Alright, Let’s assume you have $15,000 saved with 200,000 miles in frequent flyer miles.
Time to cut the Fat!
Own a house? Rent it out!We were very scared to do this at first, but when we reviewed the few items we were afraid might get ruined we realized they’re only things and could easily be replaced. Collette placed our house on AirBnB and it was rented in 1 day. An unexpected bonus was that we were able to rent it for more than our mortgage. This extra few hundred dollars per month was very helpful during our travels. If you’re renting, end your lease and rent a storage unit for your things or ask a friend if they have space where you could store it for a few months.
Sell your cars – simple task. A few weeks before your trip, take your car to a dealer and get a quote. Now you have the bottom price you’ll accept for your car. Post your car on craigslist and tell all your friends your selling it. Put the price at 10-15% higher what the dealer offered you. If you can’t sell it on the private market, take it to the dealer right before you leave.
Fun note about booze in your house. Collette and I had plenty of wine, liquor, and beer that had accumulated over time. (It must be human nature to avoid finishing any bottle of liquor.) When we decided we were taking a trip, we made a rule that “no alcohol could be purchased.” As a lover of IPAs , this was difficult, but we had plenty of wine, scotch, and vodka to drink during our late night planning discussions. (if you don’t have any alcohol in your house, you may want some to get you through your own planning sessions)
Phone, cable bill, gym membership, utilities
– all of these are pretty simple to cancel. Just make sure you give plenty of notice. Most of these things require a 30 day notice.
Travel tip! If you have a smart phone, you can cancel your monthly service and only us it on wifi. While traveling, Collette and I don’t have any international plan. With an iPhone we use facetime audio, WhatsApp, facebook, and email to communicate with friends and family.
Now you’ve cut all your ties to the consumerism world!