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A 27-year-old who saves 65% of his income shares his 7 best tips for traveling on a budget

Tanza Loudenback   

hiking

Rick McCharles/Flickr

It's easier than you think to build travel into your permanent budget. (The Money Wizard is not pictured).

By the time he was 16, the blogger behind the Money Wizard - who goes by the pen name Sean online - had already started saving for retirement.

More than 10 years later and the 27-year-old's net worth is $170,500 and counting. It's all part of a plan to retire by age 37, but he's not depriving himself to get there, he says.

He's currently earning a salary of $80,000 as a financial analyst in Minneapolis and saving about 65% of his take-home pay to contribute to his 401(k), IRA, and index funds. Still, thanks to smart spending habits, Sean says he lives comfortably and travels at least once a month.

In 2016, he took a dozen round-trip flights in the US, which included skiing in Lake Tahoe and Utah, a weekend trip to Cape Cod, and a summer national park trip out West.

Below, the Money Wizard shares with Business Insider his best tips for saving money on travel.


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