They say planning leads to success – and ‘they’re’ right!
When we first started to discuss travelling the world we were fearful of how we were going to be financially able to. But as soon as the idea was on the table we knew that somehow we had to make it work. So we started to plan and here’s how we did it:
We established our minimum living expense
When we say minimum living expenses we are referring to housing, food, water, bills and transport. Once this is established you’ll be able to see the maximum you can save per month. This can then go into a savings account or somewhere where the funds cannot be used as disposable income.
Set up automatic payments into a savings account
As most of us have automatic payments for bills you should have an automatic payment after all your bills are paid for savings. Create a specific account for travelling and transfer whatever you can afford into it after each paycheck. Ensure that this account isn’t your daily user otherwise it’ll be difficult to track your savings.
TOP TIP – do not withdraw anything from this account!
Share and question all purchases
With almost everything that we purchase we discuss it first. From food to equipment and clothes. Everyone can be impulsive at times and often you need someone to ask if your making a purchase out of necessity or desire, more often than not, it’ll be the latter.
Not taking it? Don’t buy it
A fantastic question to ask yourself before buying something is ‘Am I going to take this travelling with me?’ If the answer is ‘Yes’ then it’ll be on your Kit List. If the answer is ‘No’ and it’s not an expendable or consumable then don’t get it! You need to be strict with yourself here – start as you mean to go on. Sew up your old clothes and wear them until they sport holes. This is really where you save a lot – don’t spend your hard earn’t money on junk.
Eat cheap, stay healthy
You can save a huge amount of money by simply watching the foods your purchase. The foundation of a bodybuilders diet is oats, medium grain brown rice, protein and vegetables. You can eat extremely healthily at home and it can costs hardly anything. We spent approximately $25 NZD a week (we were living in New Zealand at the time) to feed the two of us – and the cost of food over there is high!
Dine in, not out
Instead of going out for a meal we have a treat night once a week. We’ll spend a fifth of what we would if we were to go out for dinner and it’s much more enjoyable. On Fridays or Saturdays we’ll cook something nice together, sit on the deck outside, have a bottle of wine (or two) and chat all night long. Sometimes we’ll go down to the beach and have a BBQ or take a picnic to a nice local park. Once you do this a few times you’ll really enjoy it. We much prefer it to going to a restaurant.
Don’t use it, sell it
All of us are guilty of owning many items that live in the attic, under the stairs or at the bottom of the wardrobe. Join your local Facebook ‘Buy and Sell’ page and start selling that stuff. One mans rubbish is man’s gold when it comes to this method of selling – you’ll be amazed as to what you can sell. We made approximately $1000 NZD though selling items that we could have happily thrown away. If you can’t remember the last time you used something, then sell it!
Make your own entertainment
Wherever you live I can guarantee there will be something free to do in your area. Go cycling in your local woods, walk around the lakes, get away – go camping to test out your gear, go for a hike or walk through your local county side. What do we do? We like to go to the beach, surf or body board, open cinema’s, local fetes and get away on camping weekends. There will always be events on in your area to keep you entertained, google it.
Stepping It Up A Notch!
- Sell your car. If your circumstances permit, sell your car. It’s likely your most significant outgoing and if you can live without it for a few months then you’ll be rich! Start biking whenever you can or hop on a bus.
- If you smoke, Stop. We know – easier said than done! We both smoked for a while and quitting was the best choice we’ve ever made. Along with getting fit and healthy for your travels you’ll be quids in and pumping even more cash into that savings account than ever before.
- Stop drinking. Where would you rather have a beer, at your local or on the gold coast? Go down to the pub but don’t drink. Have a few waters instead – be the sober driver instead. All your mates will love you, you wont burn a hole in your pocket and you wont have a headache the following morning.
- Quit the Gym. We like to keep fit and we like to do so when travelling as well. Ditch that gym membership and start running outside, do some push ups and burpees. You’ll feel much better for getting outside for your daily workout.
- Work overtime. Overtime equals more money and more money means you’ll be able to travel longer and go further. Put in the hard yards now and you’ll reap the benefits on your travels.
Saving isn’t easy and you’ll need your own mental hook – Something which will motivate you when the times get tough and the decisions get tougher. What’s ours? We learnt that all these little changes led to an extra night in Fiji, Australia or an extra 4 in Thailand, doing what we love and no sacrifice was ever too much.
Know your end goal, work hard and save harder!