The biggest misconception for travel; I don’t have enough money to do it. But saving for your travels isn’t as hard as some may make it seem.
In fact, it’s probably certain that you are fully capable of doing so right at this minute, you’re just not aware of the changes necessary to make it happen.
Whilst you’ve probably read the posts that it’s all about your mindset and certainly for a part it.
However, I’ve spent hours upon hours speaking to North Americans between the ages of 18 to 30, to know you got student loans coming out your ears along with a minimum wage that’s bending you over the kitchen table.
You know you need to get out and take this adventure now or you’ll never leave.
Now’s the time to do it and it’s not mindset that’s holding you back, now neither is money.
It’s certainly not an easy task, thankfully though it doesn’t involve the black market either.
So there’s a bright side.
It’s time to start saving for your travels.
Here’s a couple of saving tips to get you started;
1. Ditch the car
It’s a big sacrifice with big results.
If you’re car-less now and are contemplating “should I get a car or go travel?”
Buying the car will take a huge chunk of your savings,. On top of this, you have insurance, car payments and maintenance.
A little rock flying from the side of the road cracks your windscreen, that’s a couple of hundred dollars you now need part with.
Depending on your travel location a couple of hundred dollars could get you around Europe or fly you from Australia to Asia.
Not to mention, the price for petrol isn’t exactly going cheap these days.
No car means it’ll be easier for you to start saving for your travels.
2. Learn to say NO.
Make a goal for a week of saying no to things, like going out with friends or ‘treating’ yourself and see how much you save.
I am all for living in the moment, sometimes certain circumstances require a YES.
But the trick is keeping it balanced.
Be aware that a coffee date or casual drinks with mates on a Friday can add up and take away from what you could be saving for a trip.
Shots of Fireball (fucking gross) or sitting under the sun on an Italian island?
3. Stand against daily coffees.
I am a caffeine fiend.
I loves me an Venti Americano Misto with 2 hazelnut pumps and coconut milk from Starbucks.
But everyday before work, maybe a couple during the weekend – it adds up.
For a $5 beverage 6 times a week, that’s easily $30 a week for coffee alone.
Travelers on a budget can’t be doing this.
You are now a traveler on a budget, or at least a soon to be traveler, but your still on the budget.
I switched to instant coffee so I could still get my fix.
However, on the weekends I use Starbucks as my reward.
I still get coffee, a treat and over the course of a month I saved around $200.
4. The 3 – 12 Month Rule
Look, I’m not saying adapt completely to a minimalist lifestyle.
Chances are though, you may have a lot of useless shit laying around.
A couple of video games you haven’t played for years (and have no nostalgic purpose), those shoes you had to have but only wore once because they kill your feet, old school books, furniture, that snowboard that hasn’t seen the slopes in years.
Follow the 3 to 12-month rule (this depends on how strict you want to be and how desperate you’re wanting to go).
If it hasn’t been worn or used in the last 3 to 12 months – get rid of it.
I followed the 3 month rule and got rid of A LOT of stuff.
Depending on the length of travel, you’d be needing to get rid of a lot of your belongings anyway.
Have a garage sale, check out craigslist, even Facebook is on the buy and sell bandwagon.
You would be very surprised, not only with the lack of ‘things’ you can live without but also when you commit yourself to the selling game just how much you can make in a few months.
What would you rather, get stories and experiences or a house full of things to look at?
5. Second job.
It sucks so bad, especially if your lazy and anti-social like me.
If you find though you’re just not pulling together what your shooting for, then it must be done.
A weekend job serving or bartending, babysitting or even seeing if there’s extra hours available at your current job.
Where you can work, take it.
Now that we are living in the world of ‘online’ there’s some excellent jobs you can do from home, so long as you have descent internet connection and a computer or laptop. It’s also valuable for when your abroad too.
6. Credit Card
The way money is designed, you’re always going to be in a little bit of debt.
Just keep in manageable.
When I came to Canada, I had to have access to $4,000CAD. On top of everything else, like insurance, food money and winter clothes. It seriously felt like there was no way to make that happen.
Luckily, I asked the credit card company to up my limit to the amount I needed.
From there you just should be careful.
Cut it up if you need.
Have a friend or family member look after it for you.
At the very least, DON’T TAKE IT TO THE BAR.
If it’s acceptable to get a student loan for 10K on a degree your not even sure you’ll use, it shouldn’t even be a question to get a credit of 2K for an experience that will actually change you and educate you in the world you are living in.
7. Family Help
You don’t need to go all puppy eyed and plead for some extra cash.
What you can do is make it clear that some extra dough would be great.
Plus, if your family are big on present giving let them know you’re getting rid of a lot of your stuff see point 4) and money would be more appreciated.
It’s not rude, it’s honest communication.
People can’t read minds, so a little hint or a soft nudge in the right direction certainly wouldn’t hurt.
The worst thing that could happen is they say no.
Packing your bags? Check out this list of useful Apps to help you on your travels.
Considering Teaching English Overseas? You’ll want to read this.
I understand people reading this thinking if you can’t afford it, don’t go.
Imagine if people had that type of mentality towards education?
I could rant, perhaps a little too long, on studies vs travel,
When it comes to traveling, at the start it will feel like money is your worst enemy.
You’ll never have enough, the riches man alive doesn’t think he has enough money.
The trick is:
not to let it control your life.
If you’re still lost on budgets comment below or shoot me an email and we can work this out together.