January 10, 2017

How To // Save for a Vacation

I have been fortunate enough to be able to visit 17 countries in my life. Each one of these trips have been incredible experiences, learning new things, and meeting new people. Although some of these trips can been with my family, I have been lucky enough to travel by myself which is the most rewarding experience!

Because of my travels, I often find my friends and family asking me how I can afford to travel this much. Now I don’t have an unlimited spending account or travel for free so I thought I would tell everyone my secrets on how I save for my travels!

Save your pay check! Whenever I receive my pay check, I think about the items that I absolutely need like rent, grocery shopping, money for savings, etc. and then I take the rest of that amount and divide it. Using the 70/30 rule, I spilt up the amount of money. For example, I have $500 left over from my initial pay check, $350 would go into my travel fund and $150 would go into my spending account. Within a year my travel fund would have $4,200 in it, a good chuck of money to spend on an adventure!

Make your own fun! Following my above rule, I have $150 per month to spend on going out with friends, going shopping, birthday presents, etc. For some people this can be more than enough and for others this would be not enough. As I try to stick as close to my budget as possible, being able to make my own (homemade) fun. Instead of going out to dinner, I invite my friends over for a potluck at my place. Instead of purchasing birthday gifts, I try to make my own gifts from DIY’s (Example Laur DIY) or Pinterest (Follow me on pinterest).

Double up! Some of my fellow travel friends have tried many different way to earn the most money in the smallest amount of time possible. If you have a full time job or specialize in something, maybe do freelance work. Although it can be difficult to get the first contract, it is well worth it in the long run! If you are currently working part time, you can try to balance a second part time job to earn a little bit of extra income.

Spend money on experiences, not things. This last one is important for me to remember sometimes. I can sometimes be a bit impulsive when it comes with purchasing things. When I do this, I end up with an assortment of random things that I do not need. So when picking up an item, I have to think about if I really need it or could I put my money towards travelling.

As always, I would like to hear your tips and tricks in the comments down below!

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3 thoughts on “How To // Save for a Vacation

  1. I love that idea of designating part of your leftover paycheck to travel! SO many people just “save up” without a concrete plan and the end result is no money saved haha. I like to make my own fun too. I think this is most important with alcohol. Drinking out will DESTROY your budget, plus I prefer a good ladies wine night at home to clubbing anyway. Great tips!

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