How to Save Money to Travel

If you wish that you could spend more time travelling and less time in your home city, there are a few tips listed below which can help you turn your dream into a reality.

How to Save Money to Travel:

Pick up a lucrative side hustle:

Instead of limiting your income to the income which you earn from your primary job or business, you’ll be able to save for more money for your upcoming vacations, if you pick up a side hustle. The key is to select a side business which makes the best possible use out of your unique skills.

As an example, if you own a professional camera and enjoy taking photos, you may want to start a freelance photography business. Alternatively if you have a knack for gaining likes and followers on social media, you may want to work as a freelance social media manager. While if you love animals, you may want to work as a pet sitter.

Sell your unwanted items online:

If there are items in your home which you never use such as a treadmill which you use to hang your clothes on or shoes which are too uncomfortable to wear, it’s well worth auctioning them off online. In order to turn your junk into money, which you can save towards your next vacation.

Mend your clothes instead of throwing them out:

If you’re the type of person who throws out your jeans, when they develop a small hole, you’ll be able to save money towards your travels, by getting into the habit of mending your clothes.

Purchase high quality items which will stand the test of time:

When you do have to purchase new items such as furniture or clothes, opt to purchase high quality items, which will stand the test of time. As in the long run, you’ll be able to save more money for travel, if you’re not constantly replacing the items in your home.

Enjoy one meal out per week:

Instead of eating at cafes, restaurants and takeaway restaurants multiple times per week, it’s a far smarter idea to enjoy one meal out a week. Which will still allow you to enjoy a social meal with friends and family members each week. However, by cutting down on the times which you eat out, you’ll be able to save hundreds of dollars per month, towards your next vacations.

Save your travel funds in a high interest bank account:

In order to earn as much interest on the funds in your travel account, it’s important to save your travel funds in a high interest bank account. If it’s been a long time since you’ve compared your bank’s interest rates, to their competitors’ interest rates, it’s well worth asking for quotes from their rivals. As when it comes to saving for trips, every dollar counts. Especially when it comes to compound interest!

So what are you waiting for? The sooner that you start implementing the tips which are listed above, the sooner you’ll be able to purchase your next plane ticket to a far flung exotic destination!