Financing a trip

Lately, I have been blogging a lot about my international trip earlier this year along with the experience of it. But I have not yet blogged about how I was able to fund a three-month international trip. I think it is time that I finally tell you guys as to how I manage to save money to travel. These three steps are what helped me fund my international travels.

Prioritize

In order to start saving any money to travel, I first had to prioritize on where my money was going. I had two categories on what I would spend my money on; unnecessary expenses and necessary expenses. Unnecessary expenses are things that I do not need such as subscription services, dining out, buying materialistic things, and etc. Necessary expenses on the other hand are where I have to spend money based on my needs such as buying gas for my car, credit card payments, groceries, and etc.

By prioritizing on where my money goes, I was able to save on whatever was left. This also allows me to focus on what was more important to me. I knew that I wanted to live a richer life full of experiences, and the only way I can get that is through traveling.

Save save save

We have been told to do this throughout our lives from our family and friends, from the news, and from the internet. To save money is a key discipline in order to not be in a stressful financial situation. I am very good at this discipline as I tend to not spend money on unnecessary things. As time went on, I had saved a sizable amount to fund my travels.

I know that it can be difficult to save money in general, but once you have the first step of prioritizing on where your money goes, it will make saving money easier. If that does not work, then remember as to why you are doing this in the first and for what reason. Doing this consistently will start to develop good money habits, and can help you stay on track to fund your travels.

Live frugal

This is where minimalism kicks in for me. I am the type of person that does not spend money unless it is absolutely necessary. I will continue to wear clothes or use items that are two years old or older, if they are still in usable condition. Living frugally allows me to control my expenses, therefore allow me to save more often.

There are times where I have to ask myself, “Do I really need to buy this?” More often than not, I no longer want to buy that particular item. It also feels good to know that I am a conscious buyer and do not mindlessly consume things that I do not need. I have practice this lifestyle for years, and I believe that it is possible for many people to do the same.

-Minh

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