Massive Trip Abroad? How to Save Money

As soon as you decide that you want to go on a big trip abroad, you should start saving your money. That extra beer on a night out now could be a night’s accommodation in South East Asia. If you’re dedicated to making the most of your time abroad, trust me, more money = more fun.

Just say no

One of the top ways to save money is to cut down how much you say yes to activities with your friends and family, in other words, just say no. If you could just cut down your weekly going out to once, twice or even not at all you stand to save a fortune. If you do decide to go out just say no to that extra beer, to that nightclub entry or desserts. And say it firmly and without a fuss, otherwise you’ll become a night time bore.

Say no to gigs and festivals

Save in an ISA

When you start making money you should keep it in one of the banks’ cash ISAs to maximise saving. Every year the government decides on an allotted amount that can be saved tax free and with a higher interest than normal (£5,760 in 2013/14). It’s up to you to make the most of it. Different banks offer different interest rates so make sure you shop around to get the best one for you. If you’re saving for over a year make sure you check your rate at the end of the financial year as some banks will push it right down again.

Keep out of mischief

I saved for my big trip by staying in and researching how much fun I was going to have, rather than spending my hard earned cash. The best free distraction is the internet: read travel blogs, check out travel sites and start looking for opportunities to travel for free, make money as you travel online, or even better earn money while you’re out there. I can assure you there are plenty of opportunities out there.

VickyFlipFlop in the Northern Territory

More money means you’ll be able to do fun stuff like this ^

Work hard

Spend all your time working to help with the above. The more money you can store away now, the better time you’ll have later. Show that you’re a hard worker in your job and they might even offer you a job when you get back, or even freelance while you’re away. If you want it that is. The more time you spend working, the less time you spend spending!

Sell your stuff

There are loads of websites out there from Gumtree to eBay to everything in between where you can sell your possessions in return for good old hard cash. This will also help you streamline your life, and get rid of the tat that’s been dragging you down. It doesn’t take long and they only charge a small fee – turn your junk into travel money!

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1 Comment

  1. by The Guy on May 28, 2013  4:01 pm Reply

    Many thanks for the tips. Showing a bit of self control and cutting back on little things does make a big difference, I agree.

    Did you know that your link in the article clicks through to an error page?

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