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A greedy travel fund made me do it! It’s need for green is how I ended up saving over $4000 in 8 months. Pro Tip: Be careful when you set up a savings account and give it a name and goals….

Spoiler Alert: Saving $4000 for travel in 8 months is way easier than so many other things! It’s easier than having a baby (not the starting part but I’m told the birthing part is….many painful/pleasant things). It’s easier than learning how to fly a plane, planning a wedding, or being a champion llama shearer.

After that fun shortlist, $4,000 in 8 months is more than possible! Put on your comfy pants and reheat your favorite hot caffeinated beverage!

HOW TO SAVE $4000? BUILD A BUDGET

As with any new endeavor, it’s best to start with a plan. A budget is a plan for your money.

Many people don’t like budgets. I was one of those people and so was Mr. BuLL. Recently, Mr. BuLL crafted his money plan (aka budget) and has enjoyed the results. Mostly, the part where his money is going where he wants and he is saving a lot more. Even I am surprised at how much he is saving.

If you need some direction in the budget department, there are many opinions out there and the internet is amazing for ideas. Of course, I have ideas of love for a budget but this has been after years of compromise. You would think that humans would be pros at relationships and compromise by now…..

ACTIVATING THE INCOME FUND

Active income is work that entails significant amounts of energy and time, commonly referred to as the nine to five.

This income stream is where you get fancy benefits that can save you thousands like health, dental, and vision insurance. Plus, other soft benefits like networking, gym access, and keeping you away from your Amazon cart.

A big portion of my $4,000 came from my active income which is more predictable than other forms of income.

DON’T PASS THE INCOME

Passive income is typically easier than active income but has more caveats. Passive income is usually less than your active income and more inconsistent.

My favorite type of passive income is when I get paid to do what I already do like walking, grocery shopping, or using a credit card to pay for, well, everything. I am that weirdo that uses it for less than a dollar, not because I don’t have cash but because I love cashback rewards!

I use many different types of passive income, however, if your skill level is expert with paying your bills on time, I recommend finding a credit card that maximizes your cashback. To date it has been my biggest and easiest passive income vehicle. It’s like being rewarded for adulting and everyone deserves that kind of award!

THE BEST KIND OF SURPRISE

Who gets surprise income? Everyone. I guarantee it.

Normally, this is called birthday money, a refund, Christmas money, money found on the street. Any money that isn’t passive or active income.

Just because it’s a surprise and unexpected that doesn’t mean it shouldn’t have a plan! If you are interested in putting a stopper to your money leak and opening the facet to your “how to save $4000” story then even this money has to have a plan and destination once it hits your hot little bank account.

TRAVEL TEMPTATIONS

If you had $4000 for travel, how would you use it? A trip to Europe? An exotic destination unknown? Wherever you’re planning your destination, it helps to have some specifics in mind to remind you why you are putting in all this extra effort.

Eight months is a significant chunk of time, the chances are good that you will hit a rough patch where you aren’t jazzed about this goal and would prefer to give up and try something easier.

During these dark moments, it’s best to remember why you started this journey to begin with. We all need an occasional reminder of why we do the “tough stuff”.

THE DEMANDS OF A TRAVEL FUND

As of this month, I have saved $4,111. What made it easier than rocket science has nothing to do with a high income. That’s cute. No, it’s because I have a very specific budget that places my spotty income on autopilot.

When my income filters down through active, passive, and surprise chutes, it gets factored into my budget and then is piloted away before the siren call of shopping coerces it into bad decisions. Now, 8 months later, I have a chunk of cheddar for a post-Corona adventure.

What are your tricks to saving money for your greedy travel account?

Keep exploring!

4 thoughts on “HOW TO SAVE $4000 IN 8 MONTHS (WHEN YOUR TRAVEL FUND IS GREEDY)

  1. Congrats on saving up for your travel fund! $4K is definitely a lot for a travel fund and you should be so proud of yourself! Glad that you worked through the tough journey despite not earning a large income. Any ideas on how you’re going to be spending it? 🙂

    1. Yes! We were planning a trip to New Zealand but it seems they wont be opening their boarders to foreigners until their is a vaccine. That yes turned into a no pretty quick! 🤨

  2. Whoa, that’s one hell of a turnaround on all fronts! Some days I feel completely unable to plan ahead or budget in any sensible way, and it’s really frustrating.

    1. Truthfully, its taken me a long time to get to the point where I can stick to a budget without busting it. My biggest issues were the little expenses like fancy coffee, eating out, and buying things I never ended up using. Is there anything I could do to help?

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