There’s a popular myth floating around that travel is an expensive hobby. Certainly people who travel a lot must have rich parents, lucrative lottery winnings, or work high paying jobs… This is all untrue, and I’m here to share some useful tips about amazing ways you can use as a guide to save money for traveling.
Money management is a learned skill – but most of us don’t master the basics until we’re adults — if ever. You are making a significant long-term commitment that’s sometimes going to be really hard to stick to. Saving up enough money for travel, or anything for that matter is tough on the soul and demands sacrifice, which is why so few people succeed. The right mindset is everything! Hold yourself accountable and create priorities throughout your days.
Track your Spending
Put a day aside from your other daily tasks and go through all your accounts to find out EXACTLY what your finances look like, down to the dollar. Tracking expenses is an important part of learning where you can cut back, or even eliminate your spending.
Budget your trip
There are two types of budgeting you need to do here. The first is budgeting your trip. The second is budgeting your life. First, you need to work out how much your trip is going to cost you. If you know what you’re doing, your travel budget can be as low as $50 a day. The amount is going to vary wildly depending on where you want to travel, and how thrifty you are.
In short, if you want to start traveling more or save up for a specific trip, you need to create a budget. This will let you see where you can make cuts and where every penny you earn is being spent.
Cutting your daily expenses, being more frugal, and downgrading to a simpler way of living will allow you to save money for your trip around the world without having to find extra sources of income.
As always, we’re here to help. We have many different deals available, and will be able to help you prepare a trip that fits your needs. Give us a call today and Let’s Get Busy Livin’!