Travelling the world can change your entire perspective of life. By stepping beyond your own doorstep, you come into contact with all sorts of things you wouldn’t have otherwise had the opportunity to experience. You will take in beautiful landscapes, try new cuisines, hear new languages, witness flora and fauna that isn’t native to your homeland, and learn a whole lot about yourself along the way. It really is a life changing experience. An astounding number of people have never left the country that they were born in.
While there are various factors that contribute towards this, and while travel might not be accessible to everyone or everyone’s cup of tea, it seriously is something that you should consider getting involved with given the opportunity.
Means of getting from A to B are becoming more accessible by the day, with cheap airlines offering comparatively low cost flights and increasing numbers of low cost hostels and alternative forms of accommodation opening up in high-demand destinations.
While there are various ways that you can cut the costs of travelling, and while you may be able to work a little along the way to keep yourself going, you are going to have to come up with a plan that will allow you to jump on a plane and leave your more permanent job behind in the first place.
Here are just a few different steps that you can take in order to gather the funds for world travel as quickly and conveniently as possible!
The best way to gather funds to head away while travelling is to be patient and create a savings account. Each time you are paid, deposit a percentage of your disposable income into the account. The more you deposit, the sooner you will get away.
Take Out a Loan
If you have no savings, you may feel like travelling isn’t an option for you. But this doesn’t have to be the case. If you think that the experiences will justify paying interest on borrowed money, then taking out a loan could prove beneficial for you. The type of loan that will best suit you will depend entirely on your personal circumstances. If you are a homeowner, you might want to consider Evolution Money’s secured homeowner loans. If you are only travelling for a short period of time and only require a small amount of money, a credit card could tie well into your plans.
Clear Current Financial Agreements
The majority of adults will be tied up in at least one financial agreement with a professional lender at any given time. This makes sense – after all, we all take out financial plans in order to afford the lifestyle that we lead. Perhaps you have an outstanding balance on a credit card. Maybe you took out a loan to purchase a particular product and you still have to complete several months’ payments. You might have taken out a car on finance or as part of a lease agreement.
Maybe you’re on an annual membership with your gym. It’s highly likely that you have a phone contract. That’s all before we consider insurance plans, subscription services, and other smaller memberships. These will all be deducted from your bank account on a monthly basis and there’s probably a set time limit before you can back out without having to make some sort of major payment.
Now, if you’re planning on heading away, this can get relatively problematic. You will not be making use of the services you have signed up to and you might want to head away before your contracts have ended. You generally have one of two options when it comes to dealing with this situations. First, you can simply wait it out, make use of what you’ve signed up to and complete payments until the contracts or agreements end and then go travelling afterwards.
If you’re itching to get away and don’t mind paying for something you’re not using, you can simply set up direct debits and make sure that you have sufficient money in your accounts before you head away to keep up with payments while you are away.
While gathering the necessary funds to head away may feel like a drawn out or stressful process, it will all be more than worth it when you book those initial plane tickets and start packing your bags for your next big adventure!