When your mother warned you to have everything in moderation, she wasn’t referring to travel.
Travel is the one thing that you’re allowed to enjoy gluttonously. And yet, many of us don’t travel as much as we’d like.
Luckily, more travel doesn’t have to include making more money or choosing between responsibilities. In a few, simple steps anyone can increase the number of trips they take.
The key is to make travel a priority and treat travel expenses like any other bill. Here’s how:
1. BETTER BUDGETING
Add travel to your budget. This does two things:
1) It sets travel on the same level as rent and food. Right where it belongs.
2) It takes away the need to use credit to fund travel because you set aside a portion of your income for travel.
Including travel in your budget means you don’t have to shuffle money around or make sacrifices when you get the opportunity to take a trip.
2. NO COMPETITION
A low bank account means you may have to choose between saving for future travel and watching a movie tonight. Instant gratification usually wins.
With a travel savings account, your travel money doesn’t have to compete with other expenses including bills and eating out.
You’ll have guilt free travel spending when it’s time to use your savings – just don’t dig into your travel fund for emergencies. That’s what the emergency account is for.
And, that’s an entirely separate post!
3. EASY AUTOMATION
According to new research, it takes 66 days of repeating an activity daily to form a habit. Seriously?
With automation, you’re using technology to do things that we don’t have the time (or will) to do consistently.
Automate the deposit into your travel savings account and forget about it until it’s time to travel. Easy as pie.
What’s yummier than that?
4. BETTER PLANNING
Once it’s time to plan you trip, you have a set budget of whatever is in your savings account. You aren’t depending on your credit card to fund your travel and you’ll know your spending limits up front.
This budget also teaches you to be flexible with activities on this trip.
Spending lots of money isn’t necessary to have a terrific trip. Use your imagination and other resources available including Airbnb and local’s recommendations because they increase chances that your budget will be successful.
The next step is to actually keep some money in your account – although the less in your account the more you’re traveling. And that’s a good thing.