We often want to travel to different places. But we always find ourselves having a hard time affording it and thus it takes a lower precedence than other expense. I am revealing the secret that how do I afford my travels. I have got a kind friend who sponsors my trips. I recently won a big lottery which allows me to spend money on travel. My dad is super rich and he funds my expenses. Alas ! None of the before mentioned things are true.
Traveling is expensive – no second thought on that. The moment you step out of your house, you start spending. With the increasing inflation, even a weekend trip would cost you a handsome amount. So the question arises that how can we reduce the cost associated with traveling. Following are some of the ideas that have worked for me.
1. Each one of us have different priorities in life. The dreams of individuals differ from each other. If you want to travel then put it high on your priority list. If you want to buy a new car, put it high on your priority list. If you love shopping, put that high on your priority list. The logic is very simple. Spend your hard-earned money on things you love doing most.
2. Since circumstances of each person varies from other, the amount of money that can be set aside towards travel would vary. So choose your destination accordingly. You need not travel to an exotic location just because everyone else does. Important thing is seeing a new place that you would not have seen otherwise. It can be place next to your home town. Of course if your plans are bigger so should be the sacrifices.
3. Build a travel fund and pump some money every month into it. Let your travel fund grow so that you can afford to visit the place you like. Discipline becomes very important. So if you don’t find yourself disciplined enough then open a recurring deposit account and take an oath that you will not break it till the maturity period.
4. Plan your travel in advance. This not only gives you sufficient time to research but also lets you book your tickets at cheaper rates. Flight ticket rates have a huge variation depending on in how much advance tickets are booked.
5. Avoid visiting places in peak season. The peak season is the best time to visit a place but at the same time most expensive as well. So plan you travel just at the beginning or end of peak season. That doesn’t mean visit a place in worst weather but find a mid way. e.g The best months to travel in Ladakh are considered July and August but you can visit in September when weather is still good but crowd will be comparatively less and prices will be a bit lower than August.
5. Look for various discount deals available online when you book flights/hotel. I have saved a couple of thousand rupees while booking flights just by investing few hours in searching for discount deals. Before booking spend some time in comparing rates on multiple websites and also check airlines website. Yes it does take some effort but its worth investing. Like the Facebook pages of travel sites so deals come to your inbox. Take help from your friends, browse discount coupon websites and there are n number of more ways.
6. The most expensive part of travel after flight tickets is accommodation. I prefer staying in budget hotels. A Budget hotel doesn’t mean an unclean hotel but the one which offers much lower rates with a compromise on luxury. It’s alright if the hotel doesn’t have a swimming pool or a fancy restaurant if it can offer me a clean room with basic facilities. Again the choices vary with individual and if you prefer luxury rooms then find alternative ways to cover up the cost.
7. Read investment books like Rich Dad Poor Dad. They not only teach you basic of importance of investments but also offer some practical advises to fine tune your spending habits.
8. Save money during your initial months of job. You deserve a party when you get your first salary but it is jeopardizing your travel plans if the parties/shopping are continuing every month on full-scale.
9. Be very cautious while using your credit card. It’s very tempting to spend money in buying things that you do not need when you see a shining credit card in your wallet. Resist the temptation and use it only for discount deals offered from time to time on flight bookings.
Above ideas are not intended to imply that stop enjoying your life. If you really want to travel but canceling your plans again and again because of funds crunch then above tips may help in planning. The answers lie within us only. So dream a destination for yourself and start working towards it. I myself need ideas for generating funds to visit my dream destination New Zealand. Anything you want to suggest ? 🙂