Your search for the Holy Grail is over.
It’s time to reveal the secrets to saving money for travel – the stuff hidden in the vaults and only available to members of the Illuminati.
You’ve been looking under mattresses, buying lotto tickets, and getting small loans in an effort to travel sooner and longer for far too long.
There has to be (and there is) a better way!
It’s hard to save for travel and well let’s face it, who wants to cut out their daily latte?
Probably not millennials and many others for whom travel is an important part of life.
I was waiting to check out of our hotel the other week. It was the end of our 18-month road trip around Australia. We were splurging, because let’s face it, I’m not ready to give up these extraordinary views of Coolangatta Beach from these holiday apartments.
An email from Source Bottle arrived in my inbox with a call out for expert advice on saving money for travel. It read:
“For millennials and many others, travelling is an important part of life. But, it can be hard to save for it. Often we may find ourselves seeking things or getting small loans to muster enough cash. There has to be a better way.”
Oh no. I groaned and rolled my eyes. Is this for real? An indicator of the laziness of a society who wants it all and wants it NOW.
Quick. I gotta go. Just give me your secrets. What are the shortcuts?
We get it all the time in regards to our travel blog.
“I want your life. I want to get paid to travel the world. What are your secrets? I want it now.”
Not the hard work or the longevity building, but just the free travel, NOW.
99% of those people disappear once I tell them our “secrets”. It involves years of hard work, content writing, community building, networking and not to mention getting vulnerable, conquering fear and changing from the inside out.
There are no secrets. There are no short cuts.
You want to travel more? You’ve got to save money.
Unless you have a rich uncle or win the lotto.
There ain’t no Fairy Godmothers. Although I do believe in an unseen power that walks towards you when you commit and take action to turn your dream into a reality. But, it involves you doing some work to meet that power halfway.
1. Cut Your Expenses
Where are you wasting money?
The older I get, the more I don’t want to be a Scrooge MacDuck, but there are still things that I don’t care to spend my money on, like magazines and expensive sunglasses (they always break so why bother!).
Make travel a top priority. It has and always will be my priority. I’m guessing it is for you as well.
What are you spending money on that does not align with your priority and values? What can you sacrifice without it feeling like a denial of pleasure?
Go through it with a fine-tooth comb and cull cull cull. Know your values and priorities and live for them – not for the Joneses (Who the hell are they anyway?).
Here are a few more posts that can help you when it comes to cutting expenses.
- 30 ways to reduce living expenses
- Why budgets and tracking money might not be a good thing
- Save your money bonuses
2. Increase Your Income
One of my favourite authorities on money to follow is Ramit Sethi. He speaks about how to live a rich life, but it’s not about using coupons and cutting out your daily coffee or green juice. This can be a great thing to do when you’re saving for anything, BUT, the number one strategy we’ve always followed is increasing our means (our income).
I don’t want to cut out my cappuccinos. I don’t want to wait until I save X thousands of dollars that come from cutting out everything that gives me joy in the present moment. I do want the better and faster way. Earning more money gives it to me.
Wayne Dyer in his book, “What we really want for our children” talks about the joy of the present moment in his chapter of the same name.
It’s a much deeper conversation in the book, but I think the following ties in with the idea that we have to deny ourselves pleasure, or view instant gratification as a problem.
It might feel contradictory to saving money for your more worthy goal of more travel. But, if you think a little broader in terms of how that sacrifice might affect the pleasure of your current moment.
You’re clever enough to, not just save the money for your dream, but create the money for it too. One has an attitude steeped more in abundance, one lack.
“Let’s set the record straight here for children and adults alike. Pleasure is terrific and you should try to fill your life with as much of it as you can. No conditions, no apologies; a simple fact. Life is to be enjoyed.
Life does not have to be seen as a series of misfortunes, suffering, drabness, or constant misery. It does not have to be serious or grim in order to be relevant. Children ought to learn that it is foolish to see life as a suffering experience, and that enjoying life and everything they do in the present moment is the healthiest apporach they can take toward being a no-limit person.
The joy of living in the present then, is an inner concept that begins with the suppositions that pleasure in life is not bad, that joy is better than suffering, that everything in life is a miracle, and that living fully now is far superior to planning, plannning, and perhaps never arriving.”
Joy in the present moment and living the true expression of yourself generally opens your world of our box to greater opportunities to create more money.
My motto is and always has been:
That’s why I’ve always worked multiple jobs, worked over time, taken on boarders, and now have my own business.
You are powerful beyond measure, and there are always ways you can increase your income to get the money you need.
Some more posts that might help you:
- 16 ways to create more money for travel
- What if I just don’t have the money? 10 actionable steps to change that
- 5 tips to get out of debt so you can travel more
- The 30 day money cleanse
3. Save all the excess
Now take all the money you’ve saved from the expenses you don’t need nor care about, PLUS all that extra you’ve collected from creative ways to earn more income, and whack it into your savings account.
Because you do have a travel bucket list savings account right? You’ve got to be automatically putting money away each paycheck to go towards your dreams. Then all the extra you’ve gathered needs to be added to this.
It should be a high-interest savings account. Having this travel savings money bucket recently helped us get the money we needed to attend the White House Travel Summit at the last minute.
It sure depleted it and then some, but by following our strategies above we are filling it back up again, patiently and without heavy sacrifice stealing our present joy.
Some posts to help:
You don’t have to delay your travels if you just earn an income while you’re doing it. It’s a brilliant strategy for travelling more and travelling often.
Here are some posts to show you how we have:
- The jobs we’ve had working around the world
- How to teach English overseas
- My experiences teaching overseas
- 9 ways to prepare and protect yourself before working abroad
- How we make money travel blogging
Do you agree with the secrets or do you have some more shortcuts you can share?