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 own pot to eating out every meal? All this will determine how much money you will eventually need for your dream trip. Make an estimate of 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. Or you can use a travel savings tracker.

Saving

The first step is to save. Take a look at what you spend for a few months and then see what you could save on. Some things you could save on:

• Take your lunch to work more often instead of buying a sandwich
• Bring your own 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 yourself more often

You can also save while shopping. We almost never 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.

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!

Invest

Investing can also help you save for your dream trip, especially in the long term. Only invest and invest with money that you do not need urgently, you have to take into account that you can also lose money with this. But of course, it can also make money.

Currently, crypto such as Bitcoin is extremely popular. There are several exchanges where you can buy these. I myself have accounts with Coinbase, Blox, and Binance. The first is useful because you can earn free crypto with it by doing small tests. The latter has many more options in terms of coins but is slightly less user-friendly. If you create an account with Blox and use this voucher code, you get €10 credit (K687-K97C-G9KB). I enjoy working with it, but it is a very volatile market: so read about it carefully before you start.

Everyone is familiar with the classic investing in shares. You can do this through your bank, but nowadays it is also quite easy to do this yourself. I recently took my first steps in this direction by opening an account at DEGIRO and also one at Bux Zero. At Bux Zero you get a free share if you register with this link (provided you put a small amount of 0.50 euros on your account). DEGIRO is one of the largest and cheapest brokers in Europe where you can buy stocks from over 50 markets in 30 countries. They have a user-friendly and simple platform, both online and as an app so you can always follow your stocks, no matter where you are. But also here: read carefully and do not invest with money that you will soon need.

Passive income

This one is actually 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 or ShareASale.

Another way is by selling ebooks, online courses, or other digital products online.

Do you have any tips for saving for your dream trip?

Some of these links are affiliate links. If you buy something through these links, Travel Eat Enjoy Repeat will earn a small commission. This will cost you nothing extra.

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.