If you look at your bank account right now, and you don’t have the funds to buy a flight + hotel + plane ticket, you wouldn’t think twice about traveling, right?
This is probably the main reason why people just don’t travel.
Let me put this more into perspective…..I’m going back to America for the first time in April. So, at the beginning of January, did I have ALL THE MONEY NEEDED for the travel in April? Probably not, but anticipating salaries and savings was one of the first things I did. At the beginning of January, I bought a Singapore Airlines Ticket (BKK-SIN-TOKYO-LAX) and the RT was included; ticket was cheaper than all USA Airlines (such as as United, Delta, and American) at just under 900$ USD.
Now, did I buy the plane ticket from LAX-PHX? No. I waited. I knew I was getting paid again in February; however, I bought the RT ticket a few weeks later just to clear all flights.
If I had to stay in a hotel (which I will because I have a 9 hour layover in Singapore), I can book the hotel in February instead of January, right? You don’t have to book everything at one time, people. Book slowly leading up to the travel.
You’re going to have to set aside a budget. I talk about this a lot in my podcast how I save 66% of my salary by wire transferring to my American bank account.
Living here in Thailand, no more than 30000 baht (equivalent to 1000$ USD without the crazy currencies happening) is needed. This also restricts me from going out (I don’t like spending money on nightlife here in Thailand). Therefore, I save between 1000-2000$ USD minimum from my priority job A MONTH.
Now a lot of my American friends and colleagues understand why living in Thailand is wonderful. If you’re able to save that much per month and take rampant trips throughout the year, would you? Rather than spending 1000-1500$ a bills and only having a fraction of your money left?
This year, I have a monster trip (probably the biggest trip of the year) heading back to America in April. I have a small, three day trip for a competition in Singapore in May. I have Hawaii/Fiji in July, Malaysia/Bali in September or October and Melbourne, Australia for Christmas & New Years Eve. Now, do I have enough money for hotels, flights and spending money for all of the trips right now? Obviously not (although next year will be a massive change), but I book little-by-little over time. I know when I come back from America, I can buy my Singapore Airlines ticket and two-night hotel for Singapore instantly. I know my Hawaiian/Fijian plan ticket will be booked in May, and the smaller trips leading up to the end of the year can be booked on the go.
See, not too bad, right? Book slowly overtime. Having the full money now may be impossible for a lot of people out there, but if you book little-by-little over the course of three months, you can hit off the travels!