The new year brings in a round of motivation from the excitement of resolutions. For the travel enthusiast, the list item “travel more” more than likely shows up in some form or another. In years past, financial restraints may have kept you from fulfilling your New Year’s wishes, but 2016 can be the time to finally appease that travel bug with the following tips and tricks to save money for travel.
Setting money aside can be a no brainer, setting it aside specifically for travel can be a little bit difficult. Life happens and priorities can change along the way. It’s easy for that bit of dough you put aside for travel to be used for an emergency car repair or even more minor things like groceries.
These factors mean that it’s important to keep your travel saving separate. Keep your money in cash form hidden away from those tempting moments, label it with a specific goal (i.e. “NYC June 2016”) to have a constant reminder of what you’re working so hard to save for. Even better, keep it separate digitally. Start an account on PayPal to be even less tempted, you can send money from a linked account whenever you want to contribute to your travel fund.
Use cash back. Every time you go to, for instance, the grocery store ask for a little cash back. You can pull out whatever amount you feel comfortable with (some places even offer low amounts like $5.00) and put it towards travel. You can set this up for specific purchases, like the grocery store, to help you keep organized on your spending. This may also help you pay attention to what types of things you are spending money on. That little extra something that you may not need can be replaced with travel savings. Conversely, if you’re saving digitally, you can make a note to put aside x amount every time you spend on clothes or whatever you fancy.
This last one might seem like a no-brainer, but plan your trips. Even if you don’t have a solid location that you want to visit, you can still plan ahead. Think of every category you spend in when traveling. There’s airfare, how much will the flight cost? How much are you willing to spend on the flight alone? Think of things for everything else, food, housing, transport sightseeing. Having an inkling toward the actual cost of your trip will keep you organized and won’t throw you off guard when it’s actually time to go somewhere. Write this all down and compare it to actual estimates online to help make your traveling dreams become a reality.