How to Save For Your Next Adventure

Thursday, January 25, 2018
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Travel is the best way to learn and experience new things but it can be an expensive habit to keep up! That means that in between trips, you need to know how to save money fast and get to the next destination.

Wherever you want to adventure, here is what you need to know about saving up the cash for your next vacation.
Automate Your Savings 

When you get your paycheck each month, it can be difficult to figure out how much you can save and then persuade yourself to actually save that amount rather than accidentally splurge on something else. Automating your savings by transferring a set amount of cash into your savings account each month takes this problem right out of your hands. You don’t even need to think and you’ll be saving up.

Depending on the type of trip you are saving for and when you want to go, you choose how aggressively you want to save. The key to saving well, though, is not putting your current finances under any stress because of it. Always save what you can and don’t push too hard to save any more than that.

Get Rid of Any Debt
While you travel, it is easy to get yourself into a bit of debt. Credit cards are great for traveling but it is also easy to spend more than you should in the thrill of the moment on holiday. This doesn’t have to be a problem though, and once you are back you can start finding ways to pay off the debt and reduce the interest you owe.

One way to make it easier to pay off your credit card debt is with best balance transfer credit cards. These cards are popular with people who want to switch from a high-interest credit card to a low-interest credit card in order to avoid paying so much. It will also give you a bit longer to sort your finances out and pay it off.

Earn More With a Second Job
Of course, the best way to save for your next adventure is to get a second job. This could be something simple like a weekend job at a store or a bar, or you could look into jobs you can do from home to earn passive income like blogging. Because you already earn enough with your regular job to live day to day, put all your earnings from your second job into the holiday fund and watch the numbers rack up.

Saving up for the next adventure is all about having a work hard, play hard attitude. If you want to spend a month or two traveling, then you need to be determined enough to work for it for the rest of the year. And when you reach the top of the mountain or you try a local delicacy for the first time, you can look back at all the effort you made to get there and know one thing: it was totally worth it.

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3 comments:

  1. Thank you for sharing these, we love to travel but it does get pricey.

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  2. I always love to save when I can , I always find the best prices.

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  3. I especially love the idea of automating your savings. We do this when were trying to save some for the house project and its really easy.

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