Traveling with the economic trips where you don’t have to spend extra for the same thing you want to enjoy is not something which you only want to achieve. Every one of us wants to travel with friends and family and wants to enjoy the days, but we don’t do the same .. and you know why?. One of the biggest reasons we offer it is because of not having sufficient budget or money to spend on. Or the other thing we usually say is that we have enough expenses already on the head and can’t think of traveling as of now. But let me tell you one secret, that we if properly manage our budget and cut down unnecessary expenses then we can afford our economic trip pretty easily.
The first and foremost thing we should do is to write down all our expenses including what all you think are very minor and regular ones. You can include rent, bills for electricity, mobile, cable, gas, and others with other scheduled payments like school fees, insurance fees, etc. It should be followed by chocking out all expenditures which are usually ignored by all of us but these are the only ones that shakedown your budgeting. It includes spendings on food in hotels, movies, shopping, alcohol and smoking, and daily meal charges outside.
So, what I want to explain is that by cutting down your daily or usually ignored expenses, you can generate a fund that can be used for your economic trip purpose in the future. Here are some tips which will be beneficial in your way to clear your hurdle of not having enough money for travel.
1. Monitor your Expenses
The fundamental rule for budgeting is to track all the expenses. By doing this exercise you will come to know where your hard-earned money is going and how to stop the wastage and in turn, save it for the future. It is the first and foremost exercise to excel in Personal Finance. By doing so, hopefully, you will be surprised to know the wastage and ways where your money is getting waste regularly. you can cut down those wastages and use the savings for travel purposes.
2. Skip the Unneccessary expenses
Some of the lifestyle expenses can be easily avoided or at least can be reduced to an extent which in turn, will save your health and increase your savings. Expenses like Smoking, Consumption of Alcohol, and frequent spending on movies in theaters are included in it. I am not saying to completely stop all these spendings, but to restrict it to the extent possible. Alternatively, you can drink your minimal in your rooms only in place of bars where you will be charged heavily for same. Also if possible, try to avoid drinking before going out when on travel as it creates negative impressions among fellow travelers if any.
3. Set up a separate bank account
This is a well-proven step and well recommended as well by all leading financial experts in improving your budgeting and personal finances. You can and actually, you should have a dedicated separate bank account from your account in which your salary gets the credit. You should save as little as possible from every spending and must deposit it into that dedicated account. By doing this, the money in this dedicated account will be saved from unnecessary spendings and can be easily used for the future like helping in undertaking a economic trip. You can take this bank account as your piggy bank in which we were customized to save money since childhood. You can have a look at the Basics of investment where you will learn some best ideas to further manage your finances.
4. Save from your cup of Tea
Whenever we are away for our regular job purposes, we use to have tea or coffee outside. Generally, people tend to spend extra over this tea bag. Saving from your teabag simply means that you should cut the extra spendings on your tea by simple steps like avoid visiting posh cafes, can cut the amount of tea, and also you can save on the cost of cookies, etc. By giving up one or two Teabag daily will surely boost your finances in long term, which can be used to generate funds and the same funds can be utilized in those economic trips.
5. Start using Public Transport
Having a private vehicle for a frequent traveler is not at all suggested because it has its own shades like extra spendings on insurance, servicing, fuel, and repair. And we are here discussing the topic of how to save for the trip, so the private vehicle is not all fitted in our segment. Additionally, if you are traveling by personal vehicle, you have to search for accommodation having proper parking facility as well that means another additional expense on the part of hotel charges.
On the other hand, if you start using the public transport system to the extent possible, you can save your penny and make your travel an economic trip. Also, you don’t have to search for parking or security for your vehicle. You should learn to love the walk and must get rid of vehicles if you can roam easily on foot. Also nowadays finding good transport is not so hectic with the advent of technology and systems with a plethora of taxi services available everywhere.
6. Cooking by self can be fun
I am suggesting this step not just for money but for fun as well. Cooking in itself is an art and you can use it for earning as well as for the fun part. Also dining in restaurants regularly costs you heavy on your pocket which can be easily saved by self-cooking. Also, regular outside eating is not suited to everybody as a health concern. Learning to cook is not so technical nowadays with the advancement of technology and you can learn it by watching videos and reading books.
7. Go for Travel credit card for economic trip
Using Plastic money or Credit Card for payment of expenses is a convenient and efficient way nowadays. As credit cards come with many lucrative offers over usage like cashback, reward points, and interest-free usage period. Every credit card comes with some particular purpose and yes, there are cards available specially designed for travel purposes. You should get a new travel credit card which can offer you money, rooms, and flights at cheap prices.
Travel credit cards with efficient usage can be proved as a budget generator and you will get reward points by daily spendings while on travel. These reward points can be used for extra savings and in turn, it will save to your pocket which will ultimately make your economic trip memorable.
I am sure these small tips will surely help you in bringing your cost down to some extent and you will be able to manage your travel efficiently in future.
Important Points needs focus:-
If you are thinking for a vacation there are some points which are worth mentioning here, will be helpful for you in your trip:
⇒ If you are at the planning phase, it is recommended to go through the blog on 12 things to consider for planning a trip.
⇒ Once the plan is finalized, it is very important for you to cater to your safety and security during the trip and for that there is a detailed blog on Travel Safety tips which you should fo through.
⇒ Please be adhere to simple but effective travel safety tips.
⇒ While planning trekking, you must go through 6 basic trekking tips.
⇒Don’t throw Plastic and spoil the beauty of Hill station ( and you know Distilled water, Cold Drink Bottles are the main culprit)
⇒Please left this beauty for our next generation to enjoy as well
⇒ Try to make maximum usage of Plastic money like Credit or Debit cards for any transaction for booking as it will save you from the unnecessary carriage of cash in hand.
⇒Carry sufficient Cash in hand which will save you from some situations where no card facility exists (can be checked prior)
⇒Try to taste local foods wherever you go, and try to reside among the locals like in homestays
⇒Be polite with serving staff whenever using restaurant and bar services
⇒If time and your will permit please help locals collect garbage thrown over there by visitors like us so that we can think to plan the same destination again.
⇒Hotels can be checked online but if possible please visit Hotel personally and then only proceed for payment (especially in the Offseason).
⇒Check your Hotel room for any suspicious things like Camera and all as frauds are on the peak so Don’t compromise your safety.
⇒Inculcate a habit of carrying a Travel Medical Kit with minimal requirements in an emergency like Fever, Headache, Stomach pain, Cold and Flu, Dysentery, etc.