THE BLOG

How to Save Up for Travel in 2015

02/20/2015 08:41 am ET | Updated Apr 22, 2015
Colin Anderson via Getty Images

We are at the beginning of a brand new year! This means new resolutions, new goals, and new dream destinations. I'm going to show you how to stop dreaming, and make your trips a reality. And what is the most essential part of making a trip a happen? Budgets.

#1. Cut back on the extras

It's true, folks. It's the little things that make a big difference.

Say you have breakfast at Starbucks three times a week when you're running late for work (don't worry, happens to the best of us).

You order a Latte ($3.50) and a muffin ($2.75). This means you are spending $18.75 per week on breakfast, giving you a grand total of $75 per month!

That's a big bulk of money. The solution? Have breakfast at home for 6 months. On-the-go smoothies, fruits, or yogurt parfaits always do the trick. This will save you $450 total! Not too shabby.

As for exercise: switch up your spin class for a run in the park every once in a while. Switching up your workouts can not only keep you motivated, but it can save you a lot of money.
Say you take 2 spin classes a month at $20 each. That would mean you spend $240 in 6 months for spin classes.

Adjusting your breakfast and exercise habits can save you $690 in just 6 months!

#2. Split Paycheck Account

Open up a bank account that allows you to set up a split paycheck. This will allow you to set aside a portion of your monthly paycheck and send it straight to your savings account. Let's say $200 per month.

The important thing is to put your savings in a different bucket -- that way, you can avoid all temptation. In a couple of months, you may very well have a plane ticket in your hands!

#3. Credit Card Milage Program

Use it! For every dollar that you spend, you should be earning yourself at least a mile. You can even earn double miles for certain purchases. Who wouldn't want that?

Pro Tip: Before signing up to a new card, make sure you read the fine print! Some milage programs come with annual fees.

Now let's do the math. If you keep your extra costs on a tight leash for just 6 months, you can save up to $1,890!

And if you have been using your milage card, you might not even have to spend any of your savings on a plane ticket.

Ready, set, save!