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20 Ways to Cut Your Expenses, Grow Your Bank Balance, and Have Money for Travel

20 Ways to Cut Your Expenses, Grow Your Bank Balance, and Have Money for Travel
I want to start this blog post with a short exercise. Get out a sheet of paper and write down all your set expenses: rent/mortgage, car payments, cable bill, cell phone, insurance, school payments, and the like. Tally them up. Then write down all your discretionary spending. Add that all up – what did you get? What does this have to do with travel? No matter how cheap we want to be, travel requires some money. Cut the coffee – Love your Starbucks? This is an easy, low-hanging-fruit expense that can yield big savings right away. Learn to cook – We all need to eat, but restaurants are getting quite expensive these days. Lose the car – Cars are crazy expensive to own between insurance, repairs, loan payments, and filling your tank with gas (current average price of gas: $2 USD per gallon). Find a roommate – You’ll see a huge gain in your savings by lowering your housing costs. Get a new credit card – A travel credit card can give you free money, free rooms, or free flights. Canadian?

The Best 18 Resources for Cheap, Free, or Paid Travel | escapenormal The Best 23 Resources for Cheap, Free, or Paid Travel (Part 1) Welcome to Escape Normal! If you came here looking for ways to travel for free, you are in the right place. From volunteer trips to vacations to short term jobs abroad, this list covers the spectrum of affordable and paid travel opportunities. 1: Work Away Definitely my new favorite site, I haven’t yet signed up for membership but I plan on doing so immediately after I graduate. 2: Escape Normal Jobs Search for seasonal jobs all over the world, from work-exchanges on exotic retreat centers in Costa Rica to adventure kayak tour-guide positions. 3: Back Door Jobs This is for the adventurous type who still wants to make money while traveling. 4: Coolworks This site is so simple to navigate and has all the seasonal job listings you could ever think of in one place. 5: Couchsurfing This is a great resource, especially for younger people. 7: Help Exchange 8: Footprints TEFL I wish I had found this sooner. 9: Kibbutz 10: Peace Corps

How to Travel to Exotic, Expensive Cities on $50 a Day (Photo: Marc P. Demoz) OK, I’ve had a few short posts recently. Now it’s time for my favorite: a post you will want to print out, refer to often, and take with you on adventures. But what does that mean? In contrast, looking at how locals live — and find hidden gems — ensures you have amazing experiences that no guidebook can capture. His specialty is engineering first-class trips from economy-class budgets… Perhaps it’s time for that trip you’ve been putting off? Enjoy, and please share your own tips in the comments! Enter Nomadic Matt When I ask people why they don’t travel as much as they would like, the most common answer is “because of money.” There is an illusion perpetrated by luxury resorts, travel magazines, and travel agencies, that the wonders of some of the greatest cities in the world are out of reach for ordinary folks. When I started traveling the world in 2006, I made many rookie and costly mistakes. Think about your dream destination. The Basics 1. 2. 3. (Photo: Trodel)

Budgetting for long term travel Art of Hobo-ing: How to Budget for Long Term Travel Some of you have been curious how I budgeted for seven months on the road. Or maybe, you want to know how much to sock away for India, Asia and Southeast Asia. So let’s talk about budgeting and hobo-ing. Each traveler is different, we all have different budgets, comfort zones and spending habits. So I’ll just say up front, that whatever your budget (as long as it’s realistic and has some padding for occasional comforts) is, is doable. Budgeting 2-weeks to seven months When I started out on my trip, the idea that I’d be traveling long-term didn’t occur to me. Originally, I socked away $9,000 for traveling. Short-term travelers, even with “tight budgets”, have unconscious “vacation mentality“. Splurge on a little souvenir necklace, shell out a few extra dinero on a big meal and pick up shampoo and baby wipes… Before you know it, you’ve spent $10-30 on crap. Fortunately, I didn’t bleed my bank dry. How did I budget myself for seven months?

Get Paid to See the World: 12 of the Best Jobs that Combine Work and Travel Are you ready to start planning your own RTW trip? Sign up today for Plan Your RTW Trip in 30 Days and start receiving email lesson plans tomorrow – it’s free! You’ll be on the road before you know it! The point of RTW Wednesdays and this column is to inspire. Typically these hurdles revolve around jobs and money. If you are one of these people who love travel but don’t want to risk quitting your job and not having a steady stream of income, there are other ways to see the world. 1. Becoming an ESL (English as a Second Language) teacher is perhaps the most popular way of seeing the world and still make some money doing it, especially for young people. The type of work varies wildly depending on the area of the world you are teaching in. >> Check out 17 questions you should ask before accepting a TEFL job, or visit Dave’s ESL Café, the premiere site for teaching English around the globe 2. 3. 4. 5. The downside to many of the jobs on this list is low pay. 6. 7. 8. 9. 10. 11. 12.

How to See the World: Art of Travel; European and World Backpacking; On $25 a Day or Less Guide to Working on the Road – Round the World Travel Guide – Around the World Tickets – BootsnAll Travel Network Sometimes people just can’t save enough money while at home for their RTW trips. Putting away tens of thousands of dollars is not easy, especially if you’re young and right out of school, and particularly in the current economic state. If it’s going to take you a decade to save the amount necessary to go on the trip of your dreams, you may want to think about other options. If you’ve read through the planning part of the RTW section, you should be pretty well versed on what your working options are while on the road. This guide is going to give you the resources you need if you decide that working on the road is for you. Teaching English Teaching English is one of the most popular ways to make money while traveling. South Korea, Japan, and Taiwan seem to be the best places to go if you want a legit job that is also well paying. For more resources and information on teaching abroad and getting certified to do so, make sure you check out the following articles and sites: WWOOFing

Living Spree Travel Sooner: 5 Secrets to Funding Your Journey Faster You’ve been bitten by the travel bug. Your evenings are spent pouring over maps, websites and blogs of people doing what you want to do, sampling the exotic. You, however, are stuck in the 9-5 or working your way through school with what looks like a very long road ahead. It will be at least two years before you can break free and hit the road as you long to. Of course there are options that would let you travel sooner: You could teach English abroad, you could become a WWOOFer, you could volunteer in some other capacity, or take a job as an Au Pair. The good news is, that with some creative effort and a willingness to adjust your expectations, you probably can do just that. How do I know this is possible? Develop a quirky angle and a website The internet is a great tool for creating a location independent income stream. Another approach is to develop a quirky angle and create a website to match. That being said, there are ways to use a website to fund your travels. Man Vs. Too shy?

How You Could Pay For Your Next Trip to South America. The goal of taking a good photography is to make the region recognizable, but set your picture apart amongst the masses of others like it I’m not a professional photographer, but for over five years now I’ve used stock photography to supplement my income and help cover travel expenses. One of my favorite trips in recent years was to La Paz, Bolivia. One morning during the trip, I found myself scratching my head outside my hotel. I was staring at a large pile of sleeping bags, tents, mountaineering boots, ice axes, and food stacked on the sidewalk. Somehow, we had to get this huge pile of gear, five climbers, and our hired driver into a 1980’s era Toyota Corolla taxi, and then on to a remote region of the Andes six hours to the southwest. Our principle goal was to climb Nevado Sajama, Bolivia’s highest peak, but we also wanted to explore the surrounding region and soak up the stark, but stunning scenery. Stock photography can be lucrative, but it’s also not a secret anymore.

8 Tools to Help You Travel Forever and Live Rent Free So you’ve decided to do it. You have a friend or family member who can store your belongings for an undetermined period of time, you’ve tied up loose ends, and your bags are packed. It’s time to start traveling long term! But now what? You have a few family members and distant friends who have offered up a couch if you’re in their neck of the woods, but surely they won’t appreciate your arrival on their doorstep with no planned departure date in sight. How then, do you travel long term and not run out of money? © *sean Here are eight handy resources to help you get started on your long term travel adventure: Caretaker’s Gazette ( By joining this service (annual membership is approximately US$30), you will gain access to a classified system of people looking for caretakers in exchange for rent-free living. Some are paying opportunities, while others are simply work-trade arrangements for accommodation. Woofing ( House Carers (

Quit Your Job, Travel, and Live Remarkably I just returned from 10 days in the Caribbean, where I was a bridesmaid in a friend’s wedding. This wedding was particularly poignant because the bride and I were together the day she met her future husband. It happened three years ago. She and I were trekking in the Himalayas. My bum knee was slowing me down, so she reached the hut below Annapurna Base Camp several hours before I did. The couple became inseparable from that moment on. Eighteen months later, I reconvened with the couple in Central Australia to swap travel stories. Yet we shared a bond from experiencing the same places and enduring the highs and lows of our distinct lifestyle. Another year passed by. “I write a personal finance and lifestyle blog,” I told them, and they looked at me blankly. “I mean, I write about how to live the life you want to live,” I said. “I write about how to use money to create the lifestyle you dream of living,” I said. The French groom smiled. Other Friends Ask How I Traveled for Two Years.

The Seven Myths of Being a Travel Writer The Seven Myths of Being a Travel Writer By Tim Leffel Updated 2013 A few weeks ago I received an interesting piece of mail. It said, “Launch your dream career as a travel writer today and get paid to travel the world.” Why not indeed? Before you fall for it, remember that it is also glamorous to be a rock star, a best-selling novelist, or a starter for the Lakers. Just as plugging in a Stratocaster doesn’t make you a rock star, writing tales about your travels is not going to make you a travel writer. As a service to any beginning travel writers out there who are ready for the real story, here are the seven biggest myths of travel writing and the dirt on what to it will take to defy the odds. Myth #1: Travel writers make enough money to live on Some people make a living as a travel writer. A writer getting a $30,000 fee for putting a new guidebook together could spend close to a year of his or her life on the project and end up making a few dollars per hour after expenses.

How to Travel Full-Time for $17,000 a Year (or Less!) Wise Bread Picks For the last five years, I've been traveling the world full-time, and for less money than I've ever spent (and I'd wager less money than most people would spend) to live in one place. My worldly possessions fit into one bag (just larger than carry-on size) and a backpack containing my laptop and computer gear. This small entourage (weighing less than 45 pounds in total) comes with me as I wander around the world, sometimes quickly, but mostly slowly. In 2011 alone, I traversed 13 countries and over 45,360 miles. Sounds pretty expensive, huh? What if I told you it wasn't? Believe it. How to Keep Your Travel Costs Low Of course, I could travel for way more than $17,000/year. Here are a few of my secrets. Don't Pay for Accommodations In the entire year of 2011, I paid $173 for accommodation. Work-Trade/Volunteer There are lots of creative opportunities to work in trade for your accommodation (and sometimes food) and enjoy a more immersive travel experience. Hospitality Exchange