How To Save For A Round The World Trip
By Matthew Kepnes
One of the reasons that people stay away from extended travel is because they feel it is costly and think they won’t save enough. This is untrue. One of the greatest myths about travel is that it is expensive. People presume that to travel you need to have a lot of money because all people see on TV are advertisements for fancy vacations and assume all travel is like that. But it isn’t. Contrary to this belief, travel can be quit cheap. You can travel around the world for less than ,000 dollars for one year of travel. If you only travel cheaper parts of the world, you can do it for even less.
That may sound like a lot of money but in terms of living off just that for one year, it sounds quite reasonable. Most people spend more than that in one year. It also sounds impossible to save but you’re wrong again. There are many ways to save that amount of money. It simply requires persistence and making saving money a habit and priority.
,000 dollars is about ,200 dollars per month, which is a lot but manageable if you restrict you’re spending and cut your expensive. To save that much money you need to become frugal and cut out your extra spending. It is mind blowing how much money people waste each day. Cut out your extra spending and watch your bank account rise and rise.
The easiest things to cut out are your vices. One cup of coffee a day is 0 dollars a month. A pack a day smoker would save 0 dollars per month. A typical night out on the town can cost around dollars or more in a big city, and since most people go out two nights a week, you could save 0 dollars. Already we have saved 0 or more dollars, depending on your habits.
Those are the low hanging fruit though. The real way to save money is to eat in and consume less. If you are an average person, you probably eat out 5 to 7 times a week. If each meal costs an average of dollars, that is between 0-0 dollars per month. Eating can cut your cost down to dollars per week. That saves you a lot of money, since you probably already do some grocery shopping too.
Cut out your consumption and buy only things you need. That is the real secret to saving for a trip around the world. Buy only what you need and save the rest. People spend hundreds of dollars a month on little things that they don’t really need- DVDs, music, movies, drinks, and a lot more. All of that adds.
If you only eat in and go out once a week, you will only spend 0 per month and save over 0 dollars per month just by doing those two things. To save more money, move into a smaller apartment or get a roommate. Even consider moving home if you have that option.
If you follow these tips, you can save well over the amount of money you need per month for your trip by simply living frugally and smartly. Your friends may tell you you are living like a monk and, though it may feel that way at times, think of the prize you have waiting- one year around the world. The trouble will make the victory that much better.