25 easy ways to save money for your travel fund

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25 easy ways to save money for your travel fund

The biggest things stopping most people from travelling is the cost of it. Most believe travelling is to expensive, so they never even research or look at ways to travel for cheap or even save if they want to travel. The truth is, saving your money isn’t that easy. However we have created a great resource post to help you out. With multiple ways you can save money, and how much money you can save on each thing you cut down. It takes a lot of sacrifice, dedication and hard work, but trust us, when you’re soaking up the sun on an exotic beach in paradise, it’ll totally be worth it.

1. Cook at home instead of eating out

Nowadays eating out can easily cost as much as USD$40 for two people. If you eat out only once a week that equates to USD$1,920 a year!! You can eat out everyday for a whole year for that in Thailand, to put it in perspective. Finding great bargains at supermarkets is easy too. We are currently based in Sydney, one of the most expensive cities in the world, and our weekly shopping comes to no more than USD$70. Remember that’s USD$10 for two people for breakfast, lunch and dinner, with a few snacks too!

2. Cut down on drinking

Drinking every weekend will leave a dent in your bank account. The average drink on an night out depending on where you go will cost you between USD$5-15. Even if you only buy one drink on a night out, on a weekend that adds up to USD$240-720 a year! But be honest here, we all know that once we’ve had one drink it most likely will lead to a few more…and before you know it you’re paying the average USD$40 for a night out and all the other things involved like taxis. It’s obvious it’ll add up, so if you do want to go out, predrink at home and you’ll get drunk for the cost of a single watered-down drink at a club.

3. Cut the Starbucks/Costa Coffee

I know some of you will be cult lovers of Starbucks or Costa Coffee and you simply can’t start your day without it, but seriously this is one of the biggest expenses you can save on. You may not think that it’s slowly draining your bank, but that daily USD$5 coffee will cost USD$150 a month, and thats USD$1,800 a year! You can easily spend that on a months trip to South East Asia including flights and everything else!
If you really need your daily cup, just make a standard brew at home or a good old English Breakfast tea.

4. Open an online savings account

This is a great passive way to make a little extra money, whilst basically doing nothing! Find the best bank that offers the highest interest rate in your country. By doing this you can net a little more extra money to help fund your travels.

5. Don’t buy ‘luxury/beauty’ items for the sake of it

Sorry girls! But that new MAC product for USD$25 is just not worth it. Try to find a substitute, for example cheaper store brands for less than half the price of big branded products. This used to be one of Emma’s weaknesses, she would head out shopping and come back with bags full of new stuff, that really she didn’t need.
However, now we stay as frugal as we can, we say to each other, ‘just think: that new handbag could get us a week in Cambodia’, it makes us feel guilty so we don’t buy it.

6. If you must shop wait for sales

Most things eventually go on sale. While it’s tempting to grab that pretty new dress or suit as soon as you see it, you could probably get it for half that price in a month or so. Patience is key! For bigger ticket items (like TVs and other electronics), keep your eye out for big annual sales like Black Friday or Boxing Day.

7. Stop bad habits like smoking

Smoking doesn’t just kill you slowly, but it also kills your bank account and money. An USD$8 pack a day add up to USD$2,688 a year! To put it in perspective smoking is literally the same as getting a bank note and setting it on fire, what’s the point in that, when you can spend that on a great trip abroad?
Even if you’re unable to stop, being on the road abroad will keep you very busy and we’ve heard from a lot of people who stopped smoking because of having gone abroad! You just don’t need it that much anymore. And by the way, your airfare will be paid for after not buying cigarettes for two months while abroad.

8. Sell unwanted stuff

We all have those dusty boxes stored in some basement / attic that we haven’t touched in years. Go have a look at what you’ve got in there, most likely some of it you could sell on Ebay, Gumtree or your local equivalent of that. Even a garage sale might be an option! A little extra money is better than no money. And most likely you’ll have more than USD$100 worth of unused stuff lying around somewhere.

9. Keep track of your expenses

It’s to easy to loose track of your expenses, and how much you are spending. We use the App: My Finances – Personal Income and Expense Tracker. It should be available in most app stores, but if not then there are other options as well. We liked it so much we even bought the full version. You can set different categories and it’ll give you weekly, monthly and yearly overviews of how much you’ve spent, and for what sort of stuff. Which is good as you can realise what you should seriously cut down on and what doesn’t actually affect your finances that much.

10. Set a goal of how much you want to save

This goal will depend on how long you want to travel for, where you want to go, and what style of travelling you want to do. Obviously the longer, more luxuriously you want to travel the more money you will have to save. But having a rough goal, is great to encourage and determine you to save more and spend less.

11.Get a travel credit card (mainly for US nationals)

Although this is mainly for US nationals, as they have a wide variety of travel credit cards they can sign up for to gain free money, free flights and free accommodation. Have a good look around on the internet for your country, and you might be surprised what some credit cards can offer you. If you use your travel credit card for everyday purchases you can rack up miles and points to spend on your travels. This is great as you would spend this money anyway, and in return you can basically get part of your travels for free! It’s important to get these travel credit cards early, to make sure you can earn as many points as you can, once you decide you want to travel, get one.

12. Downgrade your phone subscription

Phone plans and data especially on smart phones like an iPhone, can be very expensive. We’ve seen monthly phone subscriptions at USD$80 a month! Find a cheaper phone plan, rely more on public WiFi, and socialise more with your friends face to face!

13. Skip the cinema

Nowadays the cinema is so pricey! In Australia the cinema can cost up to USD$40 for two people, it’s painful! Cut out the cinema, and instead use Netflix or iTunes to watch a move. If you go to the movies once every month for two people it can cost USD$480 a year!

14. Stop snacking

We can’t really talk because we’re not good at this at all. We love our snacks! But to put it in perspective if you spend USD$10 a week on snacks thats USD$520 a year! That can easily buy an intercontinental return flight on sale.

15. Drink tap water at home if possible

If you’re in a country where you can safely drink tap water, this will save you a whole lot of money. A lot of people buy plastic water bottles, not only does this harm the environment but if you consider each individual drinking 2 litres of water a day, this will already equal out to USD$365 a year roughly! Which is a lot if you can drink water almost for free from your tap!

16. Exercise outside or at home instead of at the gym

Gym memberships these days are SO expensive. We know that gym can provide you with a greater range of equipment, but the outdoors is a great place to relax and exercise. Here in Australia there are even free outdoor ‘gyms’ to use! You can even buy a workout DVD for when you want to work on core strength or flexibility, or buy some cheap gadgets like some weights to use at home. There are hundreds of ways to exercise without paying for it, and be it just a run through the nearby park.

17. Sign up for reward programs

If you sometimes stay in hotels or fly, especially if it’s for work so you’re not paying for it, definitely sign up for the reward programs that you can use. Don’t spend a lot of extra money to book with your reward program, but if you’d stay there or fly that airline anyway, why should you miss out?
Also, lots of supermarkets participate in some sort of program, and for the shopping which you’ll do no matter what, you might as well collect some points if it’s free!
It won’t feel like you collect much at first, but eventually you will receive something in return.

18. Reduce or eliminate your car usage

Cars are so expensive to own, not only are they pricey to buy but then the up-keep, fuel and insurance can be ridiculous. If you live in a city or an area that has good public transport, ditch or sell you car and take public transport instead. A lot of cities have a year travel ticket, which will save you a lot of money. If you live in a rural area, consider selling your current car and buying a cheaper one. This can also lower your insurance. Save your money and lose the car for public transport or better yet, your feet or bicycle. This will help you get in shape for your travels physically as well as financially. Alternatively if you really need to go somewhere no buses or trains will take you, just use an Uber, click here to sign up and receive up to two FREE rides! It’ll almost certainly be cheaper than taxis and by far not add up to what a car costs to keep.

19. Don’t always get the newest fanciest tech stuff

We know it’s a tendency to buy the latest gadget as soon as it comes out, but is it really necessary? It may seem like your item is outdated and crappy now but in reality, if it works perfectly fine, don’t swap it! We are guilty of always wanting the latest iPhone, but big tech purchases are so expensive (roughly USD$800 just for the phone) and unnecessary if what you have still works fine. If you really want it, just wait a year and then buy a good but used one for half the price.
Those new Bose headphones for 300 bucks look amazing? Think again, there are others almost as good for just 50, and both of them will be equally outdated in a couple of years.

20. Ditch cable TV

Do you really need over 100 TV channels? Stick to free channels or just watch a DVD or Netflix instead. If there is something you’re dying to watch, visit a friend with a tub of popcorn or head down to the pub to watch the football game.

21. Cancel newspaper and magazine subscriptions

With the internet being so advance these days, you can check online for news absolutely free. Websites like the Daily Mail, The Times etc are just as good as purchasing and buying the newspapers themselves. In addition, magazines are expensive and mostly filled with advertisements.

22. Keep an eye out for freebies

Who doesn’t love free stuff?! It’s crazy how much stuff you’re actually able to get for free. Besides samples from marketers/promoters, there are actually some people who have had success by writing to companies and simply asking for free things, we’re not joking! It never hurts to ask, and what’s the worst they can say? No.

23. Instead of gifts for birthdays or Christmas, ask for money to travel

Instead of asking for pointless gifts for the sake of it. Asking for money to travel or travel related items can help you save or use on your next trip! Remember: Every little counts!

24. Start a travel fund

We have been doing this for a while now, and it’s a great way to slowly save. We set aside money each month into a separate savings account, and once it’s in the account we are not allowed to touch it no matter what. This really helps you us from not spending money on pointless things, as once it is in there we have agreed not to take it out. If you do this you’ll slowly see your figures rising, and it can be a great feeling knowing this money will get me travelling very soon!

25. Rent your place on Airbnb

If you haven’t signed up for Airbnb yet, click here to receive £25 (USD$35) travel credit when you sign up!
If you’re out of town or even travelling, or if your place has a spare room or two, rent out your home or parts of it on Airbnb for extra income whilst travelling. This is a great way to earn a constant income, meaning you can travel for longer! It’s a win win situation!

So there you have it, our secret money saving tips and tricks! Cutting your daily expenses, being more frugal, and downgrading to a simpler way of living will allow you to save money for your trip around the world.
We know these tips work and can save you thousands of dollars because we have been using them for some times now, and our expenses have most definitely declined. They save money can’t buy you happiness, but travelling makes us happy, so i guess in this sense it does!

Now over to you ! Let us know in the comments if we’ve missed any of your favourite money-saving tips out! 

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By | 2017-01-11T09:25:22+00:00 November 8th, 2016|Get Inspired, What Does it Cost?|56 Comments

About the Author:

Hey! We're Emma and Yannick! A travel blogging couple who met in Thailand in 2014, and since then we have visited over 20+ countries with no plans to stop! We travel the world in luxury, without paying the price for it, through travel hacking and insider knowledge. Through this, we love to help and teach others to travel well for less, just like we do!

56 Comments

  1. BulkTraveler November 9, 2016 at 6:32 am - Reply

    Most of the items are great ideas in theory, but they are very difficult to do in reality. For me the most difficult one is not eating out. Living around Chicago I eat almost every meal out. It’s mostly because after work I usually tired to go home a cook.

    The one thing I have done over the last year is to cut out the cable. I now just rely on Netflix and YouTube for all of my entertainment needs.

    • Luxurybackpacking November 9, 2016 at 11:40 am - Reply

      That is true, but eating out everyday will cost a fair bit. Even just making something simple and quick at home will save you so much money, and using this money towards travelling with have big rewards.
      Yes cutting cable is a great idea, as most people never watch half the channels on there, and Netflix and Youtube have become so good, there isn’t really a need anymore.

      Happy Travels!
      Emma & Yannick.

  2. neha November 9, 2016 at 5:33 pm - Reply

    Amazing tips. I am happy that we do many of these. Will like to add, some banks come up with plans that you can opt for. These plans are like recurring deposits that mature at a certain point, with interest paid, and from that you can buy a travel package of your choice!! Also, if you are good at it, you can arrange group tours and earn your own commission out of it

    • Luxurybackpacking November 10, 2016 at 11:26 am - Reply

      Wow we never knew about that tip! Thanks so much for sharing it with us! Group tours are a great one for people that know a lot about the travel industry too 🙂

      Happy Travels!
      Emma & Yannick

  3. Christina November 10, 2016 at 3:33 am - Reply

    Great tips! You knocked almost every single one off that we do – I think we would get along and travel well together 🙂 I completely agree with everything you said here and do almost all of them ourselves. We have a similar post about how we save for our big $10k trips every year. I like the way you talked about saving money and could learn how to express that better on my blog. You would excel at US. credit cards with travel perks. Great job!

    • Luxurybackpacking November 10, 2016 at 11:28 am - Reply

      Yes, sounds like a great plan! Thanks, and good luck for your trips!

      Happy Travels!
      Emma & Yannick

  4. Brianna November 10, 2016 at 6:54 am - Reply

    Saving for travel is definitely all about priority. What is more important- buying a new pair of jeans, or being able to buy new jeans in Paris? Another big one I do to save money for travel is by not spending money on beauty things. I get my hair cut once a year, and that’s it aside from shampooing it. I can’t believe the number of people that spend hundreds of dollars on their hair every year!

    • Luxurybackpacking November 10, 2016 at 11:30 am - Reply

      Hi Brianna,
      Yes beauty products for girls can definitely eat away your wallet, and only cutting your hair once a year is another great one too! I (Emma) do the same, and it saves me at least USD$150-200 a year, which goes into our travel fund 🙂

      Happy Travels!
      Emma & Yannick

  5. Carmy November 10, 2016 at 7:03 am - Reply

    Great list! So far I’ve cut out cable and cute out magazine subscriptions. This saves me as least $50+ a month that goes into my travel fund!

    • Luxurybackpacking November 10, 2016 at 11:31 am - Reply

      That’s great! Keep up the good work, it feels so satisfying when your travel fund increases, and remember every little counts!

      Happy Travels!
      Emma & Yannick

  6. Emily November 10, 2016 at 7:59 am - Reply

    Great ideas. It can take quite a lot of planning to save up for a long term travel. We’re planning on a year long trip when our kids are older but are having to plan for it now so that we have enough money for the four of us. We’ve cut back on things like cable TV and the amount we eat out but there are a few more ideas here, so thanks for these!

    • Luxurybackpacking November 10, 2016 at 11:35 am - Reply

      Hi Emily,
      Yes that is very true, it is a lot easier to save for a short trip than long term travel, but by doing small things, and cutting down on luxuries etc can really help towards your travel fund, you’ll be surprised! A big one for us is cutting down on shopping and drinking and we can honestly say because of this we have an extra AUD$3,000 a year to spend on travelling!

      Happy Travels!
      Emma & Yannick

  7. EG III November 10, 2016 at 3:37 pm - Reply

    Good advice. At the end of the day I think it just comes down to separating wants from needs. I’ve known people to blow through a whole paycheck in one weekend of going out…and then the same people wonder why they never have money to travel. Another good thing to do is use public transport instead of a car (if you’re in an area which allows it) because then you won’t have all the extra expenses that come along with being a car owner.

    • Luxurybackpacking November 17, 2016 at 3:46 pm - Reply

      Hi EG III!
      That is a very valid point, many people buy things they don’t ‘need’, if you become more money conscious and minimalistic, your savings can really add up. Yes public transport is a great alternative if you have easy access and don’t mind a slightly longer commute time!

      Happy Travels!
      Emma & Yannick

  8. Brian November 11, 2016 at 2:52 am - Reply

    I’m proud to say I’ve done many of these. 1 pack of cigarettes per day is around $2,100/year (in Pennsylvania). $25/week bar tab is $1,300/year. Cable is at least $700/month (in Pennsylvania). How much travel can you do with $4,100?

    • Luxurybackpacking November 11, 2016 at 11:53 am - Reply

      Hi Brian,
      It really depends on how you want to travel. If you want to travel in luxury, obviously it is going to cost more for hotels etc. Therefore $4,100 won’t get you as far as if you were backpacking around South East Asia. But $4,100 is easily enough for a month in luxurious travel in cheap countries like Thailand or Bolivia. Or it could last you 3-10 months backpacking, but that depends on where you go, what activities you do and how cheap you want to stay!

      Happy Travels!
      Emma & Yannick

  9. Anthony Jury November 11, 2016 at 10:25 pm - Reply

    It is funny ever since ai got into travelling on a serious basis, how much of these things I have got rid of. Cutting down on drinking, tick. Cable tv, gone. The one main luxury on the list that has not cut down is mobile plans. Cant cut that done. Nice post

    • Luxurybackpacking November 12, 2016 at 5:29 pm - Reply

      Hi Anthony!
      Good to hear you’ve cut down on a lot already, I’m sure everyone has their own few things that they just can’t get rid of 🙂

      Happy Travels!
      Emma & Yannick

  10. Stefano Mura November 12, 2016 at 2:51 am - Reply

    Great List Emma 😀 even if some point doesn’t count for me since I’m italian…so no Travel credit Card and no Sturbucks here, but well, I could cut down some pizza for sure :). In this year I have cut down many things such as Gym, fancy tech stuff and I have started to rent my place in AirBnb..so next month, I’m gonna move to Australia for 1 year 🙂 my savings have helped me a lot

    • Luxurybackpacking November 12, 2016 at 5:40 pm - Reply

      Hi Stefano!
      Pizza would be hard to cut down on 😀 But especially AirBnB must help you a lot with saving up! You’ll definitely have a great time in Australia, we love it there!

      Happy Travels!
      Emma & Yannick

  11. Emma November 12, 2016 at 10:38 am - Reply

    I agree with most of these – we eat in, drink tap water, don’t buy coffees etc but the one thing j couldn’t give up Is my gym membership. It’s my one luxury!!

    • Luxurybackpacking November 12, 2016 at 5:18 pm - Reply

      Hi Emma!
      Of course some of these you can’t give up, and that’s different for everyone. As long as you do most of them, your savings are tremendous, but who wants all the fun taken away from the everyday life 🙂

      Happy Travels!
      Emma & Yannick

  12. Lara Dunning November 13, 2016 at 1:55 pm - Reply

    All great tips! I need to do a few of these like drink more water and sell unwanted stuff. I’d love to rent out one of our rooms for Airbnb, but the hubs isn’t into it.

    • Luxurybackpacking November 14, 2016 at 11:51 pm - Reply

      Hi Lara!
      Little things like drinking tap water instead of bottled will really cut your expenses, and many people don’t realise how much it all adds up over the year! It would be great to convince your partner, as Airbnb is a great source of income when you’re out of town or travelling! But we could see why he has his doubts. 🙂

      Happy Travels!
      Emma & Yannick

  13. Stephanie Frias November 13, 2016 at 3:12 pm - Reply

    This is quite the comprehensive list, I’m not sure that I’ve seen one with so much information. I think it is pretty well summarized by one word “Minimize”. We accidentally became minimalists when we decided to move abroad on short notice. Selling EVERYTHING we owned gave us a pretty decent cushion when we landed at our destination. And getting ridding of all that nonsense has enhanced our lives so much. And we just keep saving, because none of what we ditched has re-emerged in our life.Plus, choosing a third world country, is a really great way to open your eyes to just how much we do and don’t need.

    • Luxurybackpacking November 14, 2016 at 11:54 pm - Reply

      Hey Stephanie!
      Thanks, we have used all of the techniques above and it has helped us immensely, as a result we wanted to share this with everyone. That is a great way to summarise it all too! Yes one of the biggest eye openers is when you travel to a country that is still developing, you really do realise how lucky you are, and that so many ‘luxury’ items you have, are actually unnecessary.

      Happy Travels!
      Emma & Yannick

  14. Abhinav Singh November 14, 2016 at 2:16 am - Reply

    I have always been a budget traveler and loved this list. I believe that if you stay longer in a destination you travel more and save more too.

    • Luxurybackpacking November 14, 2016 at 11:57 pm - Reply

      Hey Abhinav!
      That is very true, staying in one place for an extended time can definitely cut your costs down a lot, you always get to experience amazing things that you wouldn’t if you were only visiting for a few days!

      Happy Travels!
      Emma & Yannick

  15. Ryan Biddulph November 14, 2016 at 7:19 am - Reply

    Hi Emma,

    Smart tips! I’d add, while saving, make more money LOL. Save that scrilla and stack it through your blog so you can travel permanently, so you don’t need to stay in dumps or dives and so you can enjoy traveling versus worrying about money endlessly. I recall a travel blogger saying how expensive Bali has become. But people from her country living miles below the poverty line could live like royalty in Bali 😉 Save some, make more! Be abundant.

    Thanks for sharing!

    Ryan

    • Luxurybackpacking November 15, 2016 at 12:03 am - Reply

      Hey Ryan!
      You raise a great point, it really depends on where you live. Living in South East Asia you can get a lot further with your money than you can in say Australia as the cost of living there is so much cheaper. This is especially handy if you are able to live there for a few years whilst you gain an income from a non-local source e.g. online!

      Happy Travels!
      Emma & Yannick

  16. Fairytale Studios November 14, 2016 at 9:07 pm - Reply

    Well, those are great tips and am surely effective. Cant believe I do all of it except renting my place for Airbnb. Thankfully my parents have installed a financially sound mindset 😉

    • Luxurybackpacking November 15, 2016 at 12:07 am - Reply

      Hey Fairytale Studios!
      Wow that is awesome, kudos to you! Keep up the good work 😀

      Happy Travels!
      Emma & Yannick

  17. Wanderlust Vegans November 14, 2016 at 10:59 pm - Reply

    Great tips! We had to do 24 of these to be able to start our journey. People don’t often realise that we can travel because we dont have all these added expenses. We don’t rent out our place on airbnb (only because we live in a room at our friends house!)

    • Luxurybackpacking November 15, 2016 at 12:09 am - Reply

      Hey Wanderlust Vegans!
      Wow you’re definitely on track to saving big time! Well done and keep up the good work. 😀

      Happy Travels!
      Emma & Yannick

  18. Faith November 15, 2016 at 1:46 am - Reply

    LOL did all of that and went so far we sold absolutely everything including the house, now we travel full time by housesitting saving a fortune on rents and mortgage which allows us to see the world much less expensively.

    • Luxurybackpacking November 15, 2016 at 10:19 pm - Reply

      Hey Faith!
      That’s great, you are definitely living the dream! Keep up the great work 😀

      Happy Travels!
      Emma & Yannick

  19. Vyjay November 15, 2016 at 11:16 am - Reply

    These are some great ways to save to travel. It is absolutely necessary that you start saving early for each travel, in fact it is advisable to have a separate account or budget for travel and you put whatever you save into that. You are sure to build up a corpus fund soon.

    • Luxurybackpacking November 15, 2016 at 10:15 pm - Reply

      Hi Vyjay!
      That is very true, when travelling things can add up very quickly without you realising, having a solid base is important if you’re wanting to travel long term. Thanks for sharing.

      Happy Travels!
      Emma & Yannick

  20. Jure November 15, 2016 at 11:52 am - Reply

    Great tips, however I personaly just suck at saving. I find it easier to take a loan for travelling and then apply it back in installments.

    • Luxurybackpacking November 15, 2016 at 10:14 pm - Reply

      Hey Jure!
      The hardest part with savings is knowing where to start, we would suggest to open an online savings account first, which has high interest rates and from that build on the list we have provided 🙂 Hope this helps!

      Happy Travels!
      Emma & Yannick

  21. Jitaditya November 16, 2016 at 5:12 am - Reply

    Yes one needs to have a plan to make savings. These steps may seem obvious but most people cannot pull them off unless they have a distinct target and a plan. I’d prefer to keep a close eye on potential discounts. Agree about habits such as smoking. Although we don’t spend much everyday, cumulative cost of such activities are pretty high. However I won’t cinemas as love that too.

    • Luxurybackpacking November 16, 2016 at 3:59 pm - Reply

      Hi Jitaditya!
      That is very true, we think travelling is a great target and plan, and that’s why people who know how to save, do it the right way!

      Happy Travels!
      Emma & Yannick

  22. Ehsanul November 16, 2016 at 5:46 am - Reply

    This was a simple, to-the-point read. I enjoyed it, haha. I tell people that it is incredibly easy to travel and to save up, if you make a few changes. For the most part, I do all these things regardless. I just returned from a year in Asia and am now saving up to spend a few months in Europe. Im excited! Thanks for sharing!

    • Luxurybackpacking November 16, 2016 at 4:00 pm - Reply

      Hi Ehsanul!
      We are so glad you did! And good luck saving for your trip to Europe, you’ll have to tell us how it goes 😀

      Happy Travels!
      Emma & Yannick

  23. Sudipto November 16, 2016 at 3:38 pm - Reply

    An intricate post depicting ask the ways you can save money not only for travel but also in your daily life. Its an old adage, spend after saving.

    • Luxurybackpacking November 16, 2016 at 4:01 pm - Reply

      Hey Sudipto!
      Thanks for your comment! Yes once you have saved enough money, travelling for long periods of time is a lot easier, small things can really make the difference!

      Happy Travels!
      Emma & Yannick

  24. Joanna November 16, 2016 at 7:50 pm - Reply

    These are so many good tips here on how to save money! I agree with drinking out, especially when if you buy a bottle from the local supermarket is can be cheaper than a glass of wine in a pub. I also cook at home and never spend money on things that I don’t need. I also sell on ebay the things that I am not using anymore, that can be another great source of income.

    • Luxurybackpacking November 17, 2016 at 10:49 am - Reply

      Hi Joanna!
      Thank you, yes drinking and going out literally drains your wallet, many people don’t realise! Selling on eBay is another great money tip! 😀

      Happy Travels!
      Emma & Yannick

  25. WhereMonicaGoes November 17, 2016 at 12:26 pm - Reply

    These are all excellent tips and I am guilty for not doing many of these things. As I embrace traveling more, I am thinking of changing my lifestyle. These sure will help! Thanks and hope to save more for my travel funds.

    • Luxurybackpacking November 17, 2016 at 12:51 pm - Reply

      Hey Monica!
      Thanks so much for your comment, it is hard to start the cycle of minimalist living. However, once you start cutting back and saving you will notice a huge different in your savings! And it’s a great feeling 🙂 Good Luck!

      Happy Travels!
      Emma & Yannick

  26. Mansi K. November 17, 2016 at 2:15 pm - Reply

    Quantifying/tracking annual expenses is the first step to savings, so you’ve made some very helpful observations for those trying to save. I’d like to add one more to your list: get a credit card that is affiliated with an airline or hotel chain and route your regular expenses through that card. You will be able to convert to miles/points as well as possibly receive a complimentary higher-tier loyalty membership card for the particular partner, which might entitle you to free upgrades!

    • Luxurybackpacking November 17, 2016 at 3:42 pm - Reply

      Hi Mansi!
      Thanks for your comment and tip! We actually did include a travel credit card linked to an airline/hotel chain in our post, you must have missed it. However, as we mentioned in our post, these credit cards are usually only avaliable to American citizens, so that’s great if you are, but for other nationalities it is hard to sign up and gain free things from it.

      Happy Travels!
      Emma & Yannick

  27. Erica M Poyauan January 6, 2017 at 10:25 am - Reply

    These tips are very useful. So far I have done 4, 5 6 and 12. And yeah airbnb renting… I want to try 1,3 and 8! especially selling my stuff I really want to clean out my closet :O

    • Luxurybackpacking January 6, 2017 at 9:26 pm - Reply

      Hi Erica!

      That’s really great you’ve already done a bunch of them. Good luck with the others, I know you can do it! 😀

      Happy Travels!
      Emma & Yannick

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