Let’s face it- saving up money is difficult. Having money and not spending it is definitely something that takes practice, determination, and skill. When it comes to saving up for travel, the task becomes even harder than usual. Not only are you trying to save a large amount of money, but you’re also saving for something in the future. It’s hard to keep your eye on the prize when it’s so far away. And no matter how often travel blogs and financial experts tell you just to spend less, it’s not that easy! Sometimes, the typical tricks and all the determination in the world doesn’t cut it when it comes to saving money. So, keep reading to learn about some unconventional ways to get the job done.
Having a change jar in your home with the label “Money for Travel” or “Money for Mexico 2021” does the trick sometimes. Other times, it doesn’t. The idea behind these jars is that you have a place to put extra change where you see the money building up and where you know exactly what it’s going towards. The problem is that, while small change does add up, how much of it actually makes it to those jars? And, how much of it just ends up getting spent before you make it home? The solution is to carry something labeled with you at all times. Throw a pouch in your purse, specifically labeled for whatever trip you’re saving up for. You can empty the pouch out when it gets too heavy. The point is, it’s much harder to spend that change when you’re literally pulling it out of your travel fund. Guilt-trip the future you by labeling bank accounts, jars, pouches… anywhere to put your savings where it’s harder to withdraw from.
Pick One Bill
If you tend to carry or receive a lot of cash, it’s beneficial to decide on one bill amount to set aside. For example, make the decision to put every $5-dollar bill you receive aside in a specific place. Set a time limit for yourself, and voila- a little bit of fun is added to your finances. This is actually a surprising way to save large sums of money. Setting aside $5-dollar bills may not seem like much but imagine doing that for an entire year!
If you’re someone who has a hard time not spending cash when you have it, stop having it. Don’t allow yourself the temptation of having cash with you to spend. Either leave it at home or, if that’s not enough to stop you- put it in the freezer. Put your cash in a plastic bag inside a container full of water and allow it to freeze. This is a great way to stop yourself since the money becomes physically inaccessible. Plus, if you do decide to spend it, the ice needs hours to thaw, so you have time to change your mind.
In conclusion, every person is different. Money is a big part of life, and it’s something that we use nearly every single day. Saving up for travel does take a lot of commitment no matter which way you choose to do it. However, it’s almost surely worth the struggle. Not to mention, by using unconventional saving strategies, you’re able to eliminate some of the frustration. There’s nothing worse than waking up every single morning worried about money and impatient about your savings. Keep in mind that a little bit goes a long way, and no matter how far away it is, keep your eye on the prize.