Dont go to hairdressers.
Either cut your own hair, or grow it hippy style. I do the hippy style. I have not had a haircut, for over 3 years. It is a myth, that hair needs a regular trim, to look good.
If u take your clothes, to the laundrymat, handwash them instead. A little extra work, but it saves a lot of money.
Do u smoke?
If so, dont smoke Marlborough, or any popular brand. We smoke the cheaper cigarettes, which are in the budget supermarkets. They are just as good. And limit the number of cigarettes u smoke. If u smoke a pack a day, cut down to 5 per day, if u can.
Cheaper still...give up!
No..I wouldn't either!!! However, I smoke roll ups, sooooo much cheaper plus they dont have the added yucky things like cyanide. Produce less smoke too so not so offensive around non smokers.
hi there , i only have one piece of advice as everyone else seems to have covered all my ideas . instead of wasting money on the lottery and not having much chance of winning i suggest u buy premium bonds . this does sound like an old lady thing to do but its a good way of saving , you still have a chance of winning more than u put in and when your ready to travel u claim back exactly what u put in . ive not won anything my self but a friend won £650 on a £100 bond !! not bad if ur lucky . u can get info @ the post office . good luck xx
agree with everyone so far... here's one major one for you though!!
Budget.. budget.. budget!
You're getting paid 15k annually which works out at about £950 per month. I would assume Your rent should be about half your outgoings? say... £450 (Depends on where you're living etc.)
so let's say for arguments sake you'll have £500 per month expendible income.
First thing: Work out you daily outgoings (travel, lunch etc.)
Let's say £10 per day here for example. That means you'll be paying out £200 a month just to get to work and back and buy lunch!
Now I know these figures are made up... however.. make yourself only use £8 per day instead of £10 (make sandwiches for lunch... take a free newspaper as opposed to buying one... miss your daily smoke at the bus stop etc. etc.)
That'll save you £40 per month!! times 12 = £480 quid in a year!
Also... like the guys have said... make yourself go out only once a week (and drink pints only (cheaper to get drunk!) Also... go to Wetherspoons or other cheaper pubs (much cheaper!) Leave the ponsy bars out or go there later in the night when you're already drunk.
If you explain to your pals, I'm sure they'll understand. Also... miss the kebab out on the way home (That's the hardest one I find to maintain though )
The other option is to cut down your food expenses..
I personally went on a "Sh*tty Meal" diet whilst I was a student. The foods not "sh*tty" in terms of health... merely taste
I bought a massive bag of rice, frozen mince, cheapy tins of tomatoes and a restaurant size packet of chilly powder mix and lived on chillie con carne for near on three months (I did have other stuff too though!) I also went to the supermarket later in the evening on the night when they had specials on (Sundays I found were good) You could get fresh bread for 10p etc.
Also, I cut down on crisps, chocolates and all the other "unhealthy" foods which also tended to be expensive also!
My food bill equated to about £35 for the three months! a bit extreme I know... however might give you some simple ideas!
However, if not... here's a few other "More sensible" tips :
Don't use your credit cards or pay them off if you can and cut them up afterwards... not always practical... however a god send in the long run... after all you might need them if the Sh*t hits the fan while you're away???) If not... shop around and get your credit cards moved to another company with an low introductory offer (This will save you money on interest payments and it's dead dead easy!)
Put the money you do save into a Savings account (Not your current account) If you can save £100 to £200 per month then (taking ING Direct Savings Account as an example (4.75%) pa... (go to Moneysupermarket.com for advice) you can make £50! Money for nothing! I know it's not a lot... however it's free (essentially!)
(Make sure it pays monthly interest if you're going to take your money out before the 12 months is up!)
Hope this helps a little bit, Enjoy and good luck!
Best of luck with your saving simon, im in a similar position to yourself, im trying to juggle a mortgage while saving for a 3 month trip to asia next yr. Going out for nights out on the weekend burns a hole in one's pocket. Try limit yourself to 1 or 2 nights out per month and try to limit it to the pub, forget night clubs. Have a few beers before you go out, take buses not taxi's. Just have in the back of your mind what you are sacfraficing your social life for!!! One last thing, here is something that is working well for me and that is to start a change jar, you will be amazed at how much you will save.
Thanks a lot guys for all the advice. I think I will knock the lottery plan on the head. Anyway - who'd really want to travel with £1,000,000 in the bank. Half the fun is running out of money and blagging your way through!
Good luck to everyone else who is saving for their trip.
One last thing, h'ere is something that is working well for me and that is to start a change jar, you will be amazed at how much you will save.
I've been saving up change for as far as I can remember. For the saved cents and small bills I bought a 25euro concert ticket during my last trip to Finland in June. It didn't even take me that long to save up all that. Just every day after coming home I empty my wallet from cents and smaller bills. Small things really do make the difference over a longer period of time.
Good thread, it made me realize that I'm not in as bad position as I had thought I am. Living at home and working part time - even though I'm not making millions, I'm not paying rent either. And that just might mean some trip in the future.
Good luck with your budget management and travelling!
I'm currently saving up for my trip to the UK in three years. I've made a 20$ challenge.
Here's how it works :
I put 20$ for a start or put none in it.
- No spend day (I didn't spend money today) : 1$
- Save money on bus (I walk to work) : 2$ (bus price for a trip)
- I wanted to buy something like, for example,the latest CD that just came out and I waited five or six months, then there's a 50% sale: My CD was 20$ and with the 50%, I save 10$. I put the 10$ in my challenge money.
- I quit a bad habit like smoking( I don't smoke actually, it's just an example): 2$/day or 5$/a week for a pack... I put it in my challenge money.
- I sold something in Ebay or to a friend : ~22$... I put it in my 20$ challenge.
It didn't change my spending habit that much. I started this challenge money at the start September and so far, I've made 190$.
My challenge is to save at least 4 000$ in May 2009, so far so good... I think it might be possible for you to save like that but with more time since you don't have a lot of money you can save... This challenge helps you find ways to reduce your spending and save the money that you're suppose to spend on something else. Well it works for me, I don't know for you.
[ Edit: Edited at Oct 15, 2006 7:51 AM by T_I_N_A20 ]
You have a lot of good ideas already. I don't have a problem with an occasional purchase of a cheap lottery ticket, I've been lucky several times with them.
After you have your travel nest-egg saved up you don't want to squander your hard earned money by paying too much for your plane tickets and accomodation.
Read up on the places you want to go to and decide the most economical way to get there to save on airfare.
When you price out your plane tickets always check a few days before and after your desired departure date for cheaper fare. Sometimes just by leaving on a different day can save you hundreds of dollars.
Use the time when u are working and saving, to do travel research. This will give u plenty of time, to find the best deal.