Do you like going on vacations? Like me, you’ve decided to get serious about saving money so you can enjoy the wonders of the world. So don’t worry, you’ve landed at the right place at the right time, because today I’ll share how I saved money for my RTW (round the world) travel while on a budget.
One thing that most of us believe is that if you want to travel the world, you must be wealthy because traveling is a very expensive hobby. Well, that is a myth; first and foremost, you do not need to be wealthy, but you also need to be inventive if you want to travel the world without spending a fortune, and traveling is not a costly or difficult hobby. You just need to be a bit creative and sharp-minded about spending your money.
I used to be a complete scrooge when it came to saving money. I was terrible at saving money for even minor events, and I had no intention of doing so for a holiday. To cut a long story short, I once came across myself and decided to save at least $1 per day. I know, it’s not much, but it’s better than nothing, right? I shifted my money spending priorities a few years ago due to my passion for travel. My insatiable desire to travel led me to make this great decision, of which I am extremely proud. I reduced my shopping and, most importantly, I stopped partying every weekend with my girlfriends, and this had a significant positive impact on my life.
When I first started saving money, there were a few things I kept in mind, and today I’ll share them with you so that you can be effective in saving money for your vacations.
These suggestions will assist you in achieving your travel goals:
- Get yourself a moneybox:
This may sound childish, but it is very effective when it comes to saving money. Honestly speaking, do it, and do not buy the one from whom you can dig out money whenever you want because this will never let you save a single penny. Get a money box that you have to smash to get into. This will make it difficult for you to do because smashing the box means you smashed your dreams of traveling this beautiful planet.
Saving money in a moneybox will keep you motivated and enthusiastic about your trip and it will help you to keep moving and saving. For your next summer trip start saving from today, this will sort out most of your problems on the day when you will start calculating and using the money for the final trip day.
- Have track of your spending:
This is a must-do suggestion. Most people have no idea how much money they spend per month or year, which contributes to them not saving anything at all, as they won’t be left with a single penny, right? First and foremost, keep track of where your money is going if you want to save money.
Choose a day, maybe a weekend, and take a seat on your sofa. Pull out a pen and paper and jot down everything you can think of, from bread to clothes. In a week, how much do you spend? What percentage of your income do you spend on groceries, clothing, dining out, snacks, and Netflix? In short, write down everything you spend money on, and you’ll be surprised to know that nearly half of your expenses are unnecessary, and you can do without them.
- Cut down your unnecessary spending:
I understand it’s difficult, but it’s not nearly as difficult as seeing your travel dream crumble due to your inane gatherings. Make two parts on a piece of paper: NEED and WANT. Then make a list of what you need and want in your life. Is it necessary for you to go out and party? Do you have a Netflix subscription right now? Do you want star bucks regularly? What about the drinks on Friday? Is it necessary for you to have them? Is it enough to go shopping every weekend? If the response is no, then quit because this will save you a lot of money monthly.
- Learn how to cook:
Cooking your meals will save you a lot of money over a year. This is exactly what I do now, and have done for the past few years because it has helped me save a significant amount of money for my favorite vacations. Many of you may assume that cooking is too difficult for you because you can’t even boil an egg. But hold on a second. Did I mention you had to be a master chef? No, you don’t have to be one. You can get advice from a variety of sources, including YouTube and recipe websites, which will show you how to prepare nutritious meals in a matter of minutes.
- Sell you unnecessary things:
Don’t worry, I’m not asking you to sell almost everything you own, nor am I asking you to sell your clothes or watches. Something more substantial. If you have a car, take a moment to consider whether you still need it. Is it going to be useful when you go on your trip? No way! So there’s no point in paying for petrol, car maintenance every other month. Having a car is one of the most expensive investments you can make. Sell it and invest in a bicycle that will benefit both your health and your journey.
These suggestions will help you save a thousand dollars per year and make your “traveling the world dream” a reality. Every day, keep track of your spending; this will make a significant difference in your money-saving efforts.
Best wishes for your money-saving journey and future adventures.
Please let me know if you found these tips useful or not in the comments section. I’d love to hear what you have to say.