How long have you been putting aside your travel plans for when ‘you have enough money?’ Your dream vacation may never become a reality until you make it a priority!
For starters, select a destination, list down your preferable activities and set aside a budget for your trip. Now, figure out how many weeks (or months) you will take in order to save that amount.
Once you’ve made it through the planning phase, it is time for action. Here are a few tips that can help you save up for travelling!
1. Change your spending habits
Now that you have finally made your mind to save up for a vacation, the first thing you need to do is track your expenses. In a month or two, you will get a clear idea of how and where you spend your money. Once you have gathered all the data, start altering your daily spending habits. Cut down on necessary/avoidable expenses! The goal is to reach a point where 90 per cent of your money is spent on ‘needs’ rather than ‘wants’.
2. Live on a budget
One of the most important life skills that we, as adults, need to master is sticking to a budget. But let’s be realistic. How many of us are really able to achieve this feat? However, with a bigger goal in mind (think of your dream destination) it becomes easier to live on a budget for a few months. There are so many things you can do to reduce expenses. Indulge in bulk shopping, cut back on guilty pleasures, switch to home-cooked meals! Find more ways you can save a few bucks for your trip!
3. Subscriptions, services and beyond
If binge-watching is your favorite ‘sport’ then chances are you must have subscribed to multiple streaming platforms. Together, these subscriptions take away a major portion of your earnings. In case you find it impossible to survive without Netflix, Amazon or Hotstar, consider going for a family account along with your friends or family! Also, consider switching to a cheaper cell phone plan and canceling other ‘not so necessary’ services and memberships for a few months
4. Sell what you don’t need
Thoroughly check your garage, closet and storage boxes for items you longer require. There is an array of online platforms that you can use to sell pre-owned stuff. If you are old school, go for a garage sale! Not only you’ll be able to make some extra money for your trip, but you will also get rid of unnecessary, space-occupying household stuff!
5. Change how you socialize
If your idea of fun is hanging out at an over-priced restaurant or a bar, it’s time you reconsider your choices! Instead of searching for new hang-out options, call your squad to your place for an epic yet economical get-together. However, this does not mean you cannot step out of the house at all. All you have to do is look for inexpensive or free activities in your city.
6. Commute wisely
Stop bringing out your car for everything. Use public transport whenever possible and walk wherever possible. Organize a carpool to work. Also, if possible, take up cycling!
7. Do not give up
Most of us are accustomed to a certain lifestyle and changing our habits may not be as easy as it sounds! There are going to be numerous moments where you will be tempted to chip away at your savings and cater to a (passing) desire! Do not give in! In order to remind yourself of the ultimate goal, print out a picture of your dream destination and put it up on your wall or keep it at your desk at work!