How I Save Money to Travel and Build a Hefty “Travel Savings” Each Year

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As a travel nurse, I have the privilege of being able to take time off and travel as much (or as little) as I want.  In 2018, I took 5-months away from work to travel solo through Europe and Southeast Asia before coming back to a new travel nurse assignment.  And because travel nurses don’t earn PTO, I oftentimes get asked, “How can you afford to travel so often and for so long?”  My trick?  Building a hefty traveling savings account that is strictly used for travel.

Before I get started in telling you the exact steps I take when saving money for a trip, I want to point out that I am innately good at saving money.  I’ve never overspent on my credit card, and I never spend what I don’t have.  I don’t say this to deter you, but to warn you going forward, that if this isn’t you, you can still build a travel savings, but you probably won’t do it as quickly.  To really build a hefty travel savings, you need to be conscious of not spending money beyond your means.

The second thing I’d like to point out is that travel does not have to be expensive.  While I wouldn’t consider myself a backpacker, I also wouldn’t consider myself a luxury traveler.  I sometimes sleep in Airbnbs that cost $30/night, and I sometimes sleep in hotels that cost $150/night.  Depending on how much money I have saved, I choose what country to visit based on how cheap or expensive it is.  If I know I want to be gone for 2+ months, then I choose to visit cheap countries like Eastern European countries or Southeast Asia.  If I’m only going to be gone for a couple of weeks, I choose more expensive countries.


How to Build a Hefty “Travel Savings” While Saving Money

What’s unique about being a travel nurse, is that we make quite a bit more money than staff nurses and we get paid every week.  These two things definitely factor into my ability to save, but even as a staff nurse I was still using this same strategy to be able to take multiple trips a year.  These are the exact steps I take when saving for a trip.


Step 1:  Create 3 different banking accounts

These accounts will be your checking account (where every paycheck goes), a savings account, and a travel account.  Make sure that they are all linked to your checking account so that you can easily transfer money from one to the other.


Step 2:  Make a list of all of your expenses

This list will include rent, utilities, car payments, phone payments, gym membership, and anything else that you pay for each month.  Add all of those numbers up to get a lump sum and then divide it by the number of paychecks you get in a one-month period.  For example:  (hypothetically speaking), I pay $1,800 in rent, $120 in gym fees, $100 in utilities, $400 for car payments.  Together this adds up to be $2,420.  I get paid 4 times/month so I take $2,420 and divide it by 4 = $605.  Before getting my first paycheck that month, I know that in order to cover my cost of living, I need to remove $605 from each paycheck.  (Another option is to use one paycheck to cover rent/bills.  I don’t do this because I don’t like having one week where I have no money and other weeks where I have more money).


Step 3:  Transfer your money

Take the amount of money that it takes to cover your monthly bills (in this case $605), and move it into your savings account.  We want it out of your checking so that you don’t feel like you have money to spend that isn’t really there.  Then at the beginning of every month, move the total of that money ($2,420) back to your checking and pay your bills.  The way this works is that I use money from May to pay June’s bills.  I’m always saving for the next month so that I’m not behind.


Step 4:  Move money into your savings account

Say each week your paycheck is $2,000.  You’ve now moved $605 into your savings for next month’s bills, meaning you have $1,395 left.  The next thing that I do is put money into my savings account.  Having a hefty savings account (different from your travel account) is imperative in case anything were to happen.  As a travel nurse, we risk having our contracts canceled and even being jobless at times.  As for anyone else, you never know what could happen.  For this reason, I have a separate savings account (aside from a 401K or Roth).

As a minimum amount, I move 10% of my paycheck into my savings account each time I get paid.  This money is for emergencies and goes untouched.  I don’t use it to pay off my credit card because I don’t spend beyond my means, and I act like my savings account money doesn’t exist.  Move 10% of your paycheck (before taking money out for bills) into your savings account.  In this case, I would move $200 (10% of $2,000) from checking to savings.  Now, instead of moving $605 from every paycheck, I’m moving $805 from each paycheck.  Meaning I have $1,195 leftover.


Step 5:  Live life!

Now that I have moved my money into savings, and have $1,195 left in my checking account I live my life that week as normal.  If someone asks me out to dinner, I go because I know I have money.  If I want to go shopping and buy something, I do that because I know I have money.  Because I can’t predict how much money I will spend each week, I wait until my next paycheck to move money into my travel account.


Step 6:  Move money into your travel account

Say that you get paid every Friday.  Come Thursday, the day before I get my next paycheck, I log in and check my credit card statement.  I use the money in my checking account to pay off my credit card entirely.  If I spent $500 that week, this means that I have $695 left in my checking account before my next paycheck comes.  Now is when I move that $695 into my travel account.  Each week I repeat this process and watch both my savings and travel accounts grow.



Your savings account is for emergencies and big purchases.  This includes things like losing your job, getting scammed out of housing, and buying a house or car.

Your travel account is for traveling.  Use the money from this account when you rent a car, purchase a plane ticket, and are on vacation.


If you prioritize travel, this system may be beneficial to you.  By having a travel savings you know exactly how much money you feel comfortable spending on vacation without breaking the bank.  Just remember not to be too hard on yourself.  Some weeks you may save more money than other weeks.  And other weeks you may save no money at all.  It’s a learning process, but with consistency, you’ll get there.


Resources I Use to Help With Travel Expenses

Aside from being a master at saving money, I also rely on a few resources to ensure that I’m saving a few hundred-thousands of dollars each year on travel related expenses.  Below you’ll find my favorite credit card to use to help with expenses, my favorite lounge pass, and other resources that make finding flights cheaper.



I save hundreds of dollars each year with my Priority Pass which gives me access to airport lounges all over the world where I can get free food and drinks.  Buying food and drinks in the airport can be very expensive, so the Priority Pass has been an incredible resource for saving money this way.  Plus, some lounges even have showers and places to sleep so aside from food and drink, I’m also receiving other perks.  (Please note:  if you don’t travel internationally at least twice/year, I don’t think that this pass is worth it).



When I began traveling, I would pick a country of interest – decide I was going – and book a flight.  With Going, I now utilize their flight deals that come straight to my email to choose where to go based on cheap flights.  I flew to Portugal for $350 roundtrip and Albania for $250 just by signing up for Scott’s Cheap Flights premium membership.

I started out by using the free version of Going but immediately updated to the premium membership to receive tons more flight deals to my inbox.  If you’re more of a fancy traveler, you can also sign up for the elite membership.  The annual cost of the premium membership has more than paid for itself in what I’ve saved on flights.



Another way I save hundreds (if not thousands) of dollars each year on travel is with my Chase Sapphire Reserve Credit Card.  I opened my Chase Sapphire Reserve back in 2018 and there isn’t a year that goes by that I don’t regret it.  Not only do you earn points on each and every dollar you spend with the credit card, but you also get a free priority pass included, $300+ in travel redemption each year, free insurance on car rentals, money towards TSA pre-check or Clear, and more.

I’ve stayed in 5-star hotels – for free – with this credit card, and have taken multiple flights without paying a dime.  If you’re looking to save money when you travel, this is a great way to do it.


Are you interested in learning more about prioritizing travel and managing money as a nurse?  These articles may be helpful…

3 Reasons to Actually TRAVEL if You’re a Travel Nurse

Preventing Nurse Burnout by Traveling

How to Maximize Travel While Being a Nurse

How to Manage Your Money As a Travel Nurse

Why You Should Have a Side Hustle As a Nurse


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Kylee is a Neonatal Intensive Care (NICU) nurse passionate about making travel affordable and accessible to nurses. Inspiring nurses to travel both near and far, Kylee began Passports and Preemies in 2017 while volunteering in Skopje, North Macedonia as a way to reach nurses and advocate for the prevention of nurse burnout by traveling. Kylee is the original creator of the “8 Day Vacay” – a vacation geared towards nurses who aim to take advantage of the potentially 8 days off between work weeks with no need to use PTO.

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  1. Suzanne
    January 2, 2021 / 6:56 pm

    Great post! I’m always curious how others go about building their savings and travel money too.

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