So you are envy and all green to see how much fun your peers had on their international New Year trips and it’s time you too wish to create your fancy Instagram stories by globetrotting. But there’s one problem, “where’s the money?”
Well you are not the only one with this question, the reality is that those friends would have sponsored their international vacay in one of two ways (unless they had a windfall gain, inheritance or a big fat bonus) viz either by just taking a loath of personal loan or by saving smart for months to wisely spend that money on travel without burdening themselves under high interest rates.
You too can opt for any of these two options; however, the latter is a prudent choice. Here are five smart saving tips if you wish to quench your wanderlust anytime soon:
1. Estimate Your Spend & Plan in Advance
Get a piece of paper and pen down the cost of flights, stays, meals, sightseeing, admission fees, travel insurance and the money you’ll need for shopping around. Arrive at a realistic figure and start saving backwards. Lookout for travel deals to save money.
2. A Dedicated Account
Get a dedicated account for your travel only and start piling money. Do a monthly round-up on this account to gauge how far your trip is. As soon as you open this account, stash all the cash you have so as to restrict yourself immediately from spending prolifically. Try to assign an international credit card too and avoid spending from this credit card to make way for bills that’ll follow during your travel.
3. Drop Unnecessary Expenses
If you are serious about your world trip, think seriously about dropping a few unnecessary expenses like a dance class or a gym membership, eating outs, Saturday night parties, etc. however, do not just drop these expenses and carry on with the cash, rather take out the money every time you ditch these plans and put it in your travel fund.
4. Work Extra
Pick some free lancing jobs for an extra hour each day and for the weekends too for the next 3 months. And save each and every penny you’ll earn in your Travel Account. A little extra work will pace-up your saving and you won’t have to compromise on essentials.
5. Sell
Sell all the unnecessary clutter you’ve piled up around your house. It will be a good activity to de-clutter your home as well as will raise a substantial amount of money for your travel time!
If you are the one who doesn’t freak out for other’s opinions, then put a wall chart of your estimated spend, savings in your travel fund, expenses you are dropping every now and then, the extra work you are putting up, and what all you’ve sold so far to raise more money. You’ll stay motivated and on point for saving more to live your World-Class dream!
