It feels kind of ironic writing a blog about something ‘finance’ related due to the ‘rona and being semi unemployed myself… lets ignore that though 😉 here are 5 tips that have helped me save money QUICK in the past, enjoy!
1. MOVE BACK IN WITH YOUR PARENTS
If you’re wanting to save for a longer trip I would highly recommend this. The money us millennials spend on rent is CRAZY! So if there is a way to cut your rent in half(or maybe you’ll be lucky enough not to have to pay anything at all) definitely make the move. Even if its only a few months. Probably not the most ideal situation for most of us but hey- its only temporary. Parents are generally super on board when it comes to helping us achieve goals like this anyway, I know mine are!
2. START SAYING NO
Unfortunately, especially with funds; we cant have our cake and eat it too. We really need to prioritise what’s important, and in this case its having enough coin to feel secure going away with! Going out every weekend isn’t going to impact our bank accounts in a positive way. Just say no. Your true friends will understand. Obviously don’t become too anti-social, but being home means you aren’t spending money(also say no to online shopping). Suggest different ideas to your friends, do a workout in a park together rather than paying for a hefty spin sesh, go on a picnic, invite friends to yours for a few beverages, visit a free museum etc. Do anything but go out for food and drink.
3. PACK YOUR LUNCH
This does go hand-in-hand with tip 2. But I’d say in Australia its not often you could buy lunch for under $15. A standard 5 day work week you’d be spending $75 on food… that’s a zip lining tour in NZ! If you didn’t buy lunch during the week for 6 months you’d save $1,800… return flights to South America! You get my gist. It adds up. Lunches are so easy to make and generally a lot healthier than what you’d purchase out anyway. Less take out bought also means less landfill. Beneficial for your wallet and the environment. Sold.
4. WALK MORE
Whenever you can during this ‘saving period’ do whatever you can to walk from A to B. This may not always be possible depending on where you are living, climate etc. But walking costs nothing and is so valuable for our health. If you have the time try to avoid driving/paying for public transport/Uber. And I would say you’ll be doing a mass amount of walking when you head away so this will prepare you for what is to come. More walking= more time to listen to travel related podcasts like my millennial money. Exercising + learning = winning.
5. HAVE A BUDGET AND STICK TO IT
Probably the hardest task for us all… but probably the most rewarding. Sticking to budget you’ve promised yourself you’d stick to does wonders over time. Determine a realistic figure you can put away weekly, whether its $100 or $500. Just make sure you do this consistently. No if’s or but’s about it. Don’t cave for anything. It’ll be so worth it when you’re on the tarmac about to take off to your dream destination. You’ve got this!
What encourages you to save? What tips would you add to this list? Even ways to save money whilst travelling? Would love to hear 🙂