For sure, you are aiming to travel around the world someday. The trip could be for a lifestyle change, for a rare long break, or for a personal agenda to get greater exposure to other cultures and countries. If you have the time, you surely could travel around the globe even if your current financial condition indicates otherwise. You may not have enough money to spend for traveling now, but there are certainly practical and logical ways to finance your dreamed-of round-the-world trip. Here are five ways.
Start saving every payday
It is not wise to aim traveling around the world next week or next month especially if you still do not have enough money to spend. Give yourself several months to save for the trip. Start now by strictly putting a significant amount or portion of your regular paycheck into a separate bank account. Have the intention not to touch or use the amount no matter what happens. In several months, you could surely save enough to fully or at least partially finance your trip around the world.
Trim your expenditures
Look at your regular expenses to find out how you could effectively save on costs. Small savings from items you buy on a regular basis would surely add up to become significant in the long run. For instance, resist spending a few cents or dollars in buying candy bars, latte, or cans of soda. In a day, you could surely save a few dollars, which could be summed up to several hundreds in a month.
Try getting a second job
To speed up your initiative to save money for your trip around the world, you may consider getting a second or even a third job. You do not need to get sideline jobs that are exhilarating and time-demanding. How about taking writing or data entry jobs while you are at home? You may consider taking light second jobs during your spare time so you could further earn and save more dollars for the trip.
Get a loan
If you still could not save enough money to finance the entire trip, you may consider getting a loan. This may not be a recommended or ideal option, but it is a feasible one. It is advisable if you would still save for the planned travel and then borrow some money from various possible sources if you still run short of the target amount. You may also need emergency cash or additional pocket money. Remember to choose the best loan products, which have low interest rates and fees so you would not be seriously indebted after the trip.
Consider your credit cards
Lastly, the most desperate but still effective way to finance your trip around the world is through using your credit cards. You may use those to pay for your plane tickets, accommodations, and many other necessary expenses while roaming around the world. But beware against spending too much. Be reminded that credit cards impose high interest rates and other fees, which would make you shoulder more costs in the future.
Andrew Black is a contributing author in various blogs. Andrew is a keen traveler and a specialist in low doc loans
Leave a Reply