How to Save Money for Travel in 2018

November 13, 2017 • Travel Tips • Views: 2805

Did you get to travel as much as you wanted this year? Maybe you kept meaning to book a trip, but the state of your bank account made it impossible? 2018 can be better! Whether you’re planning to head off on a long-term trip, or just want to have a few overseas vacations next year, here are some tips to help you save money for travel in 2018:

Set a goal
“Saving for travel” sounds nice in theory, but you need to have S.M.A.R.T goals if you want to meet them. The first step is to decide where you want to travel. Some destinations will naturally be much more expensive than others- your money will go much further in Southeast Asia than Western Europe for example. Once you’ve decided on a destination or area of the world, the internet is your friend. There are thousands of websites that can help you figure out how much money you would need for flights, accommodation, transport, food, and tours. Come up with a good number, and then add 10%. Now you have a goal to work towards.

Slash debt
It can feel impossible to save when you have debt. Especially if that debt comes with a high interest rate. One of the best things you can do is consolidate your debt. If you have credit cards or other high interest loans, look at options for a larger loan with a lower interest rate, or credit cards which will allow you to transfer your balance. Some credit cards will give you an interest-free period for 6 months, which can help you focus on paying off your debt, instead of just paying the interest.

Use technology
These days, creating a budget and meeting your saving goals is easier than ever. With so many great apps and websites ready to help you out, you’ll be able to get organized and see where you’re going wrong when it comes to saving. Check out the apple weekly budget app or the google play money organizer to help keep your spending in check. Once you’re on the road, this free travel expense app will help ensure you don’t go over your daily budget.

Travel with friends
Traveling solo is fun, but if you find a travel partner you can cut your expenses almost in half. Not only will you be able to afford nicer accommodation since you’re splitting it, but you can also often save on meals, transport, and more.

Many of the most popular cities in the world have been extensively covered by travel bloggers who focus on inexpensive travel. Check out some blogs before you go, and you’ll know the best places to stay, where you should eat, and where you can find the best free activities. You’ll also be able to figure out whether it’s worth taking a taxi from the airport or if you should grab the metro, and the best places to shop for souvenirs.

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