How to Finance a Vacation?
Who doesn’t dream of taking a well deserved vacation to chill on a beach in Thailand, watch the fish from one of the water bungalows in Maldives or exploring the ancient Mayan pyramids in Mexico? Although we now have many possibilities and ways to travel the world and an airplane ticket is more affordable and not only available to the rich and famous, the cost of travelling is still quite high. For those aspiring to travel the world and explore foreign countries, yet are restrained by financial costs involved, we devised a couple of ways to raise the budget that you will need to take that trip.
First of all, before planning to travel, an important and integral part of seeing the funds that you will need is correct and proper budgeting. That means researching on various websites all the factors that your trip will be comprised of. This involves finding the best available ticket, special offers for accommodation and finding affordable restaurants. Being able to devise a comprehensive plan and travel itinerary, with forecasted, if not concrete costs that you will face will paint a clear picture of how much money you will need to spend and take for extra expenses that you will incur.
The next thing that you must think of is the money that you already have available for travel. If you don’t have any cash at hand or don’t want to spend your bank savings, a fool-proof method is to start putting some money aside on a monthly basis from your salary. This can be from a small amount that you will otherwise spend on coffee or drinks, like $50, to $100, depending on how much you can safely take away from your monthly expenditures. If you calculate this, by the end of the year you will already have up to $1200 for your trip alone.
If you are in desperate need of a vacation, feel burnt out at work, need a change of scenery and just a place where you can relax and regain your inner balance again, there are other options to consider, such as asking for money from your parents or relatives. If you know that you can repay the required amount, you can discuss your situation with them and devise a plan of returning them the borrowed money, say within the following 6 months. A great idea is also asking everyone to give you cash instead of tangible presents for holidays and your birthday. Add that to the money you have been putting aside monthly and you will certainly reach a good amount.
Even though we all wish we had a multimillion dollar trust fund, not all of us are so lucky. We have to therefore plan and budget our travels safely in order to be able to afford them. Although it is not something that can happen overnight, if you plan properly, you can raise enough funds over the course of 6-8 months. During that period, you have plenty of time to go through the available itineraries to devise the best option for you.