5 Best ways to cut your expenses and have more money for travel
Have you been spending more on your traveling? Are you looking for the solutions to cut your expenses? Now you're in the right place.
I know you are looking for ways to save money and go more places and have more authentic experience. I will share the best budget advice to make you a smarter traveler.
This advice will help anyone to travel anywhere whenever they want. If you want to travel more or save up for a specific trip, you need to create a budget you will see where you can make cuts and where every penny you earn is being spent.
Traveling will depend on your income, the lower your income, the longer it will take to save enough to travel.
Here are simple ways to cut your expenses, make money, and get on the road sooner.
1 Track your spending
Most people don't have a budget, so the first thing you need to do to save your income is to know where you are spending it. Create a spreadsheet or use a service like mint to track your expenses. You will be surprised at where your money goes.
Start tracking your expenses so you can keep cutting out the low hanging cost and find where you are spending money. Consider some factors like exchange rates and cost to travel in your particular destination.
Start using the expenses tracking tools to cut down on costs at home.
2 Set up a separate bank account
To avoid over spending, ensure that you have a separate online bank account and have money automatically deposited into that account each pay circle. By doing this you won't over spend, putting that money in a separate account means it's away from your spending and you will save much money. Separate bank account is important to manage your budget.
Downgrade your phone
Getting a cheap phone without fancy apps to cut your monthly phone bills.
It has been noted that the average American phone bill is over 100USD per month. I know you might get bored by not being able to read news while saving an extra cash.
This will allow you to spend a few more weeks in Europe, buy meals, or learn to scuba dive in Fiji. Consider buying a refurbished phone, you'll waste less time online and save money.
Build a network on couch surfing
Building a network on couch surfing can help make friends with locals and get free accommodation. The platform works by connecting different people all over the world, you will get to know people and their culture. The interesting part of the platform is it allows you to travel in many places without spending your money for accommodation. I think this sounds interesting. If you are looking for a cheap budget.
However, if you have never used it before, you might not get responses. Your first reviews from the locals will make it easier for you to make friends with international travelers and start hosting. To join the platform, sign up and create your profile, to start with , find a local meet-up and attend, from there you will make friends. Couchsurfing is all about sharing your space with others.
Earn extra money on the side
You can decide to rent out your space on Airbnb. List your space and price for the traveler to get accommodation for their budget. Again online is full of work from home that you can decide to do one and earn extra. Did you know you can earn and work while traveling? It sounds cool right? I know most of us cannot travel due to having a full time job but this should not hinder your dream of traveling. You can still travel and enjoy your experience during holidays.
These tips will help save thousands of money and will make your dream trip seem less like a dream and more like reality. Even though some of them are obvious, did you know we rarely think of obvious things?
The best thing you can do is to track your expenses. By tracking your spending, you can keep cutting what is discretionary spending and keep this list in mind.