“A goal without a plan is just a wish.”
If you are anything like me, travel and getting out seeing this beautiful world is your top priority in life.
Below are some of the ways in which I help make every dollar count towards that next tick off the bucket list.
Have a written budget. Know where you’re spending your money and this way you can see where you can cut costs. This will also help guide you to not overspend on incidentals.
- Breakup with your Barista, if you’re a once a day coffee purchaser, you could be saving on average $1800 a year by making your own. That’s an airfare or more every year to travel somewhere new
- Sell things you don’t need…clothes…that guitar you haven’t played in years, take to gumtree, eBay, Facebook buy swap sell sites and even your local markets to make some extra cash.
- Say no; don’t feel pressured to do things just because everyone else is doing them. Think long term, it’s ok to say no, would you prefer to see that show now or see a show on Broadway when you are on your way to New York or London.
- Stop going out. Meet friends at home for a few wines and save on expensive bar price drinks.
- Take cash. If you do need to go out, only take cash so you limit how much you can spend. Otherwise it can be easy to get carried away and spend more than you meant to.
- Buy your groceries in bulk or when they are on special. Places like Costco, fruit and meat barns are great for buying in bulk and saving money long term.
- Bottle your own water. There’s something satisfying about a brand new bottle of cold water but these can really add up. Get your own reliable refillable bottle and freeze or refrigerate ahead of time so you always have cold water on the go.
- Give up the take-away. Cook your meals at home and in bulk to both save cash and help you to eat healthy. Plan your meals around what is on sale in your local grocery flyer.
- See if you have a green thumb. Try your hand at growing your own…fruits, vegetable and herbs. Anything you aren’t paying for at the shops is money back in your own pocket.
- Turn off your lights, shorten your shower, be thoughtful of your environment and help out your bank account at the same time.
- Shop around – compare your insurance, your bank accounts, your phone and internet plans. Make sure your getting the best rate available to you and the best bang for your buck.
- Write a shopping list and stick to it. Plan out your week’s worth of meals, write down what you need and only buy what is on the list.
- Give up your gym membership. Get outside and work out for free. Run, bike, climb a mountain, download one of the thousands of free work outs available on Pintrest or the internet. Trust me your bank account will Thank you.
- Sell your car – this is a big one and not for everyone but if you can make this work you can save some serious cash on repayments, petrol, registration, insurances. Opt for a bus pass or car pool to work.
- Hide away your credit card. If it doesn’t leave the house with you, you won’t be tempted to use it. Minimize your debt, save on interest and those pesky monthly payments. Set up a repayment plan to get your card paid off. If you have large amounts of credit card debt, look into a balance transfer to get the debt paid off sooner.
- Buy used when you can. Stop spending huge amounts of money on brand new clothes; you could find exactly what you’re looking for at an op shop or on eBay for half the price.
- Get a second job. Once again this one won’t be an option for everyone but why not consider stocking groceries with a night fill position or working a casual job on the weekends for some extra income.
- Make a hobby a source of income. Love animals? Why not start walking dogs for some extra money. Have a talent like singing, making candles? Take out a stall at the local markets and turn something you previously did for fun into extra $$$ for travel.
- Buy generic. Instead of buying the ordinary brand of an item you buy, try the store brand version. You’ll often find the product is just as good and your shopping bill getting smaller and smaller.
- Avoid the mall. Shops are full of temptation and while they might seem like a fun place to visit your likely to impulse purchase. Don’t go unless you actually need to purchase something.
- Rent out extra space in your house. Got a spare room? Why not rent out to a housemate or offer the space on a site like airbnb.com. If you live close by to airports or popular tourist spots, this can be a way to make a lot of money.
- Eat less meat. Meat can be very expensive compared to its nutritional value. Start small and make just one night a week vegetarian. Why not have pasta nights? Spinach and feta ravioli anyone or how about vegetable curry?
- Look for somewhere cheaper to live. Why not move in with relatives and exchange babysitting or help around the house for cheap rent. Take a good look at the suburb you live in. Sometimes even moving 1 or 2 suburbs further from the city will dramatically reduce your weekly rent expenses and can only mean adding a small amount like 7 minutes to your train trip each day.
- Stop spending money on books and magazines. Go back to basics and visit your local library or use the endless realms of the internet to satisfy your hunger for knowledge.
- Plan ahead. Know you need to buy presents for your family, buy ahead of time as sales come up. Think Boxing Day, end of financial year and black Friday. Plan your holidays well ahead of time, majority of things are going to be cheaper the sooner you purchase them. Don’t leave things til the last minute and pay top dollar.
- Sacrifice comfort for Cost. Use budget airlines to your advantage. Why pay extra for things like a meal and entertainment. Load up your own phone/tablet and pack plenty of snacks and this could save you big time flight costs.
- Go where the flight sales tell you to. If you’re flexible in terms of planning things too far ahead, wait for flights to come up on special and then plan your vacation from this starting point. Be sure to sign up for mailing lists to various airlines so you get notified first when fares are on sale.
- Travel off peak and in shoulder seasons. The savings on flights and accommodation alone can be astronomical. Take Greece for example, travel in June and it’s hotter, more crowded and more expensive. Go two months later and you’ll feel like you have the island to yourselves and pay half the price. If you do have your heart set on a specific attraction or tour, be sure to check first for seasonal closures to make sure you don’t miss out.
- Book accommodation with self contained cooking facilities and a washer/dryer. Saving money by cooking even just 1 meal a day yourself and not having to pay for laundry services can make a huge difference to your total trip costs.
Happy saving and happy travels. Be sure to check out my other posts for tips and tricks to help you on your trips. If you have any other great tips or tricks that you use to help you board that next plane, I would love to hear about them in the comments section! Xx Flick