.
Luckily, it’s easier than ever to compare travel insurance policies. Look for value – not just price. The right policy for you will fit both your needs and budget, and could protect your finances in case you have a costly misadventure overseas. (And don’t forget to read the PDS!)
Going around the world in 80 days? Compare international travel insurance policies below, and make sure to avoid these 5 common travel mistakes.
Compare travel insurance - last updated 18 May 2022
-
Comprehensive
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
UnlimitedGet peace of mind with Fast Cover with worldwide 24 hour emergency assistance. Enjoy cover for emergency medical and hospital expenses. Get cover for cancellation costs as well as for luggage and personal belongings. No medical assessments required. 25 day money back guarantee. Cancellation cover for COVID claims limited to $5,000.
Get peace of mind with Fast Cover with worldwide 24 hour emergency assistance. Enjoy cover for emergency medical and hospital expenses. Get cover for cancellation costs as well as for luggage and personal belongings. No medical assessments required. 25 day money back guarantee. Cancellation cover for COVID claims limited to $5,000.
- Limits shown apply
- per Person
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 200
- Cancellation fees
- Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $15,000
- Additional accomodation & travel
- $50,000
- Emergency companion
- $50,000
- Resumption of journey
- $3,000
- Hospital cash allowance
- $5,000
- Accidental death
- $25,000
- Permanent disability
- $50,000
- Loss of income
- $10,400
- Credit Card fraud and replacement
- $5,000
- Travellers cheques
- $5,000
- Travel documents
- $5,000
- Rental vehicle excess
- Choose $0 to $8,000
- Alternative travel expenses
- $5,000
- Personal liability
- $5,000,000
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
-
Top
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
UnlimitedBe covered for international overseas and medical expenses. Emergency medical assistance 24 hours/365 days a year. Cover for cancellation fees and lost deposits. Cover for luggage and personal money. Dependents covered free of charge (conditions apply). Limited COVID cover available. Cancellation cover for COVID claims limited to $3,500.
Be covered for international overseas and medical expenses. Emergency medical assistance 24 hours/365 days a year. Cover for cancellation fees and lost deposits. Cover for luggage and personal money. Dependents covered free of charge (conditions apply). Limited COVID cover available. Cancellation cover for COVID claims limited to $3,500.
- Limits shown apply
- Per Adult
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 200
- Cancellation fees
- Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $15,000
- Additional accomodation & travel
- Unlimited
- Emergency companion
- Unlimited
- Resumption of journey
- $3,000
- Hospital cash allowance
- $6,000
- Accidental death
- $25,000
- Permanent disability
- $25,000
- Loss of income
- $10,400
- Credit Card fraud and replacement
- $3,000
- Travellers cheques
- $3,000
- Travel documents
- $3,000
- Rental vehicle excess
- $5,000
- Alternative travel expenses
- $5,000
- Personal liability
- $10,000,000 per policy
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
-
Comprehensive
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
$5,000 optional to increase to $UnlimitedBacked by the NIB, one of Australia’s largest travel insurance providers, Travel Insurance Saver brings you peace of mind on your travels. Compare three tiers of insurance cover, featuring benefits like 24 hour emergency assistance, emergency medical cover, luggage cover, cancellation cover and more.
Backed by the NIB, one of Australia’s largest travel insurance providers, Travel Insurance Saver brings you peace of mind on your travels. Compare three tiers of insurance cover, featuring benefits like 24 hour emergency assistance, emergency medical cover, luggage cover, cancellation cover and more.
- Limits shown apply
- per Person
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 250
- Cancellation fees
- $5,000 optional to increase to $Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $12,000
- Additional accomodation & travel
- Unlimited
- Emergency companion
- $20,000
- Resumption of journey
- $3,000
- Hospital cash allowance
- $8,000
- Accidental death
- $25,000
- Permanent disability
- $12,500
- Loss of income
- $10,000
- Credit Card fraud and replacement
- $3,000
- Travellers cheques
- $3,000
- Travel documents
- $3,000
- Rental vehicle excess
- $5,000
- Alternative travel expenses
- $2,000
- Personal liability
- $2,500,000
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
Compare travel insurance - last updated 18 May 2022
-
Comprehensive
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
UnlimitedGet peace of mind with Fast Cover with worldwide 24 hour emergency assistance. Enjoy cover for emergency medical and hospital expenses. Get cover for cancellation costs as well as for luggage and personal belongings. No medical assessments required. 25 day money back guarantee. Cancellation cover for COVID claims limited to $5,000.
Get peace of mind with Fast Cover with worldwide 24 hour emergency assistance. Enjoy cover for emergency medical and hospital expenses. Get cover for cancellation costs as well as for luggage and personal belongings. No medical assessments required. 25 day money back guarantee. Cancellation cover for COVID claims limited to $5,000.
- Limits shown apply
- per Person
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 200
- Cancellation fees
- Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $15,000
- Additional accomodation & travel
- $50,000
- Emergency companion
- $50,000
- Resumption of journey
- $3,000
- Hospital cash allowance
- $5,000
- Accidental death
- $25,000
- Permanent disability
- $50,000
- Loss of income
- $10,400
- Credit Card fraud and replacement
- $5,000
- Travellers cheques
- $5,000
- Travel documents
- $5,000
- Rental vehicle excess
- Choose $0 to $8,000
- Alternative travel expenses
- $5,000
- Personal liability
- $5,000,000
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
-
Top
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
UnlimitedBe covered for international overseas and medical expenses. Emergency medical assistance 24 hours/365 days a year. Cover for cancellation fees and lost deposits. Cover for luggage and personal money. Dependents covered free of charge (conditions apply). Limited COVID cover available. Cancellation cover for COVID claims limited to $3,500.
Be covered for international overseas and medical expenses. Emergency medical assistance 24 hours/365 days a year. Cover for cancellation fees and lost deposits. Cover for luggage and personal money. Dependents covered free of charge (conditions apply). Limited COVID cover available. Cancellation cover for COVID claims limited to $3,500.
- Limits shown apply
- For 2 Adults
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 200
- Cancellation fees
- Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $30,000
- Additional accomodation & travel
- Unlimited
- Emergency companion
- Unlimited
- Resumption of journey
- $6,000
- Hospital cash allowance
- $12,000
- Accidental death
- $50,000
- Permanent disability
- $50,000
- Loss of income
- $20,800
- Credit Card fraud and replacement
- $6,000
- Travellers cheques
- $6,000
- Travel documents
- $6,000
- Rental vehicle excess
- $5,000 per policy
- Alternative travel expenses
- $10,000
- Personal liability
- $10,000,000 per policy
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
-
Annual Multi-trip
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
$10,000 optional to increase to $UnlimitedBacked by the NIB, one of Australia’s largest travel insurance providers, Travel Insurance Saver brings you peace of mind on your travels. Compare three tiers of insurance cover, featuring benefits like 24 hour emergency assistance, emergency medical cover, luggage cover, cancellation cover and more.
Backed by the NIB, one of Australia’s largest travel insurance providers, Travel Insurance Saver brings you peace of mind on your travels. Compare three tiers of insurance cover, featuring benefits like 24 hour emergency assistance, emergency medical cover, luggage cover, cancellation cover and more.
- Limits shown apply
- per Person
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 250
- Cancellation fees
- $10,000 optional to increase to $Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $12,000
- Additional accomodation & travel
- Unlimited
- Emergency companion
- $20,000
- Resumption of journey
- $3,000
- Hospital cash allowance
- $8,000
- Accidental death
- $25,000
- Permanent disability
- $12,500
- Loss of income
- $10,000
- Credit Card fraud and replacement
- $3,000
- Travellers cheques
- $3,000
- Travel documents
- $3,000
- Rental vehicle excess
- $5,000
- Alternative travel expenses
- $2,000
- Personal liability
- $2,500,000
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
Compare travel insurance - last updated 18 May 2022
-
Comprehensive
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
UnlimitedGet peace of mind with Fast Cover with worldwide 24 hour emergency assistance. Enjoy cover for emergency medical and hospital expenses. Get cover for cancellation costs as well as for luggage and personal belongings. No medical assessments required. 25 day money back guarantee. Cancellation cover for COVID claims limited to $10,000.
Get peace of mind with Fast Cover with worldwide 24 hour emergency assistance. Enjoy cover for emergency medical and hospital expenses. Get cover for cancellation costs as well as for luggage and personal belongings. No medical assessments required. 25 day money back guarantee. Cancellation cover for COVID claims limited to $10,000.
- Limits shown apply
- per Group
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 200
- Cancellation fees
- Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $30,000
- Additional accomodation & travel
- $100,000
- Emergency companion
- $100,000
- Resumption of journey
- $6,000
- Hospital cash allowance
- $10,000
- Accidental death
- $50,000
- Permanent disability
- $100,000
- Loss of income
- $20,800
- Credit Card fraud and replacement
- $10,000
- Travellers cheques
- $10,000
- Travel documents
- $10,000
- Rental vehicle excess
- Choose $0 to $8,000
- Alternative travel expenses
- $10,000
- Personal liability
- $5,000,000
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
-
Top
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
UnlimitedBe covered for international overseas and medical expenses. Emergency medical assistance 24 hours/365 days a year. Cover for cancellation fees and lost deposits. Cover for luggage and personal money. Dependents covered free of charge (conditions apply). Limited COVID cover available. Cancellation cover for COVID claims limited to $3,500.
Be covered for international overseas and medical expenses. Emergency medical assistance 24 hours/365 days a year. Cover for cancellation fees and lost deposits. Cover for luggage and personal money. Dependents covered free of charge (conditions apply). Limited COVID cover available. Cancellation cover for COVID claims limited to $3,500.
- Limits shown apply
- For 2 Adults
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 200
- Cancellation fees
- Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $30,000
- Additional accomodation & travel
- Unlimited
- Emergency companion
- Unlimited
- Resumption of journey
- $6,000
- Hospital cash allowance
- $12,000
- Accidental death
- $50,000
- Permanent disability
- $50,000
- Loss of income
- $20,800
- Credit Card fraud and replacement
- $6,000
- Travellers cheques
- $6,000
- Travel documents
- $6,000
- Rental vehicle excess
- $5,000 per policy
- Alternative travel expenses
- $10,000
- Personal liability
- $10,000,000 per policy
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
-
Comprehensive
covid medical cover
Yescovid cancellation cover
Yesoverseas hospital
Unlimitedcancellation cover
$5,000 optional to increase to $UnlimitedBacked by the NIB, one of Australia’s largest travel insurance providers, Travel Insurance Saver brings you peace of mind on your travels. Compare three tiers of insurance cover, featuring benefits like 24 hour emergency assistance, emergency medical cover, luggage cover, cancellation cover and more.
Backed by the NIB, one of Australia’s largest travel insurance providers, Travel Insurance Saver brings you peace of mind on your travels. Compare three tiers of insurance cover, featuring benefits like 24 hour emergency assistance, emergency medical cover, luggage cover, cancellation cover and more.
- Limits shown apply
- per Person
- Covid medical cover
- true
- Covid cancellation cover
- true
- Overseas emergency hospital expense
- Unlimited
- Overseas emergency medical assistance
- Unlimited
- Maximum excess
- 250
- Cancellation fees
- $5,000 optional to increase to $Unlimited
- Pay extra for no excess
- Yes
- Luggage and personal effects
- $12,000
- Additional accomodation & travel
- Unlimited
- Emergency companion
- $20,000
- Resumption of journey
- $3,000
- Hospital cash allowance
- $8,000
- Accidental death
- $25,000
- Permanent disability
- $12,500
- Loss of income
- $10,000
- Credit Card fraud and replacement
- $3,000
- Travellers cheques
- $3,000
- Travel documents
- $3,000
- Rental vehicle excess
- $5,000
- Alternative travel expenses
- $2,000
- Personal liability
- $2,500,000
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
To see the Pre-existing Conditions and Activities covered by this policy please visit our detailed page about this product.
^See information about the Mozo Experts Choice Travel Insurance Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.