22 ways to reduce your expenses, grows your bank balance and have money on travel
Write all your discretionary spending. This is what you spend for food, movie nights, drinks, shopping, that daily Starbucks coffee, cigarettes, sports tickets, the daily lunch snack and other similar things. , If you do not know what you spend money, do your costs for a two-week period to track what you spend, and come back
Add that all up - what you got? Probably a large sum of money. And I bet there will be many expenses that you were not sure since. Financial experts call this "Phantom costs" - we never know they are there because the costs are so small. People bleed money, without realizing it. A dollar here and a dollar there adds up. Also a daily bottle of water or chocolate bar can make a substantial difference in the course of a year.
What does that have to do with travel? One of the main reasons why you think that you can not travel around the world, is money. "I can not afford," the people say to me: "I have too many issues." Most of us certainly have costs we do not (although remember when you travel around the world, all of these issues disappear) can cut, but if we cut our Phantom costs, our set to reduce costs and find other ways we save a lot faster to build our travel budget.
No matter how cheap we want to be, traveling requires some money. There is no way to avoid that, so in order to save for our trips, we have to reduce our costs. Here are some simple and creative ways to cut your costs to make money, and on the street earlier:
Coffee - Love your Starbucks? Now, Starbucks loves your money. Coffee is a daily cost, which quietly drained your bank account without you ever noticing. The daily $ 5 coffee costs $ 150 per month. At $ 1,800 per year, which is two months Southeast Asia. What is more important: your daily cup of Joe or spend on the beaches of Thailand more time or the jungles of Borneo to explore? Enter the coffee, change from cappuccino to a standard brew on, start drinking tea, or make your own cup brewing.
This is a simple, low-hanging fruit costs that can achieve great savings immediately.
learning to cook - We all need to eat, but eat these days are always quite expensive. I have every time I go to increase shock sticker, eat. You want how much for pasta! To keep your grocery bill low, cook more often. I have to cook learned while in school (a skill that has helped me ever since), and before I for my first trip to the left, I cut my food per week to two times down from. Every other dish I cooked myself. I would the next day save the leftovers from dinner for lunch, thus saving more money. You do not need not be a whiz in the kitchen, too. There are a million and a cooking sites that teach you how to cook quick and healthy meals - perfect for people without a lot of time
For more information :. How cheap to eat and money for food SAVE
to lose the car - own cars are crazy expensive, between insurance, repairs, credit payments and the tank with gas filling (current average gas price: USD $ 3 per gallon). Get rid of your car if you can. Learn to love the bus, take the subway, bike or on foot. It took longer by public transport to get to work, but I found that I was not really a car needed as much as I thought. I understand that this tip may not be possible for anyone, especially in smaller towns, which is not a well-developed public transport system, but an alternative to your car to sell and buy used a cheaper, with the only until you need to leave for your trip. to buy a disposable car allows you to sink the money from your expensive car and they find a roommate in the direction of your travel put
-. They are a big profit in your savings seen by lowering your housing costs. Resize your apartment or bring in some roommates. If you can, try to move with mom and dad. Six months before I went abroad, I moved with my parents in. I love no more than 25 to be and living with my parents, but I saved over $ 3,000 rent as a result. If this is not possible for you to bring in a roommate. Turn that living room in a spare room if needed. In NYC, people turn room in bedroom and studio apartments live in two bedrooms by a screen in the middle of the room set. It is not an ideal living situation, but it does save money
Let rid of cable -. In the age of Hulu and free (and legal) streaming TV, because they contain no reason spending $ 50 per month to be on cable TV. Get rid of it and just watch everything online for free
Ditch your landline -. I honestly only know about 10 people these days who have anything but a phone. You do not need both a mobile phone and a landline. Dig your phone line and avoid doubling your telephone costs
degrade your phone -. With an iPhone over $ 83 a month costs (unless you have T-Mobile, which I switched from Verizon because it is the best carrier for US frequent travelers). While smart phones are handy devices, a cheap phone without any fancy apps get your monthly phone bill cut in half. You may be bored on the train not be able to read the news, but an extra $ 500 per year, you can save to spend a few weeks in Europe, buy fancier meals, or for diving in Fiji learn.
Get a new credit card - a travel credit card can give you free money, availability or free flights. incurred by miles and rewards points with your card on everyday purchases, you can redeem for free travel on your journey. Travel credit cards are a great weapon in the arsenal of budget traveler. You'll even earn huge sign-up bonuses when you get a new card. When used correctly, these cards generate free money. Start early. Once you decide to travel the world, get a travel-oriented credit card and start points on your everyday purchases to earn. Here is my guide on how to pick a good travel credit card
- Discover Bank, interest rate: 1%, no fees, $ 2,500 USD opening deposit
- virtual bank, interest rate: 1%, no fees or monthly minimums, opening $ 100 deposit
Canadian? Check this website.
British? Check this website.
Australia? Visit this one.
Kiwi? This is for you
Get an account Charles Schwab - Charles Schwab Bank refunds all your ATM fees and has no account fees. With this card, you will never pay another ATM fee. For more on saving money when you bank, you read this article
Sign up for our travel newsletter -. Nobody likes to clutter up your inbox, but for mailing lists of airlines registration and travel companies, you will be able to happen updates about any last minute sales or promotions to obtain. I would have missed for $ 700 USD for a return ticket to Japan (about $ 1,500), if it was not for the American Airlines mailing list.
In addition to the application for flight and travel mailing lists upwards (check the resource page for my favorites from), I have a weekly mailing list where I can find the best travel deals of the week and send it to you. I do the work for you Find deals.
a network CouchSurfing build - on CouchSurfing building a network, you can help with the locals make friends and get free accommodation if you do travel. But if you have never used it before, you can not get many answers. After all, someone who has not guaranteed and has no ratings is not appealing candidate. Before you leave, you can subscribe for CouchSurfing on a local meetup find (there always at least one should be close to you), and visit. They become friends, the people are added to profiles and guarantees, and a network you can use when it's time to actually go away
For more information :. MORE WAYS FIND OUT to save money ON ACCOMMODATION
Replace your light bulbs - Seriously! Electricity costs money, and because every penny counts, will reduce energy-saving lamps use on your electricity bills. Fluorescent bulbs as little as $ 2.50 USD for a pack of two free now, and replaced five bulbs $ 75 per year can cut off your electricity bill. Moreover, because of the energy efficiency initiatives in certain countries, many electric companies will give you a discount if you buy fluorescent tubes! (Be sure to check what discounts local energy company, has ... no matter where you live in the world!).
Going green can save you green!
Buy second hand - Why pay full price when you can pay half? Use sites like Amazon (discounted books and electronic), wholesale sites and clearance sales at discount buy
Cut Coupons -. The Entertainment Book, grocery coupons, Groupon and loyalty cards all reduce the price you pay at checkout. Clipping coupons can feel like a 80-year-old grandmother, but the goal is to save economize and money and coupons definitely help
Sell your stuff , - Before I went abroad, I looked around my apartment and saw a lot of things that I had no need for more television, sofas, tables, stereo. Instead it to keep in storage (which costs money), I decided to get rid of all just to get. I sold everything and used to travel the money. After all I'll need to not eat my couch while pasta in Rome! Websites like Craigslist, Amazon and Gumtree are excellent places to get your unneeded consumer goods to sell
Skip films -. I do not know about you, but I find movies extortionate. It can take up to $ 15 cost for a ticket, and as much again for the popcorn and soda. Cut the movies or rent them online via Netflix ($ 7.99 per month) or iTunes ($ 1.99). , Whatever you do, cut trips to the cinema will save a lot of
Stop drinking - alcohol is expensive. Cutting down the amount you drink is a big impact on your budget to have. While this is may not apply to all, perhaps with your friends go those carefree weekend. Drink before you go to the bar or just do not drink. A reduction in the amount of alcohol you consume low hanging fruit considered -. An easy way to save money
Quit smoking - you smoking kills not only, but also your wallet. A $ 10 per day amounts to $ 3,650 per year. Even half of that would still give enough money for almost two months in Central America. , If you want, snacking not stop smoking for health, do it for your trip
Stop - A snack here and there not only adds calories to your waistline, but also flushes your wallet - another example of Phantom costs. We do not think much of them, because they cost so little, but they add up over time and eat in our savings. Eat fuller meals for lunch and dinner and avoid the snacks
Earn Money on the side of -. The sharing economy it really easy to make on the site, additional money. You can spare room out on Airbnb, take Lyft, cook dinner on EatWith or lead individual tours Vayable rent. No matter what skills or unused assets you have, there is a money-making service for you. Use these sites your trip to increase savings and travel cheaper. Here is a complete list of the sharing economy of sites that you can use to earn some extra cash on the side
buying a metal water bottle -. Plastic water bottles are not only harmful to the environment, they are harmful to your wallet. One or two bottles of water per day at $ 1 per bottle is up to at least $ 30 per month added. That's $ 360 per year! You can spend a week in France to spend so much money! Instead of plastic, buy a metal water bottle and fill it with tap water.
Cut your daily expenses, to be economical, and in a simpler way of life downgrade allows you to save money for the journey are the world without finding additional sources of income. I know these tips work because I used before my first round-the-world trip (and still use them on my living costs to be kept low). These tips alone will help you save thousands of dollars, the trip of your dreams suddenly seem less make such a dream and more like a reality.
For more ways to save money, so you travel more often and read more, this article:
- How to Get Your Money Last make
- 61 travel Tips for Saving Money
- 27 tips for a master traveler
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