Knowing where you want to go, how long for and what time of year you want to travel is the first step to setting a savings goal.
Once you have these details locked down, it’s time to start planning
You will need to keep the following in mind when writing up a budget:
The upfront costs:
You will need to research the cost of living in your destination and set yourself a daily budget, factoring in that some days might be more expensive with things like meals, entertainment, tour guides and shopping.
It is always wise to factor in a buffer should any unexpected costs arise. Being able to get home safely is always a top priority.
Now you have a realistic idea of how much this holiday will cost you, you can set a target to work towards, you current income and expenses will determine how much you can save and how quickly.
Wondering if you can manage saving for the trip of a lifetime with all of the other expenses you’ve got coming up this year?
Come for a coffee or a matcha and we’ll nut out the details together...