19 Ways To Save Money To Travel Anywhere You Want

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Traveling the world seems like a dream that is nearly impossible with no money in your bank account.

I constantly hear people say “I wish I could travel, but I am really broke right now.” 

One of the main reasons people don’t travel is due to insufficient funds, which is understandable. Since this happens to be one of the main factors that prevent people from traveling, I decided to do some research on ways to save money and travel more.

By taking a hard look at your spending habits, you will find all the ways in which you are losing money. 

In this post, you will learn 19 money pinching tips to start saving money for traveling this year.

1. Know Where All Your Money is Going

Wherever you are as you read this, sit down and log into your bank account. 

As you scroll through your bank statements, take a piece of paper and write down where all your money is going. 

Once you have a list of what you are spending your money on, begin eliminating spending habits that are not necessities (e.g. movies, desserts, alcohol, candy, fast food). 

By reducing the amount of money you spend on things you don’t need, you can start using that money towards your travel budget.

Here are some apps you can download to save you money:

Digit App

Digit tracks your spending and can determine how much money is available for savings. Basically, it automatically takes a small amount of money from your bank account depending on your spending habits and stores it into the app without you knowing it is saving it for you. It’s all automated so you don’t have to worry about anything – let the digit app save you money.

Mint App

The Mint app is a savings app that allows people to manage and track their spending habits. You can see how much and what you are spending your money on. Not only that, this app can also remind you about upcoming bills that you need to pay to stay on top of your payments. Pretty cool, right?

2. Set Up an Account for Traveling

If you are serious about finding ways to save money to fund your travel expenses, then you are going to need a separate account for traveling. 

Having an account solely for traveling holds you accountable in meeting the amount of money you set for yourself.

I would recommend transferring money every month from your checking account (maybe $20) into your traveling account or talking to your bank advisor about possible automated transfer services.

As previously mentioned, a great way people have been saving money is by using the Digit app.

Digit tracks your spending and can determine how much money is available for savings. 

3. Stop Buying Coffee

Avoid buying coffee or tea from your local shops. Making your own is a healthier and cheaper option. 

Many coffee lovers will buy 2 cups of coffee a day, and if that is you, I would recommend you start bringing your coffee from home. 

A coffee cup from a local shop is about $3 on average, so if you were to buy two cups of coffee a day that would be $6, and if you multiply that by 7 days of the week that equates to $42 weekly. Multiply that by 4 and it totals around $168 per month.

Depending on your destination, that’s the equivalent of a one-way plane ticket. All this money could be going towards your travel budget.

4. Switch Bank Accounts

You are likely a client of a bank that requires you to pay a monthly fee for banking with them.

Call your bank today and figure out what type of fees they have been charging you monthly. If you have been getting charged, start looking for other banks that do not charge you monthly fees.

Some banks even give you a bonus for switching to their bank or keeping a certain amount of money in your account.

Chase, for example, gives you up to $350 when you sign up for a checking account and a savings account. 

5. Reduce Car Usage and Insurance

Spend some time researching your car insurance to see if they offer any discounts for being a student with good grades or for being a loyal customer.

While I was attending college, my car insurance reduced my monthly payments by 10% because I was receiving higher than a 3.0 GPA.

Call your car insurance today and see if they provide any services or offers for college students to reduce your insurance costs.

If there is no way to reduce your car insurance payments, I would recommend you start using public transportation, ride a bike, or even carpool with someone from your work or school.

Using a car is an expensive luxury since you have to pay for gas, tires, oil changes, parking, monthly insurance payments, tickets, and other car fees.

If you really want to save money for traveling, you should consider purchasing a monthly bus pass. 

You will save so much money from gas, parking, and maintenance costs.

6. Start Meal Prepping

If you are a foodie like me, going to your favorite restaurants can be extremely tempting. Unfortunately, you are going to be losing a lot of money by giving into these temptations. 

According to a recent study conducted by the US Bureau of Labor Statistics, on average, people spend approximately $3,000 yearly on take out instead of cooking food at home. 

If you do the math, that is around $50-60 that the average person spends on a weekly basis for takeout.

With technological advancements in apps like UberEats, DoorDash, and GrubHub, users are going to continue to spend money paying for their food and as well as having it delivered to their door step.

So do yourself a BIG favor and save money by meal-prepping.

A majority of city counties have food banks that provide food at least every 2 weeks for anyone who needs it. 

This is a great resource to look into. It will allow you to see what type of food sources your county offers to the general public.

And don’t forget about those coupon discounts. 

There are so many websites and company’s that offer discount coupons for meal deals and sometimes, people are not utilizing them.

Here are some websites that offer some great discount coupons for you to use!

  1. MyUnidays
  2. RetailMeNot

Don’t worry, I have a section below on more coupon deals that you can utilize.

7. Cancel All Unnecessary Subscriptions

According to a study from WaterStone, 84% of Americans “underestimated what they spend each month”. 

Honestly, that is a lot of people!

People tend to get charged on subscriptions they thought they had previously deleted. I would check your bank account right now.

The study also revealed the top subscriptions people are paying for: starting with phone bills, WiFi, TV, Amazon Prime and music streaming.

If you have subscriptions such as Netflix, Hulu, or Spotify, but you are not using them very often, you should consider canceling them. 

I also strongly suggest you cancel your Dish Network or Comcast subscriptions since you can just go on Youtube and other free websites to watch entertainment videos.

Don’t forget to check your bank account for any recurring monthly fees that you are being charged with. 

8. Search for Discount Coupons

Do you have a favorite grocery store that you always go to (e.g. Vons, Trader Joe’s, Safeway)?

Want to save a couple bucks while you’re doing your normal shopping? 

Next time you’re at the grocery store, speak to one of the employees or manager and see if they have any discounts or coupons they might be offering. 

You can literally use coupons for anything and everything. There are coupons to reduce costs of groceries, gas, clothes, massages, and shoes. 

If you haven’t been checking your mailbox, now is the time to start. It only takes a couple seconds to sort through your junk mail and find all the good deals!

You should also look for coupons online. You never know, you might find a coupon specifically for the restaurants you often go to. 

I’m constantly finding coupons like ‘Buy One Get One Free” (BOGOF) and many others that I can use at grocery stores, restaurants, and even bowling alleys!

Yup, you read that right.

Every year, thousands of people are losing hundreds of dollars by not taking advantage of these discounts. 

You can even set up your email account to receive coupons by subscribing to the company’s newsletter. You will then begin to receive additional offers and you can optimize how you save your money. 

What are you waiting for? Start saving money now!

Here are some coupon sites and apps that you could use:

MyUnidays 

If you are a college student (age 16+) studying in the United States, MyUnidays offers a variety of discount coupons for traveling, clothing, food and other resources. Looking to travel anytime soon? They have discounts for several hotels and zipcars. Looking for a new laptop or phone? They have 10-15% discounts for Samsung users and for laptops. MyUnidays has many amazing deals! They even have a $15 off coupon for Grubhub.

RetailMeNot 

This website helps you save money on traveling and groceries by providing you with promo codes and discount coupons for all these stores.

Coupons.com 

They offer promo codes, grocery and even restaurant coupons that you can print directly from their website. While I was going through the site, I clicked on digital coupons and the algorithm immediately found stores near me. It even found me some coupons for Dollar General!

SmartSource 

This is another great place to find discount coupons and save money. It gives you the option of choosing categories for discount coupons you are seeking and even the brands.

Make sure you check your mailbox. I constantly receive dozens of coupons offering me discounts for food, car maintenance, clothes, and other services. 

9. Quit Smoking and Drinking

If you haven’t already, now is the time to quit these nasty habits. 

You already know that quitting smoking and drinking will greatly improve your health, but it will also save you money.

According to a recent study, the average American spends around $133 each month on cigarettes and between $50-200 on alcoholic drinks.  

That is a lot of money to be spending on a monthly basis. If you eliminate these negative habits, you can use that money for traveling instead.

10. Find Alternative Accommodations

Avoid staying in hotels when you travel. Hotels are the most expensive type of accommodation.

Camping, buying an RV, staying with locals, and using Airbnb are all cheaper alternatives to hotels and motels.

Here are some other ideas for alternative accommodations:

1) Couchsurfing

Is an increasingly popular way to save money while traveling to another country. You can search through a list of individuals who are willing to provide you a coach for a night or two (or longer). In return, you can provide a couch to a traveler from a foreign country– or from your own. Build a solid friendship with your guests, and then they can host you if you plan on traveling to their home state or country. Oh, yeah I forgot to mention that it is free!

2) TrustedHousesitters

Allows you to take care of someone’s home while they’re away. There are people who sign up on this website to find responsible, caring individuals to take care of their home, animals, gardening, and other household chores that are needed.

3) Work trade

Is a volunteering abroad website that connects you with individuals who need help with daily tasks to large scale projects. In exchange for your hard work, these individuals can provide free housing and food.

4) Teachaway

Allows you to teach in a different country and provides you with teaching opportunities at private institutes, colleges, and universities. All you need to do is sign up, search and apply, complete your bio, and wait for a recruiter to help you get started. 

5) Become an Au-Pair

An Au-pair travels to a different country and takes care of any children, teens, adults or responsibilities that the families need.

Au Pair World is a program that allows someone to travel to a foreign country to live with a family in exchange for accommodating the needs of the family.

11. Sell Your Belongings

Flipping and selling personal belongings that you are probably hoarding is a great way to earn some extra cash. 

I am confident that if you were to look around your home, you would find 5-10 items you haven’t used in the past year that you can sell for money.

You could make around $200-300, on average, if you sold some of your belongings (ranging from, but not limited to: clothes, shoes, electronics, cards, sweaters, video games, and jewelry)

Let me guess: not interested in having a garage sale and having random people at your home?

That’s fine, no worries.

Check out these mobile apps you can download to start selling your items at your fingertips:

LetGo 

This is an app that you can download to find people locally who want to buy or sell their belongings. Just sign up, register with your email, create a password, and publish a photo of yourself. All you do is take pictures of the items and then you post it and start communicating with potential buyers. You also avoid having to pay fees for shipping like amazon or eBay and you are not charged with any other commission fees.

OfferUp  

This is another great way to sell your items to people and earn some quick cash. Search for items or check out people’s profiles to see what items they have to offer. If you have any questions for any of the users, just tap ‘Ask’ to message them directly. Something to keep in mind though is that OfferUp charges 7.9% per transaction, including the payment feed.

Carousell

This is another great online marketplace for people who are interested in exchanging or buying items from other users. You can sell iPhones, tablets, TVs, furniture, clothes, shoes, kitchen appliances, watches, and many other things. 

Poshmark

This is an online platform where you upload photos of the items you would like to sell and wait for consumers to start contacting you. It is a legitimate website. However, it’s important to note that Poshmark charges a 20% commission fee for every sale you make. Make a profile and start selling your items with Poshmark.

12. Reduce Your Utility Bills

You can reduce your electricity bill by switching off the lights when you leave a room, by not leaving your chargers plugged, and by replacing your light bulbs with LED ones. 

Another way I save money on utility bills is by having a membership at a local gym that has showers for members to use. 

So, I started showering at the gym instead of at home, and I started saving $40 a month. 

You should also consider installing a low-flow shower head instead of a high pressure one. 

We tend to waste tons of water using a high-flow shower head when you should be using a low-flow shower head that saves you money.

If you want more information about ways to reduce your utility bill, check out this post from homeselfe.com where they provide more valuable ways to reduce your utility bills.

13. Use an Incognito Browser Window for Flights

Did you know that Airline booking websites raise the prices if you search for something repeatedly? 

Avoid overpaying for your flight by going incognito.

Do some research and you’ll discover that many airlines track your searching and information with ‘cookies’ to find and determine if specific routes are in demand and if they are, prices go up. 

14. Downgrade Your Phone Plan

Find out if you have any ongoing subscriptions that you might have previously purchased then forgot to delete the subscription. People tend to waste money every month on a subscription they forgot to delete.

Another action you can take is negotiating your phone plan with your company.

You can look at how much money you are spending a month with your current company and then compare the prices to other companies.

For example, if you are spending $100 with AT&T, but Verizon has the same plan for $80, you can bring that up to your company.

Businesses only thrive when they have customers, and without customers, businesses do not thrive.

Ask to speak to the customer-retention department, and let them know about companies that are offering cheaper prices for the same plan that you have with them.

Find out about any deals they can offer you and if you have been a loyal customer for years, you can use that as leverage to get a great deal.

You can also just connect to WiFi as often as you possibly can; this limits your data usage.

I have seen some people that actually turn off their phone plan and use an app called WhatsApp and they are able to communicate with people once they connect to WiFi.

You can also communicate without a phone plan with Snapchat, Instagram, and even Facebook that allows you to call people or message one another as long as you are connected to Wi-Fi.

15. Live with Your Family or Roommates

According to a recent study by Bankrate, 39 million U.S. adults reported they will not be traveling this summer due to having to pay day-to-day bills. 

In other words, people are not traveling because they HAVE to pay bills.

If you live with your family or parents, you are most likely not to worry about paying for rent, bills, and groceries. I know it sucks, but trust me. 

Consider living with family or even a bunch of roommates to save up enough money to travel.

Don’t let bills be an obstacle from letting you travel the world this summer.

16. Use Cash, Not Your Debit Card

According to a study “results show that people are willing to pay more for identical products with debit cards than cash.” 

In other words, if you have a debit card, you are likely to spend more money than if you only had cash on you. 

Why? 

Because there is a psychological force that makes us conscious of the exact amount of money we spend when we use cash, whereas if we use a debit card, all we have to do is swipe.

Swiping your card becomes an easy habit that can lead to more spending.

If this sounds like something you do, I recommend withdrawing cash from your bank account in order to set a limit on how much you’ll spend for that week.

17. Set a Weekly Allowance for Yourself

A weekly allowance gives you an opportunity to create a saving plans dedicated towards your traveling expenses.

Many of us tend to just swipe our cards to buy coffee, soda, chips, snacks, or other personal items that we do not necessarily need. 

Having a weekly allowance will help you become more mindful of unnecessary items you are purchasing.

Calculate how much money you need to use for necessities (e.g. rent, bills, gas.) and the rest store into a savings plan for traveling expense.

  1. Stick to your calculations and make sure you do not exceed your weekly allowance. 
  2. Remind yourself why you are money pinching and how exciting it will be to travel the world and experience different adventures.

18. Start Using a Piggy Bank

Piggy banks are so underrated!

Seriously, I honestly don’t know anybody who actually has a piggy bank to save money. 

The best part about a piggy bank is that it doesn’t charge you any monthly fees and at the end of the month you get to keep it all.

Quarters, dimes, nickels and pennies add up when you are constantly using cash to buy snacks or items. 

We usually tell people “keep the change” or we tell our friends “ keep it, I don’t carry change”.

I guarantee you that if you continuously put change into your piggy bank for at least 3-4 months, you will have at least accumulated $300.

$300 beats $0.

Start saving any change you find and even asking your friends to give you their change if they aren’t going to use it.

19. Student ID Discounts

Find out what type of discounts your college ID offers and see if you can save money this way. 

When I had my college ID, I was able to receive discounts on movie theatres, events, museums, joining banks, Amazon, FedEx, Denny’s, phone plan, and the health center. 

Additionally, many college students forget they have a student health center where they can receive services that already comes with their tuition such as: birth control pills, condoms, medicine, etc.

I mention this because many students go to a hospital or a gas station to buy these products and eventually these expenses begin to add up.

If you want to know more details about student ID discounts, check out this blog.

Conclusion

These are 19 valuable ways to save money and start traveling the world more. 

Saving money can really make the difference in helping you make enough money to start traveling more.

How many of you have a hard time saving money?

Are there any other tips you would recommend to start saving money?

Make sure to leave a comment below!

Yours truly,