I often hear people complain they don’t have money to travel or that traveling is too expensive. However, this couldn’t be further from the truth. If you’re having issues saving money or just want to save even more money for your next trip, follow these quick tips:
Stop Buying Coffee
You wouldn’t think that cutting out such an inexpensive thing like coffee could lead to savings, but it can. For example, if you get a coffee for $2 – 5 times a week, that’s $10 weekly, which is near $500/year you could be saving by making a small adjustment! If you’re desperate for coffee, a lot of workplaces have coffee for free or you can get a cheap coffee machine and brew at home instead.
Stop Eating Out
Eating out can be expensive, you’re essentially paying someone to prepare food for you. Eating out even just once a week could lead to close to $750-$1000 in extra cost you could be using to travel instead. Prepare your own food, it is not only healthier, it’s also more cost effective.
With so many streaming services and devices on the market you can find anything you want to watch without cable. Cable is outdated and overpriced, this is something you should cancel without any hesitation.
Utility expenses can be costly if you’re not conservative and efficient. You can save money every month by making small adjustments such as making sure your fridge is not on the highest setting, buying energy efficient light bulbs, doing your laundry less frequently, and being conservative with water usage.
Stop Bad Habits
As we know alcohol, smoking, and junk food are not only bad habits, but costly and unhealthy. Every weekend people spend excessive money on alcohol at the liquor store or drinks at the club. I’m not saying stop completely, but really look at reducing your intake as much as you can. One way to do this is to take on a healthy hobby related to fitness, not only is it cheaper it’s better for your health in the short and long-term.
Reduce Impulse Buying
I know it’s hard not to buy the latest cool gadgets that everyone has but making sacrifices will make your bank account balance grow. Before making a large purchase or any purchase for that matter, think about if you really need that item or if you can live without it.
Cancel/Reduce your Phone Plan
For some this may seem impossible right now, but cell phones and cell phone plans are extremely overpriced and major savings can be made in this area. With WI-FI readily available in most locations these days, living without a data plan can be possible and can lead to a savings of $25-$30/month. If you’re not much of a talker/texter and do most of your communicate through apps like WHATSAPP, MESSENGER cancelling or reducing your minutes/phone plan is definitely feasible and can lead to additional cost savings.