Travel Tips
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How To Save Money For Travel: 4 Tips

footloosedev

People often ask me how I make my travel dreams possible. They assume that I am either lucky or independently wealthy. Well, to innocently admit it, I am not independently wealthy. Though you can call me a little lucky, for I’ve been travelling for almost two years now, and without having any steady source of income. But there’s more to it.

Before anything,  here’s a little on how I afford my travel.

If you’re considering travel more seriously and a little more frequently you need to be smart with your money – and that starts before you hit the road. Here are 4 proven, self-tested and effective ways to save money before you start travelling:

1. Avoid Eating Outfood

Love your local restaurant? Well that local restaurant loves you money. Avoid it. Restaurants and take-aways are a little too expensive now a days, I get sticker shocker every time I get the bill. “You need how much for a meal?” I lose my heart as I hear the figure in reply.

As an advantage I know cooking, and managing quick and easy meals is no hard task for me. I sort of learned that art while completing my study abroad. Similarly, if you’re serious about saving money, you need to start cooking or eat cheap processed food.

When you’re traveling, rely on local cuisine, which is always healthy, tastier, easily accessible, and far cheaper.

2. Lose The Carvintage-car

Now you’d say you run your car on CNG (as most frugal, new age hipsters, do in New Delhi, to make it economic). Let’s understand this using a sheet of paper and a pen. Write down all the money you’ve spent buying it. Add it with the figure you’d hopelessly donated to insurance companies so far. Then write an approximate for all the fuel and repairing cost till date. After taking a deep breath and adding the last two figures as well – see what did you get? Probably a large sum of money. I am sure you could travel another continent with that.

3. Buy Second Handshop-interiors

Okay so here’s a simple equation: why pay full price when you can pay half, or perhaps much less than that? You can get all kind of second hand material used for traveling on dedicated websites like eBay as well as on Facebook groups. One of the Facebook groups is how I recently had got my hands on a second hand Pannier for my bike and I found the one that fits my bike, with accurate measures. So don’t rush to the nearest digital store, next time you find yourself hooked to the idea of buying a Kindle or an iPad – give these channels a try. Internet is there for a reason.

4. Create A Recurring Accountcambodian-boy

Despite never having addicted much to the idea of money hoarding, I opened a simple recurring account while I still had a full time job. I used it to deposit about one fourth of my earnings, each month, for almost an year. This helped in few ways. I learned how to spend less; I could now save much of my salaried money; and by the time I quit my job, I had enough money to support my travels for a while. I personally felt binding yourself in something like this helps save a lot of money, which otherwise, and by any other means, is almost impossible.

 

AND A BONUS…

Learn How To Make Money Online
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Saving your for travel is indeed important. But if you can invest in yourself, and learn how to make money online, there’s no stopping you from being on the road indefinitely. For long term, full time travelling, you need a source of income, and as I know it, internet can give you that.

Is it writing or photography or coding? What are you good at? Identify your sills and put them to use, online. Reinvent your working style.

Corporates all over the world are looking for internet experts. See where you fit. And if you can manage to build a successful small business online and can work location independent, it is even better.

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Filed under: Travel Tips

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Shortly after my first real nine-to-five job, I left that lifestyle behind, and with it, everything that didn't fit in my backpack. I've learned that this world is too big (and too interesting!) to stay in one place. I believe that with a little courage and inspiration, everyone has the power to follow their dreams. Just as I've followed mine!

9 Comments

  1. And in case of women, stop buying those unnecessary dresses 😀 Practical tips ….especially about the Eating out bit. U really end up spending so much without really feeling satisfied.

  2. Awesome Tips. I agree with you on each and every. I have tried one or two for myself and they actually work. The coolest is explore your talent and by using it make money online. Thanks for this post.

  3. Great tips! I do all of these except for a recurring account. It’s an interesting idea and I might try it. Not having a car saves me a ton of money! Making money on the internet is a great idea, but people can also leverage their talents to make money offline. I make extra money tutoring ESL and it really helps me afford to travel.

  4. Great tips for saving money to travel! The other side of this is to avoid debts at all costs. Once you owe a bank for a car, house, or credit cards, it gets a lot harder to just walk away from your job. But even with debt, good planning and ambition can clear those and set you free. Any specific tips on good resources for making money online? There are services like Freelancr.. do you recommend things like that, or more searching for remote job positions via job boards?

  5. Awesome awesome tips. I really have to agree on all your points. When I went on day trips mostly I cooked and packed food after I realized the money spent on the food was equal to the money I spent on rest of the day put together!!! Btw, in my case I opened a PPF instead of RD!!! 😉

  6. Hi Dev. Those are some really awesome and practical points. Some of them apply even for a non-traveller. Especially, the thing about buying 2nd hand and having a recurring deposit.

  7. Hi Dev, great inputs indeed. I am a Travel Blogger myself, started also in 2015 but not left my job as yet. As is the case with most of us I think, we all present unique inputs on same set of questions “How to Travel More with less”, or “How I afford my travels” etc and this is so good.

    I also have a post titled “7 Tips on Saving Money for Travel” but didn’t think of including Newsletters point. Nice for letting me know.

    Happy Travels buddy !

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