The SECRET WAY Rich People Plan Travel
Whether the sun is shining or you're trying to escape a cold front, you always want to be ready (financially, of course) to pull out your bikinis and plan your next pina colada drinking, beachside getaway.
But not so fast....how much is that trip really going to cost you? Is your budget prepared to drop $$ on that first-class ticket to the South of France?
Many people set aside 5-10% of their net yearly income for leisure travel, but this can vary greatly based on the type of vacations they’re planning. My personal favorite budgeting option for vacations is the 50/30/20 rule:
- 50% of net income is spent on things you need
- 30% of net income is spent on things you want
- 20% of net income is saved
Now if you're not a Start Here student and had no idea about the 50/30/20 rule and you're like Haley there's no way I have any of this income saved to take a vacation, first off, click here to take the course (duh), and second off, re-think your vacation!
Maybe this isn't the year you're galavanting to Tahiti and instead you're taking a train ride upstate to get some time with nature in an Airbnb that doesn't break the bank. Assess what you need a vacation for, figure out your means, and get creative!
We all deserve a getaway (IMO, it's crucial for your mental health and well being!) but if you can't afford the whole shebang, find a way to staycation in your area & get to work building your vacation fund for next year!
My $30 Money Book is less expensive than a plane ticket but if you use it, you'll soon be able to afford to go anywhere you want! Yep, budgeting really is magic. And if you're ready to really get your shit together so you can go to Tahiti someday soon, it's time to try Start Here!