June 20, 2023 | Eul Basa

Money Saving Tips To Help You Travel The World


The hardest part of any trip is saving enough money to actually go. After all, you have to save for the plane ticket, accommodation, your insurance, a backpack or suitcase, visas, and then, of course, you have to have money to spend once you get there, too. It's a lot, and the daunting thought often makes many people think that travel is expensive and there's no way they can save for it. But that's not true!

The truth is that everyone, regardless of their income, can save. Even if you save a dollar every day for two years, you'll have $730. Sure, it's not a lot, but it's enough to get you out of the house. The real problem arises when people want to travel right now. They need to save a lot of money in little time. So, how do they do it? As someone who has spent the last six years periodically saving and then travelling Asia, Oceania, North America, and Europe, I'm equipped to tell you. Here are five money-saving tips to help you travel the world:

person standing with holding luggage bagUnsplash/hamsterman

Don't forget to check the comment section below the article for more interesting stories!

1. Make a plan

First things first: Figure out how much money you need to save for your dream trip. Are you planning on climbing Mount Everest? You can be sure that's going to cost a lot more than spending three months backpacking around Southeast Asia. What you want to do will depend on how much you need to save. Once you've figured that out, make a budget plan and stick to it. Determine how much of your paycheck you need to put away in order to get to your goal.

three people overlooking mountainsUnsplash/@eddybllrd

3. Change your food habits

Do you tend to eat out often? Do you buy lunch at work every day? Do you shop at expensive grocery stores? If the answer is yes, change your food habits. But don't go cold turkey. If you do, you're likely to binge and blow all of your hard work on a few extra-large pizzas and a big night out. Start small and go from there. Try eating out once a week instead of three, buy your lunch only when necessary, and purchase your most expensive grocery items at a bargain grocery store to save on your weekly shop.

person looking at white buildingUnsplash/@ploywanasiri

5. Sell what you don't need

Sell, sell, sell! Sell the couch, sell your bed, sell your pots and pans, sell your doormat—sell everything that doesn't fit in your backpack or suitcase. Of course, if you're planning on a shorter trip, this step isn't necessary. But for those looking to escape the 9-5 lifestyle for life (or at least a few months) on the road, selling what you don't need is key to putting a huge dent in your travel saves.

woman wearing backpack walking on roadUnsplash/@airguitarbandit


READ MORE

Blockbuster Storefront

The Worst Business Decisions EVER Made

Well, unfortunately for these companies, they made some of the worst business decisions in history. Buckle up, because these are facepalm-worthy.
July 19, 2024 Sarah Ng
Power Internal

The Most Powerful People In The World

Power can manifest through political, financial, or societal influence. Leaders make decisions impacting countries. Business owners manage assets, shaping sectors. Influential figures impact millions with ideas, trends, and movements. Here are some of the most powerful people in the world today.
July 5, 2024 Eul Basa
Weirdhabits Internal

The Weirdest Habits Of Successful People

Throughout history, these exceptional individuals were known for their eccentric habits that they believed contributed to their success. From unconventional routines to odd quirks, these famous figures prove that sometimes embracing your weird is the key to success.
June 20, 2024 Eul Basa
Industries That Millennials Are Killing

20 Industries That Millennials Are Killing

Discover the industries that millennials are impacting and why traditional businesses are struggling to adapt. Our in-depth analysis explores the changing consumer habits and values driving these shifts. From casual dining to traditional retail, see how the millennial mindset is reshaping the economy.
May 29, 2024 Peter Kinney
Wpthumb

Things Only Wealthy People Know Exist

There are a million things that money can buy—and a lot of them are things that most people don't even realize are an option. Here's a glimpse into the secret world that only the richest of the rich have access to.
May 21, 2024 Jamie Hayes
Homestead Budget Internal

How to Start a Homestead On A Budget

Uncover 10 steps to starting your homestead on a budget. Find out how you can get supplies, plants, and even animals basically for free, and how to maintain it all for next to nothing.
May 17, 2024 Allison Robertson



Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team