Travelling can broaden the mind and provide endless adventures and stories to tell your grandchildren. All these adventures come at a high price, though, because traveling – even on a tight budget – is never cheap.
In fact, the eye-watering cost of traveling is what puts most people off it. When there is so much else to pay for – from your house, car, food, social life, and any pets – it is difficult to find the necessary cash to pay for your time abroad.
Indeed, if you hope to be away for an extended period of time, you may even jeopardize your job, which is likely your sole source of income. Therefore, you either curtail your trip or risk being unemployed by the time you come home.
Having said this, many people go traveling because if you save your money wisely enough, you will be able to afford the adventures you crave.
Here are five steps to help you save for travelling:
Find better deals for your regular payments
If you want to save money for traveling, then you need to be shrewd with your regular payments. Losing hundreds of pounds every month through small, regular payments is scarily easy, especially if you don’t keep a close eye on contracts.
These payments could include phone bills, streaming service accounts, and car insurance. Therefore, shop around for cheaper contracts, such as when you look for car insurance quotes in Colorado Springs.
Put a little money aside every month, without fail
Saving money is more about consistency than dumping big lumps of cash into a savings account every now and then. You would be amazed how quickly small savings can add up over the course of a year, so ensure you are putting aside a little money every month without fail.
Start with an amount that you know you can afford to put away, even when times are tough. Therefore, you will always be in the habit of saving for your trip, and you will achieve your target in no time.
Get into the habit of paying yourself first
Following on from the previous point, you should get into the habit of paying yourself first.
This means taking the money you want to save to travel out of your pay packet before worrying about your usual overhead payments.
It might sound inconsequential, but this method guarantees you will have the necessary money to save, rather than spending it all on utility bills and food shopping.
Start a side hustle
Of course, the more money you earn, the more you can save. If you don’t see a promotion on the cards in the near future, then you could think outside the box by starting a side hustle.
This side hustle could be anything, but it is worth using a skill or talent that others may find useful.
For example, if you are good with Photoshop, you could offer to create movie posters or business logos, or if you like baking, you could create a cake delivery service.
Work while you travel
If you can’t see yourself saving enough money to pay for your whole trip, then you could try to work as you travel.
With the rise of remote working, more and more jobs allow you to work via your laptop. If this is possible for you, it could dramatically reduce the burden on your saving and actually allow you to profit while you explore new places.