Updated December 2020
The trick to getting started to actually start saving money for travel isn’t really just with budgeting and selling your stuff on eBay for extra cash. It starts with being mindful and creating the shift in your head and in your financial direction towards a new goal; more travel.
If you look online either on Google or on Pinterest, you’ll find a wealth of information on how to save money for travel. People’s different stories and tried and true methods. From people on tight student budgets managing to save money for travel, to older adult with careers and families finding ways to save money to fulfill their travel desires. I think that these are all amazing resources full of great tips to start using. However, I would strongly encourage that anyone starting out saving money for travel to start with this simple approach: mindset.
I think that changing the mindset does a world of a difference in many aspects, but especially in this case when it comes to saving money for travel. If we learn to change the mindset from thinking we don’t have money, to reassessing our spending habits and viewing where our money is going, we will come to find out that we do have money to travel and that saving the money does not have to necessarily affect our lives in a negative manner on a daily basis.
Below I want to share a few suggestions that have helped make saving money for travel a little easier and motivating for me, as well as how to shift the thoughts on saving money from negative to positive.
Don’t restrict yourself completely
When you’re about to purchase something, you should really be asking yourself “do I need this or do I just want it?” Start paying attention to your money habits, and get real with yourself and the reason on why you’re buying things. Ask yourself these questions when you’re reflecting on this concept:
Do you like to buy things on the spot compulsively?
Do you tend to shop as a way to destress?
Are you purchasing because of the “incredible” marked down price?
Do you actually need it?
Can you find an alternative place to get the similar item/product for a lesser amount of money?
So many questions, but I think they’re important in order to start realizing your mindset when it comes to shopping and saving money.
The reason why you should ask yourself these questions is not to eliminate all your spending habits. The main idea is to eliminate the ones that are blatantly not worth your money. Another way to think about it is like the game What 3 items would you bring if you were stuck on a deserted island? Look at the items that you tend to spend your money on and try to select 3 things that you absolutely cannot stop purchasing. That way you can see where else you may be able to cut. Maybe it’s a higher end beauty product that you must absolutely repurchase, however maybe you think that you can start cutting down on your frequent eating out tendencies. You’re still cutting a few items, but it doesn’t mean that you are completely depriving yourself of the things that make you happy. That is important so you don’t lose motivation throughout your money saving journey.
Pay yourself first
Every time you get paid at your job, pay yourself first. Start out investing small quantities every time you receive a check and submit it into your travel savings account. By doing this, you are securing your travel money by prioritizing your travel fund before anything else. Think of it as prepaying for your trip, and you are currently sending monthly payments. Kind of like the opposite of paying the credit card that you could have used to travel, but we aren’t gonna do that if we can help it 🙂
Nowadays, it’s become easier to select savings accounts as well as other avenues to actually put your savings in. Personal finance apps paving the way for seamless investing and saving such as the personal finance app called Acorns. Acorns is an investing app that links to your bank account and any cards you use to pay on a day to day basis. The app is free to download, however, you would be paying a monthly fee of $1 to use the app to actually invest. Every time you make a purchase, that purchase can get rounded up to a certain amount (you choose your amount) and that gets invested into your savings account on the app.
This app alone has saved me a little over $1,000 (yes, from the change of purchases I was already making) in maybe a year or so. Literally in the background. I love this app so much, and I can’t recommend it enough.
You have the ability to invest any amount either reoccurring or one-time to your savings account, and voila! You’re travel savings account is gonna get nice, and I can definitely attest to that.
I must mention that the app Acorns is not sponsoring this post by the way, but I have been using it for a while and I have been really liking it! It’s easy to use and simple to understand especially if you aren’t so well versed in investing like myself haha. I do have a referral link that if you click on and use, I will get a $5 credit and so will you 🙂 if you are interested in starting to invest your spare change and investing into your travel fund while purchasing other necessities, click here for your first $5 dollar investment on them or the button below!
Surround yourself with virtual support
On the supportive side of things, online, seek out social media accounts that focus on ways to support this new money saving mindset. Everything from personal finance tips, travel inspiration, and people who have similar goals to yours. Surround yourself with the support and positive reinforcement that will help keep you motivated to spend consciously and of course, to keep your eye on the prize. Likewise, if you find yourself constantly being advertised new things to buy, it wouldn’t be a bad idea to unfollow a few of those accounts. It’s about what your surround yourself that will make a huge difference, and it will help you stay on track with savings.
Find hobbies that don’t cost you a lot
Reassessing your spending habits and saving doesn’t mean cut off your friends and social life completely. Pick up new hobbies or skills that can be inexpensive, entertaining, and good for you. What do I mean? Start learning a new language, start a work out routine (no gym membership required!). Spend time at your local library and read and listen to books through this amazing resource, start DIY projects. Also, it’s possible to hang out with friends at home instead of going out all the time, learn new recipes; be creative in your activities!
In your own life, think of things that you normally spend money on that you could do a little less of. Afterwards, think and fill them in with new hobbies you can do that won’t cost you much! It’s possible, it’s fun, it’s new and it’s an adventure all on it’s own.
Visualize your travels
I am a firm believer that what the mind can create can be manifested into reality. Make sure to visualize the image(s) and feelings of what it would be like to travel. Feel the emotions happiness that it would bring you. Make it a point to “daydream” what it would be like to travel to your dream destination. What would you do there? What would you eat? Who would you go with? Are you going solo? Think as many details as you can, and actually spend time visualizing this scene(s). Whatever you think in your head, you can manifest into your life. Also what you imagine yourself to be doing and spending time seeing when you’re abroad will help motivate you to save money now.
Just keep being positive and grateful ✨. To take it a step further, and go ahead and gather up a few images of travel and money to create an abundant travel vision board! Paste your inspiring images onto your board and make sure to keep it in a very visible spot. The more you see it, the more happiness it will emit to you, and from there the possibilities and motivation are endless. I can assure you of this.
In the end, saving money doesn’t have to be total deprivation of the things that make you happy. It’s more about being savvy with your money. It’s also about moving money around and seeing how to accommodate a travel goal in your current financial situation. This is a choice to prioritize travel, and these are a few ways that you can start. After all, the mindset around saving money for travel and can be easier than you may have thought.
I would love to know any money saving tips that you have and would like to share with us! Let us know what things you do to keep motivated and happy in the money saving journey! Also let me know if you have any upcoming travel plans ahead! I’d love to know as always 🙂
Wait! I got something for you…
The Travel Visualization Workbook
A simplified way to help you visualize, and get real on actually planning your travels. All in a step-by-step guide. It’s yours for FREE! All you have to do is leave your email so I can send this lil nugget of gold to you ✨
To more travel moments like these ✨