QUIT WASTING YOUR MONEY AROUND AND SAVE YOURSELF A TRAVEL FUND


Do you know how to save money for your trip? Do you know how to handle personal financial savings?

If you normally struggle with the answers to these two questions, then here is a good read that will enlighten you on how to save funds for your travel destinations wisely.

Travel involves making a journey to a different geographical place for leisure, business, work or adventure. Travel involves people, funds, destinations and mode of transport. Travel can be by foot, bicycle, automobile, bus, truck, rail or air. It can be a one-way or round trip. Travel can involve long or short stays.   The focus for this guide is for you, especially if you are intending to travel for short stays during your next destination. As funds and plans are required to make a journey, it is important to save well in advance, especially if you are a budget conscious traveler.

Well, with funds and plans in place, you are ready. Wake up. Go out and eat. Meet people. Adventure, do things and see things, and enjoy.   Scott says that  have traveled to lose myself, to find myself; I’ve traveled for silence, for peace, for time. The common denominator is movement.’

6 Ways to Save Money for your next destination

There are several ways that can be used to ensure that you save money for your next travel destination.

  • Make your plans with concrete goals

Decide when and how, as well as where you want to go. Put a budget to it. Search hotel costs, travel, meals and other logistics like shopping, park fees and snacks. This will give you a specific idea on how much you will need to meet your goal.

  • Start saving and make it easy.

Make it as easy for yourself as possible. Start saving months in advance. Set up a separate travel savings account, with automatic savings, if possible. You can save in bank accounts that do not allow frequent withdrawals or ask your employer to be deducting a certain percentage monthly. You can also pay in advance for travel tickets and hotel.     If you receive a windfall, set aside a percentage and save for your vacation. Windfall comes in as bonuses, dividends, tax refund, and salary raise or business boom.

  • Find ways to add income.

Given that there only two ways to make money; making more money or spending less, it is easier to cut on expenses, than to find time to increase your income. Some easy ways of making extra income is by having a yard sale, doing freelance jobs, selling unused furniture and taking up part time jobs. They all add up. Remember your goal and set it upon yourself that extra income is for savings for your next travel destination.

  • Write it down and go public.

What is written is achieved. The written goal should be pasted in visible areas in your house. Research has shown that if you write down your plans, you are more likely to achieve them. Also, go public and tell your family, your friends and colleagues of your forthcoming vacation. This way, you will be more committed and focused.

  • Cut down on recurring expenses

These are frequent, period and regular expenses that we all incur. You need to do an analysis and sacrifice what you need to cut down in order to save funds for your next travel destination. These recurrent expenses are things like car expenses, phone expenses, pay TV subscriptions, dining out, movies, home phone line and coffee (a difficult one!).

  • Subscribe to newsletters and online booking sites.

These two platforms provide you with guides on when fares are low or when hotel rooms rates low. They guide you on special rates, special discounts and this makes you save money that can be translated into meals or other amenities[4]  Above all, please take travel insurance, a phenomenon that is increasingly becoming a necessity. This is a cheap way of cushioning yourself against risks, danger or medical problems that may come your way.

[1] Wikipedia, Travel; Retrieve https://en.wikipedia.org/wiki/Travel      [2] Matador network, Travel Stoke, What is Travel? And What is A Traveller?, Scott Hartman; Retrieve https://matadornetwork.com/bnt/what-is-travel-and-what-is-a-traveler/       [3] Travel + Leisure, How to save Money for Your Dream Trip (February 24, 2016), Caroline Hallemann; Retrieve http://www.travelandleisure.com/articles/how-to-save-money-for-vacation       [4] Let’s Go Bear Travels, Family Travel Made Easy, 7 Tips to save money for your next family holiday; http://www.letsgobeartravels.com/7-best-tips-save-money-next-family-holiday/

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