Ah, money. You love it when you have it, and hate it when you don’t. Simple as that. As someone who has struggled with the idea of having money and making money for most my life (I am working on it…) I know that traveling and money do go hand in hand. The more you have, the less stress you will have on your trip. It is just one less thing to worry about. I’ve also been in grad school for the last 2 years, and finally just finished in August. HALLELUJAH AMEN! But because of this glorious thing I did – going back to school in my late 20s – I have been on a serious budget while saving for my travels. Below are a few things I’ve done to save for my next trip. I swear, it works!
Set a Budget
Every month I estimate how much my bills will be, then give myself a budget for groceries and other things. Because I only give myself a set amount of money to do other things with, I often have to make decisions like, should I buy some new makeup or should I go and visit another city? Should I buy a coffee every morning or should I go out for dinner with my friends? Having a budget actually helps you realize the things that you value, and makes it easier to start saying yes or no to things.
Make a Plan
Having a somewhat structured plan for your travel can be a real lifesaver. And money saver! I worked out how much I can save each month and added it all together. When you actually see how much you have the potential to save, you are so much less likely to fritter your money away on things that you don’t really need.
Sell Yo’ Stuff
If you are anything like me, then you probably have a lot of “things” laying around that you don’t use or need. Think clothes and household items you never use. If you like it but don’t use it, you can actually make a pretty penny selling it on eBay or other similar sites. You are not going to care whether those things are hanging in your wardrobe when you are gallivanting around the globe… and you’re certainly not going to want them in your backpack weighing you down!
Drink and Eat at home
This was one thing that has saved me tons of money. I stopped eating and drinking out so much, and it is amazing how much you can save.This is a pretty difficult one for some people, but it is one of the most effective ways to save money for travel. Big nights out can easily cost you $25-$100. Every night! That is a huge waste of money for times you may not even remember. Start buying a bottle of wine, and sharing it with friends at home. You will feel a lot better in the morning
Make a Vision Board
Where do you want to go and why are you doing all these crazy things to save? Remind yourself of these little things every single day before your trip. If that means a year, than that means a year. You could change your phone or computer. Something that you will see every day to help you stay motivated, and remind yourself why you are scrimping and saving for that next trip. It’s worth it, I swear!
Think about doing one or all of the above to save the money you need for your next getaway!
PS: Have you seen my lists to organize your travels? My budget worksheet in The Forgetful Traveler has been instrumental in organizing and budgeting for my travels. I promise you, you will never go back once you get organized for your travels.