For any travel blogger, writer, or other location independent person, reducing your costs while on the road is often as important as making the money in the first place. Whether you are earning £1 a month or £1,000,000, if your monthly costs are more than your in comings then your dreams of living location independent will be short lived MyPoints Reviews. So what are the things that you can do in order to save money while you are on the road? What can we do to make sure those pennies are well spent, and stretch as far as possible?
Is MyPoint Legit?
Whether you just have a basic blogger account, or you own fully fledged website, if you are posting regularly then you have your own publication. This gives you the right to ask for a media rate freebies for reviewing purposes. Of course, the amount of traffic or popularity of your publication will determine how successful you are in attaining things for free, but if you get your pitch right, and highlight the benefits to the company you are approaching then it’s definitely possible to get free and/or discounted accommodation, transport, and many other travel related things which you would usually have to pay for. If you travel alot then this could save you a ton of money!
Is MyPoint a Scam?
Most self employed people or business men/women will already be well aware of this, but just incase some people aren’t, and provided you have a legitimately registered business, then you are quite within your rights to claim certain business expenses. If your business is travel related then with a lot of your current travel expenses, you may be able to claim them as expenses for your business, and ultimately reduce the amount of money that you are taxed on. I should point out however, you can only do this if you have a legitimately registered business, and the expenses you are claiming are legitimate expenses that are genuine costs for your business, i.e. you can’t claim things that are personal expenses, they have to be costs that your business genuinely has. If you claim things which are not deemed as legitimate business expenses then that could be deemed as tax fraud, and you could be fined or prosecuted, so it’s important you don’t claim things dishonestly.
Typical things you can claim however are transport and accommodation costs for business trips. Also any business lunches you may have, domain costs for your travel website(s) etc. For instance, if you are a travel writer who is going to be writing an article about travel in Italy then it’s expected that you will have to travel to Italy for research purposes. Transport to/from Italy for that trip, as well as accommodation are necessary in order for you to under take that trip, so these are legitimate business expenses, amongst some other things. If you were just going to Italy on holiday however, or just as part of your personal travels, and you were not going for the purposes of your work, then you should not claim this as a business expense. If unsure at all about any of this, or for more information, be sure to speak to your local tax office for advice.
Sometimes just being on the ball, and up to speed on what’s coming in and out of your account daily can save you money as you travel. One thing I always do is keep a spreadsheet of what comes in and out of my account. Even if you are not travelling to earn money, this is still a good thing to do. If you only have x amount coming in every month, but y amount going out is more than x, then you know you need to curb your spending, and look for ways to cut down. By doing this more regularly however, you can make changes quickly to help you budget, rather than finding out too late, and having to end you travels early due to lack of finance.