Here are the seven best ways to save money for travel
With the new year in full swing, it’s time to start working on those new year’s resolutions.
And let’s face it: we ALL want to travel more this year.
It’d be criminal to admit otherwise.
Lucky for you, we’ve got some fabulous tips on how to save those dollars so you can accomplish all your 2019 travel goals thanks to the thrifty folk over at The Global Work & Travel Co.!
1.SET YOUR SAVING GOALS
Just as you would when buying a house or car, decide how much you need for travel then set goals and periods to accomplish them.
Map out how much your trip is going cost and then break up the amount into smaller instalments that are achievable to save each week, fortnight or month, depending on your pay cycle.
Look for a savings account with high interest and add your money to this account as often as you can.
2. SET UP AUTOMATIC TRANSFERS
Once you have dedicated account set up, you have to fund it!
Set up an automatic transfer at regular intervals, this is easy to set up and can really add up over time.
A transfer of $50 week ($10 per workday) adds up to $2,600 by the end of a year.
3. APP SAVING HACKS
Apps do not just have to be time wasters…hello Instagram. They can also help you reach your financial goals. The Global Work & Travel Co. loves these budgeting apps:
Clarity Money helps you determine wise spending from wasteful spending. Using the target date you set it creates financial goals for you. It alerts you if you are spending more than your allotted budget and it can even cancel subscriptions you are not using! Aside from helping you control your spending habits, the app also enables you to lower your bills by finding lower credit cards. Pretty neat!
Qapital adds a learning component to the idea of saving money. Each purchase you make is typically an uneven amount. Qapital rounds that transaction up to the nearest dollar and then puts the spare change in an FDIC-insured account. You will just need to connect a checking account to the app. It also provides lessons on goal setting and the value of even small amounts going toward achieving a much larger goal!
Acorns – another great mirco-investing app that employs a team of experts to take your leftover change and puts it into an investment account, so your savings grow. If you are buying a cup of coffee for $3.40, the app will round that figure up to the nearest dollar, take that 60c, and put it into your choice of stocks.
4. SELL YOUR STUFF
Life is about experiences, not stuff.
Especially when your stuff can put cold, hard cash into your travel fund! Jump on Facebook Marketplace, Gumtree or Ebay.
Start emptying out your closets with the one-year rule – if you have not used/worn it in a year, sell it.
5. FUNDRAISE WITH FUND MY TRAVEL
Family, friends and even strangers can be so generous and every little bit helps towards your travel dream.
Crowdfunding travel puts a new spin on an old concept (fundraising) and gives anyone who wants to travel with a purpose a new tool to garner support (financial and otherwise) from their community and social networks.
The Global Work & Travel Co. partners with Fund My Travel, a platform to help send volunteers and students overseas to achieve their dreams and help those in need. Start a campaign, upload a video to introduce yourself and pitch your cause.
You have a maximum of 120 days to share your campaign and raise funds.
6. REDUCE YOUR VICES
Do you smoke? Drink or have an addiction to coffee? Whatever your vice, make a conscious effort to cut back and watch your savings soar!
7. CONTROL YOUR URGES
Credit cards, ATMs and online shopping make it easier than ever to spend money.
Especially on things we want rather than need; the extent to which we succumb to temptation typically boils down to our willpower.
Studies have shown that self-control is a bit like a muscle that tires out with use. If you see something you want, wait at least a day before you buy it – 30 days if it’s a non-necessary big purchase.
You might find the urge passes.
Another way of short-circuiting your impulse to buy is to work out how many hours of work the purchase price represents; chances are you’ll think the item’s not worth it.
Latest News
Australia fails to make top 10 destination list for American travellers
Australia's top cities have failed to make the grade with American travellers this northern summer, with no local city in the top.
APT Launches 2025 Asia Adventures
APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]
ANZAC Battlefield travel on the 2025 bucketlist
As Anzac Day dawns, agents prepare for a surge in bookings for the 110th anniversary of the Anzac Cove landings.
Former Channel 9 Getaway host and founder of TRIBE Jules Lund to speak at Travel DAZE
From blond-tipped travel reporter to Travel DAZE speaker, Jules Lund cuts through the BS.
HX’s Roald Amundsen finds aliens in the Antarctic
Forget whales, HX's MS Roald Amundsen captures aliens in the Antarctic - and they're not pretty.
Mayhem in France as 70% of flights face cancellation
I mean it wouldn't be France if there wasn't at least one strike.
Etihad Airways launches double-decker service with world’s only in-air three-room suite
We imagine falling asleep in the three-room suite is superior to falling asleep on your neighbour's shoulder.
Norwegian Cruise Line launches 2024 Europe travel season
Europe certainly has a lot of ports. Its time for Australia to up its game.
“The power of travel for positive change” – Intrepid’s Jenny Gray hails controversial all-women Saudi Arabia trip
There is an awful lot to love about this tour from Intrepid. Where do we sign up?
Princess names the Sun, unveils Sanctuary Collection + Star Princess to Alaska in ’26
A huge bottle of Veuve was smashed into the side of the ship to make things official. So no, we couldn't snag a glass.
Collette special offers across peak northern summer season
If you are craving a trip to Europe then grab this deal with both of your grubby hands.
Air India and All Nippon codeshare between the two countries
Here at TW we agreed that the photo would have worked better if they had swapped planes.
A&K offers minimum 18 weeks paid parental leave
Contrary to what the photo suggests this benefit is only applicable for humans. Back to work Mrs Jumbo.
NH Hotel Group rebrands as Minor Hotels Europe & Americas
Hang around the bends of the hotels. We imagine they will be full of a lot of branded content.
Scenic Eclipse II – the business of creating unforgettable life-changing memories
These cruise brothers from another mother offer a view of cruising on Scenic Eclipse II that is poles apart.
MSC builds new hospital ship with Mercy Ships
If you want to read a story that puts a smile on your face then this is the one for you.
“I peed on myself watching this” – Social media users squirm at Royal Caribbean’s Harmony of The Seas 55ft dive video
TW is not responsible for any involuntary actions your body might have after watching this video.
FLIGHT REVIEW: Qantas Boeing 787 Dreamliner business class
The real bonus is you're unlikely to be around screaming children. Hoorah!
Traveltek offers travel agents new rapid deploy cruise website
As always, if you have any issue with the platform, just turn it off and on again.
Experience whale watching & classical music at the Australian Festival of Chamber Music in Townsville
Disappointedly, the whales do not start singing in tune with the orchestra. Opportunity missed.
Fond, very Fond. London hotel famed for James Bond link adds ‘Classic Comforts’ lunch menu
James Bond author Ian Fleming was so fond if this hotel, it inspired the legendary phrase ‘shaken, not stirred’.
What sets Eclipse Travel apart with Africa expert Hilary Dubyk: Travel Weekly TV
If you want to know more about Africa, then Hilary Dubyk is your person.
Surge in Australians visiting Japan
Feel like all of your friends have just returned from Europe? Now it's Japan.
Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit
Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]
Sydney named 17th best place to work remotely
If you struggle to get a seat within Sydney's coffee shops, you now know why.
W Melbourne grows sales team
We appreciate the thought that has gone into this team photo.
Cunard welcomes new ship Queen Anne
This might be the most impressive ship handover in ship handover history.
Intrepid Travel appoints Yvette Thompson as general manager sales & marketing ANZ
It isn't end-of-day Monday and Yvette Thompson has already nabbed herself an impressive promotion.
Anna Fawcett re-joins Global Touring in newly-created APAC role
With such an impressive CV, Global Touring is no doubt thrilled to have Fawcett back.
“We know our response has been far from perfect” – Emirates’ open letter following Dubai flooding
If you also need to write an apology letter, then this is a pretty good template.
Malolo Island Resort opens brand new Spa
Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]
Virgin Australia’s HILARIOUS second instalment of the ‘Bring on Wonderful’ campaign
We don't use the word 'hilarious' lightly, but this is worthy of the title.
Visit Sunshine Coast reveals new brand identity
If you were looking for another reason to visit the Sunshine Coast then this is it.
Sofitel launches brand campaign starring Sex Education’s Gillian Anderson
We can confirm the content of this video is less spicy than Sex Education.
Holland America Line gives agents the chance to visit Alaska on 11-day Famil
If you've ever wanted to see a Polar Bear (and who doesn't?), now is your time.
More than 65 luxury agents gather in Sydney for Best of the Best dinner
This looks like a fabulous do. We imagine there may be a few (or maybe 65) sore heads this morning!