Prepare Yourself Financially for Travel

In our modern society, travel is no longer a luxury, but it is considered a necessary part of having a healthy and meaningful life. Anyone with a dream of seeing the Eiffel Tower in Paris, France or Machu Picchu in Peru can find a way to reach that destination if he or she plans well enough and long enough.

Before a ticket is purchased or a reservation is made, the first thing a person must do is to begin to save money. Travel, whether by plane, train, or automobile, is not cheap. Even if there are no immediate plans for travel, a Travel Fund can and should be started right away. Depending on the number of people in your family and the type of destination you think you are likely to choose, begin to put a set amount of money aside each paycheck. If you are paid twice a month, a good amount to start might be $50 to $100 each paycheck. Begin to deduct the determined amount from your checking account register. “Deposit” your travel savings each paycheck onto a separate page for your Travel Fund so you not only know how much you have saved, but so it will not get mixed up with the money that normally goes for regular bills and living expenses. After one year of saving for a vacation, you could possibly have $1200 to $2400 saved. This is a good start to your goal of a carefree vacation with your loved ones

The next thing you need to do after you have started a Travel Fund is to begin to formulate a travel plan so a budget can be created. Pre-travel expenses to include in your travel budget might be passports, maps, and pet care. If your family plans to drive to their vacation destination, then budgetary considerations should be made for tolls, gasoline, hotels and food along the way. If flying is the preferred or necessary mode of travel, then airline tickets, cabs, or rental cars should be included on the travel budget. Arrival at the final destination will bring more expenses to include in the budget such as hotels, food, entrance to attractions and museums, transportation costs, and souvenirs.

By following these two important steps when preparing for a vacation, you will be able to truly relax knowing you have prepared yourself financially for the costly good times of taking a vacation with family and friends.

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written by: Jennifer Tankersley

Jennifer Tankersley is the creator of ListPlanIt.com where you can find over 400 printable lists and e-planners including your own Travel Fund and travel budgets, plus packing lists and itineraries to put your life in order.

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In full disclosure, this post contains affiliate links to help support The Budget Diet girl! My advice will always be unbiased and free, but free won’t pay the bills! Thanks!