Tips on Saving for a Trip
Last Updated: 22nd May 2013
Based on the Contiki Forums Topic Personal Loan or Hard Saving..?
Save on Tour Costs and Flights
- Shop around for the best deals for airfares etc You would be amazed at how much prices can vary. Get quotes and do your sums and book early for the most inexpensive tickets, also departing/arriving between Tues-Thursday will cut the ticket cost.
- Try and not go in peak season (from June till the end of August & December/school holidays)
- Check for deals from both Contiki and travel agents.
Tips on Cutting Down Costs In Order to Save
- Cut back on going out…movies,pizza,drinks anything you can think of – a night at home with a DVD and friends is a lot cheaper (and sometimes more fun) than a night out at a club.
- Make a weekly or monthly budget (depending on when you get paid). Work out how much you think your trip will cost including spending money and then work out how much you need to save per week, and stick to it.
- Bring your lunch to work and don’t eat out.
- Cut down on little luxuries (for example: Starbucks – only one or 2 small cups a week, saves loads of money).
- Buy Generic
- Everytime you see something you would like to buy. Stop and ask yourself is it a want or a need. If its a want you can do without it. If its clothing which is your weakness ask yourself if this item can match with 5 different things you have in your wardrobe if it doesnt it is not a smart purchase.
- Saving is hard work! Reward yourself when you reach big milestones (ie your first $2000 etc) otherwise you will get bored very quickly.
Getting Money Together
- Pay extra on those credit cards you can always use them for the trip as well
- If your vacation time happens to fall around a paid day off take advantage of it.
- If you have a birthday, christmas, graduation or other event coming up ask for cash for your trip instead of presents – it’s a big help.
- Get a high % payback savings account to gain interest or an investment bank account where u can out money in but only take it out if u go into the bank. Put anything extra in your bank account after you get your paycheck into your savings.
- Try not to take out a loan – suck it up and save save save! – If you want to get a loan ask your parents and swear to them that you will pay them back monthly payments its easier to pay your parents back with no interest than to pay a bank. Parents are usually more lenient if you are late. Make sure you can, will and do pay them back though!
- Anything you haven’t used in over a year, sell it on ebay.
Add a Comment Comments (111)
The tips are very useful, especially the discount airfares. I have also observed lot of variation in airfares for same distance or destiny. The first step for preparing for a trip is to choose right airways company for best prices. Thanks for the Article.
I love these tips! I know I’m going to start using them immediately.
One of my friends had the best saying, and it’s become my savings mantra….Do you want that bagel now, or the baguette in Paris? I think about that – do I really need that pizza? Is that watch a want or a need? etc.
I fairly like studying through a submit that can make men and women think. Also, thanks for making it possible for me to remark!
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i love this these tips. Keeps me motivated all the time!!!
Nice article, because in my research – cost is one of the biggest issues and reasons why people can’t/don’t travel even when they really need to!
great ideas. lookingofrward to Europe in March2012
I’ve been selling a lot of the things in my house that just sit around collecting dust. Selling a tapestry to a friend for $20, an extra guitar for $60, and an antique glass collection for $100… I’ve saved quite a bit so far, and I’m ridding my home of the things I don’t use :)
I am not a very good saver but I am heading to New Zealand in under a month and I have reached my goal for spending money already…my secret was that I got a travel money card through my bank and transfered money every week onto the card and in New Zealand Dollars so i couldnt use it.Hope this helps and also the more time you save for the easier it gets and you start wondering what you spent all your money on before hand.
I took an extra job. It was part time only two days a week. I made it simple for myself I had that job put money into a saving account. I never touched the money until I had enough to go on my trip. It was great because I never missed it from my regular money. I also knew exactly how much I have to spend while on my trip.
That bit about clearing your credit cards is great too, because sometime your debt card from back home doesn’t work in other countries.
oh my word…no! rather oh my goodness…i totally love the advice. i guess it is perfect timing to actually start saving for the european highlight tour for june 2012. thanx…you are trueally remarkable :) favorite website thus far (smilling)
Thank you for the tips. I just wanted to say that after fallowing them I saved over 1000$ for my future trip to Europe. This website is amazing, and I hope I will be able to use every bit of information :D Thank you for your endless work in giving us good tips and deals. :D
love the idea of cutting out pictures of where your going,visualising where you are going is great especially when you get the urge to go out drinking,seriously very hard thing to do in Ireland trying to stop going out.my tip is to write everything down that you buy in a diary and i mean everything and ull see there a lot of crap you dont need to buy. Another tip a house party,preferrably not your house and get drink from shop,much cheaper and still fun : )
Thanks for the Tips everyone they are Very helpful. Wish I would have read these tips earlier I have less than two months to save = (but I will try my best. I have already taken credit cards out of my wallet. I have also put away any change I get back when I make small purchases. I am Also involved in a SUSU (its a agreement with trust worthy pplz where u give $100-$200 every pay week and have an amount of pplz involved in it. Depending on what number u r u get it all back when it gets to your number) this obligates me to take that money out of account before u do anything else! We do this until the end of the # is up. I have about $800 to look forward to! Don’t know how much money I should expect to save since I’m doing the 9day Italian espresso?!
Hi guys, I am doing a London to Athens trip in September and am desperately trying to save. A few tips that have helped me along the way is by withdrawing cash as spending money (say $150.00) for the week and then leaving the rest of my wages in the bank. I’ve taken my cards out of my wallet and put them in an envelope with all my other travel stuff. Another thing that is helping me at the moment is by paying my savings directly to Contiki. This will ensure I get my trip paid off in time.
When tempted to buy something in a store, I always ask myself whether I’d rather buy it from here, or wait and buy in in London or Edinburgh. Then, if I resist the urge to buy it, I go home and transfer the amount of that item into a special, high interest account!
Not only does it stop me buying it (most of the time) but it also gets me excited for my trip and urges me to save! It’s incredible how quickly it adds up!
I recently picked up a second part-time job, 10-15 hours a week and that paycheque goes directly into an account i created specifically for travelling. I use my main paycheque to pay all my bills, plus every week $20 gets transferred to another account and everytime I use my debit $1 gets tranferred. It’s amazing how fast all of these things adds up!
Also, for my birthday I asked for pounds, this way I am guarenteed to not spend it before I go away!!
I have a 32 Day Notice Account which i use to save for my holidays. That way u cant take little bits of money out. when i get paid i put in a fixed amount every month and at the end of the month whatever i have left gets put in there too. By august 2012 I’ll be going on one of the european tours. still deciding which ones :-)