Knowing where you want to go, how long for and what time of year you want to travel is the first step to setting a savings goal.
Then, it’s time to start planning.
You will need to consider the up-front costs when writing up a budget:
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Flights |
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Accommodation |
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Travel Insurance |
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Visas |
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Passport fees |
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Vaccinations |
Then, consider where you want to go and what the potential costs are to enjoy your destination:
| SPENDING MONEY |
You will need to research the cost of living in your destination and set yourself a daily budget, factoring in that some days might be more expensive with things like meals, entertainment, tour guides and shopping. |
| EMERGENCY FUNDS |
It is always wise to factor in a buffer should any unexpected costs arise. Being able to get home safely is always a top priority. |
Now you have a realistic idea of how much this holiday will cost you, you can set a target to work towards. Your current income and expenses will determine how much you can save and how quickly.
Wondering if you can manage saving for the trip of a lifetime with all of the other expenses you’ve got coming up this year?
Come for a coffee or a chai and we’ll nut out the details together.
