As 2023 unfolds, more people are desiring to travel and explore new locations. Whether you want to revisit your favorite holiday, visit family and friends, or travel to another country to do a cultural exchange program, you will need money to pay for your flight, cabs, hotel, tours, and food.
So how do you save money to fund the trip and still live your life to the fullest at home?
In this article, we will be sharing the best hacks that you can adopt to save money for your upcoming trip.
1. Set your intention
Before you even draw out a strategy on how to save money for your upcoming trip, you look to, first of all, set your intentions. For instance: “I want to visit South American countries in six months to learn about their cultures and foods,” or “I want to travel to the US to go backpacking for three years.” Setting a clear intention will help you figure out the best ways to save money for travel and other expenses. Make your travel intention more powerful either by creating a vision board or writing it down in a plain sheet. Have a firm belief that within the time frame that you have given yourself, your dreams of traveling to a new location will come to fruition.
2. Plan your travel budget
Now that you have a travel destination in mind, the next big thing to do is to plan for your travel budget. One of the best ways to plan for your travel budget is to determine how much it will cost you to get to your travel destination, and how much you are likely to spend every week on accommodation, transportation, leisure, food and drinks.
After figuring out the exact amount that you will need to cover your upcoming trip, review your monthly budget or create a budget if you don’t have one, and see how long it will take you to save up the amount that you will need to cover your travel expenses. At first, if it looks like it will take forever to save up the amount that you will need to cover your travel expenses, don’t worry, other tips ahead will help you.
3. Set up a direct debit to your savings account
One way to save money to achieve a purpose that is still valid up till today is by setting up a direct debit to your savings account. You should contact your bank immediately if you don’t have a direct debit to your savings account. By setting aside some money each month, regardless of the amount, your savings for travel will certainly grow.
4. Cancel unnecessary subscriptions
Unnecessary subscriptions are a distraction when you are saving money to achieve a purpose. So, take a look at your monthly subscription and do a review to cancel those subscriptions that you don’t really need. If Netflix is taking 99% of your time whenever you are at home, it may be time to cancel the subscription. For those that are on a gym membership, you may consider canceling the subscription until you achieve your savings goal.
5. Look for offers in shops
Another interesting way to save money for your upcoming trip is to look for the best deals online instead of going out to do your shopping. Most shops now operate a website where they list all the items or products they have in stock for sale. Check various shops and supermarkets for the best possible deals. For example, you may find that an item that costs a certain amount in the shop may be half the price online.
The 5 tips we shared above are some of the effective ways to save money for your upcoming trip. You need to set your priorities right to enable you to achieve your travel goals. We wish you a fun-filled travel experience in your upcoming trip.