How can I save money for a trip in 5 months?

Set up a direct debit to your savings account This is money you are not allowed to spend until you go on your trip! By putting money aside each month, no matter how much or how little, you'll soon see your savings grow.



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7 Ways to Save for a Vacation and Tips for Planning
  1. Budget for your vacation early.
  2. Utilize cash back rewards credit cards.
  3. Earn extra money to pay for the vacation.
  4. Start cutting back on expenses – and put them toward your vacation.
  5. Get serious about budgeting your nonvacation expenses.
  6. Go on a “money hunt.”


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These are the tips we found that helped us to save most money for travel and follow our dreams.
  1. Don't Travel on Borrowed Money. ...
  2. Create a Travel Budget. ...
  3. Set up an Automatic Travel Fund Saving Account. ...
  4. Track Spending. ...
  5. Pay off Your Credit Cards. ...
  6. Get a Rewards Credit Card. ...
  7. Change Your Living Situation. ...
  8. Sell Your Things.


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8 Ways to Bank Extra Money for Your Trip
  1. Pick Up a Side Job. ...
  2. Sell Your Stuff. ...
  3. Make Your Credit Card Work for You. ...
  4. Cut Back on Your Monthly Food Budget. ...
  5. Use Your Car to Make a Little Cash on the Side. ...
  6. Make Money With Your Home. ...
  7. Spend Less on Your Workout. ...
  8. Find Deals on Outdoor Equipment.


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But for long-term budget travel, I usually recommend planning to spend at least $1500 per month. So that means to backpack around the world for 6-months, you should have at least $9000 in your bank account before you leave.

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How to save money for travel?
  1. Set your intention.
  2. Plan your travel budget.
  3. Set up a direct debit to your savings account.
  4. Cancel unnecessary subscriptions.
  5. Look for offers in shops.
  6. Limit online shopping.
  7. Save on energy bills.
  8. Give yourself a cooling-off period for purchases.


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