Whenever I talk about my travels, the first question I get is, how do you afford to travel so often?
Yes, traveling looks glamorous, especially when you keep scrolling and get flooded with bucketlist-worthy marvellous destinations. Some people get jealous, but others know you need to think outside the box to do it, it requires sacrifices and a little change in your lifestyle.
If you are anything like me, you probably have a bucketlist that keeps growing… I put together some ideas, that helped me save more money and travel more often. Here are some changes you can implement… and the good news? It’s really all up to you!
Open up a new savings account
I bet you didn’t expect that, did you? And I am being a little sarcastic here. But in order to be able to save money, you need to do it correctly. How many of you get your pay check, spend it and then put what’s left in a savings account? Guilty as charged here! I used to do that too before I started to travel, now I have a long list of priorities and on top of my list I have my savings account. I’m not going to lie, it is not easy, especially at the beginning, but now I live by the quote: “Do not save what’s left after spending, but spend what’s left after saving.”
Track your spendings
Whether you use a spreadsheet or an app to do it, this is crucial for managing your finances. Not only it will be so much easier to set more realistic financial goals but this will also uncover hidden money leaks. You will have a better understanding of your spending habits and doing this will help you discipline yourself to always spend less… and on the things that make you happy.
(I literally spend all my money on travels, and I do not regret it)
If you want to build up your travel fund, you’ll need to give up going out so often. Instead of buying that Starbucks coffee, why not make your caffeinated hot beverage at home? Just putting that $5 – $10 into a bank account every day will add up long term. That applies to food as well. I saw a meme lately saying “Average American spends $15 a day eating out. That’s $450 a month. Include drinks about $600-$700 a month. In two months you can buy tickets everywhere in the world. You can afford to travel. You’re just too lazy to cook”. Now let that soak in!
Cancel memberships you’re not using
When I cancelled my Netflix subscription, everyone made a big fuss about it. It wasn’t hard to do it because I knew I either entertain myself mindlessly binge-watching TV shows or learn new skills, focus on my blog, on my growth and put that extra money to a savings account that in a year can buy me 3 low-cost flights.
Maybe you won’t give up your Netflix subscription, but are you making the most of your gym membership?
Did you also make sure you canceled all your unwanted subscriptions? If you are an apple user, you might have several monthly subscriptions billed through iTunes you even forgot about. You might check that out!
We live in a society so focused on spending. Just open your TV, scroll on Facebook, Instagram and you’ll be swamped with ads the very next second. Learn to cut down on the amount of television you watch, focus on your priorities, declutter, get rid of the things you don’t need and make room the experiences that will truly make you happy.