Funding your next trip

Mohit Daga(@Mohit881923)

Traveler | Photographer | Co-founder of myroamingspirit

Anyone can find themselves trapped in a high-cost, materialistic lifestyle which makes them appear wealthy, but in reality stops them building sufficient wealth to become financially secure. I am not saying travelling would lead to saving money, not at all. Traveling costs money.

When someone doesn’t know what is important to them in life, it is more likely to lead to poor financial decisions, which can make happiness and financial security elusive.
You’ll make much better career, spending and investing decisions if you take the time to gain clarity about what a “good life” looks like to you"

Making a bucket list can often feel like daydreaming, especially with far-off destinations like Bali and the Maldives. Traveling doesn't have to break the bank, however, and even if you're living off a modest salary, here are the steps to take to reach your travel goals.

• Use cash to settle bills and not card- "Cash only" should be the mantra.  You’ll spend less when you use cash. This is a proven fact. People spend less when they use cash. It hurts for that money to leave your hand. It makes you think twice when you hand it over to a cashier. It hurts worse to see that money dwindle from your wallet.
• Build an emergency fund. It can make all the difference.
• Aim for short-term savings goals. Make a goal such as setting aside 500  bucks a week or 2500 bucks a month, rather than a longer term savings goal. People save more successfully when they keep short-term goals in sight.

Read More