Photo Credit: Photo by Colin Watts on Unsplash
This Is How Frequent Travelers Save Money For Trips
We’ve all seen that person on social media who always appears to be traveling around the world and we ask ourselves, “how can they afford all of these trips?”
The truth is, traveling multiple times per year can actually be more attainable than we think.
If traveling more is a priority to you, there are ways to make it happen – all you have to do is get a bit creative and save.
Here are ways frequent travelers save money for trips:
Be Intentional And Specific About Saving For Travel
Setting up a ‘travel fund’ is a great way to save for a trip – or three.
You can set aside a percentage of every paycheck and put it into a special account.
Another option is having a physical ‘piggy bank’ and putting loose change or $1, $5 bills in it. Eventually, it will add up to a significant amount.
Make It Your Top Priority
Think about the money you spend on drinks with friends, new shoes, the Zara sale…etc.
Most of us spend money on things we don’t necessarily need.
By becoming more conscious of your everyday purchases, you can save enough for travel.
Take Advantage Of Credit Card Miles
Reap the benefits of your credit card miles while also building your credit!
A lot of credit cards have great miles incentives, where you end up earning enough miles to redeem a flight paid in full.
Chase and American Express have great air mile incentives.
Eat Out Less Often
Dining out in restaurants can be a great experience, but if you want to travel more, cooking at home will undoubtedly cut costs.
Grocery shopping and meal prepping can not only save you major bucks, but it’s also healthier than constantly eating out – killing two birds with one stone.
If you must dine out, try limiting it to once a week.
Get A Side Hustle
Make some extra cash on the side to add to your ‘travel fund’.
You can Airbnb your place, pick up a part-time job or even do freelance work.
There’s An App For That
Digit is an app that saves for you, making it super easy for money to add up in your travel fund.
It works by taking small increments out of your checking account.
Before you know it, you have enough money set up to book a flight.
Qapital is another app for mindless saving. It rounds all of your debit purchases to the nearest $5 (or whichever amount you choose) and then puts the extra money into your ‘travel fund’.
Use What You Have, Or Borrow
We all know the importance of slaying and serving looks while abroad.
Instead of blowing money on new clothes, use what you already have. If you don’t have anything suited for your trip, try thrift shopping or you can even swap gems with your bestie.