How to Find More Money for Your Travel Habit

Written by EJ Ray

March 1, 2021
Home >> Travel >> How to Find More Money for Your Travel Habit

Travel is one of the most amazing things that any person can do. When you travel, you expose yourself to new experiences and cultures, discover new places, and even get to know yourself a little better. Travel gives you memories and skills that you’ll use for the rest of your life. Unfortunately, it’s also one of the most expensive hobbies anyone can have. Whether you’re spending cash to drive half-way across the country, or you’re booking plane journeys, the cost of moving between places is quickly going to add up. If you want to live your life as a travel nomad, then you’re going to need a plan.

travel nomad

Being a travel nomad lets you enjoy freedom and an alternative work style. Photo by simonapilolla via iStock by Getty Images



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Know Your Options as a Travel Nomad

First, it’s always good to start out by doing the necessary research. Make sure you know what all of your options are when it comes to accessing money. If you’re traveling for something important, and you don’t have time to build your savings, then you might prefer to take out a personal loan from a private lender. This gives you access to the funds you need, without waiting.

If you’re not in a rush, then you can sit down with your budget and look for ways to cut costs. Budgeting so you have more cash to put into your savings each month should help you to fund some of your travel habits. However, you may have to compromise on other parts of your life, like how often you eat at restaurants.


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Increase Your Earnings

Unfortunately, most people can’t afford to have a basic job, travel around the world constantly, and pay for all their bills at the same time. This means that if you want to ensure you have plenty of opportunities to travel, you’re going to need to get some extra access to cash. Fortunately, there are ways you can do that these days. From renting out a spare room at your house when you’re away to working online for some extra money as a virtual assistant, there’s something to suit everyone. The gig economy and the digital world mean that you don’t have to race around town looking for a second job. You can even do some of your digital jobs while you travel.

travel nomad

You can find ways to take on extra work from wherever you travel. Photo by MangoStar_Studio via iStock by Getty Images





Be Frugal

Finally, even with a better income, it pays to find ways that you can be more frugal with the way that you travel. There are various ways to cut costs on your adventures. You could consider taking a backpack on every trip so you don’t have to worry about luggage fees, or traveling out of peak season if you have more freedom on when you can hit the road. Staying in Airbnb apartments and similar environments is often cheaper than hiring a hotel room for each night that you’re away. You can even think about things like whether you can reduce the costs of travel by flying to lesser-known parts of the world first, so you’re not paying the higher prices associated with tourist traps.

Afford a Travel Lifestyle

There are ways to afford a travel lifestyle, including always carrying on your luggage rather than checking it.

When you truly want to live the travel nomad life, you can definitely find great ways to save money and travel more. Be sure to check out Wander for more great travel tips.

 



Written by EJ Ray

EJ Ray is a traveler at heart. It is part of her soul and she loves to share her travels through her words. She has traveled the world, seeking great food, wine, and experiences. EJ was born in the Eastern US but has lived across the country and in Europe and Mexico. She also took to the road for a while, exploring from her RV. EJ always seeks the next great sip, bite, and adventure.

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