I thought I’d write a post about budgeting for travel, because it’s something I struggle with, but it’s also something I consider to be very important.
Because I really want to book my flights and accommodation in March – for travel in May – and still return to study, I am doing as much as I can right now to help myself out.
Here are the methods I’m currently using to help fund my next adventure:
- Have a savings plan
When I worked full-time, I would put a certain amount of money each pay day into my savings and that worked well for a long time. However, in the last six months, I’ve gone from working full-time, to studying full-time, and now working part-time. Studying and only having part-time work make it difficult to save for travel. Not to mention credit card bills, regular bills and food. Even if you only put $20 per pay into your savings, it’s still something. It adds up over time, as long as you don’t talk yourself into using that money for something else.
2. Take on extra work/overtime
At my old job, I would do overtime when it was offered to help fund holidays because I would make a much higher hourly rate. It was exhausting work, but worth it.
At the moment I’m taking on as much work as I can until I return to study Vet Nursing in March. My ‘normal’ work week is only three days, but luckily I keep getting asked to do extra and I never say no. I am very fortunate in that I’ve been asked to stay on at my job and work weekends after I return to study, instead of finishing a fixed-term contract at the end of February.
3. Freelance work
I made myself a profile on Upwork in December and didn’t do anything with it, and then a few weeks ago I received an invitation for an interview. I’m now doing 2-3 hours per day in a help desk/customer service role, which is mostly answering email queries. I set my hourly rate low, but it’s extra money that I am putting towards my Bali holiday in May. It works well because my normal work day is either 7am – 3.30pm or 7.30am – 4pm. Then I do 5-7pm at home.
4. Sell stuff you don’t need
The other thing I’m doing at the moment is finding stuff around my house to sell, such as a tablet I don’t use, an old laptop, useless bits of furniture and things that have sat in the garage for a couple years. What’s the point in hoarding all this junk that I clearly don’t use?
In New Zealand we typically use a site called TradeMe (a bit like Craigslist) to buy and sell things. Some of my stuff is just listed at a $1 reserve, because then I’ll at least get something for it, rather than having to pay to dump it.
5. Cut down on expenses
Most clothing items I buy are from an outlet mall that’s located near to where I live. Everything I buy – bras, underwear, shoes, jeans, etc are all under $20. I’m always super stoked when I can get something for $5.
One area where I was spending far too much money was at the supermarket. I have halved my grocery bill by being sensible and only buying what I need for the week and cutting back on buying snacks/junk food.
Every little bit helps and the reward of a new adventure is what motivates me. Plus, I hoard a LOT of useless stuff, so I really need to get rid of it!
Thanks for reading!
This post contains images that are not my own.
All opnions are my own.