The world has certainly become a smaller place and traveling to far corners of the globe on business or vacation is fast becoming commonplace. If you’d like to jump onto the traveling bandwagon but are worried about not having the budget for it, here are few tips for having a great holiday while still managing to not break your bank balance. Major traveling expenditures include airfares, car rentals and hotel stay. Take a look at some of the ways you could save money in each of the three categories. Saving Money on Airfare Avoid traveling during the holiday season when fares are most expensive and many flights are blacked-out even for frequent fliers. The earlier you book your air tickets the higher the chances of finding the lowest airfare. The internet is the best place to look for low fares and special deals offered by different airlines to various destinations. Keeping your travel dates flexible increases your chances of finding the best deal possible. Saving Money on Hotel Stay Book your hotel s soon as you’ve finalized your travel plans. Cheaper hotel rooms tend to get sold off earliest. However do compare package deals of various hotels as well as the facilities that are included. You may find that a cheaper hotel may not offer you money-saving extras such as airport transfers, room amenities and meals or at the very least breakfast. Avoid booking hotels that are located in the heart of the city- they will almost certainly charge you a high premium for the convenience. Saving Money on Car Rentals Book the smallest sized car that you would need for your stay. Larger sized cars have higher hire charges and guzzle more gas. Compare rental rates online and book your car as much in advance as possible to get the best deal. Compare daily rates as well as weekly rates. Avoid booking a rental car at the airport. They charge exorbitant rates and add huge surcharges. Take a look at some of the travel package deals offered on the internet. You could save a bundle by booking one that includes airfare, hotel stay and car rental.