Work. Save. Travel. Repeat.
There isn’t a millennial among us that hasn’t dreamed of quitting their day job to travel the world. While this dream is achievable for some, it’s not always an option for everyone. Whether you’re saving up for a weekend or a year, here are 5 tried and true methods to save money for travel.
Reduce or Eliminate Your Rent – Save Money for Travel
Move back home with Mom and Dad. Try Grandma. Maybe your brother. Or your sister. Move in with anyone who is willing to hook you up with a bedroom for less than whatever you’re paying now. Rent is the single largest expense that most people have, and by reducing or eliminating your rent (even for a few months), you are sure to save enough for your dream vacation–whether it’s skiing in the Alps, bicycling in Austria, or surfing in Bali.
Stop. Eating. Out.
They aren’t kidding when they say that your Starbucks habit adds up. It’s easy to spend a little money here and there, but do you really know how much you’re wasting on coffee? Would you rather spend $25 this week for coffee on your commute or enjoy a cappuccino and cornetto every morning in the piazza in Rome? The choice is yours.
Prepare all your own meals and pack snacks for when you’re tempted to grab something on the go. Don’t worry—you can still socialize with your friends by having them over for dinner. Host a potluck or try making new cocktails at home. By eating in every night, not only will you hone your cooking skills, eat healthier, and save money, but you’ll appreciate the homemade carbonara in Rome that much more.
Start a side-hustle—or two.
Have you heard of Upwork? Once you complete your profile, you can start applying for side-gigs. From data entry, to design, to fact-checking, to copywriting, these are the online gigs that pay you for what you’re already good at. The best part? You can do them on your own time from the comfort of your own home.
More of a hands-on kind of laborer? Check out Craiglist for local listings or pick up a couple of shifts at a restaurant as a hostess or server. The best part about working in a restaurant is that it’s cash in your hand. When you’re at the open market in Barcelona, you’ll be glad you worked the extra hours.
Unsubscribe. – save money for travel
Are you serious about traveling or are you serious about Shameless? All those subscriptions every month are costing you big money. Cancel all of your magazines (heard of the internet?). Get rid of your cable subscription (there’s nothing on TV anyway). Unsubscribe from all your streaming services–Netflix, HBO, Hulu, Showtime, Amazon, and even Spotify are all costing you too much money every month.
Even entertainment junkies can strengthen their friendships by using their friends’ accounts or watching shows together now and again.
Sell your stuff.
List your old furniture and appliances on Craigslist. eBay isn’t free but can be great for selling stuff of higher value, like any collectibles you have. Try Facebook to sell books, movies, and video games to the friends in your network. For selling clothing, hit up consignment shops like Plato’s Closet or use services like ThredUp. Sorting your old clothes makes you realize how much junk you’ve accumulated over the years and will leave you surprised at how much you just don’t wear. With all the new space in your closet, you’ll be able to justify buying that new Italian leather bag you’ll inevitably fall in love with in Florence.
These methods are basic, but they’re tried and true (trust me). You’ll be beachside in Valencia before you know it!
I’d love to hear your favorite tricks to save money for travel! Leave them in the comments below!