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First thing's first: Make a budget. It might seem tedious, but once you break down all the places you spend money, you'll be able to get a better idea of where you can cut back. There are many people out there that are totally intimidated by the very word. Budget. They shudder. But you don't have to be scared - a budget is a great tool, especially for those who live pay check to pay check. And today, there are tons of options to help create budgets for you. The only work you have to do is stick to it.
How to save money for your big trip
9/28/2020
When you're young, you're able to enjoy life relatively unburdened, therefore it's the perfect time to travel. It's your time to get out there and see the country - see the world! As you may know however, because you're just starting out in your career, you might not have the financial resources to travel wherever you want, whenever you want. But that's no excuse! This article is here to help you find ways to save money so you can go on the trip - or trips - of a lifetime, because it only takes one to change your life. And that experience is priceless.
Check out these four money-saving tips and resources you can employ in your everyday lifestyle to save up for the big trip:
1. Create a budget
"You don't have to even see the money you're putting away."
According to U.S. News and World Report there are online tools like Mint that help you track your money. Once you enter your banking, credit and investment accounts, Mint allows you to customize your spending categories and set spending goals. Similarly, Digit is an app that tracks your spending habits, however it does all the work putting your extra money into your savings account, explained Digital Trends. This way, you don't have to even see the money you're putting away because Digit ensures it won't put away any funds you need for things like bills or loans.
2. Take it to Craigslist
Looking for some easy money? Take a look through your possessions. What do you use and what do you never wear? Chances are that someone else is willing to give those items a second home and use for a fair price. Forbes pointed out that even if you only sell something for cheap, that money can be saved to go far in an exotic country like Thailand. Don't underestimate your belongings - everything from end tables that don't seem to have a place to vases that you don't need can get a price tag!
3. Check flight deals
If you have a destination in mind - or even if you don't - check airline deals because they frequently hold deals that you can benefit from. The Huffington Post also noted that you should try to be flexible with your departure dates. Airfare changes day to day - some believe Tuesdays are the cheapest day to travel, but deals can crop up when you least expect them, so it's worth it to surf around.
Want another insider scoop on how to find cheap flights? Just clear your cookies. Business Insider explained that cookies are what effectively store your history information, so once you erase it travel sites won't have a search history to hike prices.
4. Forgo traditional presents
When your family members ask what you want for your birthday, skip that sweater you've been eyeing, and instead ask for some money, suggested Independent Traveler. It might sound stingy, but if you explain that you're trying to save up for a trip, they'll feel better about giving you money if they know where it's going - and they might even give you a little extra!
Wherever your travels may take you, a great trip requires planning, reliable information (like Travel Guard Travel News articles) and a little bit of luck. And seasoned travelers know that when you travel, no matter how much you plan, sometimes things happen. When you run into unexpected issues, Travel Guard travel protection plans are here for you. If you're new to travel insurance, we have several pages that can help you compare plans and provide examples of why you should buy travel insurance for your upcoming trip.
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Coverage available to U.S. residents of the U.S. states and District of Columbia only. This plan provides insurance coverage that only applies during the covered trip. You may have coverage from other sources that provides you with similar benefits but may be subject to different restrictions depending upon your other coverages. You may wish to compare the terms of this policy with your existing life, health, home, and automobile insurance policies. If you have any questions about your current coverage, call your insurer or insurance agent or broker. Coverage is offered by Travel Guard Group, Inc. (Travel Guard). California lic. no.0B93606, 3300 Business Park Drive, Stevens Point, WI 54482, travelguard.com. CA DOI toll free number: 800-927-HELP. This is only a brief description of the coverage(s) available. The Policy will contain reductions, limitations, exclusions and termination provisions. Insurance underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a Pennsylvania insurance company, with its principal place of business at 1271 Avenue of the Americas, 37th FL, New York, NY 10020-1304. It is currently authorized to transact business in all states and the District of Columbia. NAIC No. 19445. Coverage may not be available in all states. Your travel retailer may not be licensed to sell insurance, and cannot answer technical questions about the benefits, exclusions, and conditions of this insurance and cannot evaluate the adequacy of your existing insurance. The purchase of travel insurance is not required in order to purchase any other product or service from the Travel Retailer.