Adventure is the next big thing for the youth but the only problem is that most of the time it burns a hole in your pocket. Let’s be honest about it, adventure sports require a high level of safety standards, support system, and adequate facilities for the participants, and this makes the experience a little expensive.
In this article, we are going to talk about the ways in which you can save for your ‘big adventure’ but we will also focus our attention on how you can actually spend less money doing what you really want to do.
If you are reading this, I assume that you are a young adventure travel enthusiast who is probably a student or a working individual. You have obviously searched on the internet and have an estimate about how much your trip can cost.
Now, what can you do to save money for it? It is just like saving to buy a new gadget or anything you like. If you have not developed the habit of saving money yet, you should definitely change your ways.
Here are a few things you can do:
Manage your budget carefully
You probably have the bills to pay every month and that room rent is taking away half of what you earn. But still, there’s always a scope to pre-plan your budget and then spend carefully.
Analyse your spending habits and see if you can get rid of some of the unnecessary expenses. Even a small amount saved every month can help you plan a trip every six months!
More importantly, you will be able to cut back on your expenses only when you have a clear vision of why you are doing it. So always keep in mind that the smaller sacrifices you make today will help you experience something absolutely beautiful that you have always wanted to do.
Young, dumb and broke
Remember your college days when you had to manage so much from your pocket money. But you still made it possible, right? So, try going back to that lifestyle for a short time and save big.
In addition, you can always use your spare time like weekends when you are doing nothing to earn some extra bucks. There are so many opportunities in the age of the internet. A little extra effort will bring bigger results.
Try financial planning
Mutual funds sahihai! And even keeping your money in the bank is going to bring you at least some extra income. You are young and have so much to learn. So why not learn financial planning?
Investing in the right funds or putting extra money in your PF account is definitely going to make you rich. Obviously, not as rich as Bill Gates. But hey, think about that adventure you are planning!
Market favours you, exploit it
As a young Indian, you have more chances to save money on your everyday expenses. The start-up culture is picking up and discounts are their way to attract new customers.
Be smart and exploit this situation. Buy from the places offering the biggest discounts. Use coupons and take that cash back. Little drops of water make the mighty ocean.
But wait! Don’t fall into the trap and start buying stuff that you don’t need. Discounts can be enticing; practice strict control!
Now, this was some advice on how you can save money. I am sure that you already know a lot of different tricks. If you have some unique ideas on how to save money, share with us by commenting below.