Every day at EF College Break, we’re asked for advice about how to save money for that big trip. You know, so we’re basically asked how to turn dreams into reality—no big deal.
Here are some tips we like to give all interested travelers—follow them, and you’ll be a globetrotter sooner than you think!
Make the most of our payment plan.
Unlike credit cards or other companies, when you travel with EF College Break, you don’t need to wait until you have all the money. We offer interest-free payment plans so you can book your trip for as little as a $150 deposit, and pay towards it each month! No, there’s no catch. Learn more here.
Put your mind to it and save, save, save.
- Set a budget and stick to it. Review your expenditures and see what you can cut or improvise around. Remember, the little things add up quick!
- Open a dedicated savings account just for travel. Automatically transfer money in each week from your checking account. Even $5 a week is a good start.
- Try something like Bank of America’s “Keep the Change” program, which rounds up your purchases to the next dollar, then deposits the difference in a savings account. Boom.
- Break out the old-fashioned change jar. You know, literally save your pennies.
Be smarter with your spending.
- Cut back on dining out and getting takeout. Yes, it’s delicious. You know what else is delicious? Friggin’ tapas in Spain. That’s what else.
- Drive less; save the world and save money at the same time. Planeteers, assemble!
- Cut back on caffeine, or get plain coffee instead of fancy lattes. Check the math: One $4 coffee per day x 7 days = $28 per week x 52 weeks = $1,456 per year.
- Avoid impulse buys. Try impulse adventures instead.
- Stop smoking! Imagine putting that $10 per pack toward something that can enrich your life, not shorten it. *Mic drop*
Cut the extras.
- Get rid of cable TV. All the good stuff is on subscription services anyways. Pick up a streaming device, grab your parents’ passwords, and you’re good to go.
- Sing with me: Having fun isn’t hard, when you’ve got a library card! Arthur’s right. And books are free there.
- Give up a few gigs of data on your phone plan, and make a routine of only using apps with Wi-Fi.
- If you pay for a gym membership and go once a week or less, join a cheaper one! Spending time in a eucalyptus forest in Australia beats any eucalyptus steam room at the gym/spa.
- Get creative with the wardrobe you’ve got, or use thrift shops (what what) if you need new clothes.
- Have a friend to cut your hair, and stick with your natural color for awhile. OWN that ponytail. Work. That. Up-do.
- Spend less on beer. We’re not saying don’t drink beer (OMG could you imagine?? HA!), it’s just that Guinness might be better, but PBR is cheaper.
- Spend less on wine and liquor. Two-buck Chuck, meet future traveler.
- Get a second job doing something you’ve always been curious about.
- Marketers are always looking from research subjects. Not for like, experiments or anything. With a little Google magic, you can find market research firms who will pay you (hundreds) just to give your opinion.
What are your tips for saving money for a trip? What did you do to save? We want to hear from you.
Traveling with us is the best way to travel cheaper. Find out why.