23 Creative Ways to Save Money For Travel (2024)

Saving money for travel is hard.

We all have bills to pay, kids to feed, and at the end of the day, saving money for a vacation just doesn’t take priority.

But it should.

You deserve a vacation. Like yesterday.

It just so happens that talking about finances isn’t the sexiest thing ever. But knowing your travel finances (as we like to call it) really makes the difference between multiple vacations every year and not having money to travel.

We travel 4-5 times per year by focusing on 3 things:

  1. Making a travel budget we can actually stick to
  2. Finding ways to travel on a budget
  3. Saving as much money as possible to travel with

So if you’ve got your travel budget in order- and you’ve found ways to travel on a budget – let’s talk about how to actually save the money for travel.

We’ve got 23 creative ways to do it, so let’s get started!

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Know Your Savings Goals

In order to plan an epic vacation (and not just a typical back-to-Disneyland kind of vacay) you need to know how much it will cost.

Scary, I know.

But this is why having a travel budget is so important – you’ll need to know the exact amount you’re saving towards. If you know the exact amount, then it becomes so much easier to focus on that one goal.

Especially when you’re at the store and there’s a sale 😛

So if you’ve never created a travel budget, then now is the time to start. We’ve even written an entire post about travel budgeting broken down into easy steps.

Okay, so now that we know how much this dream vacation will cost, how are we going to get the money? Well, a few ways actually.

  1. Make more money for travel
  2. Save the money you’re already making

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Make extra money and save it for travel

This is a good way to have extra spending money on your trip, or even knock out a few flights or transportation costs.

Of course, these methods involve working more or actually doing something extra. But the good news is that doing some of the ideas below can make you some serious $ quickly.

  • Work extra shifts or overtime – just remember to set it aside specifically for travel and don’t spend it on something else!
  • Take a temporary job. Same goes for this – any extra income from another job should go topaying off travel expenses on your travel budget
  • Have a garage sale (or sell stuff you don’t need online.) We all have extra stuff laying around the house that we don’t use anymore. Consider having a “spring cleaning” and get rid of things you don’t need
  • Make & sell your own crafts. Julien and I know a bunch of people who make and sell their crafts at art fairs or onEtsy. And you can set aside a separate travel fund with the proceeds

Saving money you already have

We love traveling so much that we’re willing to give up a few other luxuries in order to have dream vacations multiple times a year.

If you’re the kind of person that wants epic vacations so much it hurts, then you’ll have no problem doing a few thing from this list to gather the money for your trip!

  • Review your household budget. Then cut out any expenses you can live without. For instance, we recently cut out cable, and didn’t even notice the difference.
  • Use your local library instead of buying books. Did you know they have some pretty great stuff? Even new movies and books to help you travel
  • Add a “travel” section to your monthly budget. Every time you get paid set aside a specific amount for your trip. PS – you can set this to be automatic with theQapital app
  • Take advantage of free dates. Think picnics in the park, your DVD collection, going to a free outdoor concert.
  • Pay your bills on time! The more money you’re wasting on late fees and interest payments, the less money you have to spend on fun stuff – like airplane tickets
  • Print out a picture of where you’re going for motivation. I know it’s cheesy, but it really works. Make sure you put it somewhere you’ll see it every day (I like to tape mine to my phone case)
  • Do home manicures. I lovemy gel nails, but they cost me $35 every 2 weeks. Sound familiar? Skip the salon and get a gel lamp instead.
  • Same goes for doing my hair. Skip the expensive blowout and get afabulous hair dryerinstead!
  • Reduce your home energy bills. Turn off the lights, don’t let the water run, etc.Ughhh, I sound just like my parents*facepalm*
  • Buy generic instead of brand name. It’s so not worth the added expense and it really adds up!
  • Coffee at Starbucks: $3-4 per day. Coffee from home: less than $1.Need I say more?
  • Prepare your meals at home, it saves an obscene amount of $. You can even check out afreecookbook from the library and get creative!
  • Don’t buy new clothes. Go into your closet and re-purpose the stuff you never wear. If you’ve had the clothes long enough they eventually come back into style 😉
  • Set yourself an allowance every paycheck. Only spend that amount.
  • Take out cash, it’s harder to spend frivolously when you use cash instead of cards.
  • Save the coins from paying in cash and put them in a jar labeled “travel”
  • Compare costs before you make purchases -see if you can find it cheaper somewhere else
  • Look for promo codes – you’d be amazed at how much you can save just woth a quick Google search
  • Don’t buy things that are cheap. They break fast and need replacing sooner than high quality items

The most important thing you can do to save money for travel is to change your mindset. Every time you want that extra pair of shoes, think about how much closer you’ll be to your dream vacation if you just save the money for the trip.

This one little change has made all of the thing on this list possible and has allowed us to have some epic vacations. Hopefully it will help you too!

And don’t forget to subscribe for access to our free travel resource library! It will help you plan your dream vacation like a pro and it only takes 5 seconds!

Happy travels!

– Veronica

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23 Creative Ways to Save Money For Travel (2024)

FAQs

How can I save 100 or more when traveling? ›

Traveling on a Budget: 10 Tips to Save Cash
  1. Plan ahead. ...
  2. Create a budget before the trip. ...
  3. Travel during off-peak seasons. ...
  4. Check Groupon and LivingSocial for savings. ...
  5. Avoid hotels when possible. ...
  6. Look for discounts before you go. ...
  7. Travel with a friend. ...
  8. Don't be afraid to haggle.

How do I cut back on travel costs? ›

Check out 10 of the most effective ways to reduce your overall business travel spend.
  1. Tighten up your business travel policy. ...
  2. Have a pre-trip approval process. ...
  3. Save on airline flights. ...
  4. Cut the cost of hotels. ...
  5. Consider bleisure travel. ...
  6. Explore trip batching. ...
  7. Understand ancillary charges.

How can I save money aggressively? ›

Aggressive Saving: Should You Go for It?
  1. Reduce expenses to realize your aggressive savings plan. ...
  2. Immediately save your additional income so you don't spend it all. ...
  3. Start looking for ways to earn additional income on a regular basis. ...
  4. Save in a Saving Pocket. ...
  5. Save by locking money in a Locked Pocket.
5 days ago

How can I save money for a vacation fast? ›

SHARE:
  1. Make a budget.
  2. Save consistently in smaller chunks.
  3. Open a high-yield savings account.
  4. Research prices well in advance.
  5. Plan your flights and travel dates strategically.
  6. Use a sign-up bonus to lower travel costs.
  7. Take advantage of holiday deals.
  8. Start thinking about currency exchange.
Aug 31, 2023

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How to save $5000 in 100 days? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

What is the average cost of a vacation for a family of 4? ›

$129/night
Number of peopleAverage daily costAverage weekly cost
1$283$1,984
2$566$3,969
4$1,132$7,936
6$1,698$11,904

How much does the average American travel? ›

Around a third of Americans enjoy two to three vacations per year. Meanwhile, just over a quarter have not traveled for non-business related trips at all in the past 12 months, and around a fifth of respondents have traveled once. Six or more vacations, on the other hand, were rarer.

How much money should I set aside for travel? ›

How much should I budget for a vacation? Your budget for a vacation will, of course, vary depending on many factors. Many people set aside 5%-10% of their net yearly income for leisure travel, but your savings will depend on the type of vacation you're planning.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

What is the 70 saving rule? ›

The 70-20-10 budget formula divides your after-tax income into three buckets: 70% for living expenses, 20% for savings and debt, and 10% for additional savings and donations. By allocating your available income into these three distinct categories, you can better manage your money on a daily basis.

What are the modern way of saving money? ›

Automate your saving by setting up a direct deposit from your paycheck into a high-yield savings account or money market account. Pay off debt. Work on paying off your debt, starting with high-interest debt, to free up more money for savings and improve your financial situation. Earn more.

What does Dave Ramsey say about traveling? ›

You want to ensure that your trip is the perfect amount of time so you don't spend more on accommodations than you should. It's important to note that you don't have to spend all your vacation time on your trip. You can take a few days at home or return to work earlier and bank that time off for a future excursion.

How do I not spend a lot of money on vacation? ›

10 Ways To Save Money On Vacation
  1. Create A Vacation Budget. ...
  2. Travel During An 'Off-Season' ...
  3. Use Credit Card Travel Rewards. ...
  4. Exchange Currency Before Traveling. ...
  5. Avoid Unnecessary Bank Fees. ...
  6. Pack Light. ...
  7. Take Advantage Of Free Attractions. ...
  8. Walk Or Use Public Transportation.
Aug 4, 2023

How much does the average person spend on vacation? ›

Average cost of a vacation by generation
GenerationAverage cost per trip
Millennials (ages 27 to 42)$1,785
Gen X (ages 43 to 58)$2,220
Baby boomers (ages 59 to 77)$3,093
Silent generation (ages 78 and above)$3,543
2 more rows
Nov 28, 2023

What food can you travel with to save money? ›

Carry something to nibble on—like fruit, nuts or a baguette—when you go out on a tour or excursion. With a snacking strategy, you won't be starving every time you sit down to eat—and you'll be less likely to over order.

What is the fastest way to save 100k? ›

7 tips for getting your first $100,000
  1. Figure out how much money you can safely save each month. ...
  2. Automate your savings. ...
  3. Maximize your employer-sponsored savings and investment accounts. ...
  4. Save your tax refunds and work bonuses. ...
  5. Pay off existing debt. ...
  6. Seek a raise or some other way to increase your income.

How much money should I save for Travelling? ›

Many people set aside 5%-10% of their net yearly income for leisure travel, but your savings will depend on the type of vacation you're planning.

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