It can be really hard to save money when we all have so many things we need to pay for. Keeping a fund going so that you can see and do everything you plan takes a whole lot of sacrifice. I have compiled a list of the best ways to save money for traveling that Brandon and I practice everyday. You will ideally need to prioritize your life and depending on your financial situation you may need to cut back on material things. Here are a few of my tips and advice to help you, so you can get out there and start exploring.
1. open up a separate bank account
Open up a new bank account to help you save money. Here are a few reasons why I recommend this. For one, you will have a card especially for your travel money so you can still save separately for your family or future. You can easily differentiate how much you have to spend on your next getaway. It is painful to watch your savings drop a couple thousand every few months from all your hard work. This can discourage you, but travel is an investment in your life and your wellbeing. You should not feel this way. Creating a separate account that you put a set amount of money in weekly or monthly helps ease that. As a piggy back to this recommendation, open up a credit card and hotel rewards card so you can receive miles and free rooms.
2. try 365 days of saving
Pick out a large jar to start saving with. Put the jar in a kitchen cabinet or in your closet or nightstand and in view so you know it is there. Starting on January 1st (or whatever start date you choose) put in one dollar. On week 2 put in 2 dollars. You can continue to increase this until you reach the last day of 52 weeks. If you can not afford to start at 1 dollar, try starting with just a penny and increase it from there (weekly). To add to this, you can have a weekly board game night where the loser has to put a dollar into the jar. If anyone in the house swears than you can also make them put a quarter or a dollar into the jar. You can have fun with this and come up with your own games.
3. eat out less
You can save loads of money by cooking at home. Brandon and I love to go out because we both don’t really want to cook, but when we need to save money that’s the first to go. We usually decide to go out once a week and the rest of the time we have to make something at home. We save over $300 dollars every other week by doing this. Believe it or not, peanut butter and jelly sandwiches and canned soup go a really long way if you don’t want to really cook.
4. cut out unnecessary buys
Instead of buying a new dishwasher, try fixing whatever you already have. American no longer makes long term investments in what they buy. The quickest fix is to throw out what is broken and buy it new. Try to fix it yourself first, youtube is amazing and you’ll be surprised at what you can do yourself. If you can not fix whatever it is yourself, then try to hire someone. Usually whoever you are hiring is going to be cheaper than buying an entire new dishwasher, and if it isn’t? Buy the dishwasher, but shop around first.
5. make your money go a long way
When you decide on a destination and you have the money you want to spend ready, be smart. Shop around using different sites like cheap-O air, expedia, travelovity, hotels.com and more. Some of their prices will be relatively equal, but others will be quite different. Also, keep in mind when you are booking that if you book your hotel or airline between 3 days-24 hours of the flight, it is MUCH cheaper. If you can wing it, the best thing to do is just go to the airport and book your flight the day of. Check out what is leaving and go from there. If you are willing to stay in hostels they are pretty cheap, couch surfing or airbnb is also pretty affordable.
Do you have your own Money Saving tips? Comment yours below!
Want to check out my money saving tips for hawaii? see here.