With the New Year coming, comes along new resolutions for the year. Those thinking to travel across the world are also high, but probably this wish stands second to a debt free resolution. But you certainly do not have to be debt free to plan your trip. Just make things cheaper for yourself and you can simultaneously manage both the things well. With some good research, efficient planning and some great tips, you can manage to pay your debts while discovering the world.
Just use cash for upfront payments
The most significant point to keep in mind while traveling along with debt is to think if you can actually afford it! It doesn’t mean that you have to keep all your expenses on your card. It means that you have to make up-front payments in cash. If you cannot pay for your trip up front, then you shouldn’t travel. And, if you have enough cash to travel along with efficient monthly repayments, then go around.
Well, do not forget… you do have to make certain sacrifices. For instance, if you’ve planned to stay in a 5-star accommodation, then consider alternatives like home exchange, house sitting etc. If you cannot afford international trips, then go domestic. Smaller trips are also considered as travel.
Budget travelers have endless opportunities out there along with keeping a hold on their debt.
Do proper research
Traveling with debt means you need some good amount of research. You have to abide by a tight budget and find out the most cost effective means to sustain at your desired location. What is average cost of accommodation, food and attractions? Try to book hostels rather than hotel accommodation. And, after getting your accommodation arranged, plan for transportation.
If you’re looking for the most inexpensive travel deals, then be flexible with your tour program like flying in the mid week, touring off season. Travelling in the holiday season is expensive in comparison to off season. The more the demand of flight tickets and accommodation, the costlier it gets.
Have food locally
People often spend a lot on eating while traveling. In order to save this money and to have a completely authentic experience, dine with the locals. An eatery with locals is bound to be sumptuous and affordable. Carts and food trucks are amazing budgetary options. Street food is yet another cheapest and tastiest option to enjoy the local cuisine.
Another cool way to save cash is take in season food from the local market. It is an easy and low-cost meal. Purchase water, fresh fruits, chesses and baguette for a perfect picnic with free sightseeing locations.
Travelling with a debt on you could be hectic and tedious. Sometimes, people get confused between different debt payouts. However, you can surely opt for a debt consolidation loan and pay singularly for all your debts. This is not just simple, but also reduces your overall rate of interest and gives you extended payment duration. Visit here for more knowledge on debt consolidation.