Time & MoneyTravelWork From Home

Saving Up for Travel: 4 Simple but Effective Tricks You Can Use

By 5th August 2016 No Comments

Many people love to travel, but not everyone gets to go on overseas vacations and have their dream adventures. There are many reasons for this, but one of the most common is that people don’t have enough money to fund their travel plans.

But the question is this: should you let your lack of finances stop you from making your dreams come true? The answer is “No”. A lot of avid travelers aren’t rich, yet they find ways to gather the money they need to visit the places they want to go. If you really want to travel, you can follow their example and take the right steps to save up for your overseas adventures. Here are some of the things you can do:

Create a specific savings account

If you want to save up for your trips, you’ll need to have a safe place where you can keep your travel funds. A dedicated savings account is the best solution to this: it separates your travel money from the rest of your earnings, which means it’s harder for you to get your hands on it and spend it on a shopping spree. You can even pair the account with automatic transfers to allow your bank to automatically move a certain amount from your salary account to your travel savings account. It’s a great way to save without feeling the pain!

Get rid of unnecessary expenses

People claim they don’t have enough money to travel, yet they have the cash to spend on gourmet coffee, pricey shoes, and sky-high bar tabs. If you’re one of these folks, you have to realize that the money you spend on unnecessary things would have been enough to fund your trips. Fortunately, it’s not yet too late; as soon as possible, go through your expenses and see which ones are truly important (i.e. rent, groceries, utility bills) and which ones aren’t. Avoid spending on the non-important things, put the money you would have spent on them in your travel savings account, and watch your savings grow! The sacrifice is worth it since you’ll eventually be going on that Mediterranean cruise or exploring the beautiful beaches in Bali.

Sell things you no longer want

Do you have stuff that’s just lying around without being used? If you do, you can sell them and add the profits to your travel funds! It can be time-intensive, but it’s time well-spent since you’ll be hitting two birds with one stone: raising more money for your trips and clearing clutter from your home. You can sell your unwanted stuff online (either through eBay or Craigslist) or by hosting a garage sale.

Create another stream of income

One of the sure-fire ways to raise money for travel is to increase your income. For example, you can get a second job or use your marketable skills to get freelance projects. Better yet, why not start a business on the side? Running a venture can be challenging but, if you manage it properly, you can make it grow and eventually have an excellent source of income. If your business takes off, you can even quit your nine-to-five job and work on your venture full-time, which will leave you with lots of time to travel.

Don’t have much entrepreneurial experience? Don’t worry since you can always get the help of a business mentor like me, Paul Barradell. I’ve helped many people start their own business and, as a huge fan of travel, I encourage my mentees to include it in their schedule. Get in touch with me to know how I can help you!