Ways I Save Money For My Travels
I am always being asked: "how do you afford to travel for long periods"?
My usual answer "I never been married!"
I even have friends ask, if I have won the lottery! Its quit funny that people think I have money, when in fact they earn a lot more then me and in turn spend a lot more then me...........
- It's to do with changing your lifestyle; You not going to save money if you are eating out all the time or meeting friends in coffee shops. You don't need to be a hermit by staying at home and just work to fund for your travels. You can start by cutting back by visiting or cooking with friends.
- In reality I make many sacrifices, cut back on the so called normal life. When in the UK, I sleep on friends floor/sofa and offer to do cleaning and cooking in return for somewhere to sleep, so I don't have monthly bills to pay. I don't have a car, so no insurance, tax, fuel and repairs to pay for. I also don't care for the latest gadgets, I make do with an old mobile and that cut's the cost of my monthly payments.
- I did however form a early age, start a savings account and soon got in the habit of saving. I also had a job that paid well. But over a long period, I have slowly changed my life towards long term travel/or able to take time off when I felt the need to visit somewhere new!
- I do however now have a small monthly income, that helps me out. So can you, but you need to start organizing your life today, towards that goal........................
- For me the definition of being rich, is having the time and being in good health. As for money, is having enough to get by.
- Interesting because full of variety: "what a full, rich life you lead!" I call it free sprite.
- People often ask; how can I afford to keep taking time off work and go travelling? It's not how I can afford to travel, but why you cant!
- Then ask yourself do you want to live the system by being a sheep or do you really want to get up and go travelling the world? Wake-up and start enjoying your life.
- I’m not a wealthy person and my pension fund is going to be minimum. But I do feel very privileged to be-able to just up and go, with just a little planing. I never use to feel that strong about it, as some of the people I have met or stayed with around the world can only dream to leave their country. But at the other end of the spectrum people have so much money or very big houses and just don't have the time to travel for long periods.
- In that I have my own mind, don’t believe in everything I hear or read. We have become consumers and these days we get bombarded with adverts telling us otherwise and what we should spend our money on! But I look for other options that not only save me money, but also time.
- I really THINK that working on something you really believe in. So I just think I could be somewhere else, exotic, living my dream and this will help me get motivated to change my lifestyle here before I set off on my big adventure.
With high cost of food, fuel, no wage rises and no interest on savings, means the pound buys less! And a week exchange rate in many countries, your money buys less abroad too. So you may need to save more than you first thought, but don't let this put you off. To find the money to keep travelling, I have had to change my lifestyle, keep few possessions and make sacrifices in exchange for travel.
- Making a savings plan is important, paying of any debts first or getting them under control is the first step to making your dream a reality. I keep a note of my monthly outgoings, work out what I can do without, what I can cut back on and find a better deal by down grading. You will be surprised how much you can save on your monthly mobile phone bill, by not having the latest phone and sending picture messages (You can email photos) If I need to make a call that has a charge from a mobile I use my Skype account, as I have found to be the cheapest especially when you are put on hold.
- I have opened an online savings account that gives me the best interest rate and named it 'Travel Fund' I add money regularly and don't take money out. As you are looking for short to mid savings plan with low risk, a option is a cash ISA. Has a maximum you can save and the interest is TAX free.
- I don't pay any bank charges, as I know some people pay a lot of unnecessary charges for credit cards and bank accounts. Switch bank account; Halifax pay you £5.00 a month if you pay £1000.00 in every month and as long as you stay in credit. (Don't pay to have an current account)
- Because you are saving for your travelling, doe's not mean you have to be a scrooge. I don't have takeaways and cut back on nights out, replacing with visiting friends for dinner parties and BBQ's. (Shearing the cooking and buying the food.)
- Not wasting food you can save a fortune, leftovers can be taken to work the next day. I am lucky to have filtered water available, saving on buying bottled water.
- I bulk buy food with friends and get great deals on good quality food. As now I am eating more paleo/primal and there are many websites now that offer delivery, one great place is Green Pastures Meats. I have also found that most local farm shops are now a lot cheaper than the Supermarkets, I can buy a dozen free range eggs for £2. Supermarkets are just convenient and not cheap anymore. I also do eat rice 2 - 3 times a week.
- I don't have a car, I use my bicycle and work van. Cycling to the shops not only keeps you fit but saves on fuel.
- I keep the minimum of electronic goods, I only have a mobile and not a landline as well.
- I sell any unwanted items I have had for years on Gumtree or ebay. Gumtree can take longer to sell. The down side selling on ebay is the large fee’s they and Paypal charge. So if you have time to sell, try local shop windows/notice boards or have a garage sale, even try listing on Facebook before listing on ebay.
- I have rented my house and logged with friends, even for free at times for short periods. As I am single this has saved paying household bills, that could be shared if living with a partner. I put some of the extra money to paying off the mortgage and the rest into my holiday fund when not travelling (I hope to live off the rent of my home to continue to travel) As soon as I am off on my travels, I then use the rent money as a income to help fund my travels.
- I have my own company that is part flexible for me to take time off to travel, with a little bit of hard work when I get back to start making a real living again.
Preparing food with friends saves you money, its healthy eating and fun.
Latinos always know how to party.
- Once I have decided where I am going and for how long. I research and book as far in advance as I can. It's becoming more difficult just to buy a one way ticket, you will find that you will not be able to get onto a plane without a return ticket! When travelling, to show customs at borders crossing, take bank statements, anything that shows you have a life/job in your native country to show you are going to return back home.
- Check if you need a visa, even if you are in transit at a airport.
"You don't need to be tight with your money - just careful".
- Try and live like the locals
- Eating street food in South East Asia and Latin America is not only cheap but very filling. Also I look out for the menu of the day, normally served at midday.
- Buying food and making your own picnic to take with you on days out/tours. Some hostels provide drinking water; taking a water bottle you can use to refill from your hostel and is also good for the environment not throwing away those plastic bottles.
- Couch surfing, hostels and camping are some of the best ways to save money on accommodation. It’s not for everyone and you can't guarantee the conditions of the accommodation. If you are looking for a good nights sleep this maybe sometimes hard to find.
- I have stayed in many hostels, I have not tried couch surfing. But I have stayed with many family’s around the world which works for me, great way to experience the culture and family cooking. I often stayed for free and brought only food for the family and I have made good friends this way. I have learnt to cook healthy, cheaply and without wasting.
- Ask how much things cost first and then try to began a price a lower price. Shearing a taxi will save on travel costs, but always ask how much the ride is going to be first and by keeping small change you can give the driver the correct amount plus any tip, as they very often don't have any change. Don't get out of the taxi until you collect your change or he may drive off!
- Car shearing: Find others going your way so you can car-share together. Save money, cut your carbon and have fun!
- Drawing cash abroad can be a big expense with the high fees of using a card. and if you are spending a long time on the road these fees can soon dig in to your savings. Find a credit card that has a low charge or better still no charge for drawing cash abroad or find a way you can transfer money cheaply; asking your bank if they are part of a global ATM alliance, where all ATM fees are waived if you use a cash machine from banks involved in the country(s) you are travelling. (Tip: I am using the Halifax Clarity credit card. Has a good exchange rate and no fee to withdrawal. But they do charge a daily interest, so if you don't need credit. Then you can pay your credit card off each time you use it, via internet backing. Also check exchange rate when looking to withdrawal, this can make a big difference.)
- What skills do you have that you can use to make money while travelling? I have a Hire Me Page and have found work for a roof over my head and meals.
- Learn not to waste money.
- Every time I am about to spend money on something I deiced if it is something I want or Something I need and try to only buy what I need.
- Less things, less work, less expenses. Equals more money and more time to enjoy traveling. Less equals more.
- See My Excuses To Travel
What are some of the ways you save money before you travel?