#Savings

Leaving Cubicle? Manage Your Finances

Working independently of any location is a task, you should probably learn a thing or two about managing your finances before you hit the road. Here are some basic guidelines on how to save up and handle the money situation.

Choose The Right Destination

On your first trip, it would be wise to pick a country that is affordable. South-East Asia and Eastern Europe are probably the best travel destinations for those who are starting out as Digital Nomads. Countries such as Thailand, India, Vietnam, Macedonia, Turkey and Greece are very popular among Digital Nomads because of the low costs of living.

Find Cheap Flights

Many low-cost airline companies have all kinds of promotions and using Skyscanner will surely help you in finding the cheapest flight tickets. If you want to get you your destination relatively cheap, you may need to change a couple of flights, but in the end, you will save up a lot. Be patient and check every day for discounts on flights. Remember that during the holiday season, the flights can be expensive, and this is not the best time to travel.
Spend at least a month or two at one place

For those who are starting out as Digital Nomads, it is always better to stay in one place for more than a month. Flights and other types of transportation can cost a lot, and going from one place to another in a short period of time requires a lot of cash. It is better to stay in one place for let’s say a month, especially if you are just starting out as a Digital Nomad.

Save on Accommodation

Airbnb offers a lot of cheap accommodation options and is very popular among travelers and workers nowadays. You can get a really good price for a one month stay on this website. There is also couch surfing that is free, but the downside is that you can only stay for a few days. To avoid travel costs, try to find something that is not far away from the center of the city.

Eat Where The Locals Eat

Getting to know the local culture and cuisine is one of the coolest things that you can do as a remote working-traveler . The good news is that dining spots that are filled with locals are almost always cheaper than restaurants and bars in which tourists hang out.

Save Up Before Going on This Adventure

It is recommended for everyone who wants to become a digital nomad to save up a bit before heading out on this adventure. The reasons are quite simple. There are a lot of costs that need to be covered in the beginning, such as travel expenses and accommodation. Handling your finance is very important when you are a DN, so plan everything ahead and try not to spend too much money before getting acquainted with the Nomad lifestyle.

Great life awaits. Just manage the shit.

Comments

10

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