If you have wanderlust, and you are itching to take to the air or seas, what are you waiting for? Where is your next destination? Well, if you are like most people, you probably have the desire and drive to travel, but not the finances. Fortunately, there are solutions for traveling on a budget that will allow you to leave as soon as possible. Ready for some budget travel advice? Read on:
See the World Right Now Ask Mom and Dad
The easiest way to finance a vacation, of course, is to ask your parents or another family member for a loan. You might be surprised by the outcome, and according to the advice of experts, asking a family member for money to finance a trip is a smarter choice than considering putting it all on a credit card. Interest on a credit card can really build up and even a relatively small amount, such as a thousand dollars, can take many years to finally pay off if you only make the minimum payment.
Traveling On a Budget Crowd Source It
Speaking of family, you might want to extend your circle a bit further when it comes to financing your travel and include your extended family and friends. The best way to do this is to crowd source it. There are plenty of companies out that that provide easy no cost fundraising that can get you the money you need to hit the road. To use them, simply set up an account, share your personal link and ask friends and family to donate to your travel fund. Even $5 can help, so don’t be shy sharing it with acquaintances, too.
You have likely heard of, or even used, layaway to buy something at a store, but you can also use layaway to finance a trip. By making a purchase for a vacation, and then putting a bit of money towards it each week or month, you can pay for your vacation over time. Once you have paid for your trip, you can take off into the great, blue yonder.
Take Out a Vacation Loan
Another piece of advice for financing your travel is to take out a vacation loan. There are specific companies out there that offer vacation loans. Keep in mind, however, that you will need to have fairly good credit to obtain these loans, and as with credit cards, taking out a vacation loan can take awhile to pay off after you get home. Some of these companies have special financing, too, just make sure you pay it off before the financing expires, as the interest will add onto the balance if you don’t.
As a last resort, you can always put your vacation on a credit card, but make sure you have a plan to pay it off. You can easily get into trouble if you don’t pay off your credit cards, and as mentioned above, it can take many years to pay off a relatively small amount.
If you are a student, a great way to travel is to participate in a study exchange programme. Work on your college degree, experience new locations, and learn a new language while you are there.
Traveling is something that many people love, but it isn’t cheap, either. Hopefully, with this advice, you can find a way to pay for the vacation of your dreams without going totally broke.