How saving successfully for travel can give you a purpose and sense of accomplishment
We all do it, right? Have a goal in mind that we want to achieve but let life get in the way. It’s busy out there and sticking to our goals can be challenging. The challenge is half the problem and the reason why so many of us fail to stick to our goals. The reward is worth the effort, especially if you know what you are trying to achieve. On your morning commute you know where you want to get to and you know how you are going to get there. Even if some transport routes are down, you deviate from the traditional route and find one that works. Knowing what you want to achieve is the first step in achieving your goals.
Discover where and when you want to go
There are thousands of different incredible places to visit. From the beautiful beaches of Bali to rice paddies in Vietnam. Driving across Route 66 in the US of A or trekking in the Andes of South America. Whatever style of travel floats your boat it’s good to have a sense of direction before you begin. It allows you to start discovering how much you need to save so you can get yourself to your dream destination. A rough guide is okay.
It’s a good idea to have a timeframe in mind of when you want to leave on your trip. For example, it’s now August and the best time to visit Bali is just before the high season in April. So you have 6 months to save for your dream trip.
Set a goal
It’s okay if you don’t know how much you need to save upfront for your trip to become a reality. As long as you set an amount and start the process. In my experience (having travelled to 32 countries across 6 continents) I recommend a starting point of £1500 for a 2–3 week trip. It’s generally enough to be able to book your flight and get you going. Coming back to opening paragraph, as long as you have a goal in mind, you can figure out how to get there along the way.
(To get a better understanding of how much you need to save for a particular destination, try our trip calculator for a bit of fun)
Start saving
This part is exciting, it makes your dream trip start to become a reality. Open a seperate savings account for travel. An account that you can easily look at but has a tiny bit of friction to withdrawing the funds. You want to go on holiday, right?! Set up a saving plan — weekly, fortnightly or monthly — and an amount that you want to save during the build up to your trip. Let’s use the £1500 and Bali example from above:
Goal Amount: £1500
Time before travel: 6 months
Saving plan: Fortnightly
Amount to save each fortnight: £125
Achieve your goal
To be more successful at achieving your goal set up a direct deposit of £125 each fortnight. That way you don’t have to think about it. Before long, you will start to see that amount accumulate and the excitement for your trip will become a reality.
To ingrain the experience even more, and be the envy of your friends, share it with them on social media. It will help you stay accountable and on track with your savings goal! You never know, friends and family might contribute along the way and help you achieve your goal even faster :)
Go travel!
Now that you have successfully saved for travel it’s time to enjoy it. You have achieved your goal and have experienced one of life’s many wins! Be proud of yourself. The feeling of self achievement and reaching goals is extremely rewarding. Give yourself a pat on the back, you deserve it!
The experiences you have and memories you come back with will last a lifetime. A little bit of inspiration is all you need and a savings plan will help you get there. Time and time again!
If you need any help planning your next trip just get in touch. We can plan it, book it and set up your savings plan to get you there! Moneycado is your new bank account for your bucket list. To find out how much your trip might cost or get some trip inspiration based on your travel profile head to our website.
