9 Smart Ways To Help You Save Money For Travel
Want to travel? You need to commit to it.
I’m not a travel blogger…yet. But I travel abroad 3-4 times a year.
Most of the time, when I come home from a trip, some of my friends would tell me:
“Buti ka pa nakaka-travel. Hindi kasi ako mayaman…” but she’s a single woman (still living with parents; no dependents!) who earns around P70,000 a month.
“Wala ako pera magtravel kasi luxury lang yan,” but he’s an executive who buys his Venti Iced Chai Tea Latte with Hazelnut syrup every day.
“Sana ako din! Siguro mayaman parents mo?” when in fact, my parents are retired OFWs. I never touch their money. 🙂
I have good news for you:
You don’t need to be a multi-millionaire to travel.
You just need to plan for it and save for it!
Here’s how I save money for travel. This isn’t a seat work; pwede magkopyahan:
1. Designate a bank account for your Travel Fund.
Some of my friends call it the “Outta Here! Fund”, “Adventure Fund” or
“I’ll-Stalk-Jay-Park-And-He’ll-Marry-Me Fund”, but the idea is simple: separate your Travel Fund from your daily bills payment bank account and your emergency fund.
If it’s important to you, you’ll have a bank account dedicated for it.
My Travel Fund is deposited to East West bank’s Basic Savings account. (This isn’t a sponsored post. I really like it.)
Open an account for P100. And the maintaining balance is only P500.
If I need a bank statement for visa application, there’s an electronic statement available. Plus, this account comes with a VISA debit card which is recognized internationally.
Only con for me? I can’t automate fund transfer from BPI to East West yet. But since there’s one near our house, it’s still convenient and doable.
2. Get piso-fare price for your dream country.
My favorite countries are Japan and South Korea, so whenever I receive notifications about Cebu Pacific’s piso-fare sale, I always look them up first.
Savings tip: Book your flight 6 months in advance.
For my 10-day South Korea trip this January 22, I booked the tickets on July 21, 2017.
This is what I paid – round-trip.
Savings tip: Select “See First” on Facebook pages of your preferred airlines.
This way, you receive notifications from them first whenever you log into your account.
And during seat sales scheduled around midnight, set up your alarm and wake up around 11:30 PM. Expect that you’ll be fighting for your seat for 2-3 hours. Be very, very patient because website often crashes. Goodbye, sleep! See you tomorrow!
For more inspiration, last Nov 29, I managed to book a round-trip ticket to Osaka for only P2,432 per person.
If your flight will last for less than 5 hours, there’s no need for you to splurge! Just bring a bottle of water (fill it up after immigration), a packet of nuts, Dunkin Donut’s munchkins, earplugs and earphones and you’ll be okay.
3. Pay for your accommodation, one leg at a time.
How do you eat an elephant?
You don’t. You leave the elephant alone and cook beef steak instead. 😀
I know you don’t. It’s a lame joke.
Anyway, the point here is that if your accommodation will take up a lot of your money, you can pay for it one place at a time.
Since I’m not a fan of sleeping in shared rooms and using shared bathrooms, a private room costs around P1,800 to P2,000 per night.
Savings tip: If you’re not too picky, you can stay in dormitories. Cost will be less than P1,000/night.
For example, for my trip to Seoul this Jan 22, I’ll stay there for 10 days. 9 nights x 1,800 = 16,200
Imagine paying 16,200 agad-agad. It would ruin your monthly budget, right?
Personally, since I like staying at different hotels in different neighborhoods, I book them separately. So, I booked the airfare on July 2017.
I paid for 1st hotel on Sept 2017.
2nd hotel was booked on Oct 2017.
And 3rd hotel was booked this Jan 2018.
Was there a difference with the prices? Based on my experience, there wasn’t any significant difference. Additionally, it helped me stay within the budget because all rooms are prepaid. Also, mas magaan sa bulsa, right?
Why did I start paying for the rooms on September? I needed to work extra hard last August. 🙂
4. Never pay full price!
For your house, consider moving back with your parents temporarily, or having a room mate to share housing costs.
Monthly Savings: P5,000 to P10,000
For your beauty needs, why don’t you color your own hair instead of going to the salon?
Monthly Savings: P1,000 to P3,000
If you use Uber/Grab for work, consider public transport. Or you can do what I do, public transport for morning/lunch, and then Grabshare/Uberpool for afternoon.
Monthly Savings: P2,000 to P4,000
For dining out, buy your coupons online for discounted prices.
P399 instead of P600 for buffet? Sure! Make sure to limit your dining out, too.
Monthly Savings: P3,000 to P5,000
5. Take up a side job.
If you’ve done everything you can to save money for travel, but it feels like it’s still not enough, maybe it’s time to go ahead and take on another income-producing “hobby”.
Every Friday, Saturday and Sunday, my friend stays with her parents, and rents her condo unit via AirBNB.
She gets to earn money and bond with her parents at the same time! 🙂
Possible Monthly Income: P5,000 to P10,000
Sell your clutter online.
The more you travel, the more you realize that your clutter doesn’t matter.
Why buy another dress, shirt, dress shirt, clothing item/pair of shoes, bags, (insert clutter here) when the ones you have are fine? Sell them.
Possible Income: P1,000+
Can you proofread and edit 1,000 words? Earn $5 and more on Fiverr.
Can you give transcripts of audio files? Earn $5 and more on Fiverr.
Can you design company logos? Earn $5 and more on Fiverr.
Can you draw?
I can’t. Earn $5 and more on Fiverr.
Heck, can you give relationship advice or update someone’s Tinder profile? Earn $5 and more on Fiverr!
Check out Fiverr. Who knows? Maybe your talent can give you dollars!
Once I’m in my dream vacation, I try not to get too overwhelmed and still save money while enjoying my trip:
6. In hostels, book the room with the free breakfast.
In hostels, grab the room with free breakfast – the difference is just P200-P300!
You get this already:
Savings tip: Pack a zip-lock bag.
During breakfast, make two sandwiches (or four, if you’re really, really hungry). Eat one, and then pack the other one, so you have a snack for later.
This’ll help you save money for travel because:
1) You won’t spend money on an impulse purchase, since you have a sandwich with you, and,
2) You’ll have the energy to look for a reasonably-priced restaurant, so you don’t end up in a touristy restaurant with exorbitant prices for your meals.
7. In hotels, have breakfast at nearby eateries.
Usually, getting the room with the breakfast would cost P600/person.
Don’t you think it’s a shame, considering you can have porridge/noodles/stew/breakfast meal nearby?
You can also check out the convenience store. This meal costs only 4,000 won (est. P200) and it’ll fill you up already!
8. Food is life, yo.
Savings tip: Don’t dine out more than once a day.
Locals don’t go to fancy restaurants for every meal, so do the same.
Eat at your hostel for breakfast.
Dine out for lunch instead – it’s cheaper and there are usually set meals available.
Savings tip: Eat where the locals eat.
It’s much cheaper and tastier. Bonus points when you eat in eateries near universities – prices are student-friendly. 🙂
8. Always use public transportation.
Take the bus and the train.
Savings tip: If you’re not in a hurry, take the All-Stop Train instead of Express Train in South Korea.
It’s around P200 cheaper and the time difference is only 15 minutes.
Most importantly, walk!
I hoped this blog post helped you start taking action steps so you can save money for travel.
Ask yourself: would you rather have the “one trip of a lifetime”, or do you want the “traveler for life” option?
It all comes down to earning and saving money.
Live the life you love,