6 Ways You Can Minimize Things in Your Life to Travel More
If you’re reading this post, I feel qualified to make one assumption about you. That is, you want to travel more than you currently do. It’s a common sentiment. But work, money, and budgeting all hold us back from the fun life we want to live. It’s just the way it is… right? Well, maybe not.
If you can minimize a few things in your life, you may be able to travel more. Don’t believe this applies to you? Just read on. Here are 6 changes that you (yes, you) can make to work toward your goal of traveling more.
1. Review Your Budget
If you don’t already have a budget that accounts for every dollar you make, create one now. This will be the single biggest step towards living the life you want. You can use apps like Mint or YNAB, or you can use a simple ledger.
Your goal in reviewing this budget is to see which expenses are really necessary for your survival. This isn’t to say that you should cut everything else, but something does have to give.
2. Cut Unnecessary Subscriptions
Do you subscribe to any services you never use? Or maybe you barely use them. They may seem small, but when you start adding up all the little charges, they amount to a significant sum.
And yes, this includes the cable bill. If you can’t cut it entirely because you’re in a contract, consider trying to negotiate your bill. Services like Trim and others will negotiate on your behalf to determine whether you can get a lower rate on your cable, phone and/or Internet bill.
Every little bit really does add up, so go through the motions to see where you can cut corners.
3. Slash Your Entertainment Budget
If you’re eating out or ordering takeout once a week or more, it may be time to stop. Once a week may not sound like much, but if you’re a family of four, it can get expensive. Let’s say your restaurant check averages $60 every time you eat out. You know you could make that same meal for $30 or less at home. This means, avoiding one restaurant meal could save you $120 a month. And naturally, that’s money that can go towards your travel budget.
Evaluate Your Work Situation
There are a few ways to address the work-travel balance. First, let’s talk about the job itself. Does your company have an office in another state or country that you could work from? Could you possibly work remotely from another country and fly back once in a while for a meeting? Is there another career you’ve been eyeing that could help you travel more? Maybe it’s time to put those plans into place.
And if there’s nothing you can do about your job or work location, you may want to ask for a raise to increase your savings. If that doesn’t work, consider a second source of income. You can drive for Uber, run errands on TaskRabbit or become a personal shopper through Instacart. There are so many things you can do to increase your income these days, but they all require a bit of work beyond your 9 to 5 job.
5. Reduce Your Bank Fees
Doesn’t it seem like the less money you have, the more the banks charge you?
To start, check your credit score to see if it needs improvement. The worse it is, the more you’ll pay for any type of credit. Once your credit score is in order (or on its way), try to negotiate your credit card interest rates. And if you have a fair amount of high-interest debt, consider consolidating it with a lower-interest loan. The goal is to live debt-free so that you can travel the world with cash and peace of mind.
6. Sell Your Car
This one may sound extreme, but it’s the quickest and easiest way to make some money and save on insurance and gas. Alternatively, consider selling your current vehicle for a more affordable car that you can buy for cash. This way, you won’t have a loan to pay, and you may end up with some cash in your pocket. And make sure you get consistent service on that car to get the most for your money.
You can have the life you want, but it may take some sacrifices upfront. As long as you’re willing to cut back and make some changes, you should have no problem adding more travel to your life.