Many people are travel enthusiasts butvery often people have to abandon their travel plans due to financial limitations. Though it is said experiences cannot be bought, it wouldn’t be wrong to say that to a certain extent money does define the shape of our travel plans and the experiences that are associated with it. Saving money for your long anticipated trip to some fabulous location is quite a task to be sure, but it doesn’t have to be difficult. MS Travels recommends some of the tips which might come quite handy if you are struck by wanderlust and want to explore the world with your income:
1. ASSESS YOUR SAVINGS AND EXPENSES
Hold your trip plan up to the reality of your financial situation. Once you have a general idea of your trip’s overall cost, compile a spreadsheet that lists your income vsyour expenses to see how everything stacks up. The very first step towards saving money for any cause is to judge how much you do spend. Sit and introspect the nature of your thrift and judge the unnecessary and clutter part of it. That is to say, we know best as to what is necessary for our living and what can be avoided.
2. DECIDE THE PLACE YOU WANT TO VISIT
Some places like Nepal, Bhutan etc might not need a lot of money to travel to, but there are places which require huge expenditure owing to currency differences and standard of living, like in Dubai, Australia or the United Kingdom. Deciding in advance, will let you know as to how much money you need to spend. Also, round up the number so as to carry few extra bucks rather than falling short of the money while on your trip.
3. START A DEDICATED TRAVEL FUND
Set aside a dedicated fund for your travel plans that should not be compromised. Call it as Mauritius fund or Spain fund, so as to associate some kind of an interest with it. This way you shall be able to save separately for a fund that will assure you unparalleled experiences.
4. CUT DOWN ON CERTAIN EXPENSES
You would be surprised as to how much money you can save by cutting down on certain things such as:
a. Stop eating out: While we are discouraging you from having your luxurious meals out, but why not reserve your money for relishing the local cuisine of your intended travel location.
b. Turn clutter into cash:There is no point in adding clutter to your home if you don’t need it at any given point of time in your life. While this practice will make you keep your home light, it would also make youearn extra money by selling things that are useless to you anyway. Put that money in your travel fund instead.
c. Quit smoking and drinking: This one’s a no-brainer. Not only can it save you Rs 50,000/- in a year, it can save your life!
d. Reduce car usage : Opt for public transport and the cycle for nearby places.
5. FIND A SECOND SOURCE OF INCOME
You could make some extra bucks by working on weekends by doing tuitions for some kids or any such productive work. Or take up a second job as a freelancer photographer, writer etc that lets you utilise your leisure time, if you are into creative work and want to keep the creativity alive.
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