But the good news is that being a few years older translates into having a world of possibility for saving money on traveling without cutting corners on quality or experience. Whether you've retired recently or simply want to travel more often, budget travel doesn't have to mean skimping on comfort or experience.

From senior-only tour groups to age-based discounts and traveling in shoulder season, there are some great strategies that allow you to get more dollars and see more.

Join Senior-Specific Travel Groups

Senior-only travel groups can be a godsend if you're after affordable, social, and well-planned travel. Senior tours are created with mature travelers in mind, so the pace tends to be more leisurely, the itineraries considered, and there's likely to be built-in companionship.

Companies such as Road Scholar, ElderTreks, and Overseas Adventure Travel (O.A.T.) offer small group tours that are specifically designed for 50+ travelers. They typically offer transportation, accommodations, most meals, and a guide, all in one fee. Not only is that one-stop shopping, but it is also less expensive than reserving each component individually.

Plus, you're going with others at the same life stage, so it's simpler to connect and have a shared experience. Without a travel companion, these groups can also rescue you from the dreaded single supplement by offering roommate matching.

Take Advantage of Age-Based Discounts

Once you're past 55, you begin to become eligible for different discounts—if you know where to find them. The majority of travel agencies, airlines, hotels, and even mass transit systems provide special discounts to seniors.

For instance:

Amtrak provides 10% discount on most rail tickets for passengers 65 and above.

British Airways, United, and a few other airlines sometimes offer senior fares—although you may need to call to get them.

National Parks in America provide a permanent Senior Pass for only $80, which includes admission for you and your friends in your vehicle.

Hotel chains like Marriott, Choice Hotels, and Best Western usually provide senior discounts—just check the 'special rates' box when you are making your reservation online.

The secret? Always ask. Even if they don't advertise it, most will give you a senior discount if you ask.

One of the greatest benefits of having an age over 55 is probably having more freedom—particularly if you're retired or work from home. This puts you at a big advantage when it comes to planning your travels for optimal value.

One of the best ways to save and avoid the crowds is to visit during the shoulder season (immediately before or after the peak season). Attempt May or Sept in Europe or late Oct in the tropics. Flights, accommodations, and tours are less expensive, and you'll enjoy a less hectic, more real experience.

Additionally, as temperatures tend to be less extreme and sites less busy, you will be able to have your vacation without the hassle of high season mayhem.

Bonus Stretching Your Travel Budget Tips

Use travel points and rewards: Enroll in a travel rewards credit card or frequent flyer program. You'll be amazed at how quickly those points accumulate. Pack light: Avoid checked bag fees by learning the art of packing light. Packing cubes, anyone? Choose extended stays: Spending a week or longer in a location can qualify you for rental discounts and lower your transportation expenses. Eat like a local: Avoid tourist restaurants and eat at local cafes or street food stands--it's more local and far less expensive. Enjoy More, Spend Less: Why 55+ Is the Perfect Time to Travel Smart Just because you're a budget traveler doesn't mean your experiences have to be limited. By some planning and smart use of age-related perks, your 55+ years can be the perfect time to enjoy the world more fully and cheaply. Whether walking through ancient cities, basking on a remote beach, or joining a tour with other like-minded travelers, the world awaits as wide as your imagination.