Travel is, by and large, not a cost effective hobby. If you're keen to see the world, the chances are good you'll be using your equity release schemes or even your savings to fund your journey. While there's no getting around the fact that your trip is going to cost you a fair amount of money, there are ways and means by which to make travel more affordable.
To begin with, you want to make sure that you book your flight well in advance. Invariably, late bookings are more expensive, and so leaving it until the last minute to secure your flight will inevitably lead to you spending more cash than is strictly necessary.
The same rule applies to accommodation. Especially if you are headed to a touristy hot-spot, you will find that affordable rooms fill up very quickly. In order to avoid being left with the choice of very expensive or very Spartan accommodation, it's a good idea to get in touch with your hotel as soon as is possible.
Alternatively, you might want to consider booking a package deal. This kind of special offer unites the cost of flights and accommodation, and the result is often far more cost-effective than paying for these things separately.
In short, if you are keen to minimise your budget and maximise value for money whilst travelling, it is a good idea to get yourself organised well before you are due to leave. This means securing flights and accommodation well in advance, and investigating package deals.