My top 17 ways to save money for travel! If you think you need some helpful tips to save money, read my post below. I promise you it will help you!
What you need to do first, is write down all your expenses. Expenses including your rent or mortgage, groceries, the internet bill, power bill, utility bills, petrol, transport, mobile phone, student loans, insurance…anything that you HAVE to pay straight away out of your wages. Then that will give you an idea of how much you have left and how much money you can save for travel.
Work out the numbers
Sit down and work out where you want to go and for how long. Enquire about or look up airfares, hotels and transport to get an idea of how much you will need for your entire trip. Don’t forget to work in some money for food, shopping and sightseeing attractions.
Great, so now that you have an idea of how much you will need, work out when you want to go. If let’s say you are wanting to go in a year, and say you need $5000 for your trip, then monthly you should be saving $416 or $104 per week. In particular, it’s a good idea to set up automatic payment for that money to go into your savings account.
Here Are 17 Ways To Help You Save Money For Travel
Open up a savings account where you can’t touch it
This is the first thing that I did. I opened up a savings account at a different bank than my normal every day account bank. I specifically asked the bank not to give me a bank card for this savings account either. That way it wouldn’t be so easy to sneak money out of it.
Stop buying coffees daily
Now, I love a coffee from the local café as much as anyone does, but if you stop and think about it, a coffee costs around $4.50. So if you are buying a coffee say 5 days a week, that equates to $1170 a year. That is a return ticket somewhere! I have friends who buy two and even three coffees at day from a café during their working week. That’s crazy!
Make your lunch at home
By making your lunch at home to take to work, you will save at least $10 to $15 a day. Now that’s quite a lot! Plan your work lunches ahead of time and make them the night before. Left overs from your previous nights dinner make a great lunch!
Leave your bank card at home
If you do decide to go out for dinner with your friends every now and again for a treat, you should only take cash with you. Leave your bank card at home. That way, once the cash is gone, you can’t just whip out your card to buy another drink!
Buy a money box
Buy yourself a money box and put all your loose change in there. You’ll be surprised at how much it amounts to over a year!
Travel off season
Summer time is when tourist destinations make all their money. Think about travelling off season when airfares, hotels and attractions are cheaper.
Cancel the gym membership
There are plenty of work outs you can do at home as well as going for runs or exercising at a park. So it could be a good idea to cancel the gym membership until after you come back from your holiday.
Think of a side hustle job
People are always listing odd jobs they need done like walking dogs, gardening, babysitting, Uber driving, work as a virtual assistant, to name a few. These types of jobs won’t take up too much of your spare time so why not look into it. Just make sure you transfer your side hustle money to your savings account straight away.
Put splurge money away
On your pay day from your normal job, make sure to put some splurge money away for your self. Give yourself say $40 or so dollars (it can be less☺) a week to spend on buying make up or clothes etc. Just so you don’t feel like you are missing out on any fun. Also, don’t forget to transfer your holiday savings into your other account.
Buy in bulk
When doing your grocery shopping, it’s a good idea to buy certain things in bulk packets. Foods such as rice, buying a 5kg bag of rice usually works out cheaper than buying 5 of the 1kg packs. This can be done with meat packs, sugar, flour, shampoo…I’m sure you get it. Buy your vegetables and fruit at vege markets in the weekends, they are a lot cheaper.
Sell your stuff
Spend a weekend looking around your house and seeing if there’s anything you don’t use or any clothes you don’t wear anymore and sell them. Sell your items on Ebay or Facebook Marketplace or other similar platforms. There’s no point them hanging around the house if you aren’t using them anyway. And you’re actually doing two jobs in one…making money and spring cleaning!
Think before you buy
If you have seen an item of clothing or some fancy new shoes or a gadget, don’t buy it straight away. Instead, have a think about it over a few days or even a couple of weeks. I do this myself all the time as I found I was just buying things for the sake of it. Quite often, you will realize that you don’t actually need those shoes as you already have 22 other pairs at home. It’s a want, not a need. Make sure you don’t buy anything on impulse.
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Learn to cook
Stop buying take out food every night and learn to cook. It’s much cheaper to eat at home. You might even enjoy it! I love trying new recipes! There are plenty of guides on YouTube as well as online. Or you could take turns with your friends having pot luck dinners at each others homes. You all cook one thing then sit and eat together, which would feel like you are out at a restaurant in a way. As a result, you save money and learn something new at the same time!
Instead of going to the movies with your friends, invite them over. Get a couple of bags of popcorn and watch Netflix. Much cheaper than going out and still lots of fun, if not more!
Ask for extra hours at work, especially the public holidays. You will get paid time and a half or in some cases even double. That will definitely help you save money for travel! Just don’t over work yourself!
Ditch the nail salon
I know going to the nail salon every 3 weeks makes you feel amazing but at $50 a pop to get your nails done is a bit steep when you are trying to save for your trip. Instead, learn how to do your own nails, there are lots of videos on YouTube. Buy a manicure and some nail polish and do your nails at home, it’s much cheaper!
Before you know it, you will have saved quite a bit!
See, it’s actually not that hard to save money for travel. You will be amazed to see how much you can save in a year!
If you would like to know my tips on how to avoid jet lag, read my post here https://travelwellingtonwithme.com/tip-on-how-to-avoid-jet-lag/
Do you have your own money saving tips? Comment below and let us know them!