How To Fund My Travel On a Student Budget? 5 Simple Solutions
Despite the rising average debt in the US, Americans have spent $135 billion traveling in just the past year. This makes a lot of sense – many people feel that they can’t live a full life without seeing the world, and traveling while they’re still young is a top priority.
If you’re someone who believes in the importance of travel and adventure, you’re probably wondering: ‘how do I fund my travel?’ Well, it’s rough, but it isn’t impossible. There are a lot of ways you can get a little extra cash to go abroad.
Here, we’re going to give you five of the best tips to save for your next adventure!
1.Set a Goal
If you’re interested in travel, there’s likely somewhere specific you want to go. Whether it’s the pyramids of Egypt, England’s Tower of London, or Machu Picchu in Peru, having a goal in mind is essential to saving money.
Thinking about the place you want to go is sure to motivate you to put some of your paycheck aside each week to fund your travels. Stay goal-oriented and remember what it’s all for!
2.Use Travel Rewards
A great way to save on travel is by using travel rewards programs. Pretty much every major airline has a frequent flyer program where you can earn miles by flying.
Signing up for one of these programs means that every time you spend money on a trip, you’ll be given what’s essentially free money for the next one. Overall, this is a pretty good deal. Plus, some airlines let you fly in style (see: business class) if you sign up for their programs, so it’s worth a look.
Freelancing is a great way to supplement your weekly paycheck. This is a type of work that you find yourself online where you perform jobs that you want to do for a cost that you set.
Since you would be scheduling your own hours, you’re also your own boss, which is pretty cool. If you have special skills, freelancing can get you quite a bit of cash… cash that sometimes isn’t taxable income. Try it!
4.Download Money-Back Apps
The bulk of your paycheck probably goes to items like rent and groceries, making it hard to save up for travel. But what if we told you there was a way that you could get money back when shopping for the essentials?
Money-back apps like Ibotta will give you a small percentage of your money back on groceries if you simply scan your receipts. There are apps for clothing stores and other types of shops, too, so browse around for a while.
5.Take Out a Loan
Travel is super important, so when all else fails, don’t be afraid to take out a short term loan.
It sounds daunting, but it’s a quick way to get some immediate money that you can pay back in your own time. Since you can choose how much to take out, you won’t need to take out any more than is necessary, either. This means less worry and minimal financial strain.
So, How Do I Fund My Travel?
Funding travel can be tough, but it’s important. See everything and live life to the fullest, because life’s too short to let pass you by!
Now that you know the answer to the question: ‘how do I fund my travel?’ it’s time to look at potential destinations. Click the tab on our web page that says ‘browse our online content’ for some ideas.