Of course traveling is expensive and typically you never think that you’ll end up spending as much as you do. Time and time again it seems that we all go way over our budget when planning and executing vacations.
I think the hardest part is figuring out how much money that you need to save. Because like I said earlier… you never think it’s going to be a lot until it’s too late. I would say to always save more than you think that you need. A savings plan is always beneficial for any life scenario but it’s especially useful for travelers. Saving before your trip allows for you to take bits and pieces of money and stock it away for safe keeping and still be able to pay your bills. I think saving for a trip is exciting, it gives you something to look forward to and it’s extremely rewarding saving your own money and buying your own trip from it.
There are typically 5 basic steps for this article that readers need to take away..
- Setting Goals
- Creating a Plan
- Monitoring and Reassessment
Assessment is key because you need to be realistic. Can you actually afford this or are your dreams a little to big? To make things easier you can look over your income and start a budget. Use an excel spreadsheet. Write it in your journal or on a piece of paper for the month. Budget out what you need like food, rent, your car payment, etc. Then of course budget out things like a night out with friends or a new shirt. Dine in, trust me it is cheaper. But set a specific number amount so you can’t go over it. Then what is ever left put it in your savings account. To make it even better start a savings account where you can’t touch the money unless you physically go into the bank. That was my biggest problem when trying to save, I would dig into it here and there because it was so easy to go online and transfer it to my checking account.
You guys might think this is crazy but starting a change jar will end up surprising you. I know there is some loose change in your pockets or cup holders or in the dryer.. put them in the jar. It doesn’t look like it’s a lot of money but over time, it adds up significantly. Find a local second hand store near you that lets you sell your items for money. Donate blood or plasma. Get a side job for the weekends. Create a Go-Fund me account. The possibilities are endless. It will take time but if you start early enough and plan ahead it won’t seem like it’s that long. But if you wait last minutes to book a trip coming up with the money quickly will be difficult.
Creating a plan and sticking to it is what will be the most helpful for saving money for your trip. If you create a plan, sticking to it is the easy part. After the first couple months it becomes a habit. If you love to travel you will find a way to save, no matter what it takes. It’s hard but in the end… it’s worth it.