Lately, my direct messages via Instagram, Facebook and Whatsapp have been blowing up with comments and questions from former colleagues and associates, as well as friends and family members. The question on everyone’s lips is, “how are you traveling so much?” It’s honestly taken me by surprise because it doesn’t feel like I’m on the road that much, although admittedly, I do have a penchant for using my passport.
“I want to travel with u,” was the most recent ping last week, which eventually led to a quick, catch up phone call about a bunch of things, as well as musings as to where I was going next. That person and I keep tabs on each other through social media, but we hadn’t actually spoken in about two years.
“When I grow up, I want to be just like you,” is another comment I get fairly often. For the most part, I know the sentiment is well meant, but on a few occasions I have definitely felt a few snarky undercurrents seeping through. In the Caribbean, we call that kind of thing drinking hater-aid. [Side note: People will draw all the positive energy out of you if you allow them to. Don’t!]
Enter (still to be created) melting heart emoji.
I share my stories and pictures to encourage other people to travel because we learn a great deal about ourselves and others when we step outside our comfort zones. So, if you’ve also been bitten by the travel bug (an incurable malady) and want to know how you can put aside money to travel, this is my three-step plan. Feel free to use it, too.
[All currency quoted is in US dollars.]
1. Save consistently.
How many times have you heard the phrase “it’s not what you make that matters, it’s what you save?” More times than you care to count, I’m sure. Well, it’s true. Every little bit matters. Since everybody has a different level of financial responsibility, I won’t attempt to give you a percentage guide here. The important thing is picking a number that’s feasible for you and sticking with it, then balancing consistency with spending restraint. If you’re thinking that’s easier said than done, it really isn’t. I’m making less money than I was five years ago, yet I still have been able to visit new countries within the same timeframe. That’s because I maintain a set monthly savings goal so that I have the comfort level of a financial cushion if anything unexpected happens, and then I set aside funds for travel.
2. Live within (or below) your means.
There are so many ways you can do this without affecting your true quality of life. For example, I recommend buying or renting a home in a community that doesn’t tap out your monthly income. That means you can go for nice; it just doesn’t have to be luxury. (Travel goals aside, it’s also reassuring to know you can afford to live in a place for a while even if your job situation changes suddenly.)
Ladies, I’m going to ask you to think carefully about whether or not you need the latest designer clothes, accessories and cosmetic products as soon as they come out. The truth is, you really don’t. Yves St. Laurent, Diane von Furstenberg, Rihanna
Fenty Beauty evurrythang, and other moguls like them won’t miss our extra dollars lining their already plum pockets, thank you very much. No, they’re able to fly anywhere they want to go via their private jets, while you and I are gonna have to settle for keeping each other company in coach.
And guys, take this from me, you won’t be any less dreamy (to the right person) if you don’t lease the latest SUV or snazzy sports car and upgrade it every three years. Don’t get me wrong, I’m not out here saying you need to be taking the bus forever either, bae (wink, wink). At the end of the day, we just have to walk in our truth.
I’ve been BMW convertible obsessed for a while now, but I’ve avoided a hefty car payment and insurance premium by driving a 10 year-old, unsexy as heck Japanese vehicle that’s still in pretty decent condition. I’m sure that saves me anywhere from $500 – $600 per month. Also, even though I don’t like cooking, I’m preparing more meals at home these days versus dining out. Believe me, all those daily 10-$15 work lunches, $80+ three-course dinners with wine pairings, and lengthy happy hours add up! Cut back a little bit and you’ll see the gains. You can easily save $200-300 a month on lunch alone by that small lifestyle change.
3. Aim for little or no debt.
This goes beyond simply balancing your checkbook at the end of the month. I curtail any of my potentially excessive shopping habits like avoiding shoe stores as much as possible. By leaving my credit cards at home, I also force myself to pay cash when I succumb to temptation.
In addition, I recommend consolidating your credit cards – more than two bank cards is asking for trouble – and paying off your balances as quickly as you can. Interest is designed to line the pockets of creditors, not ours. Plus, money spent on late fees is a waste. Those dollars could go towards an AirbnB stay, or pay for the entrance ticket to your next must-see attraction.
See, that doesn’t seem undoable, does it? If you agree, help me spread the word by pinning and sharing this post. Saving for travel can be as easy as 1, 2, 3…