If you’ve been bit by the travel bug, you probably will now forever have that itch. Having the opportunity to see different parts of the world and experience cultures outside your own is a rare privilege that everyone deserves to experience at least once in a lifetime.
Travel doesn’t always come cheap, and fitting in a small vacation, let alone a huge extended trip, will probably put a solid dent into your budget.
The good news is though, that with some careful planning, a little patience, and some self-discipline you can take the trip of your dreams without spending a small fortune. Take a look at these tips and try these out to get organized with your finances.
Evaluate Your Finances
Look at your financial situation and brainstorm ways that you can responsibly move money around to accommodate this price tag. You might want to consider taking out a small personal loan to cover at least some of the costs, this way you can spread the payment out over a period of time, instead of having to spend large amounts from your savings all at once.
Explore your options to help you find the right personal loan for you, and your vacation plans, and get matched with loan options in less than 60 seconds. Another good tip which has worked for many vacation and business travelers is this travel and expense management system to help you keep control of your expenses
Be aware of how interest rates will affect the total repayment amount owed. Having this awareness can be a good incentive to pay the loan off as quickly as possible to avoid having to spend an excessive extra amount just to cover the interest.
Time it Right
Different destinations have different peak tourist seasons. Consider visiting your location of choice during off times. Making this small sacrifice can be the difference between hundreds, if not thousands of dollars, and rarely affects the overall experience.
Airlines also have peak travel days that you can avoid so that you can save money. If you are willing to be flexible on dates, and flight times, then you can either pocket the money you will save, or allocate it towards enhancing your experience with excursions and experiences while on the trip.
Lodging can also be manipulated in some ways to become more affordable. It is reasonable to assume that regardless of location, or time of year, weekend rates will always be higher, if you are able to travel during the week, to avoid the higher priced rates that can be a great cost savings as well.
Study Up but Stay Flexible
It is smart to research your destination and plan out activities, but don’t chain yourself to a strict schedule. Have a list on hand of places you might like to dine, and attractions you might want to visit as a reference guide.
While making that list, read reviews from other travelers regarding things like reservations, and advanced ticket sales. This will help you to mold a loose schedule that also leaves room for free time. You are not going to want to spend the time on your actual vacation on your phone looking up things to do, it is so worth it to dedicate the time before you leave to do that research.
What tips do you use to plan your dream trip?