How To Save Money To Travel The World

May 01, 2022 0 Comments

We have to budget our money for things that are important, of course those things include our basic living expenses such as rent, phone bill, gas, school necessities (i.e. books), etc… but, if you’re here on this blog, then, traveling is also important to you. Take some time to evaluate your daily expenses. We guarantee that if you evaluate your expenses, you will find a few pleasantries that you can cut back on or cut out completely! 

 “There was a period of time where I was eating out every day for lunch. So, instead of bringing my lunch to work, I was spending approximately $10 to $15 buying lunch from local restaurants every day. And looking at the bigger picture, $15 per lunch meal amounts to $75 over a typical 5-day work week and $300 over a four-week work month!” -LaVerda

 

Many people find it difficult to be personally responsible for putting away money in a saving account from their source of income. An automatic saving account is a great option. For example, many places of employment offer the option for portions of your check to be deposited into two different accounts, which eliminates the personal direct responsibility of having to consciously set aside money for your next trip. And, to take it step further, research high-value savings accounts and Thank Us Later!

“With your savings account, pretend it’s not there, you will benefit from it!”-Verone

 

To prepare for our trips we usually utilize several travel search engines: Kayak, Trip Advisor, Oyster, Skyscanner, Fare Compare, and Hopper. We use all of these search avenues to compare prices from many different websites. Take note that not all airlines participate in the aforementioned search engines. Our full proof research process ensures we are selecting the best flight and hotel to fit our needs at the greatest value. The added bonus about these travel websites are the access to thousands of reviews and pictures of hotels. We love to go through the reviews of travelers to compare experiences, amenities, and pictures of hotels before making the decision on our hotel. 

Speaking of reviews, Instagram, TikTok, ThePointsGuy, and YouTube are phenomenal search engines for pictures, vlogs, and reviews of travel destinations and hotels.

 

 

"One of the best financial decisions I made was to apply for a Rewards credit card. I would regularly receive flyers in the mail for credit cards from airlines that offer frequent flyer miles to card holders. Airline credit card programs advertise that customers will receive bonus miles for applying and bonus miles for purchases made during a certain time period. If you’re new to rewards credit cards, it may be more beneficial to begin as a cash back credit card holder. With that said, airline credit cards can be rewarding for people who plan to travel often.  With many cash back credit cards and airline reward credit cards, you can receive cash and points back on various purchases, which can be truly rewarding when used responsibly.” -LaVerda 

Never allow credit card balances to carry over month to month. It's a great habit to pay credit card statements in full at the end of each month to avoid paying interest.

Chase Ink Referral!

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