Right, we all know that we want to travel: the difficult part is figuring out how we do it. As much as we’d like to say otherwise, travel is an expensive business, whichever way you look at. There are corners you can cut to save money (more on those below), but you’ll still need a sizeable chunk of money to get you on the road in the first place. If you’ve been gazing longingly at a map of the world in recent times and have decided that you must travel, take our advice below, and you’ll be basking in an adventure in no time at all.
Dedicated Travel Fund
Every journey starts with a single step, so the proverb goes. In your case, this journey will start with a single penny! Starting a travel fund where you put all your loose change, and monthly direct debits (another bank account, not your main one) might not always be the most exciting way to save, but it is effective. Of course, you’ll need to have in mind that this can take a while. However, if you’re planning on travelling in, say, a year or so from now, then you’ll be surprised at just how much you can save when you put your mind to it.
You could be travelling to the most expensive cities on earth; it doesn’t matter: there are always ways to cut corners and save money on your travel expenses. It’s not unthinkable that you could save half of what a person who doesn’t think about their costs would spend. Take the flight: book early, with a budget airline, and you’ll pay less than what you would if you booked late. Also, when travelling, leave the five-star hotels: Opt for 3-star hotels, or even better – take a tent and sleep for free (ish).
You don’t have to settle for only what you currently have. There are other options to get money available. You can fund your travel by getting a loan, or if you have bad credit, by borrowing money from family or looking at loans for people with poor credit. You’ll have access to the kind of cash you need to have a full travel adventure, and will be able to pay it back over a longer period. It’ll be much more enjoyable putting money aside when you have memories and photos to soothe you through the working week!
If finding extra money or putting portions of your salary aside is difficult, then look at taking on a second job. Working an extra 5-10 hours a week can make a big difference, and can raise a lot of money very quickly. If you have a unique skill, see if you can make money that way, be it through teaching others, writing a blog or ebook, and the like.
Selling the Surplus Stock
If you’re in a pinch and have a car, ask yourself: do I really need a vehicle? You might have several thousand pounds sitting out on your driveway!