Getting to the Olympics: Saving for the Trip
If you’re like me, you’d really like to go to the Olympics someday. However, for the vast majority of us, the Olympics are not likely to go to your home city, at least not any time soon. To go to the Olympics will take a lot of planning. For the next couple of Tuesdays, I’m going to discuss planning a trip to the Olympics. Although it’s too early to make arrangements for any trip other than the 2010 Singapore Youth Games, it’s never too early to make long-range plans to attend the Olympics in 2012 London, 2014 Sochi, 2016 Rio, or even 2018 (which I’m guessing will be in PyeongChang, South Korea).
What probably keeps most people from getting to the Olympics is money. I know that’s what has prevented me from going to the Olympics since I started wanting to go. Going to the Olympics can be expensive, and can take quite a while to save up for. Depending on how fast you can put away money, you may be able to save up for a trip to the Olympics as early as 2012. I personally am shooting for 2014 or 2016. Here are some tips for saving:
1. Take care of necessities first. For the last few Olympics, this has been my biggest hurdle. It makes no sense to have your car repossessed or have your home foreclosed upon in order to save to go to the Olympics. In this economy, job losses and underemployment could keep you from saving for a trip to the Olympics. Once you can take care of your needs, you can concentrate on saving.
2. Find creative ways to save. If your basic necessities are taken care of, you can start saving; however, there still may not be a lot of extra money to go around. This is where you can start finding creative ways to save.
- Give up your morning latte (or purchase a smaller size) and save the difference
- Keep a spare change jar. As a kid, we used to have a big, 5 gallon glass jug in our living room. My mom would put spare change in it. When it came time to cash it out, it had hundreds of dollars in it. It can really add up.
- Use coupons. My mom funded several vacations by using coupons. She put the money that she saved by using coupons into our vacation fund. We were able to pay for a trip every few years this way.
- Set aside money when you get the chance. Try to set a goal to set aside $5, $10, or any other affordable amount on a weekly basis. The more you can set aside, of course, the faster you will be able to save for the trip you want.
3. Don’t pay to save your money. Depending on where you live, your bank may charge you to have a bank account. While you may want to start a savings account specifically for saving money for your Olympics trip, it makes no sense to pay for the privilege, especially with bank accounts paying no interest. Find out what the minimum amount of money you need for a free account, and open one when you have that amount.
It takes a lot of planning and determination to save up for a large trip like going to the Olympics. Hopefully these tips can help.








