My husband and I always dreamed of living in France. The problem was that we were not European citizens so we couldn't just move there. We didn't have some job or company willing to sponsor our move and we ever thought we could afford to make the move to do it on our own. Boy were we wrong. With some clever planning, a dash of courage and a pound of persistence, you can make that seemingly impossible dream of a career break or sabbatical year a reality.Here are 15 clever, creative and simple ways you can save now for that year abroad later.
Here are 15 ways to make your 1 year sabbatical year dream a reality
Not only do you not need to be rich to take a 1 year sabbatical, you can use a one year career break or sabbatical from life to do something enriching including learning a new skill to advance your career for when you return.
1- Ask your employer if you can take a year off (ask him for a sabbatical year).
Insurance can get expensive in the US if your footing the bill yourself. It might be a long shot but it’s worth asking your HR department if you can take leave of absence. If they agree, a lot of the stress of returning back home will be removed because you have your job waiting for you after your one year sabbatical. While you’re in HR’s office, see what your options are for health insurance abroad. Thy may have an option for you that will cover you while you are living abroad.
2- Can you do your current job part time and or remotely?
Technically, if you are working remotely, you are not really on a sabbatical year. But if working remotely is your only option than take it. You can always work remotely from some beach.
Or first year living abroad in France, I did not work but now I do and I am fine with that. I actually like working remotely because I make my own hours and get to work in my pyjamas.
3- Cut back on your expenses and save
Before we ever started packing or applied for visas, our family of five cut thousands of dollars from our annual expenses by simply cutting the fat out of our lives. We ate out less, we got rid of cable T.V., shopped at thrift stores and didn’t buy anything unless we absolutely needed it.
Yes it was hard especially if you are used to eating sushi once a week buying new shoes every month but if you really want to make that 1 year sabbatical a reality, than you need to do it especially if money is tight. It’s hard at first, but once you start seeing how much money you are saving it turns into a game and gets easier and easier.
4- Sell Your Unwanted Stuff
It’s amazing how much crap you can accumulate over the course of a lifetime especially if you have kids.
Instead of trashing it, try selling your unwanted stuff to fund your 1 year sabbatical abroad? My advice is to first do a big garage sale for the smaller less expensive things. Then sell your more valuable items one by one on eBay.com or craigslist. Don’t forget to announce your garage sale either. If you’re in Canada, try Kijiji.
5- Volunteer Abroad/ Trade For Lodging and Food
If you would rather volunteer or or work in exchange for lodging and food while abroad, there are volunteer programs over the world. You should know that most of these places you find online will charge you money to match you up with a volunteer program. And they arn’t cheap. I have seen some programs charge a few thousand dollars for less than 6 months.
Don’t be discouraged because there are some volunteer programs where you don’t have to pay but they are hard to find. Let me know if you find one.
6- Home Exchange
If you live in a highly desirable place like San Francisco, New York or another popular destination then you could try exchanging your house with someone who lives abroad in an equally desirable location. Check craigslist and do a search on Google using keywords house swap or house exchange. Here’s one that looked pretty good, it’s called Home exchange
7- Rent Your Home To Offset Costs.
Consider renting your home or subletting your apartment. Renting our your place is a good way to offset your costs while also ensuring you have a place to stay when you get back from your sabbatical. If you rent your home fully furnished, you can rent it for even more. Look at places like www.sabbaticalhomes.com.
8- Go Somewhere Where The Cost Of Living Is Lower
Going to Thailand for your one year sabbatical. If you are from the US or Canada, the cost of living will be much less and your money will last much longer than if you live someplace like Paris for a year. Popular cheap destinations are South East Asia South America and Mexico.
9- Start your own consulting business
If you have some skill that you can do over the phone or video or over email than consider starting a consulting business that you run completely online.
I know lots of people who travel full time with kids for years on end because they work as consultants, web designers, copywriters etc. All jobs that can be done from anywhere in the world.
10- Teach English or Music over Skype
This falls under number 9 but I thought it was a good idea to call this one out because so many people just don’t know what business to do remotely.
If you speak English or play an instrument for example, you already have a skill that you can teach others. All you need is a computer, internet and skype and a simple 2 page website to start.
11- Become a virtual assistant and do administrative jobs remotely for various companies and people
The web is full of entrepreneurs and businesses looking for other people to do small odd jobs, administrative tasks or higher level duties like Data entry, freelance writing, designing logos etc. go and check out Elance or freelancer.com. They have thousands of jobs posted by people and companies looking your help. Some people make a living this way.
12- Sell your photography
If you have an eye for photography, and you love taking pictures you can sell your photos on stock photography sites like Istockphoto. People go there and pay you the rights to use your photo. There’s a lot of competition and it doesn’t pay much but if you love doing it then not get paid for your hobby.
13- Live simply while on sabbatical
Maybe you won’t be able to live it up in a posh area of Paris but there are lots of affordable places or things you can do on a sabbatical.
Some ideas are to buy a used RV and drive across the continent visiting famous landmarks. There are whole families doing this so why not you? If you have your heart set on France, consider living in a very rural area where you can rent a home for less than 500 euros a month.
14- Use your savings, retirement fund or sell stocks
Do this at your own discretion. When and if you return back to your homeland, can you start over? You’ll have to do a lot of soul searching for this one I suspect.
15-Sell Your Home
I know several families who have sold their house to fund their travels. Only you can know whether or not this is the right option for you to take. Were you planning to sell anyways? Is the market up?
There are so many more ways you can pay and afford to take a sabbatical to travel. You will need to pick and choose the ones that best suit your situation, your comfort level and your goals. Just remember, there will always be an excuse why you CAN’T take a sabbatical. The truth of the matter is, many of your obstacles are mainly fears. If you really want to make this happen than make it a priority and do it