One of the most frequently asked questions that young people who travel when they are young face is “but how do you afford it?!”. The costs of traveling can soon add up; therefore, it is no surprise that finding the large sum of money required to spend time abroad can be somewhat challenging.
There usually isn’t one straight answer when it comes to explaining how you can afford to go traveling when you are young. Instead, there are a few different ways that you can save money leading up to your trip, as well as how to save money while you are there. Here are seven of the most popular ways to be able to afford to travel in your 20’s.
Shop Around for Cheap Flights
Sometimes making the decision to go traveling can be so exciting that you can rush into booking flights instead of shopping around for the best deals. If you simply book your flights based on the dates you want and the destination you are heading to, then you will likely find that your tickets will cost a lot.
It is advisable to keep an eye on the prices of flights and hold out for airline deals and then book when you get a good deal. You should try to make your dates as flexible as possible, as being restricted by the dates you can travel may make your flights a lot more expensive. You may also consider looking out for deals on indirect flights as flights with a stopover can be cheaper and offer you the opportunity to visit new places on the journey to your destination.
Save, Save, Save!
If you are serious about wanting to travel, then you are going to have to make some sacrifices when it comes to spending the money you have; this means making saving one of your financial priorities. You will be surprised by how much all of the small spends you make on a daily basis soon add up, such as a coffee trip to Starbucks or buying food while you are out instead of eating what you have at home.
You should try and create a saving schedule that you can afford and stick to it. Devising an agreement with yourself on how much money you can afford to save each month is an effective way of getting the funds you need together to be able to go traveling.
If you are ever tempted to buy a pair of shoes or the latest game that has come out for your console, just remember about the memories you could be making while traveling the world with that money instead.
Get a Loan
If you are struggling to get enough money together up front to be able to afford to travel the world, or if you have some money but not all of it and have seen a time limited deal come up, then you may decide to take out a personal payday loan instead. Using loan provider Bonsai Finance, you’ll be able to compare a variety of guaranteed loans from quality lenders even if you have bad credit. Head to this page for more information on the financial support that Bonsai Finance can offer.
Get a Job That Travels
One of the best ways to be able to afford travel is if you are traveling due to work and therefore have your costs subsidized. It can be difficult to balance both a full-time job and traveling, so you should consider getting into a career that combines the two.
There are many international companies that have offices all over the world that are happy to accommodate employees from overseas. While you may be concerned about the language barriers that are associated with working abroad, many businesses all over the world use English as their official language. Similarly, there are many ways that you can learn languages online during those long commutes and flights.
Start a Side Hustle
You may have to use all your monthly wages towards your cost of living and therefore have little left over to save for traveling. Therefore, you could consider taking on an extra employment role to provide you with another form of income that you can use solely for travel costs.
The best thing about taking on a side hustle is that you can pretty much do anything! We all have different skills and comes across various opportunities, but the important thing is that you do something you enjoy. From picking up extra shifts in your local bar, to making your own jewelry to sell online, to writing articles or designing websites, there are plenty of options available. You will be surprised how quickly the money adds up!
Home Exchange
If you own your own home and are interested in traveling abroad, then you may want to look into the home exchange programs available where you can swap homes with someone from abroad. While you may be concerned that where you live isn’t a popular tourist destination, you should still get online and list your home on the home exchange websites. You may be surprised by how many people would like to do a home exchange with you.
Swapping homes with someone on a home exchange website is a great way to travel the world without having to spend a lot of money on accommodation.
Explore Different Accommodation Options
One of the biggest expenditures when it comes to traveling is accommodation, so you should explore the different options available to you. By looking at alternative places to stay, such as hostels instead of hotels, you can save money throughout your trip, while also getting the chance to meet other like-minded travelers.
It can be challenging to try and get enough money together to afford to pursue all your dreams of travel, but by cutting back on some of your living costs and being more money savvy with your budget, you can enjoy making some lifetime lasting memories when traveling in your 20’s.
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