Looking for tips on how to save money for travel? It wasn’t until the end of 2015 that I realized I go away a lot. Most of my trips are domestic, but I think going away at least once a month, even if it’s for a weekend or day trip is good for me. We’re in April and I have already been to Atlanta, Cartagena, Delaware/Maryland and my cousin is taking me to Barbados in a few days.
In addition to having no children or dependents, but mostly practicing methods for traveling and working full time, here are three ways I find extra money to travel. Even if you’re not single, you can use these options for traveling with a family. It may take some time, but it can definitely work.
After seeing a $130/ cable bill when I barely watch TV, I canceled my subscription and signed up for a basic Hulu package instead. I also use Netflix and Amazon’s streaming services saving almost $100 a month. You can also bring breakfast and lunch vs buying them every day. Working in a city where almost everything is doubled, I can save about $30-40 a week or more by bringing my food to work.
Get a Travel Savings Account
I’m going to just put this out there: spending instead of paying your bills isn’t smart…AT ALL. Please make sure you’re up to date with any payments before going on trips. There’s no need to stunt on the gram when the bill collector is calling; you’re only fooling yourself. With that being said, getting a saving account specific for travel is a good option for having money for travel.
Figure out what your budget would be for your upcoming trip (or trips), and save until you reach that goal. After joining the Live Richer challenge last year, I discovered 360 Savings by Capital One and Barclay’s Online savings. These are just a few high-yield online savings accounts available. Just do your research to find out which options are best for you.
Take Advantage of Flight & Hotel Deals
Since being heartbroken about missing that under $200 deal from NYC to Dubai glitch fare, I’m always looking for a flight deal. Join travel groups online, group chats via WhatsApp, or follow sites that post regular flight and hotel deals on social media.
You can also use Google Flights, Skyscanner, or the ITA Matrix to find out what the price for a flight will be during the time period you want. Money saved from that deal can always go towards special dining, buying gifts, or anything else.
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What are some other ways to find extra money to travel?