Every traveller has fantasies of exploring new places around the globe. But the reality is very unpleasant as travel costs money and for many of us, this is not an everlasting resource.
It’s a huge Mountain to climb, but it’s not impossible.
Following are the top 5 tips on how to save money for your upcoming trip around the world.
1. EVALUATE YOUR EXPENDITURES
Keep a journal for your daily/monthly example expenditure. Organize them into two columns: ”NEEDS” & ”WANTS”
Slowly cut down all the ”WANTS” from your list. Here you go, saving your money for your dream travel by eliminating your extra wants.
2. MAKE A BUDGET
The important step in saving for a vacation is planning for it. Plan our where you want to go, where you want to stay and also keep the estimated expense of your food, accommodation and airfare. Then start saving according to your budget.
3. CANCEL YOUR SUBSCRIPTIONS
I know it’s very saddening as we all love to binge-watch and have fun but we spent so much of our money. So cut off your Netflix and save. If you’re the one who can’t go without Netflix, Amazon, Spotify and other platforms, then set up an account in partnership with your friends and family members. This way you can save your money too.
4. CUT OFF CONVENIENCES
There are certain expenses we didn’t realize we’re there. We never know they are so small. It could be coffee, buying unwanted home necessities, etc. People bleed money without realising it. Few rupees here and there can add up. So cut off your phantom expenses.
5. PART-TIME INCOME
Every person has some hobbies like painting, cooking, blogging, photography, etc. To save money add additional source of income-you should start thinking about monetizing your hobby.