Sure, you will think that this is impossible. Then let’s start with the first point. Do not become indebted! Remember that debt is the slavery of the modern world. Having our full salary opens a world of possibilities for savings. This is not impossible; for example, if you have an apartment or a house, put it for rent, and with that, you can pay your debt.
Learn to manage a monthly budget
It is amazing how very few people manage a monthly budget, and they have full knowledge of their expenses and income. This is not difficult, and we have already done the work for you. Download our budget form to control your money perfectly: You do not need to be a finance professional; the secret is not to cheat yourself by saving money to travel and being realistic with what you are receiving and spending. Apply that popular saying: Do not spend what you do not have.
Eliminate unnecessary expenses
We return to the part of being more minimalist to live better. Once you have made your analysis and have made your monthly budget, eliminate unnecessary expenses.
These expenses can be:
- Internet
- Netflix
- Go to dinner every weekend
- Subscription to the gym
- Cut the Cable TV
- Forget about hairdressing
Think that everything adds up; instead of paying for a gym, why do not you go for free exercise in the square or in your own home? That is what You did. In my case, we cut the cable TV that we barely used. You hardly have time when you’re working all day, so do something more practical and save money for your next trip by cutting unnecessary expenses. Our case, which we undertook while working as an employee, was much easier since our time was spent on activities that could generate extra income.
Open an exclusive account to save money for your trip
While each of us has our own bank account, we open another to save money for our trip and for the blog. Having an exclusive bank account to save will keep your money safe and keep money away from you and from the many temptations of spending it. In our case, that account was sacred and could not be touched.
Set a fixed amount of monthly savings
We often think that we do not have to save money since the salary does not reach us. But this is not true. Suppose you earn 10% less of your salary each month. Logically, this step must be done based on:
- your salary
- your possibilities
- your financial commitments
At first, it may seem complicated, but once you turn it into a habit that as soon as you pay it, you put it in your savings account to travel, it will become an automatic and very simple task. We save more than 60% of our wages each month by applying these tips.
Everything you receive extra use it intelligently
If you work for someone else or do some extra work, you will probably receive:
- Utilities
- commissions
- bonus
- work bonus
- cousin
In this case, use that money to pay your debts or put it as part of your savings to travel the world.
Find an extra income source
This point may seem obvious, but we give you our case. We did not want to stay hanging after fulfilling our dream of going around the world, while we wanted to help other people with what we knew. That’s why we train in digital business to be able to start and have extra income at the moment. Not only did we create the blog as an online business, but we also rented a room with Airbnb that generated other revenue. We bought a car that made him work as a taxi, and You even did many times as a driver. If you want to know how to generate money with Airbnb and stay free for the world, you can read our mega guide here. The issue is not to guarantee yourself the salary you receive. You can always get more and other ways to save money to travel the world.
Forget about gifts for social commitments
Your family and your true friends will understand. In addition to us, it seems stupid to have to give material things, especially because we believe that the main gift is what you share with people: your time. That is our case, although it may seem controversial to many people. When we started to travel, we told the family that they would not receive gifts for Christmas, birthdays, or any other type of event. Nobody put us a bit and rather they always helped us save more.
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