The prospect of going to new places and having new experiences can be a very exciting. However you might not have the money to travel wherever you want to go.
Before you get bummed out, here are 6 ways you can come up with the money you need to go on that trip/vacation.
Open a savings account
If you really want to raise money for your vacation, then this is a good place to start. Rather than use whatever is left in your bank account at the time of traveling.
Be sure that your savings account has an ATM and can be used online. This can help you book air tickets and withdraw the money while you are traveling. This will help you stay on budget during your trip.
Create an automatic transfer system
If you, like many, don’t trust yourself or your travel partner to deposit the money into the savings account, you can set up an automatic transfer that will directly deposit the money into your account on specific dates.
You can discuss your options with your bank to have the transfers done without any trouble at all.
How much money you transfer will depend on your budget for the trip.
Opt for group trip
If you opt to travel in a group then you and your party can come up with a budget for your trip and agree to have everyone contribute a certain amount to the trip.
This is very helpful especially if you don’t want to foot the whole bill alone.
Keep a good track your spending
You might not need to have lunch or dine in expensive restaurants every other day of the week or buy a new pair of jeans whenever you pass by the boutique.
Take a day out of your busy schedule track your daily, weekly and monthly spending. This way you will be able to save for your vacation.
Get a side hustle
If you would need more money than your current job or income sources earn you, then you will need to find a way to make more money from elsewhere.
For example you could get a part time job like freelance writing, photography, graphics design that you can do in the nights, during breaks or over the weekends to get extra cash. It doesn’t have to be a glamorous job since it’s just a side hustle.
Earn as you travel
There are places around the world that will let you work to pay off your accommodation. Places like hostels allow travellers to work and get free accommodation.
This is a great way to make money without having to save for a very long time. If you are looking for a quick way to earn as you travel then this is a good option.