As countries around the world slowly lift travel restrictions, now is a good time to start saving for your post covid-19 vacation. We put together a list of 7 ways on how you can create a budget for your next adventure.
Set a Budget
How much money do you need to save for your next trip post covid-19? Do you want to splurge on your dream vacay or would you rather spend time in the great outdoors? Your budget should include the basics: flights, transportation, accommodation, food, and trip insurance – because honestly, we don’t know how long non-essential travel restrictions will be in effect.
Ask for Cash
In lieu of gifts, ask for money. You can kindly request for cash, donations or travel related giftcards on your next special occasion such as your birthday, graduation, housewarming, Mother’s or Father’s Day, baptism, EID or Christmas. You can even ask for currency for the country you plan to travel to! But please, do NOT set up a Go Fund me for your leisure travel.
Get Rid of Items You Know Longer Use
Sell off items you no longer use. Most cities are still under lockdown or social distancing orders, you can use this time at home to sell off items you haven’t used in a while or that you no longer need. Do you have an old cell phone laying around? You can get a decent return on an old smartphone. We normally post our items directly to Facebook or Instagram to see if any friends are interested before posting on Craigslist or Facebook Marketplace. We also find it really easy to get rid of things by sending an email to our job’s social email thread or board. If you are meeting someone to drop off items or arranging pickup, covid-19 is still lurking, be sure to wear gloves a mask and bring sanitizer as well.
Open a Savings Account Just for Travel
Open a savings account just for travel expenses. If you already have a checking or savings account with your bank, it’s normally free to add on additional savings accounts. You can set up automatic transfers on a weekly or monthly basis. You can start with as little as $50 per month and by the end of the year, you could have $600 hundred dollars saved without even making an effort!
Cut Back on Utilities and Subscriptions
Are you able to downgrade your cellphone plan, cable, internet, car insurance or energy consumption? Most people are still working from home so cell phone data usage isn’t used as much. Can you live without cable for a few months? Stick to only one streaming service, you don’t need to have them all. Is there a provider offering a lower rate for internet? You can probably get your car insurance rate lowered if you haven’t been driving due to stay at home orders. Any money that you would normally spend on gas can go into your travel savings account. You can take public transit or better yet bike. Switch your light bulbs to fluorescent and lower your thermostat just a bit. Student loan repayments in the U.S. are cancelled until September 2020 due to covid-19, so take advantage of this deferment and set aside the money to your travel savings account. Can you reduce the amount of take out and cook at home instead? Cancel your gym membership, there are tons of free at home workouts online. Unsubscribe from any email newsletters so you aren’t tempted to purchase the newest item. Out of sight, out of mind. Every little bit counts!
Get a Side Hustle
If you are WFH, can you spare a few hours a week to pick up a part-time job? Perhaps you can pick up a gig as a delivery driver or grocery store worker. If you are a crafter, you can sell on Etsy or perhaps you can teach English online. You can write an e-book, tutor, become a virtual assistant or landscaper, teach a virtual class, sell stock photography, write for a blog, complete online surveys, open up a drop shipping site or sell graphics.
Cash in Your Coins
Now that you are spending more time at home, go through every nook and cranny of your humble adobe and find coins. Take them to your local bank or to a coin deposit machine to redeem them for bills or deposit into your travel savings account. Our biggest coin haul was about $240 CDN!!! Those loonies and toonies really add up to a nice chunk of income. We hope this post gave you a few ideas to jump start your much needed travel adventure post covid-19. We honestly don’t know when we will travel abroad next but are hoping to do take a few road trips later this summer within Canada. Until next time, happy trekking! Ty & Shay