I dream of traveling the world, nothing would make me happier.
The fact that I’m currently 23 and the only country I’ve traveled to outside Kenya is Tanzania doesn’t sit well with me. I wouldn’t want to put my dream of traveling far and wide on hold for too long or until it’s too late.
Traveling to dream destinations often, well, always requires money, therefore it’s paramount to plan, budget and save for your trip, I’m speaking as a regular folk here! Lol! Excuse me if you are rich and can afford to go wherever, whenever, without even checking your account balance 😀
I’m very budget conscious when it comes to personal finance and big on saving, so it wasn’t particularly difficult for me to take on a money challenge to help me develop a travel fund I can fall back on in case I want to go on a vacation.
I believe everyone desires to travel, the joy and benefits of traveling to new places, different from what we are used to are endless, so today I’m going to share with you a couple of tips for saving for travel as well as a plan I created for saving 100, 500 KES (1015.8$) which will hopefully enable me to travel to one of the destinations under my ‘travel bucket-list.’
Each month I deposit Kshs. 2,500 more into my savings account than the previous month, then in the middle of the year I switch and save Kshs. 2,500 less each month. You can decide on an amount you’re comfortable with depending on your paycheck, the more you save, the better.
The first thing you want to do when attempting to save for travel is to decide when and where you want to go on a vacation. Set a realistic budget in order to see how much fare to the place would cost, be it by bus, train or air. Put into consideration where you will stay, if you’ll be staying at a hotel, read the available reviews of it online before booking. It’s important to think of the meals you’ll take too, activities you’ll engage in and stuff you may shop for (souvenirs).
Next you’ve got to tell everyone that you’re planning a trip to a certain awesome place, this tip sounds stupid, but you’ll be surprised, research shows that when you tell people of your plans and write them down, you’re much more likely to achieve them. Yep! Tell your mama! Tell your dad! Tell your brother, your sister, your uncle, your friends…
Lastly you have to hold yourself accountable by saving. If you are serious about your efforts to fund your travels directly and methodically, I advice that you set up an account which you’ll fund by automatic transfers, yes, because think about it, we never miss money we haven’t touched. You can set up automatic transfers at regular intervals so that your money adds up over time.
Bonus tip! It will boost your travel fund if you cut back on expenses that are unnecessary, you can rent a cheaper house for example, eat out less as cooking your own food costs a small fraction, ditch your car if you can, you’ll save on petrol and general maintenance. You know yourself better and the things you spend money on which you can do without or can find a less expensive alternative to.
If you are interested in doing this travel fund challenge with me this year, I’d love for you to join me! Let’s save! 🙂
If you have other money saving tips, please share them, leave a comment below.
Thanks a lot for reading! Until next time!