You Don’t Need To Be Rich To Save Money For Travel.

1. Budget Without Fear

You need to first work out the cost of your trip. Your travel budget could be as low as $50 per day if you plan well.

It will vary greatly depending on your budget and where you plan to go. For long-term budget traveling, I recommend spending at least $1500 a month.

For more information, please see my a href=”https://expertvagabond.com/travel-banking-101/”>Travel Banking Tips & Guide/a>. For more information, see my Guide to Travel Banking.

You can get a great deal on accommodation if you make the right choices . If you use these simple tips, it is easy to find cheap flights.

Start here if you want to know all about my travel tips and tricks for saving money.

You have 16 months left before you depart? Great! You can do it!

The big question is how you are going to achieve your goal.

Create a running budget and assign strict numbers to your recurring expenses. Then stick to that budget. Rent is one of those expenses that are set in stone. (But, read on to find out how you can lower it.)

Some expenses, such as the monthly amount you spend on groceries or socializing, are flexible. You should always be aware of how much money you have left in your budget. This will prevent you from being stung by “phantom” expenses that eat away at your savings.

Shopping? Use your smartphone to calculate the total of what you’ve spent as you shop. Are you going out with your friends? Leave your credit cards at home and withdraw cash to avoid blowing your budget.

Budgeting is not scary. It’s actually the opposite. Your confidence will rise when you are in complete control of your finances (and not vice versa). You will now have an easy way to travel, and you will work harder towards your goal.

TIPS Check out these online classes for free to learn the basics.

2. Reduce Unnecessary Expenditures

Draw a vertical line in the middle of a sheet of paper. In the upper left corner, write “NEEDS” and in the upper right corner, “WANTS”.

Place everything that you spend your money on in one of the two columns.

Be as honest as you can. Do you need Netflix right now? Do you really need the cappuccino that you have every lunchtime? How about the beers you had on Friday? What about some new clothes?

Check the daily spending journal you have been keeping. How many of the daily entries are things that you actually needed. Your life will end without these items?

After you have finished, go to the “Wants” section and note down how much each item costs. Add them all up. You can start saving money immediately if you eliminate all of these.

Stop buying things that you don’t really need. It’s not as easy as it sounds.

We will do everything we can to convince you that Starbucks Unicorn Flappuccino is the best drink for you. You can’t allow them to win.

Take control of your finances now!

3. Create habits that save you money

What about getting up earlier and riding your bike or walking to work? Have you heard of ride-sharing services? What other expenses can you reduce with money-saving habits and replace?

How can you reduce your daily expenses by learning new skills?

Let me give you an example. You can save thousands every year by cooking your own meals rather than buying them ready-made. This is what I did to save money for my travels.

Save money by preparing your own delicious avocado toast and excellent coffee.

You can save up to $230 per week by cooking for yourself.

You can earn a decent income with this skill. It’s also a lot of fun!

4. Reduce your accommodation costs

This is extreme, but it’s also very effective. Renting (or buying) a place that costs a lot can be expensive. Why not get a roommate who will share rent and bills with you? What about sharing a room with two people?

If you don’t have the time to move, but you still have a year before you leave, why not consider moving into a smaller place or into a more affordable neighborhood? It was one of the ways I saved money for my trip.

I saved hundreds of dollars a month by moving to a less expensive neighborhood outside of Fort Lauderdale, Florida and sharing a small home with two other roommates. This was much cheaper than living in Miami, which is a much more expensive place.

Some travelers I know have moved in with their families for a few weeks to save money. They may rent out their home and move to a cheaper place. These aren’t the best situations and they may not be for everyone. But I want you to see what is possible.

You sometimes need to be creative to achieve your goals. Even uncomfortable measures can have a positive outcome.

5. Sell Your Crap

Is it worth keeping if you cannot travel with it? I sold my car after a hard look. I bought a folding bike to replace it.

Instant injection of cash much needed! I will also be able to cancel my auto insurance, and not have to purchase gas.

Instead, I bought a bus pass. My commute was definitely longer. It was a little unpleasant to ride my bike in the rain to the bus stop. You know what else? I was determined. I was dedicated. It’s not the end of world to wear a poncho when riding in the rain. Why can’t I do what other people are doing?

I sold not only my car but also my DJ turntables and sports equipment as well as some furniture that I didn’t really need. Everybody’s “crap”, however, will be different. We all collect “crap” in some form.