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How to save money to travel

 

  1. Cut back on the movie night outs and get a DVD with friends and family and enjoy at home.
  2. Try to prepare healthy meals more at home – saves the cost and you might get into more cooking and that will really help when travelling for long and guess what it will also help you make new friends as people love good food 😉
  3. Make sure that you check your wardrobe before going for shopping as most of the times you might already have enough clothes or other stuff that you might be thinking to buy. So better give the existing stuff a try.
  4. Subscriptions – So many times we subscribe for magazines or other things and pay for them month after month that we never even use. Try to find out if you are paying for something every month and not really using it as much. It’s better to buy it once or twice when you really want it then a monthly or weekly supply in that case.
  5. Party – Many of us love partying, but it is always possible to throw some economic ones where everyone can bring their own booze and something to share. More variety to share and no one has the burden to do a lot.
  6. Alcohol – This used to make a big hole in my pocket every time I used to go out as this used to deduct a good amount from my budget while travelling. Now it wouldn’t be the case as I quit drinking, but you can also save some money by making sure that you do not drink too much outside as it is far more expensive to drink in the pub or bar, even better if you can get your friends at home and buy from the wholesale shop as that’s cheaper as well. Dry July in Australia is also a good way to stop drinking for a month as it will immensely motivate you to save and then once you know how much you can save by not drinking, you might be tempted to do it more often.  Just keep a jar in the kitchen or a place where you can see it regularly and put the money in the jar whenever you think of drinking and label it a picture of your dream destination – mine is Greece 🙂
  7. Try to take a walk every now and then instead of warming your car every time you get out of house as this will do some good to you health wise and also will save you some bucks.
  8. Make a list of things that you do on regular basis – hobbies, outing with friends or family and try see the activities where you might be spending more money and see if you can reduce the frequency of those activities and replace them with less expensive activities. Example: Go outdoor rock-climbing than indoor that way you can save the cost for entry every time you go for rock climbing and will get more experience in the real world.
  9. Many times when we are free then we tend to spend more money without realizing at times so my advice would be to take upon some hobbies like hiking, cycling or running as this will give something to utilize your time and will be good for your health at the same time.
  10. Make new friends with the similar objectives to save money either for travelling or house or something else. As this will help you to get motivated and also you wouldn’t be forced to spend more money each time you go out.
  11. Many creative activities are not so expensive as writing, photography or painting etc. This way you can still live a fun life without getting bored and still saving for your travel.
  12. Make sure you are staying in reasonably priced place as this can be a big part of your weekly/monthly expenses whereas you need a place to sleep every night and relax really. I myself live in a place which is comfortable enough but not very expensive on the other side. At times I get tempted to get my own place but that means easily three times the expenses and when I travel I live in backpackers anyways so why spoil the habit way too much. So it is very important that you choose carefully where you live.
  13. Make sure your phone plan is according to your usage as sometimes we hardly use the credit we pay for or we get a plan for everything but we never even use much of it. This seems like small thing but we have number of such expenditure that accumulates into big money.
  14. Also because you are planning to travel so make sure you do not buy anything extra unnecessary that you might have to get rid of soon.  If you can cut back on any new expenses then do that. I have not bought even a single piece of furniture other than a single bed since I moved to Australia for last 2.5 years. No TV not evens a heater. People think I am rich but I would say that I am really good with savings as I have no support but myself to do all the things I have been done in my life since a very early age so I would give credit to my ability to save and know my priorities well.
  15. Use online banking often to see how much money have you got in your account and try not to use credit card too much as it makes you lose account of the money you owe very easily and next thing you know – you are in big debt and that becomes another reason not to be able to travel. Also if you do use credit card then sign up for rewards on credit cards.
  16. If you put your heart on travelling then it’s a good advice to be extremely cautious before taking any loan as that can restrict you with time and money both. Go for house loan only when you are sure you can rent it out for good amount of money when you go away and still pay the mortgage as that is one of the biggest reason people can’t travel many times. Once you are done travelling there will be plenty of opportunity to think about such long time commitments but till then it’s better to keep an eye on your ambitious plans about owning things.
  17. Make a list of things you might like to do before you travel and then prioritise them as many times there are things that make you happier and are less expensive to do so this will give you a clear picture as to what you might like to do to save money and still stay happy.
  18. Open a saving account and transfer some money to that account when you get your salary and forget about it as this will make sure that you are saving some money every month no matter what. And then either you can contribute to it more or take out from it in case of emergency.
  19. Take up another job if you can and also think of starting something new that can help you support while you are travelling. Example: online business, travel blog etc.
  20. Keep an eye on the flight deals for the various destinations. Also few airlines give cheap tickets on certain days of the week so better plan accordingly as it can easily make difference of 10% to 50% sometimes.
  21. See if you can do without the gym membership as sometimes a good gym can cost quite a bit. And if you are already doing hiking or running outside then you can keep some weights and few other things at home and make a mini gym to work out for no fee at all.
  22. Buying used stuff can sound not so good but at times it is worth considering for furniture and other stuff if you really need it. Also make sure you can differentiate between the things you may want and things that you need. As many times we have huge expenses over things that we want and not really need.
  23. Deals and coupons’ are a great way to save money. Since I have moved to Australia I myself have done so many things with some very good deals. And if you are flexible enough then you can get yourself a very good deal for the things you want to do or for food outlets.
  24. Sometimes we have so many things that we can use so go for a garage sale and try to get rid of the stuff you don’t need. This is a win-win as you make money and also get rid of extra stuff.
  25. Make a diary if you can with some pictures of various places you want to go in the front few pages and write down the inflow and outflow of money every month. You can do it with the online banking and see how much you are earning, how much you are saving and how much you are spending. Once you make this habit then you will start thinking in the direction of saving money and you will be able to come up with new ideas to save money as a way to go to these dream destinations. Think how much fun it would be to sit in one of the most beautiful locations in the world and think about all the smart thinking you put in all this planning that successfully got you there. It is worth doing I promise.
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14 comments on “How to save money to travel

  1. Reblogged this on Ghost Kingdom and commented:
    My wonderful 16-year old, now seeing the world as a whole, wants to go to Ireland because I’m adopted from an Irish family – The Black Donnelly’s of Lucan, Hawaii for no other reason that it’s beautiful, and now Rome and Istanbul so he can retrace the virtual parcourings of Assassin’s Creed. Boy, do I need your blog!

    • lol…true in a way…and I guess I have done it 😉 no wonder I am able to do so many things…and I don’t taking myself for a nice and expensive dinner or lunch …lol…but don’t say it loud otherwise will get beaten by many out there…hehehe

    • I m happy that you found it useful dear…yes it’s hard to set target around travelling when you have so many expenses otherwise 🙂 I am off to North this weekend to get some sunshine..will share my experience once I am back 🙂

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