When we start earning we have lot of things in mind. Though many people think that young age is the perfect time to travel and explore new things, but most of the time during our early life stage we stay so much busy earning that we forget to enjoy the bliss of traveling. If you have missed many chances to travel already, don’t worry you can get enough chances after retirement as well.
Though you have limited budget but you have a lot of time to plan in your retired life. Here are few tips to help you plan some exotic trips on a fixed budged when you are retired.
Think before spending: Saving and spending are two different buckets and these buckets should be filled as per priorities. If you love traveling very much then you can avoid buying few expensive stuffs. May be you buy a less expensive vehicle or less furniture so that you can save more for your retirement trips. Also plan your retirement trips when you still have a job and set up your budget accordingly.
Budgeting: Retirement travel doesn’t mean you only need to go for a tight budget travel. Remember, you will need much more comfort during your trip because of your age. So you need to select a travel package that can provide you enough comfort that too within your budget. Do your budgeting according to your capability. For example if you need $5,000 to $6,000 for Europe trips that can provide you complete comfort then try to save that amount first so that you can have a trip as per your convenience.
Grab last minute opportunities: The advantage of traveling during retired life is you have enough time in hand. This time you can plan a last minute trip without thinking about leaves or week off. This can help you to cut out your travel expenses as well. Many travel packages, airline prices, and hotel prices suddenly drop for a certain time period to fulfill their last minute requirement. You can grab those deals and plan a sudden trip to save money.
Avoid seasonal vacation time: If you plan to travel during Christmas and New Year, Memorial Day, and Thanks giving day then it can cost you a lot. You can enjoy those festivals at home with family and can travel during off season. Here are the days that can cost you most and least. You can do your planning accordingly.
Destination choice will matter: When money is on stake you need to think very smart. You can’t spend as much as you want as you can’t re-earn them when you are retired. Travel budget depends on the destination and thus you need to choose places accordingly. You can easily find cheap but exotic travel destinations like Thailand, Indonesia, Philippines, Greece, and other such places if you plan budget wise.
Research will help: You can do some research to lower you trip budget. You can find out ways to visit expensive places with minimum budget if you know all the details. Just pick a destination and check when the hotel price is less there, check out for cheap food stalls, and cheap airfare time.
Finally, take care of your health and lead a healthy lifestyle so that you can avoid few medical costs. Also consider suitable insurance plans like, health insurance and travel insurance to get some support.