Dreaming of travelling the world? What’s stopping you? For most, it’s the cost. From flight tickets to other transport, hotels and hostels, activities, insurance, souvenirs, drinks, food, even your travel supplies, it all adds up to a pretty hefty amount. Sadly, it’s this large sum that puts many people off the idea of travelling.
I’ll never save as much money as that! That’s a crazy amount – it’s just not worth it!
Sound familiar? The truth is that regardless of how much money you might need, travelling is money well spent. So, how can you save money for your travel adventures? Here we’ll look at how you can kickstart your travel funds with these simple saving ideas.
Invest in an ISA
An ISA is a special kind of saving account where you can deposit as much as 20k a year, without having to pay a penny on tax. Meaning that your money works hard to earn you interest! Click here to find out more about ISAs and how to find the right one for you. The money you save each month can be placed in your ISA and saved over time until you’re ready to hit the road. It’s a simple yet effective way to save and travel.
Sell those unwanted belongings
If you’re going to be on the road for a while, then it might make sense to get rid of a lot of your old belongings and utilise the money for your travels instead. From old clothes to accessories, even home décor items, shoes, books and tech. Check out eBay, Craigslist and Facebook marketplace for a captive buying audience. Remember – one mans trash is another man’s treasure!
Work even more
If overtime or more shifts are available, then you should consider taking them on and putting your earnings straight into your travel fund. If extra shifts aren’t possible right now, then don’t worry you can make money by participating in online surveys, earning cash back on certain goods, or even utilising your skills and talents and selling your own products and services online. E.g. arts and crafts, voiceover work, logo design etc.
Cut out the miscellaneous spends
Unless you’re buying it for your trip, you don’t need it. Including vices such as cigarettes and even alcohol. Video games, new clothes, books, nights and meals out, handbags etc. It might seem a little difficult at first, but if you keep your travel goal in mind you’ll know that it’s all going to be worth it in the end.