AskFor a person who loves to travel (like ME), would it be wise to put a specific travel budget on your monthly salary or do you have to wait until you get a passive income (money not coming from your monthly salary)in order to travel into your favorite destination??
Many Thanks!
3 Responses to “Travel Budget”
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I think you should just allot a portion of your monthly income for a travel fund. This will encourage you to be frugal and be disciplined with your daily spending. Also, this way, you get to travel more often, without ruining your budget.
When you finally get passive income, use a portion of that and add it to your travel fund and invest the rest to get more passive income.
Rinse and repeat until you’ve seen the whole world. š
thanks alot Sir Fitz!!glad you started this website…ive learned alot!
I have a travel fund in place so I know where I will get my money for this kind of activity. I also know when to temporarily stop traveling and when to splurge. Lucky for me my friends are more interested in budget travels so we can travel more in a year.^_^