• Search
  • HOME
  • ABOUT US
  • BLOG
  • RESOURCES
    • TRAVEL GEAR
  • KETO LIFESTYLE
    • ECO LIFESTYLE
  • DESTINATIONS
    • BALI TRAVEL GUIDE
    • VIETNAM TRAVEL GUIDE
    • JAPAN TRAVEL GUIDE
    • THAILAND TRAVEL GUIDE
    • CAMBODIA TRAVEL GUIDE
    • MALAYSIA TRAVEL GUIDE
    • AUSTRALIA TRAVEL GUIDE
  • WORK WITH US
  • ABOUT US
  • PRIVACY POLICY
  • AFFILIATE DISCLOSURE
  • Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Gadsventure

Lifestyle Blog, Adventures all around the world and at home with a family of six. We will share our stories, travel tips, travel destinations, lifestyle choices and sustainable living to help you build a better life.

  • Search
  • HOME
  • ABOUT US
  • BLOG
  • RESOURCES
    • TRAVEL GEAR
  • KETO LIFESTYLE
    • ECO LIFESTYLE
  • DESTINATIONS
    • BALI TRAVEL GUIDE
    • VIETNAM TRAVEL GUIDE
    • JAPAN TRAVEL GUIDE
    • THAILAND TRAVEL GUIDE
    • CAMBODIA TRAVEL GUIDE
    • MALAYSIA TRAVEL GUIDE
    • AUSTRALIA TRAVEL GUIDE
  • WORK WITH US
You are here: Home / All / How to Start Saving Money and Start Living Again
How to start saving money

How to Start Saving Money and Start Living Again

Updated July 19, 2018 By //  by Brian. This post contains affiliate links. This means we may make a small commission, at no extra cost to you.

Table of Contents

  • Money, Money, Money!
  • Life is to be enjoyed right now, we don’t know what will happen tomorrow, next week or next year, so why sacrifice living. 
  • What We Did
  • How to Start Saving Money?
  • My final word on how to start saving money!
  • “Be Fearless in the
  • Pursuit of what
  • sets your Soul on Fire!”

Money, Money, Money!

Money is your worst enemy and your best friend at the same time, you need money to travel the world, buy plane tickets, book accommodation, eat glorious food and to get around.

This page may contain affiliate links.  Please see our Disclosure for full info.

Money traps you, but at the same time sets you free!

It’s up to you to decide what money is going to do to your life, are you going to be a slave to it, let it walk all over you, or rule it and control it like the wild beast that it is.

My wife and I only recently went through some financial hardships and weren’t able to save any money for travel.  We could have taken the normal track which would be to cut down on everything, stop traveling, stop going out for dinner, stop going out for coffee, stop going away camping, just stop having any fun at all!

But we decided that traveling, and having fun as a family was the most important thing in our lives right now, and we weren’t about to bend over and take it.  So we started taking massive action to turn this problem around big time!

Life is to be enjoyed right now, we don’t know what will happen tomorrow, next week or next year, so why sacrifice living. 

There is no point in living a long life if you hate every day of it, so you need to get smart and take charge now!

how to start saving money

 

What We Did

You don’t have to follow in our footsteps but to us, as a family, the most important goal was fun and spending amazing times together over everything else.  This may change down the track but for now, travel and having fun with each other is priority number one.

So what we did;

  • Sold our unit on the Sunshine Coast to save on Rates, Insurance, Mortgage, Water and Body corporate. (We thought this would be enough to turn things around, but we were wrong.) Next.
  • Sold our 4 bedroom rental property in Mackay to save on Rates, Insurance, Mortgage, Water and darn pest control. (We thought this would turn things around, but still didn’t work.) Next.
  • Sold our Z300 Kawasaki motorbike to save on rego, insurance, and maintenance. (Helped pay for some bills) Next.
  • Sold furniture such as tables, chairs, old prams and other items. (Not much money made there)
  • Now we are going to sell our 4 bedroom home so that we can really save some coin, this will be our last house to sell and then we can finally be mortgage free.  Selling our home will free us up from paying mortgages, rates, water, insurance, and maintenance.

After taking these big steps to stop our money from going out we will proceed next year to sell the caravan and car so that we have a great foundation to finance our real passions in life, travel, and family.  I’m not saying you have to quit your job or anything drastic like that!

It’s just if you want a lot more disposable income to pursue the things you love in life, you need to shed the things that are holding you back so that you can go on more weekend vacations, or take that dream holiday that you have always dreamt about, you got me?

“Remember, The more stuff you own, the more it costs to keep“

how to start saving money
Full disclosure, this is not our car

How to Start Saving Money?

Here I have compiled some really great money saving tips you could start implementing today to help you get into a better position so that you can enjoy life without sacrificing all the good bits;

Number.1 – Live a more affordable life.

Do you really need a 5 bedroom house with a pool, 3 garages, massive shed and acres of grass to mow in the most expensive part of town? 

Probably not, can you live in a cheaper part of town, smaller home, smaller yard and not as flash.

The money you will save will be enormous because you will have a smaller mortgage and with it will come smaller bills such as lower mortgage repayments, lower property taxes, lower home insurance and fewer bills each month.

And if you are renting a unit or apartment can you move into a cheaper apartment, cheaper area or a property with fewer rooms.  Or you could bring in a flatmate to save on costs etc.

Number. 2 – Save money by refinancing the mortgage.

Is there a way you can restructure your mortgage? 

Refinancing can save you heaps of money in the long run or in the short term, depending on your situation.how to start saving money

Shop around and don’t be shy in asking for better deals, banks want and need your business so they will be willing to strike some great offers to keeps you or win your business.  Remember always talk to an expert before making any financial decisions.

Number.3 – Move your family to a cheaper city or town.

Relocating to a more affordable town can save you a tonne of money, cheaper housing, cheaper bills, cheaper schools or maybe better-paying jobs. 

You may have a better quality of life by just moving out of the rat race hotspots and a greater disposable income to enjoy your life on your terms. 

That’s what I’m talking about!

Number. 4 – Relocate your family abroad to live.

Moving abroad to a cheaper country can be beneficial especially if you can earn a strong currency like the US dollar, British Pound or Australian Dollar.  There are many countries you can relocate to, all you need to do is obtain the correct visas and follow their systems.

Living in a cheaper country, but still earning a good income will definitely put you in front and enable you to save and see the world depending on the business that you are in.how to start saving money

With the growth of online businesses, you can work from anywhere in the world with just a laptop.  Examples of some types of businesses you can run online are;

  • Affiliate marketing – Learn More
  • Dropshipping
  • Amazon seller 
  • Blogger
  • You Tuber
  • Freelancing your skills on platforms such as Fiverr
  • Programmer – App designer
  • Sell online courses or ebooks sharing your skills via Teachable
  • Live off the money you saved elsewhere – or lottery win!

These are just some of the examples that are possible online, there are endless possibilities in today’s world.

Number. 5 – Get rid of your credit card debts.

Another way to save money is to pay off your credit card debts before they spiral out of control. 

Credit cards are great if you manage them properly, but most of us don’t according to the statistics, in Australia the average person with a credit card has 4,000 dollars owing on the card. And in America, the average credit card debt is $6,375 per card!

No wonder we are all just working constantly to pay these debts off, and have no time or money to travel and pursue our passions.

Pay off your smallest debts first and work your way up so that you get some momentum, the smaller debts also have the highest interest rates so attack them first – see my post regarding paying off your credit cards.

Number. 6 – Reshuffle your Insurance and cut down on premiums.

Insurance is a necessary evil for certain assets, such as insurance against natural disasters and a house fire or insuring your car for theft!

But there are ways around cutting down on insurance and saving money, such as;

  • Shopping around for better deals on insurance, we saved thousands by moving companies.
  • Bundle all your items together with one insurer usually saves you money.
  • Increase your excess to the highest levels, this will lower your monthly or yearly repayments. (Insurance is only for worst case scenario so paying a higher excess is better than having no insurance.)
  • Don’t cover items that are cheap and easily replaceable, such as TVs, couches, and appliances. (We skipped on contents insurance, it saves you heaps!)
  • Limit your health cover insurance premiums by only getting cover for what is really important to your family. (This all depends on your country, your age, and circumstances, so shop around and find the best deal.)

I have life insurance and disability insurance through my super fund, this is all automatically taken out of my superannuation fund which I can’t touch anyway.

how to start saving money Just remember to shop around and make things work with the money you have and you can save big time!

Number. 7 – Purchase Items you can afford!

Items such as vehicles, boats, caravans, motorbikes all cost money to purchase, insure, maintain etc.  Don’t be a slave to your toys, buy second hand and you will save thousands!

The higher the purchase price of each item will mean higher repayments, higher insurance premiums, higher maintenance costs, higher fuel costs and higher registration costs.  This can really add up quite quickly and before you know it you are spending more than you make.

You need to ask yourself, do I really need a brand new car that depreciates quickly and is only being used to take the kids to school or a flashy caravan that just sits in the driveway for 48 weeks a year losing valuable money that you could be using to travel or getting away and enjoying life!

My final word on how to start saving money!

The way life is today it is so easy to look like you are killing it, I look around where I live and see everyone driving a massive cars worth a hundred thousand dollars, or more.  Are they really killing it financially? Or have they just got a lot of repayments due on all the toys they own?

But I can see why everyone has nice things, it makes them feel special and they feel like they are impressing all of their friends and family, but at what cost?how to start saving money

You don’t need the best and biggest of everything to have a great fulfilling life!  Most people spend money that they don’t have to impress people that they hardly know or even don’t care about.

If you are anything like me you will want to accumulate memories not just accumulate stuff that is useless.  Live life more by what you need to light up your soul not what lights up your bank account and burns through your hard earned cash!

I hope this post has helped a little in igniting a flame inside you so that you start to take steps of change so that you can start to have more free time and more disposable income to enjoy life and pursue your dreams.

 

“Be Fearless in the

Pursuit of what

sets your Soul on Fire!”

Start Saving Money

Filed Under: All, Before you Travel Tagged With: money, saving

Previous Post: «Japan Travel Guide Japan Travel Guide – Getting to Tokyo from Narita Airport
Next Post: Cruise Whitsundays with Gadsventure cruise whitsundays»

Reader Interactions

Comments

  1. Jen

    July 14, 2018 at 5:10 am

    Love reading this + love you guys! xx

    Reply
    • admin

      July 16, 2018 at 8:13 am

      Thanks Jen! love you too xx

      Some awesome tips here though hey!

      Reply
  2. Emily Hii

    August 28, 2018 at 4:15 am

    Wow Wow Wow! Nice article. My husband is working sooooo hard and I am saving money soooo hard and hopefully we can have many holidays in future. Yes we need to start living and have a life! You have greats tips there, too bad we don’t have other mortgage to sell, only have one at the moment. joking! Your family photos are so awesome! Happy family 🙂 All the best!

    Reply
    • Kris

      September 19, 2018 at 11:39 am

      Thanks for the great comment Emily!  It’s never too late to start living.  

      Best wishes for your future holidays.  

      Regards, Kris

      Reply
  3. David

    August 30, 2018 at 2:21 pm

    This article can be a helpful reminder to just about anyone! Most people need to learn how to start saving money to start living again.

    Scratch all of those unneeded expenses, forget about the flashy lifestyle, and enjoy life how it should be most enjoyed. That with family, friends, and traveling the world with no tie downs.

    Flame ignited!

    Reply
    • Kris

      September 19, 2018 at 11:21 am

      Yes!! So happy for you David!  

      I wish you all the best, regards, Kris

      Reply
  4. nikica91

    September 4, 2018 at 6:47 pm

    A stunning post. I also have a similar financial situation at the moment. I have that credit card that I can not pay. But in this post, I saw several ways to get it. Thank you. What else do I say. He left me without saying this site. I will stick to this site. Cheers.

    Reply
    • Kris

      September 19, 2018 at 11:10 am

      Thanks so much, so glad we could help!

      Here’s to financial freedom hey!

      Reply
  5. Charlotte Tweed

    October 25, 2018 at 5:29 pm

    This story soooo resonates with me! My family went through many of the same battles you did. Thanks for the tips and sharing your desire for memories and not possessions. Simple is better!

    Reply
    • admin

      October 28, 2018 at 12:18 am

      Thanks for reading Charlotte! I am glad to find common ground with you. It’s not always easy to make such a big lifestyle change, and for us it is our family and friends who should be our biggest supporters, who are the naysayers which makes it harder! But we have gradually been able to turn our lives around and this will culminate in our big adventure next year!

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Meet the Family

Gadsventure

Welcome, We are the Gadsventure Team! Our family of 6 is constantly seeking fun and adventure …

Follow Our Journey!

  • Email
  • Facebook
  • Instagram
  • Pinterest
  • TikTok
  • Twitter
  • YouTube

Find Flights


Find Hotels



Booking.com

Find Deals


Discounts on Tours


15% Off Asia

Find Tours


real food


Footer

 

 

“Travel, as much as you can, as far as you can, as long as you can…………. Life’s not meant to be lived in one place.”

Find Out How

  • ABOUT US
  • PRIVACY POLICY
  • AFFILIATE DISCLOSURE

Site Footer

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Copyright © 2023 · Mai Lifestyle Pro On Genesis Framework · WordPress · Log in

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
22 shares