Ask people who don’t travel why they don’t, and one of the main reasons you’ll hear is financing. They simply don’t have the money to do it. While you shouldn’t go into debt to cover your finances, you should’t avoid travel forever if can. Travel can enrich your life, broaden your understanding of the world, and provide you with much needed rest. It can also provide you with lasting memories that you will value for the rest of your life.
Hussain al Nowais says that he understands where you are. He was a college student who basically lived off ramen throughout his four years in school, but he still made a yearly effort to put enough in the bank to travel at least once every year. If you want to travel, but find that you just don’t have the money to do it, here are a few tips from Hussain al Nowais that you might be able to use.
Enroll in a Vacation Savings Program: If you don’t have the money you can’t save it, right? Hussain al Nowais says you should consider enrolling in a vacation savings program that you can find a variety of banks and credit unions across the country. Basically the program allows you to automate transfers to an account that will be locked until an agreed upon date – usually a year. After the year or other set time, you can use that money for any major expense, including a vacation.
Consider How You’re Spending Your Money: Use a program like Mint to track your spending to see where you’re money is going. If you find that you are spending too much money on discretionary expenses, you’ll have the chance to makes the necessary changes to save more. When you start practicing a healthy budget techniques, you can start putting more away to use for a vacation.
Look for Travel Deals: You have probably seen William Shatner in those PriceLine commercials talking about how you can set your own prices. This is just one of many platforms that offer discount travel promotions. You may also want to consider going to a place at off-peak times or going to less traveled places where it may be more affordable to travel. Hussain al Nowais says you’ll be amazed by things you might find.