Are your dreams of traveling the world being limited by money worries? Many people have hopes of trotting around the globe but get discouraged when they think of the potential cost. The good news is that traveling is more attainable than ever.
With the internet, you can do quick research to find some of the most affordable routes. Yet the first thing you need to do is save some money for your adventures.
Read on for 5 easy ways you can now save money for travel.
#1. Increase Your Income
To be able to save money for travel you should find ways to increase your income. The quickest way would be to get an online job or a side hustle that you can do during your free time. If you have a skill like graphic design, programming or writing, put it to good use by working online for people that require these services.
Check out freelancer.com, Fiverr and Upwork for available freelancing jobs. Other ways to increase your income could include taking part in the gig economy and setting up any spare room in your home for Airbnb rentals or using your car as an Uber taxi. All the extra money you earn should be channeled to your travel account.
#2. Reduce Your Expenses
The next best way to save money for travel is to reduce your expenses through simple and frugal living. Do an audit of your monthly spending and check the expenses you could easily cut or reduce.
Some easy ways you could reduce spending include carrying lunch, coffee, and snacks from home to reduce spending money on takeaway lunches and coffee. If you still have cable get it disconnected.
You should also stop any unnecessary habits like going out to eat often. The more important thing to focus on is making a budget and sticking to it.
#3. Sell Some Items
You can make some extra money for your travel account by selling items that you no longer need. These include electronics, video games, toys, jewelry, clothes, shoes, furniture, etc. Websites like Facebook, eBay and Craigslist are great for selling your old items.
Use the excess funds to see some great attractions during your travels.
#4. Reduce Car Usage
Your car is one of your biggest expenses. A lot of your monthly spending goes towards car insurance, maintenance, and fuel.
If you can manage with public transport, a bike and ride-sharing apps like Lyft, then selling your car would give you a lump sum to add to your travel account. The monthly savings from not owning a car could also be channeled towards your upcoming trips.
#5. Reduce Your Utility Bills
Reducing your usage of utilities could help you save money for travel. Switch off lights when you aren’t using them and take shorter showers to save on water.
You can also reduce your use of air conditioners and heaters by dressing warmer during colder months and opening windows during hotter months.
Make a Plan to Save Money for Travel
Lack of funds is no longer a valid excuse for not achieving your traveling dreams. Making a plan and committing to it can help you store funds away quicker than you think.
Use the 5 tips above to save money and you will soon be able to afford at least one of your bucket-list trips.
For more tips and advice, check out our blog.