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Tips for Saving Money for Your Travel Plans

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Tips for Saving Money for Your Travel PlansWhen you’ve got a serious case of wanderlust, there’s just one thing that can hold you back; your finances. If your plans cost more than you can afford right now, it can be absolutely devastating. Make no mistakes, traveling is a costly pastime. From your flights and hotel to the things you do when you get there, nothing comes cheap.

If you’re hoping to have a really fabulous vacation, you need to make sure that you save enough cash for the experience. Of course, this is something that all-too-many of us tend to struggle with on a daily basis. Luckily, you’ve come to the right place. Here are some tips that will help you save the money you need for your next trip.

Start cutting out coupons

Couponing is a massive trend so why haven’t you tried it yet? Rather than paying full price for things like groceries and clothes, you can save yourself a whole load of cash with this simple life hack. You can often find coupons in the back of newspapers or magazines. Failing that, it’s well worth looking online to see if you can find coupon codes that you can redeem in store.

Open a travel savings account

Saving for something specific like a trip is all very well and good, but it’s often easier said than done. When the cash is just lying around in your back account, you might be tempted to dip into it now and then. That’s why you should consider starting a savings account specifically for your travels. Every month, you need to slip some money into the account and then forget about it. Before you know it, you will have the cash you need for an epic trip.

Quit drinking takeout coffee

Buying coffee while you’re out and about is one of the very worst things you can do. The price of a regular cappuccino is somewhat extortionate when you really consider what you’re getting. Do yourself a favor and buy a flask. You can make coffee at home in the morning for a fraction of what it costs to buy. It might just make a world of difference to your finances.

Get rid of the things you no longer need

Is your wardrobe brimming with things that you simply no longer need? Well, you’re not alone! Way too many of us hold onto things for no good reason. It might be worth getting rid of the things you don’t want and selling them online. You can pop them on Craigslist or eBay and get some cash for them. (Remember to include your P&P charges!) Any money you make you can put toward your trip.

Start making lunches for work

It’s easy to buy food when you’re at work, but it’s also very lazy. Spending $5 per day on a sandwich and some chips is a pure waste of money. It’s something that you should not be doing, especially if you’re planning a getaway. Start making packed lunches to take with you and watch the money stack up.

Check out house-swaps or Airbnb

When it comes to actually planning your trip, you might be tempted to go straight for a hotel. The problem with that is that it’s costly; more costly than you can likely afford. Swapping houses with someone is a cheap way to get accommodation without it breaking the bank. Failing that, you may want to look at Airbnb (or any other holiday let sites) where you should find some great deals.

Get the best currency exchange deals

Finally, here’s one of the biggest things that you really need to remember. When it comes to changing your currency, it really does pay to look around for the best deals. Different places offer different rates of conversion, which means that you could miss out if you go to the wrong place. Before you do anything, do a little research!

Do you have any tips on how you save money for your vacation?  Please, share those tips with us in the comments below!

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16 Comments

  1. Erlene Amat says

    I think these tips can be used to save money on other things too. We like to avoid expensive hotel restaurants and eat at local places instead to save money.

  2. Alli Smith says

    My husband and I always save our change. When vacation rolls around, we are always amazed at how much we’ve saved. We use it for food, souvenirs, etc. when we’re vacationing.

  3. Chris Lewis says

    Great tips. I for one live by the tip for an airbnb. This is a great option and I have saved a ton of money staying at airbnb places on my various trips!

  4. robin Rue says

    These are great money saving tips. I am in the process of saving up for our annual Disney trip this summer.

  5. Paula Bendfeldt says

    These are all great tips. I am saving for a trip to Singapore this November and will be using these ideas! Thanks!

  6. Paula Schuck says

    This is a resource worth bookmarking. Traveling is so much fun, but you have to be smart about it if you want to afford it.

  7. candy says

    We are always saving and you have some great and really easy ways to save extra money for those trips everyone wants to take.

  8. Natalie says

    Airbnb is seriously such a money saver! I’ve booked through them for both my Greece and Italy vacations, and I cannot recommend them enough.

  9. Pam Wattenbarger says

    Staying at Airbnb can save a lot of money when traveling. I also like using coupons when I can, it can help.

  10. Krystal says

    I like to book last minute deals for cruises or all inclusive resorts. Sometimes you can find the for more than half off if you can travel at short notice.

  11. Jacqui S says

    Great tips! I’m doing most of these now. My primary one is putting money from direct deposit into a separate account.

  12. Katie Kinsley says

    I think the travel savings account is the best option here. If you don’t have a goal and don’t save anything towards your goal, then you’ll never travel!

  13. Chubskulit Rose says

    These are great tips. I will be cleaning out my closet soon and sell some that I no longer use.

  14. Mimi Green says

    When I book my hotel in advance every week I check the price online. When it goes down, I call and get an adjustment.

    I will do it multiple times if the price drops.

  15. Jasmine Eclipse says

    I think these are all great tips. We’re in the process of saving money for a trip back my home in Hawaii!

  16. Polarbelle says

    Very good tips. Boy that takeout coffee is a racket, isn’t it? over $5 a pop really adds up!

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