A lot of us want to save money for travel but they just don’t know how to start and when to start. It is like they will be motivated to save now but will spend the saving after a while. If you want to save and travel later, here are some tips you can follow:
Know what you spend. It is difficult to spend without knowing what you are spending most of your money. Aside from paying your rent and utility bills, expect some surprise expenses you might not knowingly spending. To start saving, track every cent you are spending. Yes! Every cent count. What you might be spending paying for a Starbucks coffee every morning may be one reason why you cannot travel.
Set a goal. There is no sense going on a vacation spot and not even planning ahead about how much you might spend there. Better get a sense of your location and the average spending locals and travellers do there and round up the number. But also make sure you bring some extra cash and not just the roundup number.
Set your home budget. Now that you know how much you are spending and what for, you can now create a more realistic budget and adjust your life expenses accordingly. While you may have to curb down on some unnecessary spending but you know that if you follow your budget, your dream vacation is not that far to reach. Just knowing that your next vacation is soon to happen will motivate you enough.
The tips above can help you set up your travel fund. You don’t need to be rich to love travel, but you’ll need to be creative about saving money for travel.