Holiday adventures provide some of the most magical moments of our lives. However, the one complaint you probably have about them is that they do not come around nearly as often as you would like. With the right strategies in place, though, it is possible to increase their frequency.
So, what are the best ways to fund more frequent travel adventures? Here’s all you need to know.
Sacrifice Some Other Luxuries
There’s nothing wrong with spending money on luxuries in your daily life. But if you have reached a stage where life experiences mean more to you than material things, now is the time to make some cutbacks. A Porsche appraisal or valuation could open your eyes to just how much money you are sitting on with the assets. Selling it to buy a more modest car could open the door to more vacations. Or you could choose a vehicle that’s perfect for road trips.
Further cutbacks could include trading the expensive health club for a basic gym membership. Or selecting cheaper fashion. When you’re old, you’ll remember the experience you had. Not the clothes you wore during them.
Be Strategic With Travel Purchases
Buying holiday clothes and travel accessories is a part of the fun. However, you should resist spending too much on products that you only use for a few days of the year. Second-hand purchases can reduce the costs. Meanwhile, rentals can be a smart move for equipment. Aside from the financial aspects, it saves you from the hassle of transporting them. Skiing equipment, scuba gear, and other specialist products are just some of the items to consider.
On a similar note, you should take care when booking excursions and experiences. Sometimes, guided tours aren’t needed. You may also find that booking tickets for multiple attractions save money.
Choose Local Adventures
Affording vacations will feel harder when you always look to explore different countries. There’s nothing wrong with booking overseas trips, but you shouldn’t sleep on local trips. Whether it’s a road trip or a city break, doesn’t matter. The opportunity to build a vacation package that doesn’t cost a fortune will remove one of the biggest hurdles to regular travel. When you are in control of the itinerary, it’s easier to cut out unnecessary items too.
In addition to reducing the costs, local adventures allow you to take shorter breaks. When you need to manage your time off from work, this can be an ideal choice. Moreover, by enjoying local adventures, you may be open to ideas like camping.
Travel Off-Peak
If you have a young family, this one might be difficult. If your kids are yet to school or you’re looking at couples trips, travel during the school term reduces the costs. Meanwhile, you should not hesitate to research destinations. Major sporting events or cultural celebrations can cause costs to spike. So, unless you are actively wanting to experience those events, it’s best to travel at a different time. In addition to cost savings, there will be fewer tourists around.
You may even find that it is easier to book time off from work at these times. After all, parents will want to save their time off for summer break and other school vacations. Be tactical with your bookings, and the available options should increase.
Monetize Your Trips
While reducing the costs will make travel more affordable, there is another option. Monetizing your trips could potentially cover the full overheads and earn you a salary. Even if your revenue doesn’t reach that level, subsidized travel is a step in the right direction. You don’t need heavy equipment to create stunning content either. A blog or vlog could be the catalyst to help make travel a bigger part of your life. Or you could set up an agency to organize group trips.
Revenue opportunities could extend to brand sponsorships and merchandise. Whether it remains a side hustle or becomes your main source of income, it can help fund more frequent travel. Crucially, this helps you unlock a better quality of life.
Rent Out Your Home
As well as monetizing your trips, you could create a revenue stream from your home. The property is not occupied while you’re away. Working with Awning rental property managers can turn it into an Airbnb. The income generated will at least cover some of your travel costs. In some cases, it may even bring in more money than you spend. Either way, it’s better than having no money come in from your property. The holiday tenants deter intruders too.
It’s not an option that everyone wants to try. Likewise, you can’t guarantee that people will want to use your home at the same time as your planned vacation. If you have a flexible job, though, you could book your trips after someone has booked yours.
