Take a sheet of paper and list all of your fixed costs, such as rent/mortgage, car payments, cable/streaming bill, mobile phone, insurance, school payments, and so on. Add them all up. Southwest Promo Code – Fly High With Us Flight Booking Portal.
Then make a list of all your discretionary expenditures. This is how much you spend on things like food, movies, beverages, shopping, Starbucks coffee, cigarettes, sports tickets, your daily midday snack, and other such items. If you don’t know what you spend your money on, keep track of your spending for two weeks and observe what you spend.
What did you get when you added it all up? It’s most likely a significant quantity of money.
To summarise, whether you want to begin traveling more or save money for a certain trip, you must first develop a budget. This will show you where you may save money and where every dollar you earn is going. Southwest Promo Code – Fly High With Us Flight Booking Portal.
Cutting your everyday costs, being more economical, and downgrading to a simpler lifestyle can help you to save money for your round-the-world journey without having to locate other sources of income.
Naturally, the smaller your salary, the longer it will take for you to save enough money to go. However, just because something takes longer does not imply it will never happen. Over a long period of time, a little bit every day adds up to a lot. Southwest Promo Code – Fly High With Us Flight Booking Portal.
Here are a few easy and innovative methods to save money, make money, and get on the road faster:
1. Track Your Spending
Because, as stated in the introduction, most people do not have a budget, the first step towards saving money is to understand where you are spending it. It’s easy to forget how much we spend in an age where you tap an app and a car arrives. Track all of your spending with a spreadsheet or a program like Mint. Once you start paying attention to where your money goes, you’ll probably be shocked. Southwest Promo Code – Fly High With Us Flight Booking Portal.
Start recording your costs – and maintain track of them – so you can continue to cut off the low-hanging fruit and figure out where you’re wasting money. You can accomplish this using a spreadsheet or a website like Mint.
2. Setup A Separate Bank Account
This has long been advocated by financial gurus. Set up a second bank account and have money put into it automatically each pay period. Putting money in a separate bank account, regardless of how much you put away, keeps it distinct from your expenditures and prevents you from overspending. Consider it as a piggy bank. It is not to be raided. It’s the money you’ll use to travel.
3. Cut The Coffee
Do you enjoy your Starbucks? Starbucks, on the other hand, adores your cash. Coffee is an everyday cost that drains your financial account without you even realizing it. You spend $150 USD a month on the $5 USD coffee you have every day. That’s two months in Southeast Asia for $1,800 per year. Southwest Promo Code – Fly High With Us Flight Booking Portal.
What’s more important: your daily cup of coffee or spending more time on Thailand’s beaches or visiting Borneo’s jungles?
Giving up your cup of coffee may appear to be a no-brainer. And, sure, the time saved by not having to buy one is useful. Under normal conditions, this financial advice would be considered “little thinking” and not worth the time or effort.
However, you have a trip objective to meet right now, and every cent matters. Southwest Promo Code – Fly High With Us Flight Booking Portal.
4. Learn To Cook
We all need to eat, but eating out is costly. Cooking more regularly will help you save money on groceries. I learned to cook in college (a skill that has served me well since), and I limited my dining out to two times a week before embarking on my first trip. Every other meal was prepared by me. I would preserve the supper leftovers for lunch the next day, saving even more money. Southwest Promo Code – Fly High With Us Flight Booking Portal.
You also don’t need to be a culinary genius. There are several culinary websites, YouTube videos, and recipe blogs available to educate you on how to prepare quick and healthful meals. Making dinner takes me no more than 20-30 minutes.
5. Loose The Car
Car ownership is too expensive due to insurance, maintenance, loan payments, and petrol costs. If you can, get rid of your automobile. Learn to like taking the bus, the metro, biking, or walking. While using public transit to work may take longer, you may use that time to plan your trip, read, write, or do other useful things.
Purchasing a cheap automobile will allow you to put the money you would have spent on a more costly car toward your trips. Southwest Promo Code – Fly High With Us Flight Booking Portal.
Furthermore, with the rise of Uber, Lyft, and other ride-sharing services, finding transportation has never been easier, especially in tiny communities. Do the math, but it could be less expensive to use Lyfts around town than to buy a car.
6. Save On Gas
It all adds up! Fortunately, there are several methods to save money on petrol! To begin, download the app GasBuddy to locate low-cost gas near you. Second, enroll in all of the main gas station reward programs. They save you about 5 cents per gallon by default. Southwest Promo Code – Fly High With Us Flight Booking Portal.
Shell’s Fuel Rewards program is the best since it may save you up to 50 cents per gallon when combined with a dining program. Additionally, utilize GasBuddy’s credit card, which can be linked to any of these reward programs and then used for a 25-cent per-gallon save. Most supermarkets have loyalty schemes that save you money on petrol. Also, if you join Costco, you may save a lot of money.
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