Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Carefully Consider Travel Whims; Can You Afford to Give in to Wanderlust?

Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Carefully Consider Travel Whims; Can You Afford to Give in to Wanderlust?

Article excerpt

Byline: shan e bradbury

WHETHER it's long service leave or a short sabbatical, it's a dream held by many to do away with work responsibilities and explore the world. But is it financially viable?

Most people at one point in their working lives have stared off into the distance and daydreamed of their next big travel adventure.

And fair enough. We've all got those friends and family members who seem to be perpetually globe-trotting, intent on driving your envy levels to crazy new heights each and every time you check your social media.

One week they're kicking back at the opening of a chic beach bar in Bali, the next they're tucking into some traditional pizza in a centuries-old establishment in Naples.

But before you throw all caution to the wind and request extended leave -- or quit completely -- it's wise to look at your financial commitments and make a calculated decision about what's achievable.

Travel costs to consider

MOST people are aware of the obvious costs associated with travel.

They're your plane tickets, nightly accommodation, daily food and drink budget, transport costs, and excursion expenses such as tour guides, cooking classes and ski passes.

But all too often people underestimate just how quickly the costs stack up -- especially when you're in carefree holiday-mode.

So it's important to figure out how long you want to travel, and then create a conservative travel budget using a spreadsheet, or by giving yourself a daily spending allowance. For longer trips it's very easy to blow out your budget by buying a gift for a family member, having a few extra rooftop cocktails, or forking out for a slightly more plush hotel room.

And that can quickly add up, which could cut your trip short.

So make it easier for yourself by monitoring how much you're withdrawing from your bank account each week and then tracking your progress in a spreadsheet.

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