So how do you do it?!
How do you actually save money for an around the world trip?
The idea can feel impossible at first, traveling the world sounds expensive, and let’s face it, most of us aren’t winning the lottery any time soon. But here’s the truth: saving for long-term travel is totally doable. People just like you do it every day, and they all find different paths that work for their budget and lifestyle.
So we narrowed it down to our favorite, tried-and-true travel savings tips to help you get started.
1. Map out your expenses
First things first, where the heck is all your money going?! So often we hear people complaining about their money situation, but don’t even know what’s going on with their money in the first place.
Do a quick money makeover and determine where all of your money is going in the first place. Think bigger than just bills! Think; all the drinks you grab with friends, getting your nails done, your hair done, brand name items you bought, how much you spend in groceries each month, and all of those little things that you don’t even realize are sucking up your money! Then figure out what method/s will benefit your budgeting the most!
You can’t fix something you’re afraid to look at, start with this one easy step.
2. Cut out Unnecessary Expenses
Yep, you guessed it! Next do a money cleanse! That gym membership you haven’t used because you have an apartment gym, cable TV, the coffee stop you make every day, the “date night” you have 4-5 times a week. Cut them out; if you want to travel long term then what are every day luxuries going to mean to you in the long run? Even start thinking of things that you could sell before you leave for your big trip!
3. The Envelope Method
If you’re someone who needs to see your money, this method might be your jam.
Break your monthly spending into categories, such as; groceries, restaurants, entertainment, bills, savings, and set that exact amount aside in envelopes (or Ziplocs, or even digital folders). Once it’s gone, it’s gone.
This simple method can be surprisingly effective if you struggle with overspending. It’s old school, but it works.
You can learn more about this method here:
https://www.ramseysolutions.com/budgeting/envelope-system-explained
4. Using Travel Reward Credit Cards (Responsibly)
One of our favorite hacks when figuring out how to afford world travel? Travel points and miles!
We covered our flights, plus a hotel in Hawaii, using just points from our Chase Sapphire card. But here’s the catch: only do this if you already have control of your spending. It’s basically the envelope method in card form.
Using miles and points can seriously boost your travel fund; think free flights, hotels, even cash back. If you’re disciplined, travel cards are one of the best ways you can save money for an around the world trip.
5. Spreadsheets!
If you’re the organized type, spreadsheets are your superpower.
Plug in your income, expenses, and savings goals, and track every dollar. This method helps you spot trends, reduce waste, and stay motivated. It’s also the best way to see how close you’re getting to your goal aka the ultimate inspiration when you’re itching to hit the road.
6. Find Online Work (Before You Go)
Want to travel longer or start saving sooner? Get a remote job or freelance gig while you’re still working your 9–5. That’s exactly what we did.
These days, you don’t need to be tied to a desk to make money. From writing and editing to virtual assistance or design, remote work lets you earn from anywhere with WiFi.
This is especially helpful if you want to work and travel your way around the globe.
7. Open a High Yield Travel Savings Account
Simple but powerful.
Pick an amount you can commit to weekly or monthly; $10, $20, whatever works, and set it aside in a dedicated high-yield savings account. These accounts typically earn 3% interest or more, which means your travel fund grows even while you sleep.
Make it automatic, make it untouchable, and let it build in the background while you focus on planning your adventure.
You’ll be surprised how fast consistent deposits, and a bit of compound interest, can add up over time.
Final Thoughts On How To Save Money For An Around The World Trip
Whether you’re planning a 6-month trip or dreaming of a year-long adventure, learning how to save money for an around the world trip comes down to intentional choices. You don’t have to give up everything—but you do need to get clear on your goals, be creative with your income, and stay consistent.
We hope these tips help you feel one step closer to your dream of full-time travel. Let us know which method you’re trying first, and who knows, maybe we’ll bump into each other on the road.
Related posts on how to save money and travel the world:
- TrustedHousesitters Review: The Surprising Way To Travel The World For Free
- 5 Tips To Travel More And Travel Cheaper
- How I Paid Off $40,000 Of Debt While Traveling The World
- How I Retired At Age 32
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