Another day, another 8 ways to save money for travel. I’ve done two previous posts on this topic: you can read these here and here. Yes, saving money is tough. It’s hard, like really, really hard, but you’re not going to get anywhere by complaining how difficult saving money is. Here are another 8 ways for you to save up those dollars and get yourself to wherever you want to be.
Assess Your Spending
After you’ve been trying to save for a while, sit down and map out your spending. List every single thing you’ve bought or spent money on, and create a cumulative total of how much you’ve spent. Identify the “essentials” (what you did actually need to spend money on) and the “superfluous” (what you didn’t), then figure out how to eliminate all the spending that isn’t necessary.
Unless your phone is actually completely broken, you don’t need to get an upgrade. Do you really need that latest iPhone, or is your current one just as good? Do you need a new TV/microwave/stereo, or do you just want one? Don’t buy things because they are the latest trend or because everyone else has one: only buy things you actually need and not because it’s the newest version.
Cut Back Bills
Your bills probably take a huge chunk out of your monthly budget and they are one of the easiest areas to keep an eye on. Small actions like taking shorter showers, turning lights off and keeping the heating down will cut your bills back immediately, which means more money for travel – yay!
Keep A Tight Budget
When you set yourself a budget, actually stick to it. There’s not point putting aside £500/£1000/£1500 a month to find yourself dipping into it for meals out and miscellaneous expenses. That’s not the point. If you run out of money during the month for anything that isn’t totally essential, remember that the money you are saving is so you can travel. It’s not there to satisfy your Wagamama craving or get you an extra round of G&Ts.
Don’t Listen To Anyone Else
If one of the way’s you’re saving money is by doing more free things and avoiding expensive cocktails and movie tickets, don’t listen to anyone who says you’re boring. I’ve been told this so many times, and yet I’m the one that actually saves and travels. If you want to save money to travel, just do it. Don’t let anyone stop you.
Learn To Grocery Shop
Okay, big one. If you do your own grocery shopping, really start paying attention to what you’re shopping for, and the choices that you make. Arm yourself with a strict shopping list, and don’t get distracted by 2-for-1 offers and discounts on items that you weren’t even planning on buying. If you stick to your list, and avoid buying overpriced branded items and stick to the basics, you’ll save money each week that will add up in the long run.
Quit Your Habits
If you’re a smoker, spa-addict or serial downloader, quit it. Quitting things such as smoking (which is super bad for you anyway) and the spa (which is good for you generally but way overpriced) will save you some of your hard earned money, and while little luxuries make the days go a little bit smoother, think about how much better you’ll feel on a beach in the Maldives than queueing up at the off-license for another pack of twenty.
Host At Home
While you probably love going out and hanging with friends, you don’t have to spend money to have a good time. By inviting your friends over to yours to get together rather than at a bar or restaurant will save you all money, and you’ll get to spend some much needed quality time together. It’s a win-win; you all save money, and you get to spend time together somewhere where you can actually hear each other.