The Top 5 ways to save money whilst travelling full-time!
1. Travel Slow
Travelling slow can really make you save money and stretch your budget further.
Travelling slow means: instead of picking up your backpack and moving on every other day, decide to stay somewhere for a longer period of time. Take less train journeys or flights and spread your travel journeys for longer.
Renting accommodation for longer periods is usually cheaper and you get to experience and immerse yourself in the culture of one place, for longer! Getting to experience things you may not have if you just passed through after two days.
2. Cheap Accommodation
We would all love to stay in five-star hotels and private villas, but realistically that’s just not going to happen. Unless we want to be packing our bags and going home after a month!
Accommodation is usually the biggest spendature when travelling.
Researching and comparing prices on booking sites and forums can really help to stretch your budget further. Staying in hostels is a great option and shared accommodation is normally cheaper.
3. Working or Volunteering
I know we are travelling because we don’t want to work but.. there are ways to make money and work whilst travelling full time.
Here is our full detailed post explaining how to make money whilst travelling full time.
In brief, the easiest way to work whilst travelling is to work in hostels. You can usually volunteer for a week or two and get free accommodation and sometimes food too.
4. Change your lifestyle
In your normal life you love to party, have a gym membership and eat out 5 times a week unfortunately that lifestyle is not realistic for saving money whilst travelling fulltime.
Making simple lifestyle changes, like working out at home or making a home cooked meal can save you so much money whilst travelling.
Obviously don’t stop these things all together, as we still need to enjoy ourselves. That’s the whole reason we choose this lifestyle. But just make mindful choices and your budget will thank you later.
5. Budgeting
We keep talking about budgeting, but we can’t stress enough how important this is to sustain a full time travel lifestyle. And save you dollar in the long run.
The first month we set off on our travels we spent 1/3 of our yearly budget … in a MONTH!
We had no idea what we were doing and were spending money like we had in our normal life. Only this time we were paying £100+ a night for hotel rooms. After calculating our savings and income (if we were going to be working whilst travelling). We now know how to budget expenses, for food and accommodation and experiences/activities.
If you have 10k of savings to last you a year budget that to a monthly expenditure or you WILL just blow through your money and your dream of travelling full time will be over before its even began!
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