Saving money for travel is easier than most people think it is. Here are some simple everyday ways to save A LOT of money. Put the money you save by following these tips into your travel fund and watch how quickly it grows!
Skip the Take Out Coffee
Coffee and coffee drinks are expensive. An average drink is around $3.50. Rather than stopping at your local coffee shop every morning, invest in a good insulated travel mug and brew your coffee at home to bring with you.
You could save up to $20 a week making this one small change. That adds up to over $1000 a year!
Cancel Cable Services
Yes, you can survive quite happily without 500 channels. In fact, you can watch a lot of television programs for free or low cost online. In the United States, Hulu.com and Nextflix.com offer thousands of television shows and movies for under $10 a month.
A lot of programs are also available for free on their network websites.
Think Before Buying
We love to buy things. Before you buy anything, consider asking yourself, “Is this going to significantly make my life better?” If the answer to the question is “No,” don’t buy it and put the money you were going to spend in the store in your travel piggy bank. You’ll be surprised how quickly your travel funds can build up by asking yourself this question every time you go to buy something.
An easy way to tell if something is going to really make your life better is to go by the 30 Day Rule. The 30 Day Rule is simple: For all unnecessary purchases (things that are not crucial to your survival) wait 30 days before purchasing them. This ensures that you don’t buy anything on impulse that you don’t really need thus spending money that doesn’t need to be spent.
Use Your Local Library
Buying new books from a bookstore can be very expensive. Rather than drop a lot of money on a new book, go to your local library and check out the same book for free. Most libraries also have books they no longer need for sale – usually for around $1 a book. Public libraries are an amazing resource for saving money!
If you read books digitally, there are websites, such as Amazon.com, that offer downloaded books for free.
Your local library is also a great place to rent movies and television shows on DVD for free.
Pack Your Lunch
If you work outside your home, consider packing your lunch at home and bringing it to work rather than eating out. Eating out for lunch even twice a week costs more than you might think.
For example, if you eat out twice a week and pay $10 per meal, 50 weeks a year, you’re spending $1000! That $1000 could go a long way in your travel fund!
Sell Unused Items
Clean out your closets, bookshelves, garages and storage units and sell all those things that are unused, forgotten or just not needed anymore. Hold a garage sale, sell items on online auction and sale sites.
You’ll be surprised at how much potential money is just hanging around your house!
Buying used items can save you a lot of money when you need to make purchases. Thrift stores are a great place to find all kinds of items like clothes, furniture and household items. You can often find brand named items in great condition – sometimes with the price tags still on them – for a fraction of their retail cost.
Use online auction and sale sites like Ebay.com, Craigslist.org and Shopgoodwill.com to buy what you’re looking for a deeply discounted prices.