Are you ready to travel more in 2021? A lot of people certainly are after a year of limited travel opportunities. This means that this summer and fall are gearing up to be a very busy travel season! If you’re ready to jump on the bandwagon and make up for lost trips this year, you’re going to need a little cash on hand to do it. Read on for some tips to boost your wallet so you’ll be ready for travel season!
Save that Stimulus Check
The new stimulus bill passed recently, which means many Americans are getting $1,400 or more from the government. Of course, if you need that money for bills, that should come first. But if you’re getting by ok, consider sticking that money into a savings account dedicated for future travel.
You might even want to consider opening a new or separate savings account that’s dedicated only to your travel fund. A lot of banks offer deals where you’ll get some extra money if you open a new account. Do your research and see if you can find a savings account with a high-interest rate, too, and it will make some extra dollars for you before your trip.
Enroll in an Automatic Savings Program
Putting a big chunk of money away, like a stimulus check, can be a no-brainer. But saving small amounts consistently over time can be a lot harder for people to remember to do. If you’re not used to saving frequently, the good news is there are a lot of apps and programs that can do it for you.
Here are a few examples:
· Bank of America has a Keep The Change program where all your debit card purchases are rounded up to the nearest whole dollar, and the change is automatically transferred into your savings account.
· Chime Bank also rounds up to set aside change into a savings account, and then also gives you a 10% reward based on what you save from that program.
· Acorns is a savings app that puts your extra cash into a diversified portfolio. Investing isn’t always great for short-term gains, but it could be useful for a big trip down the road.
Pick Up a Side Job
If you’re serious about getting extra cash together to fund your travels, the best way to do it is to generate more income. The gig economy is growing, especially due to the pandemic, and more and more people are making a living through odd jobs online or through apps. This means that you have lots of options to make a little cash. Here are some examples:
· Driving: If you have a car and like driving, consider becoming an Uber or Lyft driver or a delivery driver for a service like Grubhub.
· Virtual Assistance: If you have basic computer skills like typing, spreadsheets, or social media, you can score a Virtual Assistant job on freelancer platforms like Upwork.
· Transcription: If you’re a really fast and accurate typist, lots of companies need videos and interviews transcribed.
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