How You Can Fund Your Travels

Friday, January 18, 2019
Do you have a burning desire to start traveling? Whether you want to go for a short vacation or a long-term backpacking trip, there is one crucial factor that you always have to consider. Money.

Without money, you can’t fund your travels. This lack of money affects all of your life endeavors, but for the sake of this article, the focus will specifically be on travel.

However, as long as you start to take budgeting seriously, you will have the necessary funds for your trip in no time. That being said, the longer the trip, the more money you will need in your bank account to support yourself.

Saving for your trip


The very first step you can take is to start saving for your trip while you are home. You can do this in two ways:

Full-time work budgeting
Chances are that you have a full-time job that you wake up and go to every single day. Thus, one option for you to obtain the necessary funds is to start budgeting based on your current monthly income, and start saving for a travel fund. Be sure to differentiate between your needs and wants and remember the big-picture reason as to why you are saving in the first place.

Part-time work
Another method for acquiring more funds is through taking on part-time work. Although you may have a regular office job, working over the weekend or on some weekday evenings, and making extra income on the side will make it easier for you to save money.

Find remote and freelance work


Once you jet off, you could realize that spending the next few months or years of your life traveling would be a dream-come-true. If this is the case, you may want to consider freelance and remote work that allows you to make money no matter where you are located in the world.

Of course, there are certain jobs that will be easier to do remotely over others. An integral component of these types of jobs is your ability to complete them by merely using a laptop and having a good internet connection. Thus, some examples include being an online tutor, doing graphic design work, copywriting, photography, and video editing, among other options.

Start a travel blog


Starting your own travel blog is another way you can make income on the side. And while this falls under the category of remote work, it is such a popular option that it deserves to be a stand-alone point.

Of course, the amount of people that start blogs nowadays also means that it’s more competitive to make a steady income out of this. That being said, there are always steps you can take to become a successful travel blogger and stand out from the crowds! It’s a matter of differentiating yourself and building up your online presence.

Volunteer while traveling to save money


In order to save money while you are traveling, you should consider volunteering. Why not spend time in a beautiful country, while also fully immersing yourself in its culture with the volunteer work that you do?

Moreover, there is a popular site used by travelers known as Workaway, that offers you free accommodation, and sometimes even food, in exchange for your help at hostels, farms, and other places that require assistance.

In case of emergencies


What if you are already traveling, and something happens where you need a larger sum of money in a short amount of time? Even with travel insurance, you never know what type of medical emergency you will encounter that will require a last-minute payment out of your pocket. What if you have to go back home because of a family member’s sudden illness, and the cost of the plane ticket is more than you can afford due to the short notice?

In these types of situations, it is important to realize that obtaining a quick loan can be exactly what you need to do. In fact, there are same day payday loans provided by online banking institutions, such as Bonsai Finance, that will transfer you the money in a couple of seconds.

Remember, you can always make more money to pay this loan back, but when faced with a dire situation, you don’t have too many options to acquire funds in a short amount of time, and the money in your bank account may simply not cut it.

Choosing destinations within your budget


No matter how much money you save, it’s still incredibly important that you find destinations to travel to that are within your budget. The world is a big place, and there are always some cities and countries that will be cheaper to visit than others. If you plan on traveling for a long period of time, you may want to consider a mixture of continents and regions, so that you can make your money last longer.

The last situation you want to be in is debt, as even if you choose to ignore it at first, you will still have to deal with it when you are back home, at which point you will only be consumed with stress on how to pay it all off within a reasonable time frame. The solution here is simple – travel within your budget and means.

If you caught the travel bug and are at a loss over how you can spend the next few weeks, months, or even years of your life traveling, consider following some of the tips mentioned here. In this day and age, there are plenty of people who have made long-term travel a part of their lifestyle, and nothing should stop you from doing it either!

You may need to cut back on certain luxurious expenses in your life that you treat yourself with, but you will never regret rigorously saving money when the outcome of doing so is embarking on an adventure of a lifetime. Plus, if you want to be on the road for longer periods of time, there is always the possibility to find work if you set your mind to it, especially given the opportunities provided by the modern digital age.

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