4 Financial Tips for Living on the Road

In today’s society, newer generations are turning increasingly towards remote careers that enable them to work while traveling on the road or overseas.

While this idea of living on the road is nothing new, it is becoming more popular as new generations seek ways to free themselves of debt and have a more flexible lifestyle that prioritizes their wellbeing with a healthier work-life balance.

Working on the road enables you to live below your means while still providing you with a vast array of new experiences and opportunities.

It is also much more sustainable and eco-friendly to live on the road versus the larger carbon footprint that comes with living in an apartment or a house. And sustainable living, access to new experiences, work-life balance, and affordable living are all things that are highly sought after these days.

However, it can be somewhat of a challenge for some when considering how to get started living the ultimate nomad lifestyle.

One of the biggest challenges is knowing how to make enough money to support yourself. In this article, we’ll discuss how you can make a living on the road, as well as financial tips to help you cut costs and save money.

How to Earn a Living While Traveling

There are lots of ways you can make money while traveling. While certain careers are not suited to remote work, there are plenty that are.

If you work in a field that requires you to be physically present, then you may need to consider other options if you truly desire to live on the road. However, do not immediately dismiss the idea of retaining your current job.

Some employers are becoming more open to their employees working remotely, so long as they can still get their work done. So before quitting your job, sit down and have a chat with your boss and HR to discuss the possibility of you working remotely.

If your current position does not enable you to work on the road, there are other options out there. Most online job boards have a filter that allows you to search specifically for remote positions.

You can also look into travel-related careers if you want a job that enables you to see the world, such as a travel writer or travel influencer.

If you are open to staying put for short periods of time, you can perform local searches as you travel for temporary or seasonal positions. You can also look into one-time gigs, such as pet sitting or mowing someone’s lawn.

Money-Saving Tips for Working on the Road

When it comes to working on the road, having enough money to support your lifestyle isn’t just about the career you have. There are numerous ways you can cut costs to save money and live more responsibly.

Before you hit the road, even if you already have the ideal remote career, it’s always a good idea to create a travel budget. This can help you get an overall sense of your financial situation and where you can cut costs to afford your nomadic lifestyle.

Gas-Saving Tips

Gas is one of the most expensive parts of living on the road, especially if you live entirely out of a camper van, an RV, or another type of mobile home.

Consider signing up for rewards programs that allow you to save when you fill up at certain gas stations. It’s also a good idea to pay with cash when you can, as many gas stations charge slightly more when you pay with a credit card.

The air pressure in your tires can also affect how many miles you get per gallon. Make sure to check the pressure and fill them with air when needed.

Additionally, try not to travel during rush hour. It’s best if you travel between destinations when there are fewer cars on the road to get better fuel economy.

Go Minimal

If you plan on living on the road, you will need to downsize. The more stuff you have and use, the more expensive your nomadic lifestyle will be.

In contrast, the smaller the vehicle you travel in or live out of, the lower your costs will be. So one of the number one ways you can save money while traveling is to travel light and minimal.

This not only applies to your personal items like clothes and home goods, but also to the food you consume.

You should downsize your closest and what you pack, but you should also take a closer look at your eating habits.

The healthier and cleaner you eat, the more money you will save. That’s not to say you can’t splurge on meals out now and then—trying new foods and restaurants is a great part of traveling—but the majority of the time, you should attempt to reduce food waste and eat as fresh and light as possible.

Trending Careers for Digital Nomads

If you want to live on the road but still aren’t sure how to make money while doing so, take a look at some of these trending remote-based careers.

Lots of companies understand the growing desire to have a flexible job that allows for more travel, so there are plenty of job opportunities available to enable you to fulfill your nomadic dreams.

  • Content Writing and Copywriting
  • Virtual Assistant
  • Social Media Manager
  • Translator
  • Web and Graphic Design
  • Blogging
  • Customer Service Representative

Final Thoughts

If money is the only thing stopping you from traveling more, then working on the road might be for you. Trying to travel while also paying for a house or renting an apartment is challenging.

However, if you can downsize your life and live on the road, not only will you have more fulfilling experiences, but you can save a lot of money and live debt-free as well.

These days, there are so many jobs available that enable you to work remotely, and if that doesn’t work for you, you can always take on temporary positions everywhere you stay or look into work-exchange programs.

If you desire a nomadic lifestyle, nothing is stopping you but yourself.

Dan Matthews is a freelance writer with a penchant for financial wisdom and solid research. You can find him on Twitter @danielmatthews0 and LinkedIn.

Josh founded Money Buffalo in 2015 to help people get out of debt and make smart financial decisions. He is currently a full-time personal finance writer with work featured in Forbes Advisor, Fox Business, and Credible.