Travelling around the world is one of the most rewarding things you can do. Seeing every corner of the world with its natural wonders like ancient sites, and enjoying local cuisine is something almost everyone enjoys. Unfortunately, travelling can be extremely expensive – flights and hotels especially. However, if you plan out your budget far enough in advance, you can save enough in order to be able to travel as much as you want. Following these tips could allow you to save enough money to be able to see the world and explore – start saving today and you could be on a flight sooner than you think!
Cook Your Own Meals
One of the biggest reasons why we waste our money is on endless takeaways and restaurant visits. It is estimated that the average person spends over £4000 on eating out. That could buy a long-haul return flight and accommodation. If you really want to save money to go travelling, start cooking all of your meals at home. This is one of the best ways you can save a lot of money over the course of a year, and it could massively contribute to your travel fund.
Sell Unwanted Items On Online Marketplaces
If you have lots of unwanted and unused items lying around your home, you might want to sell them on online marketplaces. This is a great way to get some quick cash for your unwanted items. Home appliances, furniture, toys, books and clothes are all quickly bought online – apps such as Vinted and Depop are notorious for having lots of users and sellers. Organise your home and get rid of everything you don’t use – and deposit the cash immediately into your travel fund.
Shop Around By Using Price Comparison Tools
You could be getting ripped off for the essential goods and services that you buy every month. For example, things such as toiletries, gym memberships, life insurance policies all have competitive pricing. By shopping around and using online price comparison tools, you can find where the best deals are. By not shopping around, you could be losing out on a lot of money, as you could be saving the difference on the money you save. Over the course of a year, this could add up massively.
Get A Side Hustle
Side hustles are one of the best ways that you can put money aside in order to go travelling. Changing your spending habits is very important, but it is always helpful to have a secondary source of income. There are many ways you can get a side hustle that will help you save money. For example, you could do freelance writing or designing online for cash – by putting this into your savings you will be able to watch the number rise massively. You could also sell your arts and crafts on websites such as Etsy for another way to make money for travelling.
Do Paid Online Surveys
One of the best ways people make money on the internet is by completing online surveys. There are many companies who create apps and websites which allow people to complete market research surveys in exchange for vouchers and cash. If you don’t mind inputting some personal information, you could make a lot of money in exchange for very little work. You could answer the surveys from anywhere, as long as you have your phone – while commuting, or even at the gym! This is a great way to make a bit of extra money to deposit into your travel fund.
Challenge Yourself
Many people find it helpful to give themselves a challenge in order to save more money. For example, some people challenge themselves to ‘no-spend weekends.’ This would involve only spending money on essentials such as rent, food, bills. However, you are not allowed to spend money on unessentials like going to the cinema and eating out. Another good idea for a challenge is to save an amount of money everyday. For example, some people save £1 on day 1, £2 on day 2, and so on. You can quickly save a good amount of money doing challenges like this, and its a fun way to change your spending habits!
Find Free Ways To Enjoy Yourself
You don’t have to spend a lot of money in order to have a good time. There are many ways in which you can hang out with friends and have fun without needing to spend money. For example, look for nature spots in your area like parks, forests, beaches and natural walks. Walking around these natural areas can make a fun and interesting day out. You could also cook at home for eachother and have pot-luck dinners. Finding ways to have fun for free can be an eye-opener, and change your mind on how much you spend!
Work Around The World
One of the best ways travellers can fund their lifestyles and see the world is to work their way around the world. This is one of the best ways you can have income while still exploring all of your favourite places. First of all, work-from-home jobs can be a great way that you can work whilst exploring, offering you flexibility. You can also apply to work abroad schemes which will find you work in foreign countries, allowing you to work your way around the world. This is the way many travellers manage to see everything they want to.
Track Your Spending With An App
Apps are great for tracking your spending and allowing you to save. For example, many apps automatically save money for you by using an algorithm in order to calculate how much money you can save. It can put a set amount aside of money for you every so often and allow you to build your savings steadily. There are many apps that can provide you with expert financial advice that can allow you to build up your travel fund. Using an app to save can be one of the best ways to save a lot of money so you can go travelling.
Settle Your Debts
Before you start saving for your travel fund, you should settle your debts. If you’ve got outstanding significant debts, you aren’t in a position to spend a lot of money travelling. Clearly go through all of your outstanding debts and make a clear plan about how you’re going to pay it all off. If you have many debts, you may want to consider getting IVA advice in order to consolidate your debts and settle them. Once your debts have been settled, you can then start saving for your travel fund.