5 Ways to Save Money

As a recent law school graduate, I know how it feels to live paycheck to paycheck. But I also understand having a strong desire to travel. I’m constantly searching for new ideas on how to save up money for all of the trips I want to go on! Here are a few that you can try.

1. If you’re a coffee drinker (like I am), make your own coffee at home

My roommates and I love making our own COLD BREW, especially now that it’s summer. One of the roomies (Kristen) has this awesome cold brew system (called the Toddy Cafe) that we love to use to make a big pot of coffee for the week.

Not spending anywhere from $3-$5 per DAY on coffee can save you up to $25 per WEEK! Instead, you can put that aside for a little spending money on your next vacation.

2. Automatic deposit in your savings account 

If you have direct deposit set up with your employer, you most likely have the ability to deposit this amount in more than one bank account. If you have a checking and a savings account, you should split your paycheck into portions between the two accounts. (First do some calculations and figure out how much you need to just live and then what’s left over can be saved!)

That way, a small amount goes directly into your savings account without you ever being tempted to touch it. Before you know it, you’ll have enough saved up for a flight and accommodation in that destination you’ve been dreaming about!

3. Join a volunteer program 

I found a hot yoga studio in NYC that has a volunteer program where you can work in the studio for a 2 hour shift and receive a FREE yoga class in return! Yoga classes can be so expensive (at this studio, a single class is $24)…so as much as I love yoga, I just couldn’t possibly fit it into my budget. But with this program, I get free hot yoga classes in exchange for some super easy work + I get to meet all sorts of awesome people that I wouldn’t have had the chance to meet otherwise.

4. Go through your closet

I know we’ve all had that moment of realizing we “have so many clothes, but nothing to wear,” right?? Take the time to go through your closet and see what you can part with. There are so many second-hand stores these days that you can consign your clothes to (like Second Time Around!). You get to declutter and get some money in return. Win-win!

5. Visual reminders!

It can be hard to save money for trip that’s planned for 6+ months in the future. Creating visual reminders of what you’re saving towards can help combat this feeling.

Print out pictures of where you’re going, write up an itinerary, create a countdown on a calendar, or make a progress bar (that you can draw in as you put more money towards your goal). Keep it in a place that you see often, so you don’t forget about it!

Now I need to go put some of these into action! Do you have any ideas that have helped you save money to travel? Let me know in the comments!

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