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Sunday, August 23, 2020

Getting Money Together for Your Next Getaway

Travel may be on hold for a little while with the coronavirus pandemic. But that doesn’t mean that you can’t start planning for your next trip when restrictions are lifted and we’re all able to go on holiday again. If anything, this is a good time to get organised and start saving so that you’re able to take the trip of a lifetime when things are back on track! Whether you fancy a city break, a week in Europe, a couple of weeks in the Caribbean or anything else, you’re going to have to be financially savvy and get your money in order! Here are a few steps you can take to achieve this!

Clear Your Debts

These have been hard times for many of us financially. People have lost jobs. People are working part time instead of full time. People are operating on reduced incomes and limited budgets. It’s not all too surprising that many of us have managed to slip into a little debt due to borrowing to get by. Before planning any getaway, it’s important to make sure that you are free of debt. After all, travel is luxury rather than a necessity and you don’t want to spend beyond your means. There are a number of steps you can take to clear your debts. First, make sure to set yourself a budget. Know how much disposable income you have and don’t exceed this amount. Next, try to put as much of your disposable income as possible towards clearing your debts. Sure, it may mean getting by one the bare basics for a while, but it will help you to reach your goal sooner. If you’re still struggling, consider debt relief options. You’ll be back in the black before you know it!


It’s a good idea to know how much you’re going to have to save for the trip you want. Start browsing travel sites to determine how much flights would be, how much accommodation would be and how much spending money for extras (souvenirs, drinks, snacks, etc) you’d be looking at taking away with you. This then gives you a target to aim for.


Once you’re out of debt, you can start focusing on saving towards your trip. Take similar steps as above, but instead of contributing a significant portion of your disposable income to debt, you can now put it in a savings pot towards your trip. You can take all sorts of other steps to start getting extra funds in the pot too. Sell unwanted or unused belongings. Take on overtime. Consider freelance work around your usual job role. These will all help your money to mount up!

These three steps will really help you to get to where you want to be - wherever that may be in the world. It’s been a hard year for everyone and most of us deserve a well needed break for some relaxation and recuperation or a little excitement after being cooped up in our homes for months. Money management will be key to actually getting away, so hopefully, some of the above advice will help!

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