If you haven’t heard the news, travel is a pretty big deal right now. There are 3 Ways to Fund your Next Big Travel Adventure!
It’s slowly moving across generations, as well. Once upon a time it was just young people who were jumping on a plane and joining the backpacking experience. Now, older people are in on the act as well, and the whole country seems to be obsessed with the concept.
Of course, there’s one problem with the above – travelling isn’t cheap. Sure, there are ways to keep costs down, but at the same time you need a nest egg to help you along your way.
This is what today’s article is going to focus on, as we take a look at three ways you can fund your next travel adventure so you can enjoy it without worrying about financial woes.
Go over your income and expenses with a fine toothcomb
It sounds laborious and in some ways, it is. However, when you next have the time, download your bank and credit card statements and start to unpick them.
Categorize each and every expense that works its way onto there. At the same time, calculate your true income every month.
You’ll soon start to see patterns emerging and find things which are eating away at your budget. For example, you might have a Netflix subscription but realistically only tune in once a month. If you’ve six months left until you embark on your travel journey, the savings by letting such subscriptions go can make all the difference.
Unfortunately, we don’t tend to find these revelations until we really delve into our personal accounts.
Dip into agency work
Something else that can help you along your way is just boosting your personal income. Sure, some of you might already have a job, but there’s nothing wrong with dipping into agency work as well.
The beauty of this is that you can pick and choose when you work. Don’t be fooled into thinking that this is purely manual labor as well. For example, if we take a look at Blues Agency, this is a company that just focusses on catering agency staff. Ultimately, if you specialize in a certain job, you should find something suitable.
It’s time to save – not invest
Hopefully, you already know by now that you need to cut your expenses. However, make sure you know what you are going to do with that spare money.
If we were writing this as a long-term financial guide, there’s a chance that we would recommend you invest some money in stocks or bonds – to try and give you a bigger nest egg when you retire for example.
The problem is that this is a short-term plan – with the end result potentially in a few months. It means that saving should be high on your agenda. You need to be choosing a risk-free account which offers as much interest as possible. Sure, the returns are probably going to be low, but it’s better than keeping the money under the pillow. So what do you think about these 3 Ways to Fund your Next Big Travel Adventure?
Related – Travel Adventure