For some, travelling around the world is a dream that has plagued them for decades. After each morning commute, each difficult customer, each mundane everyday moment is when their travel dreams burn a little bit brighter until finally, they give in and decide to go for it – at last!
While having these dreams is one thing, financing them is another. Not only do you need to fund your travel expenses such as flights and accommodation, but there are also other elements to consider such as your food, travel between towns and cities, activities, spending money and of course something set aside for emergencies. At this point, it’s easy to feel your travel dreams slipping away from you, however, don’t give up on them just yet!
Here we’ll explore some amazing ways you can fund your travel dreams.
Cash in those savings
If you’re someone who was gifted an ISA when they were younger – see these junior ISA plans from wealthify.com – then there’s never been a better time to use it. The money that has been carefully placed away for you by a loved one could mean the difference between travelling overseas now or putting it off for another year. It’s your money to do with as you wish, so consider using it towards your travel dreams, or using just enough to cover your flights and accommodation.
Sell your car
That little run-around that gets you from A to B won’t be needed if you’re planning on spending the next few months away from home. By selling your car, you’ll get an instant cash injection and you can always find new ways to get around when you return home from your trip.
Go somewhere cheap!
When you get bitten by the travel bug it’s easy to get excited about exploring some of the most famous places in the world…New York, Australia, New Zealand…most of these places are a backpacker’s dream! However, they also come with a hefty price tag. But did you know that you can still explore what the world has to offer, immerse yourself in some eye-opening cultures and enjoy the travel-buzz without breaking the bank? Stunning and culturally rich destinations such as Costa Rica, Portugal, Eastern Europe and Argentina are just some of the locations you can visit on a shoe-string budget!
Earn money while you travel!
Whether you want to stay overseas for longer, or you want to earn whilst you’re abroad, it’s quite common for backpackers to take up jobs whilst travelling to boost their travel funds and add another experience to their travel highlights. You could work as an English Teacher, as a labourer picking fruits or flowers, working in hospitality, at water parks and swimming pools or even as a nanny – the choices are endless. Just make sure you conduct plenty of research about working VISAs before you travel, as you may need one to work.
And finally, budget strategically
Working out how much you need to save to fund your travel dream is essential. Only then can you travel safe in the knowledge you have enough money to get you around your destination and back home again!