Find Out How Much You Need
Whether you are planning to travel for 6 months or are planning to visit different countries spread throughout the year, it is important to research to gain an understanding of how much money you will be aiming to save to make it possible.
The internet is your best friend as well as taking advice from others. Decide how long you wish to travel for and what you plan on doing when you are away. This can give you a breakdown of costs and then you can plan how long it will actually take you to save the said amount.
Separate Your Savings
It is beneficial to open a bank account (savings account) dedicated to your travel experience. Each month, put away a set amount into the separate account, in order to keep it away from your other monthly expenses.
If you are saving in cash, you could always take the old-fashioned route and buy a money jar to keep your travel savings in too.
Make A Budget Plan
Budgeting is an extremely helpful way of achieving your financial goals, as well as ticking off your bucket-list in a financially responsible way.
Budgeting your monthly income can help you see where you are spending money and perhaps where you could be cutting down to make more money for travelling. You may find you are spending too much money on clothes, eating out, unused subscriptions and memberships etc.
This is a great money-saving method to plan every expense.
Sell What You Don’t Need
Everyone is guilty of having unused clothes or items in their home. Nowadays online, you can sell your unwanted items for money. This could be Facebook marketplace, Depop, Vinted etc.
Instead of throwing unwanted items away or hoarding them, it is always better to sell them and make money. Every little helps towards your travel savings.