Have you always wanted to travel the world but thought you had to be rich to do so? Are you worried about work, what if it doesn’t work out or are you just plain old petrified? All of these feelings are normal and I am here to assure you, that you definitely don’t have to be rich, to not worry about work and there is literally nothing to be scared about. So let’s get to my personal top tips on how to save money for your travels.
Whether you are wanting to travel for a year or just go on an epic holiday, these tips will work for both.
Be Financially More Aware
Many times, I’ve heard people “I am just not good with money and saving”. Well if I can do it, so can you. Before I went travelling to Australia for a year, I was earning around £700 a month whilst working in retail. It was a terrible salary but I got by with what I had and I could save money easily. Granted at the time, I was living at home which helped enormously in saving money but there were still things that I had to give up at the time. I asked myself, do I really need that new pair of jeans and do I need to go out every week? I cut back on non-essentials and instead of going out with my friends all the time, I used to invite them round to mine for a movie night etc. Nowadays, I have many more responsibilities like rent, bills & just being an adult in general, but that doesn’t mean I can’t save when I put my mind to it.
Myself and my husband work together as a great team at saving money and for instance, if we wanted to go on an epic holiday towards the end of the year (hopefully). we would start putting money away now. Even if you put away as little as £20.00 a month, granted this might take some time but it’s a start and you’d be surprised at some of the deals out there (when the world is back to some sort of normal). If you are thinking of more long term travel, then you should really be saving a lot more. Open a separate bank account (I use Monzo) for travels alone and add to it each month. You will soon see the pounds add up and you will be that one step closer to going on your dream trip.
Budget. Budget. Budget
I’m sure that I’m not alone in overspending from time to time right? Sometimes, I get to the end of the month and think where did all my money go? Start keeping track of your spending, create a spreadsheet and track how much you are spending per month and where you could cut back. I guarantee there is definitely something you can cut back on or go for less-expensive alternatives.
Sell Anything You Don’t Need
It’s time to make some extra cash and what better way than to sell some of your old stuff. Perhaps you have clothes you have never worn or you’re bored of – sell them. Head to Depop or eBay and sell your unwanted items. When I went travelling to Australia, I sold my car. As sad as I was, what was the point in keeping a car for a year that nobody would be driving and would loose value. That helped a lot with my travels.
The truth is, if you really want to travel, you will make it work for you. I wouldn’t advise on credit cards as this will just get worse in the long run. Save your money, sell unwanted items, budget and track your spending and you will be off on your travels in no time.