How to save up for your travels

 Well hello to you my reader chums! I'm an avid traveller, I love nothing more than planning my next trip away and jetting on an adventure. The world is incredibly vast and there are many wonderful things to see and do, and it excites me how much more I still haven't seen.

Whether you're planning a big trip or want to travel more, here are my best tips on how to save up for your travels.

How to save up for your travels

Set a monthly savings goal

We all have different goals when it comes to travelling, whether you're going to Asia for a few months, interrailing in Europe or fancy a luxury 2-week holiday in the Maldives. With different intentions, means the amount needed to be saved can be varied, and this will depend on the time it takes you to save and what you need to save for. I find the best way to hit saving travel goals, is to have a savings intention every month and send that amount as a direct debit into my savings account. This could be £50 to £500, depending on how much you're saving overall and your income.

Set up a side hustle

To earn a bit of extra money when it comes to saving, start up a side hustle. Side hustles can vary in what your skill is and how much time and energy you want to put into it, as this can also fit into organising how much you want to earn from it, to aid the overall savings goal. Whether it's freelance writing, online digital services such as a virtual assistant, selling homemade goods, selling your old things, taking a night job or teaching a topic you're knowledgable about. 

Have a monthly budget for expenses and disposable income

Budgeting is the key to saving money. I would recommend creating a spreadsheet and writing out all your monthly expenses, such as bills and subscriptions, adding in how much you spend on food and then seeing what's left over as disposable income. Decide how much of that income you have to put in your savings and then, how you'll divide it during the rest of the month to spend on fun things or social activities. 

Think smartly when spending money

Following on from the previous point, you need to think smartly about what disposable income you have remaining for the month. Do you have a special occasion that month you need to have money set aside for? How many social plans have you got? Is your car due for its MOT? Do you want a new outfit? Whatever the thing is you're going to spend money on, try and find deals where possible, shop around and do your research. Even saving a couple of pounds here and there will help in the long run. If you're a budget traveller, you'll be used to budgeting for things and only buying what you need.

Cancel unnecessary subscriptions

We all have subscriptions we don't get full use out of, whether it's the gym or a streaming service. Whatever it is, cancel it. If you're not going to use it, you're better off spending that designated money a month towards your savings as trust me, it'll add up after a few months. Every small amount will help in the long run!

Put any extra money left over at the end of the month in your savings

If you've done incredibly well with you're budgeting and overestimated how much you were going to spend in a month, there may be money left before payday. With this, throw it all into your savings and the money will begin to increase even more.

I hope you enjoyed this post. What tips would you add?

Thank you for reading <3

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