Traveling can be expensive, so we need to save a lot before leaving for an extended trip. If you intend to travel in the near future or are planning to have a vacation any time soon, you will have to plan ahead. Here is an easy and quick plan to save money for your dream vacation.
STAY COMITTED TO YOUR DREAM
The first tip to save up for your dream vacation is to keep reminding yourself about it. Once you have your vision, your saving will come naturally.
• Reduce the expenditures
• Earn some extra bucks
• Be a minimalist
• Simplify your life
ASSESS YOUR EXPENDITURES
If you want to assess your daily or monthly expenditure, it’s better to make a spreadsheet and add special columns along with others. Carefully write your needs and wants and slowly eliminate the wants. In this way, you can save from your regular income.
DEDICATE AS MUCH MONEY AS YOU CAN FOR TRAVEL
Create an account or folder dedicated for traveling, and make sure to reserve some funds to transfer into your travel account. Don’t wait for a lot of money to transfer, because even if you have an extra $5 it will add up. I find it very helpful to take out money from my bank account and leave the cash in a designated travel folder – “Out of sight, out of mind!”
NO MORE COFFEE DRINKS
For many, coffee is a must in order to be productive. However, buying it from fancy outlets and coffee shops is pricy. If you are having ultra mocha grande for $5, you can save $3 if you switch to drip coffee. You can save more than $1000 in a year. You can also switch your energy intake to fresh fruits with natural sugars.
CUT ON EATING OUT
Eating out is expensive, and some restaurants are so expensive that it might cost you a fortune to have a meal there. You can cook delicious food at home and comfortably by buying your weekly grocery for less than $50. Go for unprocessed foods like beans, rice, pasta, chicken, vegetables, and fruits. They are healthy and cheap, and each meal could be reused if you make enough.
REDUCE YOUR CAR USAGE
If you are living in a bigger city, living without a car is quite impossible. However, you can always reduce the usage by not taking out your vehicle for nearby places and going on foot or enjoying a bicycle ride. You can also opt for public transport as fuel is pretty expensive nowadays and costs a significant part of the income.
CUT ON UTILITY BILLS
We know we can always cut out on the utility bills by being a little vigilant and thoughtful. Turn off the lights when you are not using them and use the minimum amount of water for daily chores. Conserve energy to have fewer utility bills and add the saved amount to your travel account.
There are numerous ways to save up for your next traveling plan. All you have to do is reduce your wants and focus only on the need. With a little brainstorming and self discipline, you will reach your travel goal in no time!
MAKE MONEY WHILE TRAVELING: Want to make money while away? Check out how you can make money while you are on the road.
FOUR TIPS FOR AN INCREDIBLY CHEAP VACATION: Here are four tips for you to budget while on you’re on the road.