When the wanderlust strikes again, it’s easy to wonder how you can save a little extra travel money while still trying to pay your bills and make sure you have enough for everything else. The great thing about making very small money changes means that every penny you save can easily add up over time and be something extra for your travel fund.
Here are six money-saving tips for your everyday life and household.
- Make a List of Payments You Need
Instead of focusing on what you might want to spend your money on as the month goes along, work out the full amount of your non-negotiable bills and outgoings. Then, with what’s left, decide what you’d like to spare for travel savings or what you’d like to spend on other things for the month. Of course, you don’t have to save every single penny for travel, as even a little will make a difference, but it’s up to you how much you want to put aside.
- Go with One Subscription
It’s easy to have many different subscriptions, especially when it comes to TV streaming when certain series are only available with certain streamers. However, choose the one subscription you know you’ll get the most out of and cancel the rest. This can save you money every month while not compromising on having one subscription service you can still enjoy.
- Avoid Takeouts
Takeouts are where money can easily be wasted. You have extra charges like service fees and delivery costs, and you also might be spending money on takeouts when you have a cupboard full of food you’ve already paid for.
While takeouts are ideal treats, don’t rely on them too much if it’s simply because you don’t have the energy to cook. Instead, get into a better grocery and cooking routine and if you’d miss takeouts too much, limit it to making it a treat takeout once a month.
- Make Money-Savvy Home Improvements
This counts both for easier and cheaper home maintenance and if you’re looking to add value to your home if you’re planning on selling and using the extra money for travel investment.
You should try to save money on your energy bills by investing in home efficiency, like double-glazing. Also, try switching to minimalism to save money on home items and home upkeep. You can also reduce the amount of cost and maintenance needed for a lawn garden by switching to decking, like from St Louis deck builders, who offer a range of styles.
- Look at Downgrading Anything You Can
If you’re paying for utilities, subscriptions, and policies, is there anything you can easily downgrade for less money? Do you need the fastest, most expensive internet, or the most expensive insurance policy? Can you take a cheaper subscription for something you need, or can you get a better energy deal?
Always look at what you can downgrade to ensure that you’re not paying a lot more than you need to for the same type of service.
- Avoid Credit Cards
Whether it’s for ease of purchase or whether you reach for a credit card to buy something you like before payday, try to avoid using them altogether. You’ll always end up paying extra with interest.
There are ways to make cutbacks to save money every month without compromising the things you enjoy. However, for much more significant savings, it’s handy to think of your household as a whole, with things such as home improvements and setups with investments that can go far financially in the long run — meaning more for travel!