Some people think saving is boring or too hard, but I don’t agree. I think it’s fun. It’s like a game I play with myself (and I like to win).
By saving diligently, I’m able to do the fun stuff I like to do, like travel. And I think most anyone can travel if they want it badly enough. Yes, travel can be expensive, but it doesn’t have to be. It depends more on what your priorities are.
First Things First
As an adult, you kinda have to do what’s best first, not what’s most fun. And that means you have to think and act responsibly when it comes to your savings.
Before you can even think seriously about going on a trip, you need to make sure your finances are dialed.
If you don’t have your finances in order, it’s hard to justify not only smaller purchases like the latest gadget or a new pair of shoes, but it’s even harder to justify larger purchases like a vacation (much needed or not)
So do yourself a favor and pay yourself first, as they say. And then, only after you’ve saved enough to cover your ass in case of an emergency, you can start feeding your Fun Money Fund.
Bit By Bit
Once you’ve gotten the hang of putting away a little bit of your earnings every month for your emergency fund, it’s not all that hard to pinch off a little bit more and put that in a different savings account for the fun stuff.
A good way to feel less guilty about buying things you want is to create a specific account just for that specific purpose.
Some people create lots of specifically-defined savings accounts where they stash their cash for things they’re saving for, and once that sub-account reaches their target amount, they feel free to spend their money on that item.
I tend to have one main savings account that I can spend on what I want. And that usually means travel or photography gear. And since I don’t normally want all that many things, one account works great for me.
Try out both ways and see what works best for you.
Make It Happen
At some point you’ll get your financial situation pretty locked down (hopefully). If you have your Emergency Savings Fund all taken care of, now it becomes a lot easier to spend a bit more freely on the things you really want (but maybe don’t need). Like a vacation! (Though I’d argue that all of us actually do need vacations from time to time.)
I still believe we should all save and spend wisely, but that doesn’t mean we should be denying ourselves the fun stuff until we reach retirement age. That’s not living.
So if travel is your thing and you want to make it happen, then now’s the time to get started.