Money & Travel
4 Steps To Making Your Travel Dreams Inevitable
3rd October, 2017
I’ve tried traveling two ways:
1. Dreaming of traveling.
Usually brought on by a rough day of work, an Instagram post or a friendly acquaintance living it up on Facebook. Cue: “What am I doing with myself? Why haven’t I traveled to these places yet?”
2. Getting lured into cheap flights and making spontaneous bookings.
(*Cough*: Uluru, New Zealand and Bali.)
These were budget disasters! I hadn’t properly saved and had to borrow money.
All well and good when you’re young, but now I’m keen to ditch the reputation of not being good with money and actually be responsible for my holidays.
o, what if traveling was inevitable?
That holiday in Europe. That two-week vacation – the promise of new experiences, colliding daily with the edges of your comfort zone and the promise of feeling alive and alert.
That was the promise that Todd Herman gave his 90 Day Year participants (of which I have just become one) when it came to achieving their (business) goals.
Through strategy, goals are inevitable.
How can I map that across to finances and traveling, so that within two years, I can be going on a minimum two-week overseas holiday that I was Insta-pinning for?
If you’re sick of asking “Why haven’t I traveled?” and want to be asking, “What am I doing about it?” – walk right this way. Let’s get whatever your circumstances are, working for you.
1. Decide On The Game Plan (GP)
How are you funding said trip?
My GP for Vietnam 2018: No borrowing money (unless dire emergency!).
Accountability: I was honest and upfront with my travel buddy that I would not be booking flights for our next trip until I had some significant mula in the bank. I also decided I wanted to have money put aside for any bills that come out on a monthly basis. While we are planning on traveling for two to three weeks, I budgeted for a month in case I come back sick and need some time off before returning to work.
Have Your Own Back: Even though I am planning on going for two to three weeks, I am budgeting for a month of my normal back home bills. (See video in Step 3.) This eases any financial stress if I come home sick or jetlagged and need a few days off work.
2. Initial Setup: Set $$ Aside
Knowing we have to save money away and doing it is simply a matter getting started.
Automatically set aside an amount every paycheck: Start small if you need to: even if it’s $10 every
Start small: even if it’s $10. I have my travel account set up in a different bank account from my main living account. A short conversation with my work accountant and he est my pay up so that $50 automatically goes into my travel account and the rest is to my living account.
Boost your automatic contributions: I have a reminder in Google Calendar every three or so months to boost my travel amount, even if it’s by a fraction.
3. Chunk Down For Momentum & Small Wins
Looking at the cost of saving for a holiday can seem like a marathon of a number. Get yourself to the starting line first, by following the steps in this video:
Ps. Feel free to check out YNAB’s free 34-day trial with YNAB. If you find you love it (and signed up through my link, we both get a free month added to our 1 year subscription.)
4. Buffering Against Life To Protect Funds
If you were born before 2000 you probably had your heart torn out by a certain Pixar movie. So much so, that eight years after it first screened in cinemas, I was lying in bed and it hit me: It could have been a rather different movie if they had just done this one financial step.
That night was last week and the movie was UP. It sparked both this very post and this more detailed post on buffering against life to protect your travel savings. I’ve got a specific post coming your way if you’re prone to tapping into your travel savings because life throws you something unexpected.
So there you have it.
Traveling is not for other people. It’s for the people who make it inevitable.
These steps may not be for everyone.
But it may be a start, for those who have always dreamed of traveling yet have left themselves staring at a blank passport.
Best of luck, and bon voyage on your physical and financial journeys!
~ tk xx
*This article is provided for informational and educational purposes only. Information on our website is general advice only and does not take into account any individual objectives, financial situation or needs. Before acting on anything, consider its appropriateness to you, having regard to your objectives, financial situation and needs.
Picking Up What We’re Putting Out?
Dearest Badass Being,
Find below the things that lift my soul, help me sink deeper into the bliss of life and keep me fulled and having the adventures I choose to take.
Dearest Fellow ‘Preneur,
Please find below a list of all of my godsends to date. May they serve you and your dreams, the way I have counted them among my blessings.
My teenage self has dressed my twenty-something body for too long.
Mirroring the exact looks from Pinterest, without the expensive American labels.