How do I effectively collect savings
Saving in everyday life - 15 tips to fill your travel budget
As a travel-hungry adventurer, you probably know this: You spend all of your free time going through your bucket list and imagining your adventures in Australia, Costa Rica or Japan down to the smallest detail in your head. In your dreams you have already traveled to all the destinations on your list several times, but in reality your meager travel budget usually throws your bill.
Even if travel is no longer so expensive these days thanks to cheap hostels, low-cost airlines and deal search engines, it is especially long-haul trips for which you need a decent sum. In this article, you will find out how you can save money in everyday life without a lot of effort and restrictions in order to fill your travel budget!
Saving in Daily Life - 15 Tips to Fill Your Travel Budget!
Set and plan your savings goal
Before you implement the 15 brilliant everyday savings tips, you should set yourself a specific savings goal beforehand. To do this, you take your bucket list at hand and choose a travel destination that you would like to visit next. Now you have to find out how much this adventure will cost you. So if you want to go on a road trip through Scotland or Ireland in a few months, for example, you research how much the journey, a rental car, gasoline, accommodation, food and, above all, the local activities will cost you.
To be on the safe side, add another 10 to 15 percent to your final amount as a buffer and set this amount as a savings target! Because you know exactly which travel dream you will fulfill with the money you save, the motivation to save is much greater. A nice side effect is that the temptation to spend your hard-saved money senselessly is much lower!
A budget book is a great help in the beginning to keep an eye on your finances and analyze your income and expenses. You can only take effective measures if you know where your money is coming from and where it is going again. If you don’t have the time or the inclination to record your money movements on paper, you should stop by your app store. There you will find simple household books, such as the Money Control household book or even practical budget planner apps, such as YNAB!
The advantage of an app is that you always have it in your pocket and you can immediately enter your expenses when you are out and about. We have had very good experiences with the YNAB app ourselves and the annual fee of a little over 40 euros is worthwhile if you save several times over thanks to the app and get your finances under control.
Saving in daily life - tip 1: Compare prices for larger purchases
Starting a price comparison is probably the easiest way to save a few euros. For example, if you are looking for a new backpack that will accompany you on your future adventures, you should not order the first backpack you come across, but compare the prices on the various portals that you have found via Google. Often you will find backpacks from the previous season that still look good and are much cheaper! This not only works with backpacks, but also with hiking boots, clothes or electronic devices.
However, a price comparison is not only worthwhile for new purchases, but also for existing contracts. With electricity in particular, you can often save several euros a month by paying for the flight for your next city trip over the year!
We'll tell you a little later in the article how you best compare the prices when shopping for groceries. Now let's take a look at how you can keep an eye on your insurance and save a decent amount of money.
Saving in daily life - tip 2: keep an eye on your insurance
Most Germans are overinsured and pay a lot of money for it! Take the time to go through all of your contracts and make a decision as to whether you can do without them or not. We are not insurance experts and in many cases it is worth talking to a professional about it. He will advise you properly and also try to sell you one or the other insurance - after all, that's his job. For this reason, after the interview, check whether the advertised insurance is actually as important as your advisor has told you.
A travel cancellation insurance that only takes effect as soon as a horror scenario has occurred, for example, is nonsense in our opinion. In comparison, without good foreign health insurance, I would never leave Germany. The same applies to private liability insurance that protects you at home and abroad.
You can then cancel all senseless insurances and even with the indispensable insurances you can still save one or two euros by comparing the offers of the providers with each other and concluding a tariff with a good price / performance ratio.
Saving in daily life - Tip 3: Check your credit card
Almost every traveler travels with at least one credit card. This makes paying abroad easier, you can get cash easily and you can often only book a flight with a credit card. In addition, you always have an emergency egg in your pocket!
However, credit cards cost money. Many providers charge a small amount, especially for payments or withdrawals in other countries, but this adds up to a large amount over time. It is important that you think about what you use your credit card for the most. You can then effectively compare different offers. It is also cool that you collect bonus points or miles with many cards, which you can exchange for flights.
Reading tip: In our credit card comparison you will find all the important key data and prices for the best credit cards!
Saving in daily life Tip 4: cancel your memberships
Membership in a fitness studio costs you up to 50 euros a month. Calculated over a year, you can use it to pay for the return flight to Iceland.
Of course, you don't have to mutate into a couch potato for this. On the contrary: become a daredevil and relocate your fitness routine in nature! You can train your body by jogging or cycling without paying for it. There are also countless videos on YouTube for a simple daily work-out in the park or in your own four walls!
Saving in daily life - tip 5: clearing out and selling
If you are like most people, you have way too much stuff lying around at home. Regardless of whether it is clothes, decorative items, tools, hobby supplies or other things, almost everyone has something that they either don't need or no longer use.
The rule here is: muck out! All things that are of no value to you, that you have not used or had in your hands in the last 12 months, can be gone. The best thing to do is to create an eBay account or sell your stuff through local Facebook groups. This not only creates space, but fills your travel budget!
You know best what you no longer need and can sell without worries. Take the time - your travel budget will thank you!
Saving in daily life - Tip 6: Avoid going to restaurants and cafés
A really good flat white in your regular café or a great burger in the shop around the corner are a fixed weekly ritual for you? To save money, it is worth making one or two coffees at home and preparing your burger on your own stove.
That doesn't mean that you can never treat yourself to something delicious on the go! Depending on how often you hang out in cafés or restaurants, you can save a lot of euros if you skip every second visit to a café and eat only once instead of three times a month!
By the way: Self-cooking also applies to the lunch break!
Saving in everyday life - Tip 7: Shop smart
When shopping for your home-cooked dishes, keep your eyes peeled! Many big chain supermarkets have been designed by psychologists to get you to buy as much and as expensive as possible.
Stick to own brands and other cheap alternatives to the well-known branded products. Most of the time you can find the cheaper products further down on the shelf, the expensive ones are placed at eye level. Kneeling down is worth it! Look out for good deals and compare the prices of different supermarkets. After a short time you will find out where you can buy which things at particularly low prices.
By the way: Many supermarkets offer online shopping with partially free delivery services (from a certain order value). You have full cost control and are less tempted to make impulse purchases. Plus, you don't have to lug shopping bags!
Saving in daily life - Tip 8: Check your mobile phone contract
The running costs for your mobile phone contract certainly make up a relatively large portion of your monthly expenses. Here again: Think about whether you really need all the bells and whistles that are included in your contract. For example, if you pay for an all-net flat rate that you never use, it is time to look for a new contract or maybe even a flexible prepaid offer.
If you are bound to your contract for a long time, you should speak to your provider. Often there is a loophole that allows you to get out of a contract or at least change it to a cheaper rate. The latter works particularly well in conjunction with a contract extension.
By only paying for the things that you actually use, you save a few euros every month, which you can buy for a few days on your next road trip through Europe!
Saving in daily life - tip 9: cancel subscriptions
Every month several newspapers and magazines fly into your house, all of which interest you, but you never read. If this sounds familiar to you, you should also clean out here thoroughly!
To really find out which magazines are important to you, it is best to first cancel all subscriptions. The magazines that you then buy in the kiosk are ultimately the subscriptions that are really worthwhile for you. You prefer to invest the rest of the money in a canyoning adventure in Austria or Slovenia!
Saving in daily life - tip 10: move
Looking for a new apartment is certainly a cost-saving measure that sounds drastic at first. However, the rental costs are probably your biggest monthly expense and at the same time the area where you can save the most!
Often it is enough for you to look for a smaller place to stay or to move to another neighborhood. Even in the same city, you will sometimes find stark differences in rental prices. Keep an eye on the local advertising market, after all, moving house can save you several hundred euros a month. With it you can almost book yourself a great adventure at a longing destination like New Zealand, Nepal or Sri Lanka!
Before going on a trip around the world for several months, it is worth giving up your apartment and moving in with friends or family. If that is not an option for you, as you really want to move into your previous apartment after your return, you can look for a subtenant before you leave while you stay with a friend. More on that now!
Saving in daily life - tip 11: sublet
However, your apartment can fill your travel budget in another way, namely by sublet your apartment when you are on the move! Before you next go abroad for a longer period of time, you should find a subtenant.
This not only has the advantage that you have a steady income on your travels through the rent, but that your apartment does not stand empty for several weeks or months. For shorter trips or for a little bit of money in between, you can offer your apartment or guest room on AirBnB * as accommodation for other travelers. It's easy, straightforward and you get to know some interesting people along the way.
Saving in daily life - tip 12: become a non-smoker
If you are a smoker, you probably know that it would be much better for your body if you quit. In addition to the health benefits, non-smokers also have decisive financial advantages.
Depending on how many cigarettes you smoke a day, you can save several 100 euros a month! That's a lot of money that you can use to treat yourself to a short trip to Barcelona or Dublin every few months! In addition to your travel budget, your health will thank you too.
Saving in daily life - tip 13: sell a car
Another point that may seem radical to you at first: Sell your car! Whether this is possible and whether you can get by without a car depends on your individual situation.
In most of the big cities in Germany you don't need your own car and you are often better off without it! Using public transport not only saves you money, you never have to look for a parking space again. For longer journeys or in exceptional cases, there is also a car sharing agency or car sharing portals, such as Car2Go!
Saving in daily life - tip 14: ebooks instead of books
Are you one of those people who always have at least one book with them in their backpack? Then an ebook reader like the waterproof Kindle Oasis * could be worthwhile for you!
Ebooks are usually a few euros cheaper than the printed editions, so that, as a frequent reader, you can quickly get the purchase price of the Kindle back in it. You also have the advantage of having all your books with you wherever you go, without having to carry unnecessary weight in your luggage!
Saving in daily life - tip 15: buy a change box
You have probably already heard that it is best to use cash when shopping and not pay for everything with a card. Paying with real money will help you get a better feel for your finances and keep track of things.
For all the change that accumulates in your wallet, you can buy a money box. Every evening or every time you come back from shopping, you put all the change into your can. True to the motto "Small cattle also make crap", you will be surprised how much money is accumulated!
Saving in daily life is no magic!
Saving money is something that often seems out of date. But there are worlds between your grandma's sock and your new budget app! You don't have to put so many restrictions in your life these days to meet your savings goals. On the contrary - the motto is: many small changes that you hardly notice in everyday life, but which have a major impact on your travel budget for a long time!
All you have to do is learn to plan with your monthly income and make savings where it makes sense for you! You have plenty of opportunities to do so in your everyday life: whether it's your daily coffee-to-go, which you will always make at home from now on, your car, which you can actually do without, or your closet, in which half of your clothes are stored haven't seen daylight in months! There are savings opportunities everywhere, all you have to do is find them and implement your savings plan, and then you will have the full travel budget and your adventure dreams!
How do you top up your travel budget? Do you have any other great savings tips for us?
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