9 Tips That Will Pay For Your Next Vacation
Having money to travel often means having to save money in other areas of life. A great trip that will create lasting memories can be a great motivator and reason to use some creative money saving strategies. This article from thetravelhack.com/ shows you ways to come up with the cash to afford a nice trip later in the year. The videos will add tips to your arsenal of money savingtips.
The no.1 reason people say they can’t travel as much as they’d like to is because they can’t afford it.
At first this seems like a valid reason. Travelling can be expensive and we all have bills to pay and mouths to feed and countless expenses that crop up when you least expect them.
But if you’re serious about wanting to travel more then I’ve got a few tips up my sleeve to help you save money to travel more.
I’m not going to suggest unrealistic tips like ‘stop going out’ or ‘run to work instead of taking the train’. Yes, this will save you a lot of money if you can stick to it but most people will quickly get bored and give up. And I’m not going to patronise you with tips like ‘use energy saving light bulbs’.
I’m going to give you tips to change the way you think. We all know that to save money you need to spend less but in reality it’s much harder than that. Saving money to travel is a lifestyle choice. You don’t need to stop enjoying your life or turn into Scrooge. You can save money to travel without missing out on nights out with your friends. You don’t need to stop socialising, you just need to be more aware of your spending habits.
1. Have a spending detox
OK, maybe I am going to tell you to stop going out and stop drinking but only for a set amount of time…
Before you go on a diet you might go on a detox. It helps to kick-start your new healthy routine and after a week of eating nothing but vegetables you suddenly REALLY appreciate carbs. When you appreciate something it feels more like a treat so you don’t take it for granted and you don’t eat too much.
The exact same thing happens with spending detoxes.
Don’t spend anything and you’ll suddenly really appreciate having a tenner to blow.
Set yourself a challenge to go a week or a fortnight or even a month without spending any money. Nothing.
Obviously you’re going to have to pay your rent, your transport costs to get to work and the absolute bare minimum on food but you can’t spend anything else.
This will make you more conscious about your spending habits and make you realise where and why you were wasting money.
So many people spend money absent-mindedly. You might pop into the corner shop for a carrot and you come out with a bottle of wine, a magazine, a chocolate bar and a scratch card and you’ve suddenly spent £20. OK, that’s not going to bankrupt you but if you do it twice a week it’s going to add up.
I had an unintentional spending detox when I first moved to London. I was on an intern’s wage, which just about covered my bills, food and monthly railcard. After I’d paid for the essentials I literally had nothing left over.
I soon had a pay rise but by this point I was very conscious about spending money and didn’t waste a penny.
If you’re thinking about taking a spending detox and need some inspiration, take a look at Buy Nothing Year, an experiment on not buying shit. Roommates, Geoffrey and Julie, embarked on a one-year buy nothing challenge and they saved over $55,000. Their blog is actually a bit boring but this feature about them in Forbes is definitely worth a read!
2. Think about yearly expenses
Stop thinking about day-to-day expenses and think about yearly expenses. Buying a bottle of water every day is only £1.00. You probably have £1.00 in your pocket right now and that’s why it’s so easy to spend. But if you buy a bottle of water every single day for a year, that’s £365 and £365 is a lot of money!
I used to have a terrible Starbucks addiction, mainly because there was a Starbucks stand on my platform at the train station and I just couldn’t walk past it. Five days a week I was buying a latte for £2.25. That’s still only £11.25 per week but that’s well over £500 in a year. £500 is a hell of a lot of money.
3. What could this money buy me?
Now you’ve started thinking about the yearly expense of your little spending habits, start thinking about what all these little things could buy you.
If my Starbucks habit cost me £500 per year, £500 could pay for a lot of travel! That could be my flight money for more than 5 European weekends away. It could be an entire week in the sun. It’s a one-way flight to Australia.
My coffee habit suddenly becomes countless possibilities and it’s much easier to say no to a skinny latte when I think of it like this.
4. Set your saving goal and then only use cash
Work out how much disposable income you have each month and how much of this you’re going to save. Put this amount into a savings account that you can’t easily withdraw from.
You’ll then be left with x-amount to spend each month. Take this amount out in cash so you can physically see how much you have. You spend less when it feels like real money rather than a piece of plastic. You’ll also see your spending money dwindle away and once it’s gone, it’s gone!
To see 5 more ways to save visit the source article at: thetravelhack.com