There’s nothing worse than getting all geared up for travel only to find out you don’t have the money to do so. Maybe it’s an unexpected expense that comes out of nowhere or just poor planning on your part – no judgment, we’ve all been there! It’s just really frustrating when it happens to you, particularly if you’ve been really counting on this trip to just get away from it all and recharge your batteries.
It’s always a good idea to have a bit of money stashed away for a rainy day, which depending on where you live, might be a little more often than not (I’m looking at you, Scotland!), but especially for leisure activities too. Nobody wants to be that person who has to say no to their buddies who are taking off to the islands or are planning a weekend in the city because they don’t have a quid to spare – so take heed of these words of wisdom!
Got a Savings Account? Actually Use it!
Many people have a savings account but use it more as a duct taped piggy bank with a hammer right next to it. Get a cash isa account in the UK and put it to use as it was intended – to make your money grow. Take a little off your pay each time and put it in there for safe keeping. Forget about it even. If you know you’re someone who is impulsive with their spending, don’t have it hooked up to a bank card so you won’t be as tempted to use it when you are out on the town.
Make a List of Your Expenditures and Start Trimming
I don’t care who you are, you can take a little off the top of your expenses to put towards some sweet trip abroad. It might not be fun only eating out once every fortnight or only having drinks with the mates half as much but in the end, when you’re laying on some beach enjoying to good life, you’ll be much happier for doing without a teensy bit.
Credit is for Emergencies
In the same vein as savings accounts, people too often use credit cards for impulse purchases, except with credit you can easily spend more than you have. An emergency credit card is only for those unexpected things that you don’t immediately have money for, or those things that don’t accept cash. You have to pay it back eventually and how much it is depends entirely on how long it takes.
Don’t Live Beyond Your Means… Too Much
If you really can’t afford a trip abroad, maybe it’s a good idea to just hold off on it for the time being. A trip to the Maldives or Tenerife isn’t an emergency and if you know you have fixed expenses that need to be taken care of, it’s better to do without than to stress about how you’re going to live. With this in mind though, you do deserve to have a little bit of fun every now and then… just be sure it’s within your means!