Follow:
inspiration, travel, travel planning

Saving Up for Travel – My Action Plan

image

 

Lack of sufficient funds can stand in the way of a lot of us pursuing our travel dreams. Many of us feel we have to be rich, have a trust fund or have our parents backing our travels.  The truth is that with planning and little bit of creativity you can save up for that dream trip. I hope to in the next year or so take my dream trip down under to New Zealand and Australia. Here are steps I am going to take in the next year to reach my goal.

1. I will cancel my membership at the gym I love going to to the gym and I love how I feel when I’ve finished a workout. Truth is the monthly cost for the gym can really add up. Instead I will walk, run, work out at home with my matt and weights and go biking. I may not have a nice gym with tons of machines to work out on but with a bit of effort and creativity I can make my own home workout.

total monthly savings = $35

2. I will cut out my daily coffee habit. Yes I admit I am a coffee and fancy latte addict. Having a daily cup of coffee from the local coffee shop is a comfort for me. I am going to work hard to break this habit. I estimate I spend $5/ day on coffee and specialty drinks if not more. They are my vice. Instead I will make coffee or tea and home or drink the tea and coffee that is supplied at work.

Total monthly savings = $150

3. I will negotiate with my internet provider for a lower rate. Currently I pay around $80 to Telus for my home internet. I know Shaw their competitor charges their clients around $65 for the same internet package. I will call Telus and ask if they can match Shaw’s price. If not I will switch to Shaw or another provider.

Total monthly savings = $15

4. I will cancel e-mail marketing account with Constant Contact. Currently I am using Constant Contact as an email marketing service. I have a list of about 35 email contacts and I don’t send out a lot of emails. I am going to switch my contacts over to a free email platform like mail chimp. I will save a lot every month!

Total monthly savings $28

5. I will continue to pick up odd jobs on the evenings and weekends. 

Babysitting = $2oo/month

teaching guitar lessons = 5 students at $50/ month = $250

Busking = $250/month

total earnings = $700

My expenses (Rent, food, hydro, internet, etc total around $1200

My current income is $1700 (from my job and the things listed above)

I can currently save $500/ month for my next trip. If I save $500/month for the next year I’ll have $6000 by June 2017. Exciting!

So this is my plan. What is your plan? What can you do to save for your next adventure?

 

Share on
Previous Post Next Post

You may also like