3 Ways to Save Money for Your Next Traveling Adventure
Traveling is one of the most amazing things you can ever do. However, it is not cheap. Even if you plan on backpacking in South East Asia, you are still going to need a fair bit of cash saved up, and that's after the flights. But how can you save up enough money to go traveling in the first place?
Every dollar you save means you'll be able to have an extra drink or a better place to stay or even extend your adventure longer. By scaling back what you spend on a day-to-day basis as well as making some extra money on the side, there are many ways you can save more money. So let's take a look at how.
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Your Expenses
Obviously, spending less is a great way to save more, but how? Take a look at your bank statement and see where all your monthly income goes. Think about what you need to live now and what you can scale back. Is it time you started shopping for your weekly groceries at budget supermarkets, making sandwiches for lunch, and possibly walking or riding your bike more? Another thing to consider is your automatic withdrawals.
Are there any that you can cancel right now, like that gym membership you never use? When you drill into your expenses, you will probably discover a lot of areas in which you can reduce your spending.
More reading:
- How To Fund Your Nomadic Lifestyle
- 7 Ideas To Save Money On Your Travels
- How to travel Europe on a budget
- Tips To Save You Money on Travel
- My simple digital budget and financial planner
Stop Tapping
Tapping your card willy-nilly is a surefire way to never have anything to save. Tapping can make it very difficult to work out exactly what you have spent day to day, week to week, and if you are not one for checking your bank, then you can easily spend more than you think. So, it may be a good idea to deactivate the tapping feature on your card. Or even withdraw all the money you want to spend that month and only use cash.
More reading
Side Hustle
Another way to help you save money is to get a second job or start a side hustle. A side hustle is an additional job alongside your day job. There are many ways to do this, and if you are thinking of saving a long time before your adventure begins, you will have more options open to you. You may even be able to continue while you are away.
A great way to make more money and save some is to start buying and selling online. There are many places where you can pick up bargains, such as thrift shops, yard sales, eBay, etc., and if you have any specialist knowledge, you will know precisely when you find a bargain and where to sell it. It is a look idea to start looking for the cheapest UPS rates so you can send the parcels as cheaply as possible. If you find you are good at this, you will also find a few bargains abroad too.
More reading:
- 7 Ideas To Save Money On Your Travels
- How To Fund Your Nomadic Lifestyle
- How To Prepare For A Year of Traveling at Home or Abroad
- My simple digital budget and financial planner
How about you? Have more ideas on how to save money for travel? Do tell!
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Thank you for this. I always love to save money when I can.
Yes the best way to save money is to watch spending. The credit card makes it easy to spend money.
These are great tips for saving for the next trip and I am so overdue for a getaway that it is crazy! Soon… I have to getaway soon! LOL
I already do these things. Of course we aren’t trying to travel yet so I guess even though we cut expenses we really aren’t saving anything right now.
Using cash helps me stay within a budget more easily because I’m able to see how much has been spent and how much is left.
These are all really great tips and ideas for saving money! I’m surely gonna keep this in mind!
I am all about that side hustle, making some money to save and a little to spend. I also only use cash when possible. It’s amazing how hard that is to do these days. Some places in my area do not take cash, so weird!
It would also be helpful if you set a daily spending limit on your cards as well so that you can mentally prepare yourself to not overspend but also if you accidentally lose a card it adds to a little bit of a safety net!
These are amazing tips for saving money when you travel. This is something that i think about when I am planning a trip to a vacation spot. Thanks for sharing this with us.
These are all great suggestions. Having a side hustle can really help you get extra income coming through.
As a frequent traveler, this ideas to save money are perfect for me
Great ideas. I love travelling and I am always trying to find new ways to find money for that!
Great tips! One way of saving for us is driving rather than flying. That is if you are just traveling within states.
These are such great ways to save money! I’ll try to follow all these tips 🙂
These are some wonderful ways how to save money for travelling!