Whether you have a short- or long-term goal, learning how to save money could be titanic goal to achieve, especially when your goal is to travel. All we need is to design a strategy that includes straightforward steps, and actions to take.
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How To Save Money to Travel
- Open a savings account
- Get a Mr. Piggy
- Negotiate subscriptions.
- Dine out.
- Avoiding impulse purchases.
- Save on Gas
- Sell your stuff or products.
1 Open a Saving Account
First, make an intelligent analysis of your paycheck. Avoid making subjective conclusions. Be aim and realistic.
Establish a reasonable sum to save. Any amount is acceptable. No matter how insignificant it may sound to save $20 per week you will save $80 a month and that’s $960 per year.
Commit to transfer money to your new savings accounts or automate your savings. Sometimes employers offer to make direct deposits to over one account. In this case, take advantage and request your employer to do it. That way, you will focus on the money you have in your checking account and forget about the amount deposited in the savings account.
You can get a savings account from a bank or a credit union.
Banks are Pro-Profit institutions. This means they are privately owned and are subject to taxation. They charge high fees compared to Credit Unions that are non-profit institutions.
Credit Union is exempt from federal taxes or subsidies by sponsors. It returns profits to their members, and they receive higher savings rates and lower fees.
2 Get a Mr. Pig or Small Safe Box
The best place for you to place Mr. Pig is in the closet or where you change your clothes. Having over one Mr. Pig and placing them around the house is also a great idea. Lockers, bathrooms, studio, and kitchens are great places.
Empty your pockets, clean your purse or wallet, get rid of those coins, and let your Mr. Pig eat and get fat. At the end of the year, this simple and easy method may surprise you with the results.
3 Negotiate Your Cable Bill.
Even though it could be a hard decision, it’s a smart one. If you want to save money, lowering your cable expenses to the minimum can be a fantastic strategy. My friends canceled their cable. They installed an antenna to watch local and national channels. They kept the Internet service though, and now they watch Netflix for movies and TV series.
The same amount to pay for cable put it into your savings account instead. Don’t leave it in your debit card or checking account. Once into the savings account, forget about that money. There’s a 99 percent chance that if you don’t save it, you will spend it. The goal is to save money to travel. In your mind, you would pay for cable, but the reality is you will be saving more and more money.
4 Dine Out
Dine out can be expensive. Think about the bill, gratuity, and taxes. We all love those fantastic restaurants that cook delicious meals, and by the time we finish eating, no washing dishes, no cleaning kitchen. For this superb deal, I declare myself a restaurant fanatic.
However, eating out will take a big steak of your paycheck. Consider it only on extreme occasions, but when you can’t, use Restaurant.com that has amazing coupons for thousands of restaurants in your city.
My husband and I used to eat at restaurants all the time. It was like a weekend’s sport. Especially when traveling, eating at a restaurant was a necessity.
We traveled to the east coast for about a year and I wanted to learn how to save money on food. One day, I realized I could use coupons everywhere we ate. Wy save tons of money this way. If you travel like us, I can suggest going to restaurant.com to find coupons and great deals.
5 Avoid Impulse Purchases
Make smart, thoughtful purchases can help you save money to travel. Most of us buy stuff based on how cool it looks, beautiful brands on sale, one time discounted prices, overall mood, and false feelings of need.
I have a friend who said, “If I can’t take it when dying, then I don’t need it.” She kept this thought for two years, saving enough money to travel the world and start a company.
If you are committed to save money to travel, avoiding shopping centers is a great idea. Instead, buy online at a lower price.
I worked at the mall for over 9 years, and I can tell you that the same” incredible one-time-only discount” you found, it will be there all year round.
When buying brand name items, its real value is just a fraction of the total cost you pay. The rest amount pays the luxury store expenses, commercials, etc
You can buy products without the name brand as beautiful as the expensive ones with high quality, color, and design for a fraction of the money. They won’t have the brand name on it but either the high price. And that’s when you save money for what really matters the most. Yourself and your future adventure traveling.
When buying online, use a website that gives you a percentage back of the money you spend. With Ebates.com you can receive up to a 40% cashback, and more interesting is that you won’t need to fight for points, or filling out tedious forms. You’ll get your cashback by mail or through PayPal Payment.
6 Research Gas Prices
Foremost, research gas stations in your neighborhood. Visit the areas you drive around whether it is for fun, work, or near home. Take notes of every gas station and check their gas prices. That was my old method back in college.
Today, everything is more comfortable with technology. We have apps that allow us to check prices of the nearest gas stations and earn money back, unbeatable deals on food, and fuel rewards. I love apps like Wase.
Prices vary depending on the location or competition between gas stations. The big company Costco offer great prices on gas to their affiliates. Using the membership card and a debit card, Costco‘s members can get significant discounts in cents per gallon of gas.
Miles per gallon of your vehicle. For example, We have two cars. One does great miles everywhere we go, the other vehicle is big and comfortable. Guess what car do we use on the weekends?
7 Sell Unused Items or New Products
Learning how to save money to travel is a mental attitude that it can take a little of practice. Selling unused items, is a chance to get back extra space at home, or discover stored items that can still have a functionality. Usually, those items are stored in the garage. They’ve been getting tons of dust and bugs for long periods of time.
Make an inventory of items to sell. You may have the impulse to keep them thinking about a future opportunity to use them. Let me tell you, once they are in the garage, there is a 98% chance it will remain untouchable for another year. So, think about your savings goals and don’t look back. Take the item, clean it, and post it for sale.
Where to sell?. Garage sales, flea markets, Craigslist, Facebook marketplace, or apps like letgo, OfferUp, or Mercary
If you want more ideas to sell new products, click here to find more.
Most people are afraid to negotiate prices. Whether you buy in-store, online, or at the Flea Market, there is always a better price to get, but you need to look for it or sometimes ask for it.
My strategy is this, If I am in a store ready to cash out, I look right to the merchant’s eyes, and ask for a better price. Sometimes I get a big “no” but, I always have a nice joke in hand. A great fun story usually saves me from an awkward moment. Besides, there’s a possibility to get the merchant’s sympathy, and a nice discount.
How to save money to travel is not only about implementing a strategy but also about committing to the plan and actions to take. All you need is to start as soon as possible. Think where you want to travel on your next vacation, how much money you want to save, and focus on that idea until fulfilling your goals.
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