Saving money for a long-term rental vacation or transition into life in a different country is essential. We can’t always plan for events or situations that inevitably crop up that cost us money we may not have – saving money before you leave for your long-term trip will ensure that you have a bit of a financial safety net in the event of an emergency.
There are many ways to save money for a long-term rental experience, most of which can be utilized before you even leave home. One common money saving tip is to budget your monthly expenses, and take that money out of the bank in cash. Paying cash makes it easier for you to track how much money you spend every day as you are physically handing over bills and coins. When you get home, transfer the loose change you have from the day into a jar. Although it may not seem like much, all this can add up!
Creating a budget in the months leading up to your long-term vacation can also help you decide where you can cut back on your spending. Drinking one less fancy coffee or eating out a few times less can save you more than a few dollars in the long run. Always keep in mind your goal of your long-term vacation and the amazing things you’re planning on doing there- this will keep you excited to save and on track with your budget!
By planning your long-term vacation early you can cash in on the best vacation rental properties for the best prices. Giving yourself enough time to plan also gives you enough time to research the options you have regarding your long-term vacation; compare and contrast different deals, dates and travel plans to get the most affordable price. Depending on how long you are planning to go on vacation you might also be able to get a long-term vacation rental price that reflects the longevity and consistency of your stay.
One of the benefits of a long-term vacation is that you have the chance to make this new location a home away from home. You can eat meals in and dine out, go on tours or simply walk around your new neighborhood. While you should definitely make efforts to enjoy your vacation to the fullest you can use all the above methods to save some money while you are away. Additionally you can consider working as a freelancer (if your job supports that) or picking up and odd job to make some money on the side. Whatever it is that you’d like to try, go for it! It’s your vacation, after all.
We rarely are able to save as much money as we want, however, having enough money to cover a plane ticket should you need to return home suddenly or a few hundred dollars extra to cover a medical expense isn’t a bad idea before you go on a long-term vacation.