Okavango Delta, Botswana | Brian Lauer

How to Save Up for Your Dream Vacation


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Okavango Delta, Botswana | Brian Lauer

How to Save Up for Your Dream Vacation


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by Taj Bates

The biggest lie you can tell yourself is that you can’t afford to travel. Here are 3 tried n’ true tips that will have you jetting off on your dream vacay in no time!




STEP 1


Open a Travel Savings Account


Open a new savings account at your bank and reserve it for travel only.

I suggest giving this account a fun or funky name based on your desired destination, like Mata Hari Safari, Paris Ooo La La or Cuckoo for Macchu Picchu, so it will stand out on your monthly statements!

If your paycheck is direct-deposited into your checking account, ask your bank to set up an automatic transfer that will transfer a set amount into your travel savings account every pay period.

So, for instance, if you started auto-saving $100 to $300 a month, you would have a healthy travel fund of $1,200 to $3,600 a year from now.

And there are plenty of places around the world where you can have an awesome trip within that budget range.




STEP 2


Cut Back on Nice-to-Haves


Once you make your trip a priority, then you will have an easier time cutting back on the Nice-to-Have expenses in your life.

We all have them.

Starbucks or take-out on the daily. Or buying a shiny new smartphone every year. Or paying for premium cable TV + Netflix + Hulu + Amazon Prime TV.

So take a moment to jot down your current Nice-to-Have expenses, then determine which ones you can either downsize or get rid of in order to build up your travel fund.

For each, ask yourself:

“What’s more important to me? This Nice-to-Have; or going on safari in the Okavango next spring?”




STEP 3


Get a No-Fee Credit Card


Before your trip, if you don’t already have one, apply for or upgrade to a VISA or Mastercard with no annual fee and no foreign transaction fees.

Why VISA and MasterCard? Because they are accepted by merchants, restaurants and hotels pretty much everywhere in the world; Discover and AMEX, not so much.

Also, by having a card with no foreign transaction fee, you won’t be charged an extra 1% to 3% fee on any of the credit card purchases you make whilst journeying abroad.





Don’t Leave Home Without It


  • Travel hacks + how-tos
  • City guides + maps
  • Packing checklists

Travel smarter, safer, healthier, happier – equipped and inspired to see n’ experience the world like never before!

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Don’t Leave Home Without It


  • Tips, advice + how-tos
  • City guides + maps
  • Packing checklists

Travel smarter, safer, healthier & happier – equipped and inspired to see n’ experience the world like never before!

iOSAndroid