One of the things I can’t tell you enough is that you do not need to be rich to travel! You just need to be creative with your money. And no, I don’t mean you should start coloring your own bills. Instead, you have to find different ways to stretch your dollars. Luckily, I know a whole lot about being broke, that’s why today I’m sharing with you these 25 easy ways to save money to move abroad and travel.
Related post: 15 smart travel hacks that will save you money
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1. Introduce a STRICT budget
This might sound like a no-brainer, but you actually need to set a budget and stick to it! Discipline will be the only way to you succeed with these 25 easy ways to save money. My advice, use the envelope system and organize your cash into different categories at the beginning of each month or week. That way you only spend what is in the envelope and not a single dollar more.
2. Get an accountability buddy
Sticking to a strict budget can be very hard, especially if you do it by yourself. Therefore, the best way to succeed is by telling someone else about it and asking them to keep you accountable. Get your best friend or sibling on board and make them check your savings account or budget sporadically. They will be the first to notice if you’re slacking and get you back on track.
3. Stop eating out
I know eating out is fun and delicious but believe it or not it is also the number one habit to avoid when you’re saving money. So, resist the urge to meet up with your girlfriends for lunch and instead invite them over for some snacks.
4. Be frugal
If you are not able to cut down on all your spending, then at least be frugal with it. Start getting your coffee at the local supermarket or better yet, brew it at home and bring it to work or school. I mean, that $5 you spend at Starbucks gets you 3 meals in Thailand.
5. Track your spending
I’m all for organizing my life and keeping track of my expenses. So, using an App like YNAB is a great way to be on top of your budget no matter where you are. This App doesn’t only help you save money, but it also provides a system to monitor your expenses better.
6. Change your eating habits
Every January I celebrate a vegetarian month, by giving up meat. While the idea is to embrace mindfulness and learn to control my meat intake (which is very necessary), it has one awesome side-effect. I save tons of money every week by sticking to veggies and fruits only.
Related post: How to stay healthy whilst traveling?
7. Get a bike
Get used to walking, biking or taking public transport whenever possible. Gas money remains a big expense in everybody’s household no matter how low the price. So, ditch your car and join hundreds of other pedestrians.
If you really have to take a car to get somewhere than cut down the costs by carpooling to your destination. For example, use Uber pool instead of a private ride or join a colleague/ friend in their car.
9. Stop Shopping
There’s really no other way to say it than STOP SHOPPING. Get creative in your own closet and try out new ways to combine the clothes you already have. Either way, you won’t be able to bring all the clothes you own, so no need to stack up on it now.
10. Start thrifting
If point 9 is too radical for you I have an alternative idea. Instead of buying clothes, books and other things fresh off the rack, consider thrift shopping. Check out your local second-hand store or used products on Amazon to snag a deal.
11. Sell clothes
One thing to keep in mind before moving abroad is that you will eventually relocate into a country with completely different weather conditions. You might not need your heavy winter coats or rain boots. Why not earn a few bucks and sell these items at a garage sale or online using eBay.
12. Pass on your data plan
Let’s be real, who needs 10GB of high-speed internet per month? The $70 you spend watching cat videos on YouTube or stalking celebrities on Instagram are instead better invested into a domestic flight in Indonesia or a travel insurance. Cancel your expensive data plan and use the internet like every other budget traveler: at a free Wi-Fi hotspot.
13. Cancel your cable
After your phone bill, it’s time to cancel your cable. Most of the shows and news you watch on their you can find online for free anyhow. And if you really need TV to keep you company, talk your friends into splitting a Netflix account and share the subscription fees.
14. Workout for free
Girlfriend, it’s almost summer and you gave up on your New Year’s resolution two months ago. Continuing that expensive gym membership won’t help no matter how hot the trainer is. So, go ahead, cancel that membership and start working out at home or jog through your neighborhood.
15. Meal prep
You will be amazed how much money you save by cooking your meals in bulk and spreading them throughout the week. Think about what you would like to eat on Saturdays, cook as much as possible on Sundays and then freeze it in little food storage containers.
16. Buy seasonal food
Now, this one seamlessly connects to the last one. Do your research and find out what fruits and veggies are in season at the moment before you brainstorm meal ideas. That way you avoid buying ingredients that must be imported and reduce your food costs.
17. DIY your beauty and hygiene
Now this might sound crazy but a lot of the products we use, you can actually make yourself. And a lot of times it turns out much cheaper than buying the name brand. So, check out YouTube videos or DIY blogs for inexpensive beauty routines and save on your monthly spa treatment.
18. Cut out the Soda
Yes, you heard it right. A coke light is low on sugar but heavy on your wallet. Do something for your health and increase your water intake. You can even get creative and spice it up with fruits or veggies for a better taste. And if you want to go hard, you might even switch to tab water all the way and cut out all your beverage costs. So, get yourself a cute water bottle and sip your water.
19. Switch your credit card provider
I’m not a big fan of credit cards (because I’m scared of debt), but I agree that you need one for special purposes. So, research different credit card providers and switch to the one with the lowest fees or better yet with a loyalty program. That way you can save money while spending money.
20. Fill out surveys online
If you can’t save money from your 9-5 then I suggest you look into ways of making money from home. An easy way to earn some extra cash is by completing surveys online. It’s free, it’s convenient and it’s easy.
21. Use coupons whenever possible
Get into the habit of checking for coupons before grocery shopping. Whether you use an App or cut them out of your local paper, make them part of your savings routine. Especially products you buy on a regular basis such as toothpaste, soap etc. will oftentimes offer coupons or buy 1 get 2 deals.
Not sure where to find coupons? Check out the Pennypinchinmom for more details.
22. Sign up for reward programs
This one is my favorite out of the 25 easy ways to save money to move abroad. By joining a reward program for a company, you use on a regular basis, you get the chance to rack up points. These points can then be redeemed for a later purchase.
However, remember that you are trying to save money, not spend money. So only sign up for reward programs that will help you with that goal.
23. Use your free time to earn
Free time is best used to relax, have fun or make some money. If you feel like you spend enough time doing the first two things, then I suggest you dedicate a little bit of free time to the latter. There are multiple ways to acquire an extra income. You could become an UBER driver, freelance as a social media manager or babysit.
24. Ask for money
No, I’m not suggesting you go out on the street and start begging. What I’m trying to say is that whenever you are celebrating something, you should ask for money. Politely suggest to your friends and family to chip into your travel fund instead of buying you a gift in the next few months. This will help you save up for your trip quicker.
25. Move back home
Yes, as I’m writing this, I’m actually sitting in my parents living room LOL. The one biggest way to save money to travel is by moving back home for a while. You save a huge amount of money because you don’t pay rent, utilities, and other things. Plus, you get to spend time with your family before heading abroad.
Do you know other ways to save money to move abroad? Let us know in the comments BELOW!