Ian publishes an online travel magazine (a.k.a. “a blog”) called Brave New Traveler, which is dedicated to providing information for world adventurers. He pointed me to a recent guest-post from Lucia Byttebier, who has some tips on “saving money for the trip of a lifetime”.

The five steps Byttebier recommends are:

  1. Reconsider your living situation. Can you find a cheaper living arrangement? Remind yourself that it’s only temporary, that you’re saving for a goal. Byttebeir moved in with her boyfriend’s parents for several months, which allowed her to save hundreds of dollars for her trip.
  2. Practice non-attachment. Get rid of all your stuff. “What good will it all do to you while it’s sitting back home and you’re rafting down the Great Usutu River? … Once you start getting rid of stuff and you see the money pour in, you’ll be surprised how easy it is to part with your prized possessions.”
  3. Abstain from expensive evenings. Don’t go out to movies, don’t go out to eat, and don’t go out to drink. Save your money. “That money could fund your traveling through Central Asia for an entire month.”
  4. Find a transient weekend job. A couple months prior to your trip, take a temporary extra job waiting tables, bartending, whatever. “The additional savings will help you acquire the last minute must-haves for your trip.”
  5. Embrace foreign cultures. Keep from spending your money by converting it to the destination currency in advance. This can keep you from spending your savings. But: “Remember that if you exchange your money’s currency more than once, you’re probably losing money.”

Though these ideas are geared toward a person who wants to travel for an extended period, a few are also great suggestions for anyone who needs to make a short-term push for extra cash. See also a GRS entry from last June: Reader question: Cheap world travel?

[Brave New Traveler: Five steps to save money like Buddha]

GRS is committed to helping our readers save and achieve your financial goals.Savings interest rates may be low, but that’s all the more reason to shop for the best rate.Find the highest savings interest rate from Ally Bank, Capital One 360, Everbank, and more.