Travel

HomeGoals

Start with the destination.


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.

Then, it’s time to start planning.

Draft a budget

You will need to consider the up-front costs when writing up a budget:

Flights

Accommodation

Travel Insurance

Visas

Passport fees

Vaccinations


Then, consider where you want to go and what the potential costs are to enjoy your destination:

SPENDING MONEY

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.


EMERGENCY FUNDS

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.



Set a goal

Now you have a realistic idea of how much this holiday will cost you, you can set a target to work towards. Your 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 chai and we’ll nut out the details together.


CALL SMART FINANCIAL PLANNING