The summer is fast approaching. This is reason enough to smile. Winter has lost its icy grip and nature has started to display its finest. Even if you are an adult, you still need a vacation. Do not let those days go unused. Take a break from work and take advantage of the summer break. Maybe you are afraid of price. Your vacation spending is normal, yet you are struggling to pay off credit card debt.
No matter what financial situation you may have, you can enjoy lovely moments. Traveling does not mean adding debt to the equation. Plus, it is regretful to miss out on the opportunity to explore the world while you are able to enjoy it. Keep on reading to find out how you can pay off your debt and travel the world. So, sit down and create your travel list.
Cash is still king: Pay cash for your holiday
Life is too short. Instead of being upset about the situation, you should better take positive action and change your life. Perhaps you have credit card debt. Well, you are not the only person. In the United Kingdom, for instance, almost every home owes money to credit card firms. Surprisingly, that does not stop them from going on holiday. They travel in spite of their fragile situation. They see the world together with their children, acknowledging that debt is a normal part of life. Change your attitude and you will be able to change your situation. If you have credit card debt, do not go travelling without cash. You will not be able to resist spending temptations and you will no doubt increase your debt. It is advisable to pay for the vacation upfront. Do not put the vacation expenses on your credit card. Just because you can use the credit card whenever possible, that does not mean that you have to. Pay in cash. In the off-set that you cannot afford to pay in advance, then maybe you should stay at home.
Budget enough money to cover your credit card payments
So, you have decided to travel to Spain or France. The only problem is that you owe thousands of pounds in credit card debt. You do not want to look for solutions in the mail. Very well. The best course of action is to look for the best IVA companies and set up an IVA agreement. It is a form of insolvency, but it should not be confused with bankruptcy. When things get out of control, you may feel overwhelmed and do not know what to do. You have the solution. All you have to do now is to write off your debt.
Review your payments to determine what is affordable and arrange an Individual Voluntary Arrangement.
Next, you will have to budget sufficient money to cover your payments while you are away. It is important to do this if you are not willing to wait until you have not eliminated your liability. The most important thing is to stick to the debt repayment plan.
Figure out how you can minimise costs
As you get older, it is more and more difficult to travel. You start your own family and skyrocket your career. Your life does not stop simply because you have responsibilities. Yes, but you will not be able to go away whenever you feel like it. When it comes down to succeeding with debt repayment, you must eliminate unnecessary costs. The best holiday is not necessarily the most extravagant one. You can have a great deal of fun while spending less. Put your mind to the test. How can you possibly save money? There is no reason why you should book a stay at a hotel. Hotel accommodation is expensive to say the least. Paying four digits for one hotel night will not make you comfortable. Try staying in a hostel.
This is much more than a place to stay. It is the place where you can meet new people and reduce your impact on the planet. More often than not, it is required to share rooms and bathrooms, but you will not mind that. It is equally possible to save money on food. A significant percentage of your budget goes on nourishment. Why eat in restaurants when you can make your own delicious meals? Visit the grocery stores and see what you can find. If you do not have the necessary means to cook, that is perfectly fine. A piece of fruit or a few slices of meat and cheese will fill your stomach.
Visit free attractions
Admission prices for the most beloved tourist attractions are pretty high. If you go to Paris, for instance, you will not be able to get into the House of Bourbon without digging deep into your pockets.
The time spent there is not boring. Far from that. It is only expensive. The good news is that you do not need to spend a lot of money to visit some of the world’s most popular attractions. There are many budget-friendly places, not to mention free sites that you can see. If you have your heart set on Europe, you can witness the sunset from Piazzale Michelangelo. Better yet, you can visit the Louvre for free. Musee du Louvre does not charge for admission. Research the location where you will be heading to and get a good understanding of the transportation system. The vast majority of places have inexpensive bus, train, and metro options.
Get up and go
The bottom line is that you need to have a clear picture of your financial situation. Determine if you are able to keep up with payments and, if not, do something about it, as there are solutions that can help you. IVA can provide relief to individuals that find themselves in unfortunate situations. Travel may not be your passion, yet it is an incredible opportunity to broaden your horizon. Right now, you do not have a great deal of disposable income. However, if you keep track of your spending and make an effort to give all the money that you owe, things will certainly change.