How to Travel Well Without Racking Up More Debt
Is traveling only for those who are already debt free? No! As you dig yourself out of debt you can travel guilt free. Experience life to the fullest while you continue on your journey towards living debt free. Follow these steps in order to scratch that travel itch without racking up more debt.
1. Plan Ahead
Planning ahead can amount to big savings when it comes to travel. Use travel search engines like Kayak.com or Travelocity.com to help you track down the best ticket prices, hotel deals, or car rental packages well in advance. If you take your time preparing for your trip, you can study the pricing trends and snap up the jaw-dropping deals that surface once in a while. Saving money by doing this research will help you stay out of debt and travel at the same time.
2. Save Up In Advance
Traveling costs money, even if you do your research ahead of time. Rather than putting that fantastically cheap flight to the Bahamas on your credit card, save up in advance and pay with your savings.
When you are in debt it is important to have a plan that will get you out of debt. You can create a strategy with an expert such as the staff of Nationwide Debt Direct, or work with a financial adviser or knowledgeable friend or relative. Once you have a budget and a plan, you need to stick with it.
Don’t stray from your budget in order to travel, but rather figure out a way to save up the funds necessary for your trip and continue to meet your monthly expenses and goals for paying down debt. This might mean that you pick up extra shifts or cut down your costs in another area in order to save up for your trip. Saving up in advance will give you a sense of peace of mind as you travel.
3. Pick A Budget Friendly Destination
Traveling is exciting because we get to see new places, meet interesting new people, and take a break from the routines of life. What do you hope to get out of traveling? Do you want to rest and relax, or do you hope for excitement and exhilaration? Figure out what you want out of your trip, and then see if there is a way you can get it in a way that is possible within your budget constraints. Instead of going into debt by booking a week at an international luxury spa, see if you can find a nearby peaceful location that will meet your needs for quiet, isolation, and a feeling of being nurtured.
4. Cut Costs Without Sacrificing Satisfaction
As you travel, look for ways to enjoy your journey while saving money. Free museum exhibits, state parks, or walking tours can stand in for more expensive counterparts but can be just as fun. Buy food at grocery stores rather than restaurants, and eat it in scenic places with the people that you love around you. Take public transportation and enjoy meeting people you might never have met had you taken a more expensive personal taxi. As you look for the benefits of your cost saving strategies, you will see that they are not taking away from your travel experience, but adding to it. This is a joy to discover! The added benefit is that you can relax, knowing that you are saving money rather than spending irresponsibly.
While you take a journey towards living debt free you do not have to stop doing the things that you enjoy. You simply have to do them in a slightly different way. You can travel in a way that is responsible, wise, and cost-conscious.