Is travelling something you love? Is the travel, which you dream about, your priority and you trully want to go for it? What are you able to give up in order to start this journey? If you dream about next adventure, are ready for a little sacrifice, but don’t know how to start collecting the money, this post is for you. All of the below ideas, are tested and will increase your budget. Read it, compare with your habits and consider, which of them you can apply. In the moments of doubts, imagine yourself in the other part of the world, on a beautiful beach or in the middle of incredible jungle.

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Coffee
Are you one of those people who buy a take away coffee every morning? If you are, it means you spend between 1 and 2 Euro daily. Let’s assume 1,5 which gives 30 per month, 300 euros during 10 months. For 300 euros you can easily fly to New York or Thailand. Try to brew coffee at home or at work and in case you can’t live without cafe latte, limit it to 1-2 a week.

Breakfast
We are very busy and often too tired after work to think about breakfast for the next day. Many of us get up as late as possible, get ready, leave the house without fassing about eating. Sounds familiar? Few hours after waking up you get really get hungry and there is not much choice left but go to a local cafe or a shop.You buy ready breakfast spending 2-10 euros. Let’s assume 5 which results in 1000 euro during 10 months. In the name of travel, put some effort, do proper shopping once a week and take breakfast from home.

Eating out
The same applies with lunches or dinners. Of course, sometimes the last thing we think about is cooking, but if eating out is your everyday life, consider changing it. Try to cook at home at least few times a week. It’s hard to say how much we spend on eating out, between 5 and 15 euros? (And we don’t mean a proper evening dinner but something quick on the go). Say 12 euro which sums up to 2400 euros during 10 months.

Transport
If you use public transport to get to work, consider swapping it for a bike or feet. If you go by car, swap it for public transport for a while, or check the options for carpooling, which means using one car with your colleague or neighbour.

Reading
Don’t buy magazines, newspapers or books. Use online version, exchange with friends. Download free books or use libraries. Even when buying only 2 magazines a month you spend around 10 euros, 120 euros a year. Not too much, but in some countries it can be enough for few nights in a hotel or some fancy dinner in a well know restaurant in Paris or Tokyo.

Sales
Avoid shops, especially sales. No, buying a pair of jeans reduced from 100 to 50 does not mean you saved 50 euros. You actually spent 50 euros from you account. Ok, if you needed a pair of trousers and have waited till sales to buy them, than it’s a different story. If you just want to buy something because it’s reduced, go back home, wait one day and probably on the next day, you won’t even remember about this cool t-shit you just needed to have.

Cosmetics
Don’t buy additional cosmetics for a while. Use off all what you have in your stock first. You don’t need to keep 5 body balms, 3 extra shampoos and a collection of soaps. Use them first and buy some more later on. We tend to buy new cosmetics and forget to finish what we already have.

Gym
Instead of buying a gym membership for the whole year start running, cycling or exercise at home. Probably you don’t even go to the gym as often as you are suppose to. Use a good weather and do sport in the park instead of the gym, at least from Spring to late Autumn.

Bank charges
Another way to reduce your expenses is to verify the card fees, overdraft fees and other charges for bank products or services. Check how much you pay and give up the unnecessary products or negotiate a better price with your bank.

Subscriptions
Look through your subscriptions like Spotify or Netflix. Sum up the costs and decide if you actually use the services. Maybe you just finished your favourite series and there is nothing else that would interest you? So it might be better to suspend the membership for now.

Events
Instead of paid concerts and gig entries switch to free events, organised by your city or local communities. You will find many of them for sure.

Decluttering
Think of all the items that you store at home but haven’t used them for years and you maybe even don’t remember having them. Because who would remember what was taken to the storage a decade ago? And how about all the clothes which you haven’t worn for the last 3 years? Do yourself a favour, get the free space back and earn money. Dedicate one weekend to collect all unused things. On the second weekend take pictures of them and post on Gumtree or eBay. Sell them even for a small price.

Additional sources
Find additional sources of income There are many possibilities, especially when you don’t have small kids waiting for you and when you have a big goal in your mind. You can teach, baby sit, be a waiter/waitress/ sell handcraft, subrent a room. Any additional money is worth some effort.

Saving accounts
Open a saving account, let’s call it holiday account, and keep all extra money in there. Money from additional work or unexpected income like bonus or rewards at work. Transfer all income, which is not your regular salary, on holiday account.
In addition, if you have credit card and are disciplined enough, at the beginning of each month, after paying bills, transfer the remaining sum on a saving account. (It’s better to open a separate one). Pay with credit card until the next salary and card pay-off day. Then pay off your card and repeat the same process each month to earn interests from your savings. Check the saving account pay outs fees. Usually you are entitied to 1 transaction a month, otherwise there might be a fee or lost of interests.

Sum X
After few weeks you will be able to recognize how much money is staying on the account, how much you managed to save.This is why, in the upcoming months, decide about a minimum sum X which you want to save and transfer it to your holiday account straight away. This method will give you additional motivation to stick with your decision and not spend more than it’s planned.

Yes, saving requires discipline and motivation. But what would be a better motivation than the image of some exotic place you are going to visit. With a little sacrifice, you won’t even notice how fast the savings will grow. And one more thing. There is no need to give up on everything. If you love cinema for example, don’t forgo this pleasure, but find a way to pay less. Choose a day when the tickets are cheaper or look for promotions.
Good luck with your savings and let us know if you need any help with that.

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