If you’re anything like me, most of your dreams involve travelling and exploring different parts of the world. But with the cost of living, bills to pay, and other general “adulting” that’s happening in your life, you just can’t seem to manifest those dreams into your reality.
I’ve been trying to teach myself better budgeting and financial planning recently—partly because it’s about time, and partly because I have no choice. I’m learning slowly that with a good plan and better self-control, there’s a lot that you can achieve financially that may seem impossible in the moment. So here are some quick tips on saving up for your dream trip!
Pay off any debts you have
The first place to start when trying to create a solid financial plan is dealing with any debts that you currently have. You may not want to pay your debts off because, quite frankly, it might be a major set back. However, the truth is the sooner you start the process, the quicker you’ll be able to achieve your travel goals! Need some expert debt advice? Head to debtconsolidation.loans. Paying off your debts will allow you to enjoy your holiday without having the burden of financial woes weighing you down.
Create a budget
Once you have paid off your debts, you should then create a budget, which will allow you to see how much money you can put into your travel savings account each month. Your budget does not need to be complicated. It simply needs to detail the money you have going out and coming in every month so you can see what is left over. I usually do this in a spreadsheet so I can easily calculate everything. From there, you will also be able to figure out if there are any areas where savings could be made. Give your utility providers a call to see if there is any wiggle room or deals available! You’d be surprised by how many deals suddenly become available once you mention leaving their service ;).
Speed things up by making some extra cash
Last but not least, you can speed up the saving process by finding different ways to make some extra cash. There are more and more freelancing and remote working opportunities that are becoming available. If you have skills in anything from admin and software development to writing and translation, you should have no trouble picking up a bit of extra work online. Head to medium.com for a great guide on freelancing. Other ways to make money include selling some of your belongings and renting out your driveway or unused parking space. The more income you can create, the faster you’ll be on that plane!
So there you have it: some tips and tricks to saving for your dream trip. It all begins with dealing with any outstanding debts you may have. This may seem like a hard task, but it is certainly the best place to start. No one wants to travel with the burden of debt putting a dampener on things. Once you have that out of the way, it’ll be a way easier process saving up enough for your getaway! Bon voyage!