“I don’t need an article telling me that I should travel, I need the funds to travel.”
Listen darling, before you complain about not having the money to travel, but have a new car, flat screen, or are going on the same six weekenders you went to in college, re-evaluate your lifestyle. They say “travel is the only thing you buy that actually makes you richer,” so here are some tips on how to save money and re-direct your investment. After all, traveling is just that—an investment in bettering yourself.
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1. Set a financial goal and timeline.
Write it down, add it to your calendar, and check your progress periodically. Discuss it with family and friends for support. Treat it like a weight loss/gain goal or an academic/career goal.
2. Take 15% (or x – amount) from your paycheck and put it straight into a new travel savings account.
Mint.com lets you combine your bank accounts and manage your budget by category on one platform.
3. Pick something that you purchase daily and could live without… and live without it.
Spending $4 for Starbucks 365 days per year comes out to $1,460. That’s a round-trip flight to Europe! Over-achiever? Pick two things.
4. Save money by not purchasing brand names.
Do you really need another Tory Burch purse? Another pair of Raybans? Another cologne? Every time you are tempted to buy something, take the exact cost and put it into your travel savings account.