5 tips to save for your dream trip
Do you also have that one dream trip you ever want to take? Whether it’s a road trip through America or Canada or, in my case, a cruise to Antarctica, everyone has that ultimate dream trip. But how can you save for this dream trip? Then read on for some tips.
Estimation
How much your dream trip costs depends on what that trip is. A plane ticket to New Zealand costs a lot more than to New York, for example. Do you like camping or luxury hotels? From cooking your pot to eating out every meal? All this will determine how much money you will eventually need for your dream trip. Estimate this and start saving. It may also be useful to open a separate account and deposit a certain amount into it every month, for example.
Savings
It can be helpful to open a separate savings account and, for example, deposit a fixed amount into it every month. You can set this up automatically through Revolut.
You can also use savings challenges. Here are a few examples:
- Save €1 in week 1, €2 in week 2, … up to and including week 52, saving a total of €52. This way, you can save €1,378 in a year. Since the weeks when you’d need to save the most fall during the most expensive months, you can also choose to distribute the amounts randomly throughout the year.
- No-spend month. Decide on a month to spend nothing extra
- Round up all amounts.
Want to take it a step further? Then you can also explore how to earn extra benefits through your daily spending. With the right strategy, for example, you can earn miles with a credit card, allowing you to book (part of) your flight or hotel at a lower cost or even for free. Learn more about this through Daily Drop Lounge.
Saving money
The first step is to save. Take a look at what you spend for a few months and then see what you could save. Some things you could save on:
- Take your lunch to work more often instead of buying a sandwich
- Bring your coffee or tea from home for the road
- Check if you are still using all your subscriptions
- See if you can’t take out a cheaper internet or mobile subscription
- Cook for yourself more often
You can also save while shopping. We rarely buy branded products: mayonnaise or ketchup from the house brand is just as tasty as the more expensive brand (but my Coca-Cola is non-negotiable 🙂 ). I also often look at promotions of, for example, washing products or shower products.
Cashback
Every time I buy something online, I use a cashback link. But even for my everyday groceries, I try as much as possible to see if there’s any cashback available. Of course, I only buy products that I really need. I also compare the different cashback websites with each other.
For Booking and Agoda, I currently use TopCashback (6% cashback for Booking and 8% for Agoda).
Sell
Do you also have those sweaters or pants from a few years ago lying around in the back of a closet? Or shoes that are not so comfortable after all? Then sell them on, for example, Facebook. And there are probably still things lying around in your house that you no longer use. And on top of that, selling these things is also good for the environment!
Online side hustles
There are several side hustles you can do online during breaks or in the evening, even on your phone. At Swagbucks, you get money to answer questionnaires or play games. Also at Prolific, you can participate in surveys. Love playing games? Then you can earn money using FreeCash. Or why don’t you do some transcribing?
Passive income
This one is mainly for people with their own company or a blog. For example, use affiliate marketing where you earn money when people buy a product through your link. You can easily sign up for this at, for example, Amazon, GetYourGuide, or Travelpayouts.
Another way is by selling ebooks, online courses, or other digital products online.
Do you have any tips for saving for your dream trip?
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Disclaimer: I am not a financial advisor. Always consult a financial advisor when making financial decisions. All tips and information in this post are based on your own judgment. Make sure you inform yourself well before making any decisions. The information in this blog post is not intended as individual investment advice or as a recommendation to make certain investments or purchases. Investing involves risks: investing involves the risk of loss.
