The Payoff: Tips to add to your travel fund

-Planning a trip but low on cash? This week on The Payoff, I'm giving you some tips to add to your travel fund.

Pay yourself first.

Set up a savings account and automatically deduct money every paycheck.

Select the highest amount that you won't miss, whether that's $20, $50, or $100 every single paycheck.

Cut back, like way back.

Set up an account on the site Mint so you can closely monitor your budget.

See where your money is going and look for ways to cut back.

If you're spending $4 a day on coffee at work, realize that that's $80 a month you could be spending on a trip.

See a penny? Pick it up.

Paying with cash will help you to more closely monitor your money.

And at the end of the day, you could empty all of your loose change into a jar.

Collect that change for a few months, and you might be surprised by how much you're actually able to save.

Sell your stuff.

In addition to eBay and Craigslist, the app LetGo is a mobile marketplace where you can buy or sell nearly everything.

Have old electronics you want to get rid of? Want to pass on a gently used stroller to a new family? Post it on LetGo and put the money you earn towards your next trip.

Find a side hustle.

TaskRabbit is a great resource to find odd jobs in your community.

Sign up and earn cash by helping someone move, cleaning or organizing their apartment, or running their errands.

Sure, it's not the most glamorous work, but it could help you to finance a glamorous vacation.

So that's how I add to my travel fund.

What do you do? Share your money-saving tips in the Comments section below.

Source: Youtube

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