2020 may be the year in which many things went wrong, but it’s the perfect year to plan our future travels. Depending on where you live, you probably have more free time right now and fewer fun things to spend it on, so planning future adventures can be the best way to spend time. Traveling requires money, and here’s how to plan and save for the trip of your dreams.
Create a Budget
Be realistic about the cost of things and make a budget that covers everything so there are no unpleasant surprises. Check your priorities and decide where you can spend less and where you want to splurge. This is individual so you need to take your own needs into consideration.
Set Up a Separate Bank Account
Use a separate bank account for travel savings and transfer money to it whenever you can. It’s a good idea to put a fixed amount aside every month and it will add up quickly. Also, whenever you skip getting a coffee or a meal out or buying something that’s not really necessary, you can transfer a few dollars to your travel account and watch it grow.
Pay Upfront
Once you have enough saved, and depending on the type of trip you plan to take, consider paying everything upfront. This is convenient for vacations on a single location or cruises, so you don’t have to think about money once you’re there.
