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How do you save?

Travel Forums General Talk How do you save?

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11. Posted by bennnn (Inactive 93 posts) 9y

Quoting aharrold45

The way to save funds for travel is being a scruge even to the point of saving 5 cents on an item.
...
Start being strict on yourself and taking away a lot of luxuries. Set your priorities and goals straight ie do you think it is more important to have a bit of fun at home spending all your money or having the time of your life travelling the world spending your money.

I see your point. My biggest expenditure right now is transport (AUD$45 a week), internet, mobile phone and Food (varies, if I buy lunch). I can't cut down on transport since I need it for work, so I'll just eat smart, and possibly healthier too!

Quoting aharrold45

My dream when I was in primary school was to become a millionaire and travel to every country in the world. I'm about 1/7 of the way through the country list, but unless I win lotto I'm afraid my travel bug will not get me wealthy for any prelonged period of time.

But have you ever thought "maybe I should stop travelling and I can live more comfortably in the future.."?

Quoting cruisegirl

I have to look at the pictures and that reminds me why I should NOT borrow the money!

If you need more pictures of Australia for motivation, let me know! :D

[ Edit: Edited on May 14, 2007, at 12:54 AM by bennnn ]

12. Posted by mohit_sa (Full Member 59 posts) 9y

Thanks for all the thoughts guys. I'm re-thinking my own budgeting now. Never realized the small things can add up to so much. You've inspired me today.

Mohit

13. Posted by PJB (Budding Member 40 posts) 9y

Ben

Great question, great outlook :)

On the search for 'rich' and 'wealthy', take the following into consideration:

"Rich Dad, Poor Dad" by Robert Kiyosaki

Trust me, it will be the best investment of your cash, right here, right now.

http://www.richdadpoordad.com/about_richdad/richdad_story/twodads.asp

Pamela

14. Posted by acachada (Budding Member 11 posts) 9y

My tips...
I am planning to take a year off next year in china learning mandarin.... but for that to happen I have been making a lot of sacrifices...
-First was to pay all my credit card bills.... all my debt... done
- I have stopped going for sushi every weekend.... instead my wife now cooks it :)
- because i am a freelance software developer i also have to abstain from taking any holiday this year
- buy no clothes or primark as last resort
- I eat the cheapest food
- I withdraw a fix amount of cash at the beginning of the week... I will do everything I can not to spend it all before the end of the week.
- in truth there is a lot of money that you can't stop spending... but the trick is to control as much as you can all the frills

Well.... I only have 7 months to go.... ! Good luck with your quest

15. Posted by clarife (Respected Member 294 posts) 9y

I am currently working one day job(9-5) and an evening & weekend job! have been for the last couple of months, but whenever I get disheartened I just think that one weeks overtime here will help me live in paradise in thailand for a month!

Its a good incentive!

Post 16 was removed by a moderator
17. Posted by yolandac8 (Respected Member 159 posts) 9y

Lots of ideas here... Everyone has its system.
I am working partime right now, so my income has gone down quite a lot the last past months, but that gives me the time to do what I always dreamt of: studying French Philology.

What I normally do to spend less:

- Try to erase those small expenses that you don't need, and that when you are in shop you really feel like you need and you never use again. This also happens with chocolate, some clothing, etc...
- If you really want to go to the cinema, try to hire the movie, or go at times when it's cheaper (mornings, viewer day, etc...)
- When you go out and have a couple of drinks, try to make them last as much as possible.
- If you like music and foremost going to concerts, spot those that you can't miss and try to save to go to them, but do not try to go to all of them!
- Call your friends and family from work, it's cheaper than from you own mobile or home phone.
- Invite friends over to dinner at your place instead of meeting them at a restaurant.
- Hike, hike and hike... A day in the mountain can be very funny, good for your health, and very cheap (no phone network, homemade food, and no bars to go to!!!!).

I have always believed that working less is betther for life and health than working all week long. Even if I live on my own and pay all my bills with a partime job, I enjoy every day as much as I can with the money I have... This doesn't keep me out from travelling, although I have to chose other destinations and other types of accommodation and restaurants... But never giving up on a good trip!!!!
My next destination will be Andalucia, in southern Spain. I still don't know it and fairly close to my home!!! Guess I won't have dinner in a fancy restaurant, but who knows...

Yolanda

18. Posted by Mel. (Travel Guru 4567 posts) 9y

Hello Bennnn:)

I set a weekly budget, and stick to it.
I dont buy expensive clothers, and I dont have a car, or a TV or any expensive stereo equipment. My appartment is just about big enough for me, my boyfriend, and my daugher.
I buy my tickets, when they are a good price. I regularly hunt around the internet for bargins.
I have not bought any shares or investments. I have bought an appartment(not the one I live in). I consider that an investment. It will be payed for completely,when I am in my 50s. We can then live in it, so with no rent to pay, whatever money we have or are getting then should be enough.

Mel

19. Posted by travel. (Budding Member 2 posts) 9y

Hi! I am planning a trip to a remote African village in January with my daughter and it's going to cost around 3,500 including flights and spending money. I'm a single mum, a part time student and work 29 hours a week for 6.20 an hour! As of this moment, i have no savings and can barely afford regular living expenses! I'm hoping to raise the money by selling 800 items on EBAY (i found things from around my house and i hardly own anything! so if i can find 800 bits and bobs, anyone can!) This should bring in an absolute minimum of £800.00. The rest i am going to try and save about 50 per week from my income and i am also going to try and ask for sponsorship from my local college as i have voluntarily taught English to students of other languages there for over a year. Also, as i am going to be teaching in a local school and aiding work with health and social care in Africa, local businesses may be keen to help. I'm sure i can think of other little things to do to raise some cash like dog walking or a sponsored run or something..i'll let you know when i think of anymore! I'm also always wondering how all the people on here can just take off around the world! I thought most were wealthy enough through work, rich parents or good fortune like winning the lottery. For the rest of us..well, i guess we all have our methods! Hope mine is an inspiration!

By the way....i am not travel.. I am ghanasgirl. I sent this via my friends username/profile by mistake! sorry.

[ Edit: Edited on May 17, 2007, at 10:42 AM by travel. ]

20. Posted by flo jo (Respected Member 414 posts) 9y

First of all I plan the price of the trip included the money i will need when i come back (e.g rent and food for about 3 months).
Second I calcule my actual expenses (e.g rent food and a little amount for leisure)
Third calcule the difference between what i earn minus the actual expenses. The amount found is withdrawed from my bank account to a saving account automatically every month.

It can look a bit drastic but i know that if i want to travel that´s the only way. When you have aims in life you have to give yourself the meanings to acheive them.

Good luck with your savings