As a travel nurse, you have the opportunity to work in different locations, meet new people, and gain valuable experience.
However, traveling can also be expensive. Let’s discuss 10 ways to save money as a travel nurse, so you can make the most out of your experience without breaking the bank.
1. Take Advantage of Free Housing
Many travel nursing assignments offer free housing, which can be a great way to save money. When looking for travel nurse assignments, make sure to inquire about the housing situation.
Some housing may be shared, while others may be private apartments. It’s important to consider the location and proximity to your assignment when choosing housing.
Best places to look for affordable housing:
- Facebook Marketplace
- AirBnb
- Vrbo
- Traveling Nurse Facebook Groups
2. Cook Your Own Meals
It is always more convenient to eat out when you are traveling, but a huge portion of your budget can be blown on food if all you are doing is eating your meals out at restaurants.
Cooking your own meals can be a great way to save money while also maintaining a healthy diet. When planning meals, consider buying in bulk and using ingredients that can be used for multiple meals. Invest in a good set of cookware and utensils to make cooking easier and more enjoyable.
3. Use Travel Rewards Credit Cards
Travel rewards credit cards can be a great way to save money on future travel expenses.
If work is covering a lot of expenses, you can use that as an opportunity to accumulate points to either get cash back, or put it towards future travel (flights, hotels, etc.)
Make sure to read the terms and conditions carefully and pay off the balance in full each month to avoid interest charges. Some cards may offer additional perks like travel insurance or free checked bags.
4. Shop at Discount Stores
Discount stores like Walmart and Target offer competitive prices on groceries, clothing, and other essentials. Consider buying in bulk and taking advantage of sales and discounts. Look for store brands and generic options, which can be just as good as name-brand items.
5. Share Housing with Other Travel Nurses
Housing is typically the largest expense you will have as a traveling nurse. Don’t be afraid to reach out to other nurses in your agency or join Facebook groups for traveling nurses to try to find a roommate.
Sharing housing with other travel nurses can be a great way to save money on rent and utilities. Make sure to set clear expectations and boundaries upfront to avoid conflicts down the line.
6. Join Professional Organizations
Professional organizations like the American Nurses Association offer discounts on continuing education courses, certifications, and even insurance. Consider joining one or more organizations to take advantage of these benefits.
7. Be Mindful of Your Spending Habits
Track your expenses and be mindful of your spending habits. Avoid unnecessary purchases and prioritize saving money on the things that matter most to you, such as experiences or travel.
I highly recommend getting a budgeting app like Mint. It will help you get a clear picture of all of your income and expenses; you can set budgets for certain categories to see where you are overspending.
8. Use Public Transportation
Depending on your location, public transportation can be a cost-effective way to get around. Consider using buses, trains, or subways instead of renting a car. Make sure to research the public transportation options in your area and plan your routes in advance.
9. Look for Free Entertainment Options
Many travel nurse destinations offer free entertainment options like parks, museums, and festivals. Research local events and attractions to find free or low-cost options. Consider joining local groups or clubs to meet new people and find new activities to enjoy.
10. Take Advantage of Perks from Your Travel Nurse Agency
Many travel nurse agencies offer perks like free continuing education, travel allowances, and bonuses. Make sure to read the terms and conditions carefully and take advantage of any perks that are available to you. These perks can help you save money and advance your career.
11. Be Mindful of Your Utility Usage
If your travel nursing assignment requires you to pay for your own utilities, it’s important to be mindful of your usage. Consider using energy-efficient appliances and turning off lights and electronics when not in use. Set a budget for your utility expenses and track your usage to stay within your budget.
12. Take Advantage of Tax Deductions
As a travel nurse, you may be eligible for tax deductions on travel expenses, including transportation, lodging, and meals.
Keep track of all your receipts and consult with a tax professional to ensure you’re taking advantage of all available deductions.
13. Save Money for the Future
It’s important to save money for the future, especially if you plan on taking time off between assignments. Consider setting aside a portion of your income each month for future expenses like rent, travel, and emergencies. Make sure to have a plan in place for your finances and stick to your budget.
Be sure to also take advantage of any retirement plan contributions your employer may offer!
Frequently Asked Questions
What if my travel nursing assignment doesn’t offer free housing?
If your travel nursing assignment doesn’t offer free housing, consider looking for affordable options like renting a room or sharing an apartment. Make sure to research the area and the cost of living before choosing a housing option.
Can I still eat out while living the travel nurse lifestyle?
Yes, you can still eat out while living the travel nurse lifestyle, but it’s important to do so in moderation. Consider setting a budget for dining out and choosing affordable options like fast food or food trucks.
How can I find free entertainment options?
You can find free entertainment options by researching local events and attractions. Check out local newspapers and websites, as well as social media pages for the area.
Many cities and towns also have free events like concerts, festivals, and farmers markets.
Additionally, many museums and parks offer free admission on certain days or during certain hours. Consider joining local groups or clubs to find new activities and meet new people.
