It’s all about hustling and setting priorities.
In early 2020, my husband and I booked an amazing Alaska vacation for that summer — a vacation we never got to take due to the pandemic. This past summer, we took a couple of shorter trips with our children. But we weren’t comfortable with the idea of boarding multiple planes and getting on a cruise ship for two weeks, so we didn’t reschedule that trip.
I’m hoping things will have improved enough by the summer of 2022 to make that dream trip a possibility. If not, I’m hoping to at least do a bit more traveling in the coming year than I did in 2021. But to pull that off, I need to start setting money aside from the start of the year. Here’s how I plan to boost my travel budget.
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1. More work
As a freelance writer, I have the option to pick up extra assignments and boost my income. Right now, all of my extra earnings are going toward replenishing a withdrawal I took from my emergency fund when my air conditioner broke and needed to be fully replaced. But I’ve made good progress there, thankfully, and so once that money is put back, any extra money I earn is cash I hope to be able to earmark for travel.
2. More frugal budgeting
There are a number of things I spend money on regularly that aren’t considered essential expenses — things like takeout meals and entertainment, to name a couple. I don’t plan to eliminate those spending categories this year, but I may cut back to free up more travel cash.
That said, if I can boost my income enough, I may not cut back too drastically on the things that bring me joy on a day to day basis. I’m all about prioritizing travel, but I also don’t want to deprive myself too much of those modest indulgences.
3. Savvy credit card usage