When planning a trip, gen z places considerable importance on their trip budget. Research has shown that Gen Z is willing to spend more money on travel than on anything else. However, almost all of them stated that budget is their primary concern when it comes to travel. This paper questioned whether Gen Z is indeed a budget conscious generation and how to they decide what to spend money on when traveling. More specifically, it investigated 5 main categories of expenditure (Transportation, Accommodation, Activities, F&B, Shopping) and what their spending preferences are among these five categories. The questionnaire was distributed to 102 Gen Z travelers in the age group between 18 and 26 years. It measured the levels of likeliness and agreement among 5 different factors. Results showed that Gen Z travelers are spending more money on transportation and accommodation that are considered a necessity. Gen Z travelers have stated that they do plan do change their spending preferences and focus more on experiences, different activities, and different cuisines.