Category: Saving

Our souvenirs from Oxford: Brett got a Cheshire Cat mug (one of his all-time favorite literary characters) and I got a plastic-free reusable/sustainable travel cup in the Japanese “octopus” pattern at the Ashmolean Museum (the silicone top and sleeve and can be used on other cups). Both were purchased using a coupon, and cost less than £10 ($13).

We tried.

We tried very hard to stay at or under our Daily Spending Average this month, but between our visit to Edinburgh and our time in London and Oxford with YaYu, October ended up being an expensive month for us and we are ending October with our DSA at $45.08. That’s $10/day over budget or $310 this month. Ouch.

We did a bit of traveling this past month, and we did buy a few things. Brett and I each got a cashmere scarf in Edinburgh (discounted because we bought two), and we also bought some shortbread and a bottle of gin when we toured the Edinburgh distillery. We ate out only once a day, nothing fancy, but otherwise, all meals were eaten at our apartment. We bought nothing in London other than three Oyster cards for transportation (£40/$52 each) and ate just one meal out a day while we were there as well. Even though we chose affordable places to eat (for London, that is), it was still expensive, usually in the $75+ range for the three of us. In Oxford, we walked everywhere, ate one meal out (full tea at the Randolph Hotel) and Brett and I stopped for coffee and cake at a cafe after YaYu departed. Brett and I also bought ourselves a coffee mug while we were there, our preferred souvenir these days. Along with the small rabbit pillow we got for YaYu (less than $25) before she arrived, it didn’t seem like much but it all added up and here we are.

We spent £43.50 ($55) on this week’s groceries, enough to get us through until we return from our trip to Bath next week. That amount also included a few more items not shown because they will be used later for gifts.

We are finding food costs, if bought in a store like Aldi or Tesco, to be very affordable, much less than we paid in Portland last summer. We average around $50/week on food, with our monthly grocery store expenses less than $300 (our food budget is $450/month). However, everything else seems to cost much more here. Our round-trip bus ride over to Moreton-in-Marsh every week is £9 ($11.50), nearly triple the cost of a similar ride in Portland, and that’s after getting a discount because we buy a round trip ticket. A cup of tea and scones costs approximately $10 per person but we’ve learned to get a plate of two scones and share a pot of tea to save on that expense. We don’t do that very often though, maybe twice a month, and consider it a British experience we couldn’t do elsewhere. The different gins we are enjoying are also something unique to being in Britain. We’ve bought four bottles here of specialty gins, costing us about $180 total, but those have and will last through our entire three-month stay. They’ve been an absolutely delicious treat and we have no regrets (and we’ll go back to drinking cheap wine after we leave).

Anyway, we’ll keep trying and hope for a better result next month. We’re not quite sure where to make changes or cut back at this point. Brett tracks everything we spend, every day, and we think carefully about each purchase we make. We had several no-spend days in October and we’ll try to increase the number of those. Maybe $35/day is unrealistic, especially in an expensive country like England (and Japan) and perhaps we need to adjust the amount we’re putting away for YaYu’s college costs. We’ll see how November goes because December is also going to be an expensive month when we have all the girls with us for nearly a month.

(This article was originally posted on October 31, 2016, but because our recent budget changes I felt it was a good time for a re-post. A few minor updates have been made to the original.)

I only wish Brett and I had the kind of income where we could whip out our checkbook or charge card whenever we wanted to take a trip, and pay for it all, just like that. For us though travel takes planning, time and saving, saving, saving. All of our journeys are fully funded before we leave home.

However, saving money is only the start. Along with putting away funds we talk about: Where do we want to go and how much is it going to cost? Do we need to save $500? $1000? $5000? More? Is it doable? Realistic? Can we do it for less? When’s the best time to go? Where would we stay? How long can we afford to go away? What do we want to see or do when we’re there? And so forth . . .

That’s the thing about travel: Each trip is different and requires different things and costs a different amount. There isn’t a ‘one size fits all’ when it comes to traveling – we bring our own desires and expectations when we hit the road, even within in the family, and the total cost of any trip is affected by those desires and expectations. Because we don’t have that bottomless checking account, Brett and I not only put money aside but take some extra steps in order to make the most of what we have and where we’re going.

Here are some ways we successfully save for our travels and make sure we get to go where we want, have the best time possible, and don’t bust our budget:

• Our travel plans always start with us talking about places we’d like to visit and then making a mental list of places we’d like to go, whether we’ve been there before or they’ve been on our “someday” list. We’re not the most spontaneous people when it comes to travel, so we prioritize our list by starting with places and people we’d regret never getting to see down to locations we’ve always been curious about or that make sense to visit since we’ll already be in the area. We allow our list to change whenever new information comes up so that sometimes places we wanted to visit in the past can seem less important as time passes, and other places become more interesting. Some of our destinations, like Japan, are determined by family circumstance and always go to the top of the list. I love this part of travel planning though – dreams are always free ;-).
• I thoroughly research what it would cost to travel to places. Brett usually leaves this step to me. It takes a while, but I find doing research for travel a LOT of fun, and I always learn lots of new information and pick up tips, even if we don’t end up going to someplace I’ve looked into. I try to figure out how much transportation will cost, as well as lodging, dining, and other expenses. Would it make more sense for us to stay in a hotel or use Airbnb if we go somewhere? Is there a peak season (and how can we avoid it if possible)? I love reading articles and stories about how to dine on a budget at our destination, or about a place where we may need to increase our budget because the food and experience are not to be missed. I love learning about all sorts of interesting places we might want to visit, from must-sees to maybes. I know that there are many people way more spontaneous than we are, and when they see a cheap airfare to somewhere they snap it up and go, or think nothing of hopping in their car and taking off. I’m enough of a nerd though that I’d rather do the research about spending our money on a trip, and figure out how to get the most bang for our bucks. Our income and budget sort of demand it as well.
• After the research is done, we decide if we can realistically save enough to afford the trip. We make the final decision to go somewhere only if we can afford it. We’re not willing to break the bank and go into debt just to fulfill some fantasy or check off something on a bucket list. I would greatly love to take more tours through India, and Brett and I would like to visit one of the national parks in Botswana, but know now that these days both are way out of our price range (Botswana is way, way, way out) unless we saved for years and did nothing else. We focus on what’s realistic and doable.
• We set a goal for saving. We like to use the SMART criteria whenever we make a goal, financial or otherwise: Specific, Measurable, Achievable, Realistic, and Time-bound. Rather than saying “Let’s save so we can go to Japan,” we tell ourselves that we need to save enough before [proposed travel date] to cover airfare and lodging for three of us as well as have enough for meals and other expenses. Can we have approximately half of that amount saved by [a certain date] to cover airfare if a good deal shows up? This is how we can place what we need and when in relation to other upcoming expenses, such as the girls’ college expenses, Christmas, etc. Once everything gets mapped out, and we decide it’s achievable, we go forward. If it’s not, we either adjust our goal or drop it. We typically set our goals and start planning more than a year in advance of any major travel though, giving ourselves plenty of time to tweak things as we go along.
• We have a dedicated savings account for travel, whether we’re actively planning any travel or not. I believe it’s important to make dedicated travel savings a priority rather than a ‘leftover’ when it comes to budgeting. We “pay ourselves” first and put away a predesignated amount each month for travel. We add to our savings in other ways like adding what we save in our change/$1 bills jar (which adds around $800 per year to the account). If we can spend under our budget in any other area, like groceries or gasoline, for example, the difference goes into our travel savings – it’s an incentive to look for the best deals and be more conscious about saving. Rebates, refunds, rewards and gifts also go into travel savings. It adds up more quickly than you might think, and I never feel guilty or worried when we take any money out to cover travel expenses because that’s what it’s for. One more thing: with a dedicated travel savings fund we’re already miles ahead whenever we start thinking about going somewhere.
• We stay motivated to save by giving ourselves reminders of our destination. Once we know when and where we’re going, we post pictures on the fridge, share books or articles about where we’re going, start Pinterest boards, and so forth. These ‘motivators’ can help keep our savings goals on track. They often help us decide between doing or buying something now versus putting away more for travel later. Even when our trip to the Grand Canyon was a mystery to everyone else, I still put up reminders about our trip in places that I saw frequently but that were hidden from Brett and the girls in order to stay motivated.
• While we’re on the road, we track our spending every day. Brett maintains a daily spending log/diary so that we can see if we’re staying within our budget. If we’re over, we have a way to know why that’s happening and we can rein things in, but it also gives us a way to know if we can afford to possibly add something extra to our visit.

For us, successfully saving for travel involves more than just setting money aside. The extra steps we take help us not only be realistic about what we can afford but help keep us motivated to reach our goals and fulfill our travel dreams. Careful planning and saving along with close tracking of our spending provides us with a solid foundation to see and do what we want during our travels as well as the ability to dream about future journeys and make them a reality.

After the spending madness of May, we had a MUCH better month in June, and took our daily spending average down by little over 50% from $74.46 to just $35.77!

The main reason for this huge drop in the daily average was that we had lots and lots and lots of no-spend days in June. With our pantry, fridge and freezer filled to overflowing at the end of last month we didn’t spend as much on groceries, and we kept our other discretionary spending low as well.

Our June spending (or lack of it) has helped to give us an idea of what things might look like once (if) we eventually settle down. We’re doing fine without owning a car, and our few car-sharing or rental costs have been quite low when averaged out over the month. Housing expenses are not included in our daily spending average, but they’re a little lower than average right now as well. All we currently pay is monthly “rent” for a great apartment in a great location, but without the additional expenses of taxes, utilities, WiFi, cable, etc. There are also no maintenance costs.

We will have the expense of our getaway out to the coast coming up in July, although our Zipcar (along with gasoline) and our lodging were paid for in June. We have some other activities for the month on our list as well that will require admission fees and such, and we will be making another trip to Costco in a couple of weeks which always brings up the monthly average for a while. However, we’re mainly going to keep doing what we have been which should still keep things below our self-imposed spending ceiling for another month.

Part I of updating my travel wardrobe involved going through everything and sorting out what worked and what didn’t and removing or getting rid of items that I didn’t wear or want to wear, ones that didn’t fit any more, and things that gave out (like shoes).

Part II has been all about finding or replacing items with pieces that are more practical, fit better and are a bit more stylish.

Below are 15 new items being added to my wardrobe:

This wool-blend turtleneck poncho looks somewhat heavy in the picture but it’s actually fairly lightweight while being very comfortable and warm when it’s on. It will pop over a variety of tops that I already have. Before it arrived Brett was skeptical about me wearing a poncho, but he likes how I look in this one (so do I).

When we were in India, the other woman in our travel group had a couple of shawls (ruana) that she carried along – they were easy to pop on when she needed a little warmth. This lightweight one is the same idea, and is so comfortable and flattering that I bought a second one in a dark moss green.

This kimono-sleeved sweatshirt tunic is actually a dark indigo blue and white although it looks black in the picture. The big pocket in front is an added plus.

I love the length and pattern of this indigo swing-style sweater. It’s a fairly lightweight piece though, fine on its own for fall, but I’ll probably need a camisole underneath for a bit more warmth during the winter.

I found this sweatshirt cardigan on the sale rack at Muji in Sangenjaya while I was waiting for a dressing room. It’s very soft, and a great length.

I can never find jeans that fit comfortably these days (small waist, big hips), and don’t care for the feel of them anyway so when I found indigo leggings J.Jill I decided to go with them instead (I bought two pair). I love the weight of the fabric – they will be warm in winter without being overly heavy.  I was a bit nervous about wearing leggings as I have heavy legs, but a friend posted this on Facebook one day: Want a bikini body? Put on a bikini! and I decided I needed to wear what I was comfortable in and get over being disappointed in not having some sort of “perfect” figure. The dark olive Perfect Fit pants are also a nice neutral and a color I like much better than the gray or navy pairs that I previously had packed. New summer pants include a pair of white capri leggings and a pair of knit denim capris.

 This lightweight raincoat will be a bit more practical than the three other non-waterproof jackets I had been carrying along. Not only is it waterproof, but it’s roomy enough to go over sweaters and other layers. It doesn’t show in the picture, but the waist can be cinched for more of a trench coat look, and I love, love, love the big pockets in front.

The two pair of Skechers slip-ons I started out with last year were very comfortable at first, but ended up with the memory foam soles compressed to flat (I joked that I could step on a dime with them on and tell whether it was heads or tails) and they also started falling apart. The red slip-ons above are a much better quality walking shoe, and I wanted a pop of color this time around. Red is a great neutral that actually goes with almost everything. Because I will be wearing leggings, I thought the blue ankle boots would also be a fun choice. The boots have a thick sole so are great for walking. Both pair are lightweight, both are very comfortable and fit perfectly, but both pairs will have to be waterproofed before we go (the blue boots are suede and the red pair are nubuck leather).

I usually prefer to wear solid colors, but I fell in love with this traditional Maori-patterned tunic I found at a shop in downtown Rotorua. The shop was Maori owned and operated, and all items inside, from art to household goods to clothing, were designed and made by Maori artisans.This long-ish black linen swing dress is also from Muji. It’s loose and comfortable and I can’t wait to wear it this summer!

Finally, I found this beautiful leather tote at Goodwill and snapped it up. It’s a great color, it hangs comfortably on my shoulder, and it will easily hold all my travel stuff (and then some). It’s in like-new condition too, so should last a long time.

Except for the Maori tunic and black linen dress, every item I purchased was on sale or from a thrift store, with several of the new pieces at more than 70% off the original price. The raincoat came from REI; the shoes from Zappos; the dark olive pants from L.L. Bean; and the gray sweatshirt cardigan and the black linen dress were purchased at Muji while we were in Japan. Along with the tote, I bought the summer dress I wore to Meiling’s graduation and a black velvet tunic at Goodwill. Everything else was purchased from J. Jill, my very favorite clothing store.

Outside of my pajamas, underwear, and socks, I now will be packing 35 pieces of clothing ranging from summer tops to a winter coat, as well as with three pairs of shoes, and two pairs of sandals. None of the new items are very bulky or heavy, including the shoes, and they should all fit into my big suitcase (especially since I’m no longer carrying 30 packages of CookDo and a bulk package of mugi-cha in the bottom of it).