How To Save Money For Traveling

How To Save Money for Traveling

A lot of travelers or people that simply travel a lot get this question: “How can you afford it?”. The answer is simple. You have to know few tricks on how to get cheap flights and hotel deals and you also have to put traveling as your priority when it comes to expenses. Here are some tips on how to save money so you can travel more.

#1 Cut Down On You Expences

Coffee and takeaway food might be one of your biggest expenses. You can save a lot of money just by bringing your own coffee and food to work. For example, a cup of coffee a day is around €3.00. If you buy takeaway coffee every day of your workweek, it’s €15 a week, €300 a month. For this amount of money, you can buy a nice Euro weekend including your flight ticket and accommodation.

Go through your monthly bills and try to lower them as much as possible. If you get back a lot of money from a yearly revision of your utilities, call the company and try to lower your monthly fee. You can also cut down on your phone bills if you don’t need as much minutes/data that is on your current plan.

Major money saving can be also done on impulse shopping. Try to avoid shopping online or spending a lot of money on clothing or cosmetics you will never wear/use. Unsubscribe from newsletters with offers that might be tempting to click on and shop.

coffee

#2 Cancel Your Memberships

Look at all your monthly memberships and see where you can save more money. Do you need the monthly gym membership if you only go once a week? If you want to exercise more and the city you live in is bike friendly, try riding a bike to work. It is not only cheap but also very good for the planet.

The same thing goes for all your other subscriptions. Re-thing if you really need your Netflix membership or Spotify.

#3 Join Loyalty Programs

If you tend to return to shop at certain stores, ask them for their loyalty program. These can include special discounts, cashback programs or another type of deals. Usually, they have special offers just for their loyal customers.

A lot of hotels and booking sites have loyalty programs as well. You can join these by signing up or by completing a certain amount of stays at their place or hotel chain.

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#4 Shop Through Cashback Programs

There is a lot of loyalty programs that will give you money back from shopping through them.

You can choose from a lot of sites like TopCashback, Ebates, etc..

The one I like to use is Honey. It is a browser extension that will automatically find discount coupons to use at the checkout while shopping online.

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#5 Sell Your Stuff

Selling your stuff will not only get you the needed extra cash but will also let you get free of the clutter you have at your home. Try selling your stuff on eBay, Poshmark, or by joining some facebook group with local users where you can sell your items. You can also organize a sale with your friends at someone’s home and have some fun together.

#6 Get Track of Your Spendings

I am in love with an app called Spendee. All my expenses and income come in there so I can simply track all my money in real time. Having multiple bank accounts and income from different sources can be challenging for keeping a track on. This app helps me have everything under control. I can also set up my monthly budget and get notified when I go over my limit in a certain category. For example, I don’t allow myself to spend more than €200 for takeaway food each month so this app will alway notify me when I spend more.

These are my top advices on saving up money, not only for traveling but in general. Do you have any other tips on how to save more money?

How to Save Money for Traveling How to Save Money for Traveling

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Great tips! I agree about the coffee, saves so much when you brew at home. But it’s also about the experience as I am a Starbucks lover. The selling items on eBay is fun and adds additional money. Another new platform is also Poshmark another great selling app. Thanks for the tips.

I also love buying coffee on the go, but it really costs so much money if you do so everyday. So I try not to 🙂 Thanks for reminding me of Poshmark, it is definitely a great one!

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politicallycorrectparent

A good list!! also important to earmark money that your saving specifically for travel.

Such a great a list. It’s really about prioritizing. Travel is a luxury, but by forgoing other smaller luxuries, you can find the savings for it.

Very helpful article! I totally live by all of this and downsize as much as I can, I am an avid traveler and have been bouncing around for almost two years now! Thanks for sharing this I hope it helps and inspires others to love the dream of travel!! You should check out some of my travel related articles at http://www.wanderlustbrunette.com

Thanks for the comment Nicole, I will definitely look at your travel site!

That’s a really helpful post! I mean, the “how do you afford it” question is always right there and I often find myself wondering how people manage to travel so much. Finances are not a sexy topic at all and I’m definitely one to ignore unsexy topics most of the time, so found some of the tools you mentioned super helpful, especially this app called Spendee. Hadn’t heard of it before and I think it’s a worth a try 🙂 Thanks for sharing!

Great tips to follow 🙂 thanks for the post

Great tips specially to add coupons of travel and room bookings 😉

Great post! Selling stuff is always a good idea, I was saving up some money selling things online that I would otherwise thrown away so that was really great! But cutting down own expenses is probably the most important factor when trying to save up money 🙂

We are definitely guilty of buying coffees instead of making it at home. When you break it down the way you did, you make it sound so easy to save up to travel!

These are such great tips! I get asked a lot how I afford to travel and all I can ever offer is that I prioritise it and save every penny I can for it. These are great simple steps though.

– Sarah
http://www.moonandforest.co.uk

Great tips, thanks for sharing! For me, the one that works the best is to cut down on expenses, usually clothes and restaurants. These at the end bring me a lot of savings! The spending apps are very useful, although I sometimes just forgot or did not feel like noting every single euro down… I used it for months, and then stopped as I couldn´t have kept it accurate, but that´s just me, it may work well with “normal” people 😉

I have a big problem with noting every single euro down as well but I usually just count my expenses every Monday to see how much money I have left all together 🙂 It’s very useful if you have more than one account as I do. And saving money on clothes was the biggest thing for me. I used to spend a lot of money on clothing but now I barely shop for new stuff or I go for second hand or discount clothes 🙂

What a great tips!! I do the most of them!! Lovely post … so useful for travelers 🙂

Your post makes great sense, every cup of coffee not bought brings an amazing experience much closer – travelling is the best. Forget the frivolities and go for the life-changing and mind-opening opportunities.

Thanks for these tips!! I really need to work on tip #1 and shopping online 🙁 You’re right, I definitely need to unsubscribe to newsletters, they are so tempting!

very relevant post! Another tip which might be a bit obvious is to have a goal or target. It keeps me motivated to know how much more I need to save up for my upcoming trips. 🙂

Good point Beatrice! It is always good to aim for a goal and stay motivated 🙂

Some really great tips here – especially the ‘sell your stuff.’ Learning to let go of material possessions is a great precursor to travel.

Joining loyalty programs is a great idea, and it’s true that buying coffee can really mount up so making it at home is a lot more sensible!

Good spending tips in general! I find that I can live with better quality at same or less spend than peers just by needing fewer things, and being smart about when, and how, I get them. 🙂

Really good tips! I added the extension Honey to my desktop because I think that’d come in handy! Thanks!

Great tips – I think I need to keep better track of my expenses – that I’m sure is a way to really be on top of it. Thanks for such a great list.

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