Marriage and Finances: How We Plan Our Travel

by Vinaya HS on October 8, 2010

in Finance

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Travel is our #1 goal.

Other goals always take the backseat.

In fact, I’ve put-off some much needed touch-up (dents and bumps) to the Swift in order to meet our travel budget. I’m not a fan of “package” trips and thankfully neither is D. I plan our travel meticulously — everything has to be hand-picked especially the accommodation. Our costs are therefore much higher than equivalent “packages.” We really do spend a ridiculous amount on travel. But we have one simple rule that we live by:

  • No travel until we have the cash to pay for it.

Travel costs are of course fully charged on my credit card but they’re charged knowing that there is enough cash balance in our Travel Fund (we set aside a certain amount each month from our salaries) to pay them off when we return.

Save cash. Travel. Pay card. That’s our mantra.

Over to you. How do you plan your travel?




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 3 comments… read them below or add one }

Vinay October 8, 2010 at 7:59 PM

Excellent!!! I am with you on this :) We follow the same

Rajesh K Mathew October 9, 2010 at 7:18 PM

We normally save up and carry part cash and ATM Cards.
ATM Cards help now, considering that the number of ATMs have grown in numbers.

Vinaya HS October 11, 2010 at 5:37 AM

@ Vinay and Rajesh:

Glad to know that you guys follow the same principle. :-)

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