Home » Tips & Reviews » How To Save For Traveling?

How To Save For Traveling?

by travelmynation
How To Save For Traveling

2017 has been one of the best years of our life. From starting Travelmynation to visiting the North East, we had so much fun. In fact, we were also blessed by our families as we got hitched last year. This new year as most of us take on new resolutions, we decided to take one too – invest ourselves in TRAVEL. No more googling “get paid to travel” or “fund my travel” or “travel the world and get paid”. We were gonna do it ourselves.

“Be fearless in the pursuit of what sets your soul on fire.” – Jennifer Lee

For us travel is essential; it’s our oxygen and deeply embedded in our DNA. It’s so much fun, adventurous and exciting but at the same time, it’s very expensive. The other day we were counting the number of destinations we had covered over the last one year and were astounded by a list that was 50+ strong!!! WHAT????? And then we started calculating approximately how much we have spent on these trips and the figure was closer to a couple of lacs! WOW. That number looked quite a lot and somewhat ridiculous for a couple belonging to the middle-class strata.

We were scared and wondered if we would ever be able to travel like we dreamed of since we had made traveling our priority. Till now we had normal jobs, roughing it out in the big city, battling the expenses and sometimes saving a little amount. And with hardly any money in the bank, we decided to save more and figure out ways to cut our expenses. Today if we look back and think “how did we manage to spend so much on travel – we know we worked hard and compromised on a lot of things to manage our travel cost.
How To Save For TravelingA lot of you ask us how we fund our travels. There isn’t a magic formula or a secret recipe nor an angel investor. Here are a few tips which may help you save for your trips like we do.

1. Get a piggy bank: Every person receives a piggy bank at some point in their life. If you already have one then you are on the right track. In case you don’t have one, then get it as soon as possible and start saving religiously for your big dreams. Nowadays the piggy banks are just called banks :-). We had fixed an amount that needed to be saved every month and stuck to that religiously

2. Cut down on your expenses: Don’t you hate this one? Now that you have taken the first step towards saving in your piggy bank, the next step would be to cut down on your unnecessary expenses. You like switching phones every year?? Well, maybe you could do with it for one more year! We shop but only when we must, we buy things only if we don’t have them. Cutting down on upgrading existing items is a major money saver!

3. Cut down on unwanted shopping: As a woman, I know how much girls like to shop be it clothes, makeup, shoes, accessories etc. However, we need to set our priorities right and since I have chosen travel as my priority I have cut down on my shopping. I hardly buy anything and try to adjust with whatever I have in my wardrobe
How To Save For Traveling4. Avoid eating outside: Bummer! But this is a huge unhealthy expense. I know the temptation to eat is tough to overcome especially is you are a foodie. We eat out as well sometimes but stay away from expensive joints; we choose to go to a local mess and have better food!

5. Control your phone bills: Switching to a pre paid plan is much more cost effective than post paid connections. Use apps like Watsapp and FaceTime to make your calls like we do. Having landlines at home might also be an unnecessary expenditure for many.

6. Sell your crap: Start searching ever nook and corner of your house and bring out all that crap which has been lying in your cupboard for ages now. Once you catalog them, sell that stuff and earn some money. We do this a lot too 🙂

7. Change your lifestyle: A few years ago, we took a look at our spending and realised that we had a lot of expenses which could actually be trimmed or even eliminated. As much as it broke our heart, but we gave up expensive grocery stores, drinking at pubs, branded clothes and lots more

8. Keep a close watch on airline pricing: Travel has not only made us penny wise but it’s has also made us street smart. We follow airline pricing closely and figure out the best time to fly to avoid high fares. If you know you need to travel during peak season, book well in advance. And with the government getting norms on flight cancellation fees, it should be easier for all of us to book our tickets much before the trip is finalised

9. Use the age factor: Never feel shy to ask for a discount especially if you are a student or an elderly person. Use your age factor as a weapon and make some profit out of it.

10. Use credit card rewards point: Pick your credit card wisely. Depending on where you spend a lot of your money, pick a credit card. Our card lets us buy flight tickets in exchange for reward points. There are cards that will save you money in shopping, fuel, movie tickets. Pick the one that suits your lifestyle the best.
How To Save For Traveling11. Use cash: When you swipe your card or use your eWallets, you don’t see the cash going out of your account. We tried switching to cash and realised that psychologically it made a huge difference in how much we spent. The moment when we started handing our more and more currency bills, we saw our savings dip further!

12. Plan trips on weekdays: Whenever possible, travel during weekdays. Hotels offer rooms at a discount due to low room occupancy, you get better service and burn lesser fuel on the traffic free roads

13. Ditch the brands: Thinking of stopping over for a cuppa on the highway? Try to avoid expensive cafe and head over to the chai tapri to save tons of money. Cafe’s are great but for us, its required only when we need clean bathroom breaks

Saving and cutting down on expenses might not be fun, and difficult for many but if you want something so bad then the formula is simple – live within your means and save the rest. The love for travel comes from within and not from seeing others traveling. If you are a true traveller then you will sacrifice, adjust and learn to accommodate. Rooms or tent, kosher food or local food, toilets or nature; nothing will matter as long as you are traveling. This isn’t the holy grail to fund your travel but something that we practiced and worked for us. If you dream it, you can live it. But you gotta work for it!

Do read our article on Tips for Solo Women travellers and Life Hacks for solo travel as well.

 

You may also like

13 comments

Meena Joshi February 12, 2018 - 7:30 PM

Loved this one. The tips are useful at any age. Going to try as many as I can and travel more.

Reply
travelmynation February 14, 2018 - 8:58 AM

Thanks so much for reading and leaving your comment. Am sure you also have useful tips and would love to hear some of them from you!

Reply
avi February 14, 2018 - 10:20 PM

Nice read..keep it up

Reply
travelmynation February 15, 2018 - 6:06 PM

Thanks a lot for reading Avi!

Reply
Ankit February 16, 2018 - 11:50 PM

Wow.. Few already in practice and implementing rest after reading them here!! Thanks from sharing this with the world..

Reply
travelmynation February 17, 2018 - 7:40 AM

👍🏼👍🏼👍🏼

Reply
Harish March 16, 2018 - 11:48 AM

Such a nice article..I follow a few and you guys almost covered selling the unused crap lying down..Amazing..

Reply
travelmynation March 16, 2018 - 11:55 AM

Hey harish. Thanks for reading and leaving your comments. We are happy to know you liked the article. Do share with your friends as well and let us know if you would like us to write about something else as well.

Reply
Ashwath July 1, 2018 - 6:29 PM

I just loved UA article….😍😍😍👌👌Down to earth couples 🙈🙈👌👌 Thanks for sharing amazing tips…looking forward to see more n more adventurous trips from travel my nation…😍✌Lots of love ❤

Reply
travelmynation July 1, 2018 - 6:32 PM

Hi Ashwath. Thanks a lot for reading our article and leaving ur comment. Your kind words are really appreciated!! Keep reading and do share with ur friends as well

Reply
travelmynation July 13, 2018 - 5:00 PM

Thankyou so much Ashwath. Glad you liked the article. We will try our best to share everything we know about every place we have been to 🙏🏻

Reply
Make friends while Travelling! - Travelmynation August 28, 2018 - 11:48 AM

[…] are other great travel tips on saving money or saving time as […]

Reply
The Cross-Country Rider - Bangalore to Delhi - Travelmynation September 16, 2018 - 11:02 AM

[…] Suggested Read – Awesome tips to save money for traveling!!! […]

Reply

Leave your thoughts

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More