7 Alternative Ways to Pay for Your Travel Lifestyle

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So many people never get to travel because they are convinced they can’t afford it. Instead of resigning to the idea that travel isn’t an option, modern-day wanderlust-ers are finding innovative ways to get their travel funds together. The truth is that regardless of your current financial situation, there are ways that you too can afford to travel.

7 Alternative Ways to Pay for Your Travel Lifestyle

Supporting Your Travel Habits

While it isn’t likely you’ll come into a sudden windfall that will allow you to travel to your heart’s desire, you can make certain choices to help support your next trip. If you are curious about finding alternative ways to invest in traveling, read on.

  1. The More You Save, the More You Travel

Getting into a money-saving mindset will help you reach your travel goals much faster. Find out how much money you need to spend on your next trip, set up a savings timeline, and work towards making that deadline. What you avoid spending now can be used for your travel adventures in the near future.

  1. Earn Reward Points

If you frequently travel on business, you can earn reward points that you can redeem through airlines and hotels. This will help you offset a significant amount of your traveling costs when the time comes to buy plane tickets and book hotel reservations.

  1. Refinancing a Personal Loan

Personal loans can act like a weight around your finances by sucking money out of your wallet each and every month. This makes having available funds for travel very difficult. Higher than average interest rates are normally the culprit in making your monthly loan payments so high. A great option to free up more monthly cash to use for travel is to refinance those higher interest loans such as your mortgage or private student loan.

  1. Rent Out Your Home on Airbnb

While you’re busy looking accommodations for your next travel adventure, give some thought to the idea of renting out your home on Airbnb. Whether you start now by renting one room or you rent out your whole house while you’re away on vacation, you can earn a lot of extra money through Airbnb.

  1. Spend Less Money

When looking for travel destinations, consider going to places where your currency is worth more. This allows you to still have an incredible vacation while actually saving more money than you would elsewhere. Similarly, try to spend less as you prepare for your trip. Look at your budget and daily spending habits. Find out where your money is going and put a stop to unnecessary spending.

  1. Find Cheaper Plane Tickets

Plane ticket prices are always fluctuating. Instead of paying top dollar for your next flight, do your due diligence and find the cheapest flights you can. By scanning sites like Kayak, you’ll be able to monitor any price changes and wait for the pricing to go down. Once you see the best deal, go ahead and purchase immediately. While this means you’ll always have to keep an eye out for pricing, you’ll be able to find the best tickets this way.

  1. Look for Cheaper Accommodations

Hotels are the priciest options when it comes to finding accommodations during a trip. Instead of looking for a hotel room for your next vacation, consider alternate options. With the likes of Airbnb and her similar sites, you’ll be able to save a fortune on traveling just by cutting back on the price of accommodations.

 

Don’t buy the lie that you can’t afford to travel– traveling is for everyone. Use these seven alternative methods to help fund your next trip. Whether you’re traveling five miles or flying halfway around the world, these tips are guaranteed to help you cut costs and have the time of your life.

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7 Alternative Ways to Pay for Your Travel Lifestyle

 

Thanks for stopping by today, I hope you have enjoyed this post.

Here are some other posts in my travel section which may be helpful.

*This is a collaborative post

 

1 Comment

  1. Emma C
    July 8, 2018 / 4:42 pm

    Great tips, thank you! Need to get a card that clocks up air miles I think!

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