Honestly, a bit of both. My main goal with expenses is to always get the best price possible for accommodation, flights and other travel costs so we’re always shopping around. I love destinations such as South-East Asia and South America where you can live luxury for less, but also don’t mind living the hostel life and meeting other travellers.
I strongly believe that experiences are worth paying for over top-class accommodation and as our trips are short (between a few days to two weeks), we tend to budget more than we would multi-month shoestring travelling.