How I Saved $13,000 For Travel In Just Seven Months

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How was I able to save enough money to travel long-term?  It had very little to do with being a travel blogger.  When I started Adventurous Kate, my goal wasn’t to live off my blog (not that I would have objected to that!) — it was to run one of the world’s top travel blogs.

My initial plan was to travel Southeast Asia for seven months.  I budgeted $1,000 per month (in retrospect, I should have budgeted closer to $1,500), plus airfare to and from Asia ($1,500), travel insurance ($800), gear ($700), student loan payments for seven months ($1,232) and some extra financial cushion ($1,500 — should have budgeted $2,000 or more).

My goal was to save $12,800 — which I dropped to $12,500 when I spent $280 less than I expected to on airfare.

I started with very little savings in February, having just paid off debt.  From February 2010 until September 2010, a period of just seven months, I managed to save that money.

I am going to be 100% honest with you and show you exactly how I did it.

On February 6 — incidentally, the same day Adventurous Kate went live — I started a new job as an account manager at a search marketing agency outside Boston.  My salary was $50,000 (up from $48,000 at my last job) and my take-home pay after taxes was almost exactly $3,000 each month, or $1,500 on each semi-monthly paycheck.

At that time, I was still saving up for the RTW trip I would take “someday,” or the apartment in New York City that I would get with my sister.  I decided to save aggressively.  It wasn’t until March that I decided to travel through Southeast Asia for seven months instead and to start in October.

boston-skyline-sunset-gallery

Monthly Expenses

My first task was to figure out my essential expenses.  They were as follows:

Rent (half of one-bedroom split apartment in Fenway, downtown Boston): $800

Utilities: app. $100

Student loans: $176

CharlieCard (public transit pass): $59

Gym: $90

Netflix: $10

Chiropractry: $80

Food: app. $300

Social activities and impromptu food purchases (bars, movies, going out for lunch or dinner, nights out with friends): $200

Miscellaneous Expenditures: $150

Total: $1,965

If I managed to watch my expenses, I would be able to save $1,000 per month.  If I changed my lifestyle, I’d be able to save even more.

Vegas Ladies

Changing My Lifestyle

I took a look at my spending and saw that I had a lot of ways to trim my expenses.  It was easy to eliminate things like trips to Vegas and cocktails at fancy bars with the girls.  The everyday things were much harder.

As much as it broke my heart, I gave up my gym membership.  This was the only time I have ever been in shape — I found a gym that I loved, a high-end women’s gym with lots of fun classes.  It was sad to give it up.

I stopped shopping at expensive grocery stores like Whole Foods and switched to the super-cheap Trader Joe’s.

I stopped dating.  I used to be on OKCupid and go on dates all the time.  While most of the guys insisted on paying for everything, I’d always chip in for our second round of drinks or more food.  That added up quickly.

I changed my social and food habits.  Instead of going out for dinner with friends, we’d go out for coffee or just hang out and watch movies at home.  Instead of stopping for a burrito on the way home from work, I’d have one of the Trader Joe’s eggplant parmesans I’d purchased.

And, most significantly, I decided to move home when my lease ended.  It made sense both financially and logistically and wasn’t a huge sacrifice, considering that my family lives just outside Boston.

My lease was due to end on August 31, which meant that my last time paying rent would be July 1 (as I had already paid the last month’s rent).  I expected the full security deposit back as well ($775).  After that, I could move home to either of my parents’.

NOTE: This is the part where a lot of people said, “Oh, she lived with her parents, that’s how she saved, the rest of this piece is irrelevant.” Dude. That was for seven weeks out of the seven MONTHS. I did it because my lease ended in August 31 and my trip started October 20. Was I really going to find another apartment and move all my stuff there for less than two months?

I was very lucky to have the option to move home. If not, I would have slept on friends’ couches and paid them for it.

Boston Marathon

Saving Cash

The very moment I woke up on payday, I transferred the money from my Schwab checking account to my HSBC savings account — my “travel account.”  I got paid $1,500 twice a month, on the 15th and on the last day.

I would allow myself no more than $500 every two weeks to spend on groceries, student loans, doctors’ appointments, everything.  On the 15th of the month, I would transfer $1,000 to my travel account.  On the last day of the month, I would transfer $100 to my travel account (accounting for $800 for rent and $100 for utilities).

If there was anything left over in my Schwab checking account on payday, I would transfer it to my savings account.  If there was $43 left on the last day of the month, I would transfer $143; if $27 remained on the 15th, I would transfer $1,027.

Keeping a maximum of $500 in my checking account at all times prevented me from overspending.

After July 1st, with no more rent to pay, I began transferring $1,000 from each paycheck.

haggis-hostel-working-gallery

Extra Income from Freelance Work

A few months back, I found a gig writing about Boston nightlife for AOL Travel, which I found on Craigslist. I wrote short posts five times per week and got paid $20 for each one.  After a few months, the job was eliminated, but they soon hired me back for a similar project.

Additionally, shortly after I started my new job, a former boss of mine came to me wanting to hire me for a project.  Talk about brilliant timing.

As a travel blogger, you shouldn’t expect to make any money for the first year — but there are exceptions. I was one of them. I started selling my first ads at about five months in.

Everything that was supplemental — everything from AOL, my side gig, or ads on my sites, went straight into my travel account.

I got most but not all of my security deposit back as well, netting me another $740.

Boston Swan Boats

A Day in the Life of Money-Saving Kate

6:15 AM: Alarm goes off.  I snooze for about 30 minutes.

7:06 AM: The last chance I have to jump on the D line if I want to make it to work on time.

8:30 AM: Work begins.  I hate my job and draw a notch at every 30-minute interval that passes.

1:00 PM: Lunch break.  I spend it taking an hourlong walk around town, stopping for a $1.29 wrap from Dunkin Donuts on the way back.

2:00 PM: Back to work.  I eat the wrap and the food I brought from home: a yogurt and an apple.

5:30 PM: Work over.  Time to head home.

7:00 PM: Home.  I have a Trader Joe’s eggplant parmesan for dinner and watch a bit of TV.

8:00 PM: Freelance work time.  Writing for AOL, working on the project for my old boss, working on Adventurous Kate.

2:00 AM: Collapse into bed.

Believe me, I know how unhealthy this schedule was.  I felt like I was losing my mind.  I spent my weekends sleeping and didn’t do anything but work during the week.  Which, of course, kept me from spending money.

I don’t recommend living like this for longer than a few months — but I am ultimately very happy that I did. I saved a LOT of money.  And because I was eating so little, I lost 20 pounds as well.

Lake Q Sunset

Moving Home

I moved home to my mom’s house outside Boston at the end of August.  Within days, she was horrified by my work habits and I immediately scaled back, going to bed at 1 instead of 2.

While I was no longer paying the $59 per month for public transportation, I was paying much more to 1) get my car back on the road, 2) pay my car insurance and 3) pay for gas.  Commuting by car from north of Boston to metro-west took an hour each way. I also paid my mom a small amount for rent and groceries.

Within a week of putting my car back on the road, my car broke down.  It turned out that it needed $900 worth of repairs.  I felt like crying.

I didn’t succeed in hitting my savings goals every month.  Sometimes expenses creeped up on me, and I didn’t always save as much as I had hoped.  But I kept going.

Purchases

I had a list of items that I needed to buy for my trip, which I did over the course of several months.  Buying some of the more expensive items in New Hampshire helped me save on sales tax.  Here is my packing list from that time.

Backpack (REI Venturi 40L): $100. (This backpack has since been discontinued. Today I use the Pacsafe Venturesafe 45L, $200, which is a million times better and still works great as carry-on.)

Sandals (Tevas): $40 with REI savings

Portable safe (a.k.a the most important thing I pack): $70

Toshiba Netbook: $400

Sneakers: $85

Little items: everything from solid shampoos from Lush to tank tops from Target.  Estimated $200.

Six months of travel insurance: $400. I use and recommend World Nomads. Do not scrimp on this. If you get seriously injured and need an air ambulance to another country, it could save you and your family hundreds of thousands of dollars.

And then came the biggest purchase: my plane ticket.  I spent a lot of time looking at different routes and timetables on Kayak — Boston or New York to either Bangkok, Hong Kong, or Singapore.  Finally, I found a round-trip ticket from New York to Bangkok on KoreanAir for $1220.

(Looking back, I shouldn’t have booked a round-trip ticket.  I ended up getting it only partially refunded because I chose to fly back via England instead.)

Kate's Backpack

And Then I Left

My job couldn’t have been a worse fit for me, and I knew within a few days that taking it had been an enormous mistake.

My original plan was to work until October 15, saving up the maximum amount of money before departure on October 20.  But as time and those little notches added up, I told myself that I didn’t have to last quite that long.  Maybe October 1 would be okay.

But on the morning of September 14, I had had enough.  I picked up my belongings and simply walked out. I drove a few blocks away, parked, and emailed my resignation from my iPhone.

I drove myself home and got back to work immediately — on Adventurous Kate, my labor of love and new (if scant) source of income.  I told myself that I would need to make about $1,500 in advertising over the next eight months to make up for the lost income from leaving my job early.

And there you have it!

By the time I left on October 20, 2010, I had saved just over $13,000.

Kate in Bangkok

Kate’s Tips for Saving Money for Travel

You don’t need to make $50,000 a year and have a few freelance jobs to save money quickly and dramatically. The single most important thing you can do is as follows:

1) Start a savings account strictly for travel expenses.  Pledge not to touch it until you start traveling.

2) Calculate your monthly expenses and figure out where you can cut back.  Figure out the bare minimum you need to live, giving yourself a small cushion (around $100-200).  Calculate the difference from your monthly paycheck.

3) The moment your paycheck comes in, deposit the ENTIRE difference into your travel account.  DO NOT touch your travel account.  Will you run out of money?  Not if you’re careful.  If funds get low, spend a few days eating lentils and watching TV and going for walks until you get paid again.

As for unforeseen expenses, like my car repairs and higher-than-expected bills, I put them on my credit card and used my next paycheck to pay for it instead of taking it out of my travel savings.

Saving money is not easy.  It takes work and it takes sacrifice.  I lived a very difficult life for several months.  But it was absolutely worth making my dreams come true.How I saved $13,000 for travel in just 7 months | Adventurous Kate

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185 thoughts on “How I Saved $13,000 For Travel In Just Seven Months”

  1. Hey Kate! Love the transparency of your finances here! I made the leap into the Nomadic life 7 months ago. Did 4 months in Nepal, then backpacked India for 3 months, currently in Bangkok. To be honest I quit my career, and left with about 4k in the bank. Most would think I was nuts. Of course I wwooffed and traded work for room and board, then shared India expenses with the GF so it worked out. But now I am in Bangkok and watching the funds go crazy fast. So I am heading to China, for some work and have also been freelance copy-editing, and web editing. to make some funds! There always seems to be money on the road once you put yourself out there. It’s tough budget backpacking for long periods of time. SO my big question is you started making money on AdventurousKate before you left your job and such? Were you sending requests to advertiser or where they coming to you. Where you working on SEO like crazy to spike your traffic in order to pitch you sight to advertisers? And if so where were you pitching, and where were you finding potential advertisers? Have you done any write ups on this, or can you point me into the direction of an e-book of some sorts? I know there isn’t a magic formula, hard work, time, and hitting the right niche, and writing quality content that people want to read are all factors. Just would like an idea of what to do, start out on the right roads, doing the right things for a blog.

    Thanks for all the great info Kate, you and the rest of the digital nomads inspired me to quite my life back home and follow my dream, and I started in India and Nepal without every stepping foot outside of American soil before! So keep doing this for others like me if not for anything else! I have never looked back! 🙂

    Cheers!

    1. Hi, Ciaran —

      I mentor bloggers privately, which is where I am transparent. The truth is though, I don’t recommend people make money the way I did when I started out — the landscape has changed significantly since then.

  2. when i decided to quit my job and take a year and half off to travel, i got work visas for the places i was visiting. i was a server everywhere i went. when i arrived in various places, i would stay at a hostel until i found employment (which usually didn’t take more than a week or two) and then found a place. that way i was making money and had a flexible schedule to where i could manipulate it so that i could take 4 days off in a row (2 days at the end of the first week, and 2 days at the start of the next week, so i still was working 5 days making money). i would always pick up an extra shift if it came up.

    it was a great experience getting to know the locals and being able to travel to so many other places. for instance i worked in australia for 6 months. while i was there i traveled to new zealand, thailand, japan, china and then rented a camper van and did a long road trip in australia when i was ready to leave. you get to learn about the places you’d like to visit too by listening to my co-workers’ tips.

    i would highly recommend this route as well.

  3. Hey Kate, awesome post!

    I have a question for you: Do you have a smartphone and international data plan? If so, what do you use?

    I’m gearing up to quit my job to travel and am realizing how expensive international data plans can be. I have a cheap unlocked flip phone that I’ve used in multiple countries by purchasing diff SIM cards, but I’d like to have GPS capabilities…

    Thanks so much!!
    Christina

  4. Great article. Thanks for sharing this. Lots of people ask about how a RTW is possible and it is. It’s a lot of hard work but the pay off is worth a million fold.

  5. What a very honest post. This is the time of thing that people wanting to go traveling are looking. You did well!

  6. It’s fantastic to see the figures laid out like this, great post Kate!

    I have to say, I know exactly what it feels like to save money relentlessly and have no life, as it is. My second time overseas, to the UK, I saved like a madwoman. I was getting paid $500 a week and transferring $400 of that immediately into my travel account. Living at home, not having a car, having zero social life, and eating very little food certainly worked. It wasn’t fun. But I got there, and had the most amazing time, that trip was the greatest thing I have ever done.

    Now though, I don’t have a job. I’m applying for everything under the sun, believe me. But I do have a debt, and have to pay that off before I can travel again, my sole purpose in life. It feels hopeless without a job, and whilst I have no idea how you become a travel blogger, I have to say well done!

  7. I love how detailed the post is, and that you get up at 6 am every morning ;), I too love those early mornings when you can really get some good work done.

    I think food and social habits are one of the most important parts to save money.

  8. Great article. I think we use about the same amount of money on travel :). I actually dont use any coins at all and it goes into a travel fund in addition to my normal travel fund. It adds up to a nice 300 or so extra dollars every 6 months.

  9. Love this blog, so interesting..i am an early retirement and passive income specialist in Ireland and i am in the process of setting up a website explaining little investments that net you $1,000-$2,000 a month. I am off to Europe for the summer which isn’t the cheapest but i love it…i will keep anyone who is interested posted…keep up the good work Kate…

  10. I love this post. Lots of great insight and tips. The hardest thing for me is ALWAYS keeping up with my expenses and finding that money to save (it’ll take a while) when I’m living on a teacher’s salary at maybe $1600/month and you have to factor in rent, food, utilities, car payment (and it’s a fairly low payment), student loans…

  11. Congratulations on your accomplishment.

    Interesting comments about giving up dating. I think this is one of those big objections for so many young travelers. They just can’t get over it, as if they would sacrifice all of their life’s dreams to keep it going. But interestingly enough, I think many people who go overseas find that the patch of dirt they were born onto isn’t the best one for them. And that includes finding love overseas. You never know how much better things could be if you never give it a chance – and take a chance.

  12. Just went through the entire article and I find tears in my eyes, seriously, touched by how driven you are and how good is your follow-through. Comparing to people who squander hundreds on drinks to be “fabulous”, you saved everything to chase your dream. Kudos to you! On the other note, this is a great article to teach people how to save. so whats next?!

  13. Hi Kate
    Great article.
    I’m planning my next trip to S E Asia.
    So what was your total budget for the 7 months? $16,000 ish?
    Have you got a log of the route you took?
    Any advice on what are the biggest costs to avoid or try & get cheaper.
    Thanks
    Sarah

  14. What an awesome post…so glad I came across it. I have had this wish since I studied abroad and always wondered how people did it. The ones that you meet at hostels and they are just traveling for oh 6 months. I think I’ve always known, especially having a similar lifestyle in Boston that you had, that you have to make some choices. But it obviously was worth it for you!

  15. Brilliant post thanks. Some other ideas: getting a cheaper phone contact or not upgrading your handset, cooking up a batch of food and freezing it so you can still have a meal to microwave when you’re in a hurry, cycling/walking instead of taking the bus, moving into a shared house, buying clothes second hand, storing belongings in someone’s attic instead of paying for storage and shopping around for the cheapest deal/ doing your research so you don’t make a bad purchase that you then have to pay out more to sort out. Thanks again. You are an inspiration x

  16. How do I top all the other highly complementary comments to this story? I can’t, but I can say thank you for being so open about how you did it. I love your honesty and, as I have mentioned before, your quite beautiful style of writing!

    Quick question: How do you handle things like travel, health and rental car insurance on your trips? I’m planning a trip to South Africa (my home country) and the whole insurance thing is freaking me out!

    Thanks,
    Allan

    1. I appreciate that, Allan!

      For travel/health insurance, I use IMG because it covers me in the US as well if I spent less than six months in the US each year. For property, I use Clements. I don’t find that I need travel insurance beyond health and property.

  17. Great story! I think the real reason many people say they want to travel but never do is because they aren’t willing to make any sacrifices in the short term to meet their long term goals. I love your honesty – it can be hard to save money sometimes, but a little goes a long way and is worth it if you get to live your dreams through travelling! Hope the $13,000 went to an amazing time overseas! In addition to saving money, here are my 5 secrets on how to take a year off to travel: http://girlgonegallivanting.com/5-secrets-on-how-to-take-a-year-off-to-travel/

  18. Great post. I did a similar thing a few years back when I was moving to study in Japan for a year.

    I don’t know if you can do this in the States, but in Australia, you can apply to the Tax Dept to have your tax adjusted. I planned to leave 3 months into the financial year and that meant my annual salary was under the tax threshold. That means hundreds of dollars extra a week – tax is high in Australia! Sure, I’d have got it back in my return anyway but it would have been sitting in the government’s account earning interest for them instead of in mine earning me interest.

  19. This is such a great post – really helpful to me, an aspiring full-time traveller! You have inspired me to make one of my own in the future…

  20. ooh yeah nice pic with the front pack going on.
    one can do a ton of stuff with credit cards now and sign up offers to travel fairly often with points. i build an engine on my site that takes into account award charts and currently available points offers – even just with one new credit card at the moment it’s possible to travel even business class to japan or europe etc.

  21. Hi Kate

    I have only just discovered your blog today. While working a rainy public holiday in New Zealand, just 6 short weeks away from embarking on my own travels.

    I must say, I am absolutely gob-smacked at the similarities you & I shared when it came to saving for our travel. We were paid the same amount, saved the same amount, both landed an expensive car bill and were sticking out jobs which were far from ideal. Its nice to see that someone else went through the same few months I did. Your blog is inspiring & after reading a few articles I have already learnt some valuable tips I can take with me (one of my destinations is New Orleans! those photos are amazzzzzing!).

    Anyway that’s all from me!

    Your new Kiwi fan

    Jo 🙂

  22. This is great, we are saving up at the moment for our trip. Hoping to save enough for around 8 months in asia before working for a year in Aus or NZ (or both!) before heading off to south America for 6 months and hopefully the US if we save enough/ make enough on the road. It is hard at the moment with still being a student and working part time but I am managing to save £200 a month. Hopefully when I graduate in September I can work full time and save twice as much! 🙂

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  24. Kate,

    I am currently saving up money for travel in Southeast Asia, and I thank you so much for this post! I am glad to see that making sacrifices such as living at home, and limiting spending is so worthwhile in the long run. Thanks for the inspiration and keep up the amazing work!

    -Katie
    http://www.worldwidevegetarian.com

  25. Some good tips. But-26 yrs old, single, and making $50,000. I never made that in 37 yrs of professional career (retired in 2010). I would HOPE you’d be able to save something!!! And –you moved back home. Lucky you.

    1. $50,000 might seem like a lot, Millie, but Boston is one of the most expensive cities in America, and salaries are commensurate with the high cost of living. For example, you can’t get a one-bedroom apartment in the city of Boston (excluding Boston’s most dangerous neighborhoods like Mattapan) for less than $1200 per month.

      I see that you’re commenting from Montana, where the cost of living is SO much lower. I never would have made $50,000 dollars doing that same job in Montana, that’s for sure!

      As for moving home, I did that for the last seven weeks. For the first five months, I stayed in my own apartment.

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  27. Glad I read this. As a would-be-newbie traveler, I found your blog through a Google search on newbie travelers, tips for beginners, etc.

    I’ve never traveled abroad but plan to do so beginning Summer of 2015 and I did half of what you mentioned above. My salary isn’t quite as high as yours was, but I started planning financially and the first thing I did was open a savings account dedicated to JUST travel funds. I am a college student who is not living at home and I am working two jobs just above minimum wage, so the money I am stuffing into my savings account is not quite as high as you had mentioned, but given that I only opened the account a week ago, the money I have already stuffed in there is quite impressive for what I could put forth.

    It has been tough cutting back on my lifestyle — I even quit smoking — but it’s good to know that there are others who are suffering from the same bittersweetness, so I don’t feel as alone. 🙂

    BTW, I plan to travel to a different country every summer after next summer! Tips are appreciated.

  28. You really did it hard core. We did similar thing, but still let us enjoy our daily life in London (our home for 4 years).

    But putting most of the money into savings and let yourself a limited entertainment amount is an effective step towards saving. We let ourselves 200gbp for pubing, eating out and occasional theater tickets.

    Make sure you do not put yourself in danger with eating so little.

    Good job of getting blogging as a full time thing.
    Take care

  29. Hey thanks for the great article! It definitely makes me feel closer to my long term travel goals. I have a questions though. Aside from your travel savings account, did you have another savings account for when you got back to the US? How much money did you plan on having once you got back from your travels?

    1. I kept the travel savings account as my main savings account (and still have it today). I would transfer $1000 at a time to my checking account during my trip; the remainder would be in my savings. I had money there when I came home.

  30. Sounds very good and a plan that works for you. I just wanted to address the problem that persons who live in a poorer countries have. Here in Bulgaria we earn an average of 400-500 euros a month so it’s pretty hard to save a lot for long travels. It’s almost impossible to put aside 1000 a month whatever you do.

    Your tips still work in this case but it’s hard to save a lot, that’s why I, for instance, have to settle for short, weekend trips to close destinations. But I will work hard to find a way to save the money for my great journey and your tips are very useful even though it’s hard to follow them in my case. Thanks for the transparent post!

    1. I totally understand that, Maria. That’s why I put in the post that even if you don’t make the same amount I do, using these methods will help you save more than if you try saving without direction. Have you thought about going to Macedonia? It’s close to Bulgaria, has low prices (I found it cheaper than Bulgaria!) and it’s a really beautiful country.

  31. I love this. We live as cheap as possible (no smart phones, from-the-garden dinners, 10 year old cars, 10 year old laptop!!!) so we can travel. I cannot afford to send my kid to John Hopkins (where she wants to go), but I can show her the world.

  32. Great story (well done!) and great tips too Kate 🙂 I used quite a few of these before hitting the road this June – especially transferring money out of my current account to my travel savings account – I even set up a direct debit for it! 🙂

  33. I stumbled upon this post a few months ago and at the time didn’t think too much about it. Two months later and here I am, tracking my expenses every month and cutting back on any excess spending, all with the goal of having at least $10,000 to head out into the world and go travelling! I also 7recently started my own blog to start an online community of people with a similar interest in travelling. Thank you for being such an inspiration, this post really helped me set my priorities in line!

  34. This is still the greatest post on your site!

    I read this just over a year ago and in that time I’ve managed to save $34,000 AUD for travel while studying full time. I’ve been working 30-35 hour weeks while studying full time so totally understand crazy work schedules to achieve your dreams. I’ve been helped by the good Australian wage and the help of my study scholarship of $6000 that gets paid in cash but it has still been hard! Social life has almost totally dissapeared except for the couchsurfers that I occasionally host.

    My trick is everytime I feel down about not being able to spend money I’d go and buy one small item of gear for my trip. It’s retail therapy but it’s apart of my travel budget anyways so I don’t have to feel guilty about it! That and getting a nanny job with a very independent 8 year old boy- getting paid to study while he studies, and getting to eat dinner with him every night has reduced my expenses big time!

    I figure it’s all going to be worth it when I set off!

  35. I really love this because I really need to improve on spending money if I want to travel more in my life. I was lucky enough to travel around Europe, but there are many places I still wish to go. This was a good example for me to compare myself to. I also like the idea of using a travel account, not just a savings account!

  36. This is really inspiring and helpful because I am not the best at saving money!! This gave me some great ideas, especially creating an account just for travel instead of putting money in savings and using it for travel as well. Thanks!

  37. $50K income with no kids to support. Probably 8% of the readership enjoys these two criteria. I’m glad you had the time of your life traveling. Now how about posts on vacationing with a $35K salary (me) or $45K income with two or three kids (Just about everyone I know)

    1. I love it when people immediately dismiss this post as irrelevant because they don’t make $50k per year. If you follow the specific tips that I outline in this post, you’ll be able to save much more money in a shorter amount of time than if you didn’t have a plan. That’s the case no matter how much money you make.

    2. Hi there, I am based in the middle of Europe, year income around 11K USD, sure we have lower costs for living, but in case of saving for Asia trip, it makes a huge difference between your and mine income. Cost of living in Asia is almost same as here and i still find those advices useful, even it ll take me longer time to save at least half of the amount. So, stop complaining and start saving:)

  38. Great post! People like you inspire so many to follow their dreams and make them a reality. Step by step budgeting is so crucial to getting that message across. My girlfriend and I were blessed with no student debt and both had jobs. I took advantage of a new job opportunity knowing I’d leave it in a few months just for the money, while convincing my old company to keep me on as a contractor. We were able to save $60,000 over a 6 month period and our goal was 30,000. So excited for te opportunities as we leave next week! Anyone know of good real estate investment opportunities in SE Asia?!

  39. This was very helpful! I’ve been saving up money for a year long trip and it’s amazing how much money we waste on little things, like a daily cup of coffee, eating out, and taxis. All things we’ve eliminated when we started to save.

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