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Financial Planning For Your Big Exploration

June 1, 2020

It’s not uncommon for a person to have the urge to explore the world in which they live. Just as the aborigines in Australia went on a walkabout to find their manhood, modern people often travel to learn something about life and the world.

If you really want to spend some time discovering what the world has to offer, you will need some funding to back your adventure. Take a few moments to consider some tips on how to gather the funds you’ll need to truly explore your innate connection to the planet.

You need reliable transportation

You can explore a whole lot of ground with a reliable vehicle. Take the necessary steps to procure a fitting vehicle for your journey. Make sure you have the documents you need to get a car loan, and work to get your credit in good shape (if it’s not already).

If you’re planning on traveling to another continent, then you’ll want to research the most reliable airlines. Research scheduling options, and look into how flexible your schedule can be. You may want to shift gears in the middle of your journey, and you need to know that it’s a feasible option.

You need a specific saving account

Your exploration needs to be intentional. Financial planning will grant you the freedom to travel without worry. Set up a savings account that is specifically allocated for your travel funds. Add “travel” to your budget planning, and invest in the patience it takes to collect a comfortable sum.

Plan for the expense of documentation

Don’t forget about the cost of proper documentation. If you plan to travel internationally, then you’ll need a valid passport.

Depending on where you plan to travel, you may need to apply for visas and other documentation to safely enter those places. You will also want to make sure you can cover the cost of any inoculations you may need to enter specific areas of the world.

Consider the exchange rate of money

You may have money to spend on your travels, but don’t forget to consider the exchange rate of your money in the countries you plan to visit along the way. The math will shift a little from country to country, and you don’t want to find yourself without enough dough to get back home.

Make sure you have stability when you return

When considering what it will cost to take your own personal “walkabout,” you need to include the money it will take to procure your stability once you complete your travels. Do what it takes to procure a safe place to live, a way to make money, and plenty of dough to buy the basics of survival.

 

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Surfing is life, and life is surfing. Marvericks Invitational is the world's biggest surf competition. And although we don't actually run this competition - we use the name to talk about all things beach-lifestyle. I'm James and the other writers on the site are Jarred and Melissa. We work as a rad team! :) Read More…

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Surfing is life, and life is surfing. Marvericks Invitational is the world's biggest surf competition. And although we don't actually run this competition - we use the name to talk about all things beach-lifestyle. I'm James and the other writers on the site are Jarred and Melissa. We work as a rad team! :) Read More…

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