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Fund Your Traveling By Making These 7 Simple Lifestyle Changes

Fund Your Traveling By Making These 7 Simple Lifestyle Changes

Have you ever been consumed by wanderlust? No one can blame you for having a strong desire to travel. After all, traveling offers several health benefits and can completely change your life for the better. Of course, while you may love the idea of going away somewhere, most of us just can’t afford it. Or can we?

If you want to travel bad enough, then saving the money for a memorable trip doesn’t need to be that difficult. While there are numerous ways you can save money while traveling, there are also plenty of easy ways you can save up cash ahead of your voyage.

Make these simple life changes, and you will soon build up enough of a fund to make that trip you’ve been dreaming of.

1. Keep track of your spending

This first thing you should do is take a note of all your spending and analyze it. If you’re not giving your expenditures much thought, then it can be far too easy to overspend. Besides taking note of all your bills and direct debits, you should also start noting down your daily spends.

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If you take the time closely look at your spending, you are guaranteed to find something that you are unnecessarily spending money on each month. You may not even realize you were wasting that money on a forgotten direct debit; you would be surprised how often this happens.

You can use apps such Dollarbird, Mint, Goodbudget and Level Money to make keeping track of your outgoings quick and straightforward. Divide your spending up by categories, create budgets, and get a good overview of where your money goes each month. This overview will help you to identify areas where you can save money.

2. Pay by cash

We get it, paying by card is so much more convenient. However, research confirms that people spend more money when they pay by card than when they do by cash.

When paying pay by cash, you can easily see how much you are spending and how much money you have left over. Get yourself organized and schedule withdrawals in advance to help you manage your spending.

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3. Swap meat for veggies

There are plenty of great reasons to become a vegetarian and saving money is one of them. In fact, cutting meat from your diet could end up saving you as much as $750 a year.

You don’t have to go completely without meat, but just swapping a few of your weekly meals for vegetarian options can make a big difference.

4. Eat before you shop

Have you ever gone to the grocery store on an empty stomach and ended up buying way more than you planned to? Not only can this be terrible for you diet, since you tend to reach for junk food, but it can also be bad news for your wallet.

Research has found that shopping when you’re hungry not only makes you buy more food, but it also promotes the acquisition of non-food objects. In a study published in the PNAS, researchers found that hungry shoppers spent as much as 60% more than others. Next time you plan on hitting the shops, make sure you have something to eat first.

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5. Drink homemade coffee

Those daily cups of coffee you buy from your local coffee shop? Bad news – it costs you about $1,100 a year. While you may not be ready to kick the caffeine habit altogether, you can save money by making your coffee at home.

Don’t worry; you can still make delicious coffee at home on a budget using freshly ground coffee and a French Press.

6. Have homemade meals

Just like swapping your morning cup of coffee for the homemade variety, eating breakfast at home and bringing your lunch to work can make a significant impact on your cash flow each month.

It may take some getting used to as you need to plan ahead, but you will get used to the routine. Plus, if you bring all of your own stuff into work every day, you can end up saving anywhere from $2,000 to $4,200 over a year’s time.

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7. Cut cable

Cable bills in America have been on the rise, with the average household spending $64.41 a month or about $768 a year. The thing is, there are many cheaper alternatives available these days that will provide you with enough entertainment options for the entire family. You can try a third-party service such as Netflix, which costs $9.99 a month, Amazon Prime at $99 a year or Hulu Plus, which costs $7.99 a month.

If you prefer to stick to television, but usually only watch the same few channels, you can still lower costs by buying a package of channels. Sling TV does a base package called “The Best of Live TV,” which is $20 a month and includes 19 of the most popular channels. Add-on packs are an extra $5 each per month, so you can tailor it to your family’s needs and still save money.

Featured photo credit: Unsplash via unsplash.com

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

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Featured photo credit: Austin Distel via unsplash.com

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