Monday 1 April 2019

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How to Save Money to Travel the World


1. How much do you need to save for the trip?

First, you need to understand how much money you will need to save for your travels.

Where would I like to travel in the world - and what do you want to do while I'm there?
You do not have to go into too much detail here, but you must have a general idea of ​​the type of trip you are planning. For example, if you want to hike to Machu Picchu, it will probably cost you a lot more than visiting a few cities where you will visit museums and other top attractions. In addition, the distance will also contribute; a trip to Los Angeles and Australia will cost you a lot more than a trip to Indonesia and Thailand. It is important to solve this first.


How long do I plan to travel?

2 weeks? A month? Are you planning a sabbatical year? Without a doubt, one of the most important variables in your travel budget is the length of your trip. The longer you travel, the more it will cost you.

Will I be happy to spend some of my time working and traveling?
Have you considered working on a trip? It's a great way to increase your income while learning new skills and exploring a new culture. Think about working or volunteering to make money or make up for some of your expenses.

2. Keep your travel money separate

Once you've decided how much money you'll need to save for travel, you need to separate these savings from your daily accounts to help you avoid spending as much as you can.

Seeing £ 1,000 in your bank account is a good thing. It makes you think:

"I can totally buy this dress for £ 20. After all, it's in the sale ... and I save £ 90 on the RRP "

Rather

"Of course, I have £ 1,000 in my bank, but actually $ 800 represents savings for my great trip to South America. So, in fact, I only have £ 200 and I have to pay for the Gemma departure gift, the tourist tax and you know ... eat ... "

You can opt for an old savings pot or investigate opening a savings account with your bank (you can even get a small interest from the bank on the money you have saved). Be that as it may, make sure you can track the amount you have saved so far to motivate you to reach your travel money goals.


3. Set a budget

We're really lucky to see that there are now hundreds of free mobile and web apps that help us know how much we spend and what we spend. Browse the market looking for the best app for your lifestyle. Use it to see how much money you are currently spending and the ways you may be able to reduce it. For example;

- Did you spend £ 80 on clothes last month? So let's aim at 0 € this month!

- Did you spend £ 70 on food at the supermarket last month? Then clean the freezer and cabinets. Buy only fresh fruits and vegetables and save £ 50 this month.

- Have you spent £ 50 to buy your lunch recently? So let's stop with the meal deals and put an extra £ 10 in the supermarket budget for the bread to make sandwiches at work and save £ 40.


4. Cancel or renegotiate your monthly withdrawals

While we see where our money is going, let's look at these cumbersome domiciliations. First, cancel those you no longer need or use. Yes, I'm talking about the gym membership you registered in January and that you quickly forgot.

Then, let's see how we could be able to renegotiate these monthly withdrawals without which you could not live.

Mobile phone contract
Check how much your contract is per month. Does this correspond to the amount billed each month? If not ask why.

Then look when your contract expires. If it's already sold out, go directly to the Sim Only contract and save up to £ 30 per month.

Check your benefits and see what you are using (and not much), then talk to your provider and see if he can modify your plan to better meet your needs (and save you money, hopefully ).

Shop using a comparison website and see if you can transfer to another network and save money. When it comes to travel, look for those with discounted rates for use abroad.


5. Sell your unwanted goods

If you have completed your university studies, you are undoubtedly surrounded by textbooks you no longer need (thank God!). Consider selling them online through sites such as eBay or redeeming them for cash with mobile apps such as Music Magpie.

If you plan to travel for the long term, consider doing the same with many other objects that you do not plan to travel with. Not only will this save you money on storage costs (or on parents complaining that all your junk fills the spare part), it will give you a lot of mental freedom and the money they need.

6. Take extra work shifts at work (or find a job)

If you already have a job - great! See if you are able to take extra shifts wherever possible. Inform your manager that you want to make more money and that when he needs help with something or someone calls a sick person, he will consider calling you to help you.

If you do not already have a job, go for it and find a part-time or temporary job (depending on the duration of your trip).

If you are having trouble finding a job or want to earn some money in addition to your previous job, consider doing one or more of the following jobs, each paying about £ 10 per hour:

  • Online polls
  • Work as an additional TV
  • Mystery shopper / secret

That's it - my guide on how to save money for traveling. If you want to know more or if I want to share more money-saving travel hacks, then let me know or if you have a question about anything covered in this article, leave me a comment here. -Dessous.