So, you have decided that you and your family deserve a world trip, but you have no idea where to start regarding saving the cash. No one ever said that it is going to be a “walk in the park”, it is going to take a bit of effort from your side, and the whole family can help by doing their bit to help you save.
There are many ways to save this amount of money in a short period of time, but it requires a lot of self discipline to stick to the plan. Here are some great and simple ways to save money to go travelling.
Stop eating out
Just think about how much money you are spending on those ready-made convenience lunches every day? Rather make sandwiches every evening for you to take to work and for your kids to take to school the next day – you will be pleasantly surprised to see just how much money you will save by doing this.
Cook supper at home and try to do this at least five days of the week. Let your kids help you with meal preparations to cut down on the time it takes to get supper ready. When you eat out, you are paying for the convenience of not having to make the food. Restaurant prices are very high in comparison to making food at home, and you have to tip the waiter for their service. You could spend one day over the weekend making meals for the following week – this way, you will save money and time!
Credit cards and banks
Credit cards are convenient to have, but the banks tend to charge high interest rates on these types of accounts. Try to buy with cash rather than use your credit cards. Go to your bank and check exactly what you are getting charged to make purchases, withdrawals and such. Compare the fees with other banks and change to another bank if needs be.
Those few extra pounds may not seem like much at the time, but calculate how much extra money you will end up paying in a year, and you will soon realize that it actually will make a huge difference.
Putting your saving in an account that pays you a higher interest rate is another simple way to save money towards your trip.
If you’re not great at saving, then taking out a loan is also an option worth exploring – this can be a great way to get the money together, and you can pay it back monthly in affordable amounts. Compare loans online to find the best rate for you, see how much you can borrow and for what period of time. This could help massively as you can do the things you want to do without having to cut back.
Invest in stocks
There is another potential option to explore that may not only help you save money but also gain some profits in the process – stock trading. Yes, it’s understandable if you feel like this option may not be for you, with numerous jargon to understand and specific market knowledge required to actually start investing. But with a little help, you could be well on your way to making some good money. While you may be skeptical at first, you can start by testing the waters and then see if this is something that works for you. Search for an ‘App zum Aktien kaufen‘ (or an app to buy stocks) that may ease your process of understanding the stock market and in deciding which stocks to buy. You could choose this as an investment option, like experienced stock traders have been doing for years, and start saving money for your travels.
Use public transport
If you have a car, you understand how convenient it is to just get in and go where you want to, but you also understand how much fuel costs. Try to limit how often you use your car and rather buy a monthly train or bus pass. Making use of public transportation will save you loads of cash every month, and get you one step closer to going on your dream holiday. You could also speak to the people in your office, see who lives close to you and offer to share the costs of travelling to work by car – start a lift club!
Rent out your spare room
If you are lucky enough to have a spare room or two in your house, then why not make use of the wasted space and rent it out? You do not have to take the first person that comes along. Put an ad in the local news paper and specify what type of person you are looking for, interview them and then decide. This is a great way to earn extra cash for doing nothing at all. There are many students who are looking for cheap accommodation and who are basically just looking for a place to sleep. Students are at school most of the day and normally out with their friends in the evening, which is great for you, as they will not “cramp your style” too much.
We all understand that you have to have that cup of coffee at lunch time, but do not buy coffee from the shop, rather buy a tin of coffee, sugar and milk to keep at the office. Almost every office has kitchen facilities, and all you need is a kettle to boil water. If your office does not have a kitchen, simply take a kettle with to work – they must have plug points to plug in the kettle? The plus about doing it this way, is that you will get a lot more for a lot less and not have to waste time walking to the shop to get that much needed cup of coffee.
Sell your unwanted possessions
Take a walk around your house and look for things that you do not use, and sell them! If you open a cupboard, look at a box and find yourself wondering “what is that?” it is a good indication that you have no clue what is in the box, and therefore have no use for it – sell it! Get your kids to go through their rooms and collect all the toys, clothes and any other unused items. Do the same in each room in the house.
You will be surprised to see how much stuff you have collected over the years, and how much you can get for these unwanted items. Once you have collected all the items you wish to sell, put an ad up at the library and have a garage sale. Bank the money that you get from the garage sale – do not get tempted to go out to celebrate.
Go and enjoy yourself! This could be a once in a lifetime opportunity to go and see the world, so make the most of it.