For too long now, travelling the world has always been associated with wealth. It is a dream that can only come true if you are born rich and have unlimited funds to splash on hotels, cruises and flights. However, for just as long the poorer people have also been making their way around the globe. But how does someone with a limited amount of money travel the world? The secret is to save as much money as possible before your departure and then budget your finances during your trip. You may not be able to stay in luxurious villas and party on yachts, but you will still be able to see the world and experience things you wouldn’t if you stay at home. This post will provide you with top tips on how to save money to travel the world.
Visualise the kind of life you want
The first step into committing to saving money to travel the world is to decide that travel is what you really want. Travelling is not cheap and some people save for years and years for a trip of their dreams. So, saving money to travel the world is full of sacrifices that you need to be sure that you want.
The best way to motivate yourself to save money is to visualise yourself actually spending the money that you are saving for. Are you saving to spend money on cocktails whilst laying on a luxurious beach in the Maldives? Or would you like to ride around in helicopter tours of all your favourite cities? If you keep reminding yourself of what you are saving your money for, you will find it easier to make sacrifices for your dream trip.
The only way to save money to travel the world, unless you gain another income, is to make sacrifices to your current lifestyle. You need to decide what you would prefer to spend your money on. Would you rather spend £30 getting your nails done at the salon or spend that money on a train ticket abroad?
One of the biggest ways to save money is to watch what you eat. It is very easy to spend money on takeaways and meals out as opposed to buying groceries and cooking for yourself. However, the hassle-free lifestyle of never cooking for yourself and always eating out will demand a lot of your money.
To get out of the habit of eating out, a good idea is to purchase a recipe book or look up some recipes online. This way you can still eat good food and it can be enjoyable. Not only are you still eating the food you would be eating out, you are also training your culinary skills which will come in handy in later life.
Another big expense in life can be how you get to and from places. Transport can amount to a lot of money if you include: car insurance, petrol, road tax, taxis etc. However, your transport bill for the month does not have to be as expensive as it is. Instead of running a car, perhaps a bus pass would be more affordable? Instead of getting a taxi everywhere can you walk or cycle? After all, saving money on transport at home can be put towards transport to another country!
If you are thinking about using more affordable transport, a good tip to saving money is to put aside all the money you would have spent on your car/taxis as if you were still paying for them. This way you are not going to spend all the money you have saved on other things.
I think spending money on entertainment is the area that most people are reluctant to spend less money on. A lot of people have the mentality that just because they’re saving to travel the world, does not mean they have to stop living in the meantime. I have two issues with this mentality.
Firstly, spending less money on activities does not mean you have to stop enjoying your life. There are so many super affordable or free activities that you can do. Also, a lot of the time saving money simply means switching things up slightly. For example, instead of buying a new book every week, use the public library. Instead of going to the pub for a few drinks, invite people over for drinks at your own place.
Secondly, travelling the world is a once in a lifetime experience for some people and the enjoyment you will have on a big adventure is worth going out less for some time in order to afford it.
4) Bills/ Utilities
One big expense that may not be avoidable for some but is for others is your bills and utilities. For example, if you are in a position where you can live back with your parents for a couple of months and save on rent and other utilities then it will massively increase the amount of money you can save. It’s understandable that this isn’t an option for everyone, however there are still things you can do to save money. You could downsize on your apartment or you can ring different energy providers and try and get a better deal. Cutting down your monthly expenses will result in you travelling the world a lot sooner.
Overall, it is easy to categorise all of these tips to save money under one piece of advice. That piece of advice is to want less stuff which in turn means you will buy less stuff. This sounds silly but when you get into that minimalist headspace, you will save more money naturally. Also, being a minimalist means that your carbon footprint is reduced which is a win win for everybody.
I hope this post has given you some tips to help you save money to travel the world. However, saving money is not all what you need to do, especially if you’re planning to backpack long term. You will need to be able to sustain yourself with an income and there are plenty of self-employed professions that will allow you to travel the world and work from a laptop.