Thursday, 20 August 2015

How can I travel the world on limited finances?


All humans started as nomads and there is a travel bug affecting each one of us. Some are so severely affected by it that normal life seems mundane and boring. They have to get out every once in a while and see the world. That is what keeps the engine running. But the problem of finance keeps most of these birds tied down. While the itch to visit different countries is ever fresh, rustling up the money to fund these trips brings them down. More so if it is a young person making his/her way in their careers.

For these dreamers, the first roadblock comes when they have to take time off work. If this is crossed, they still have to think about where the money will come from. Even if they have the money, most will think twice before spending a big amount at once. So it is with many such avid travel seekers. It may be a cliche but you only live once so it need not be this way. 

The world has moved on and our shifting out of our mental blocks might help you take that bi-yearly trip. Be it watching cricket in Australia, trekking the Serengeti or window shopping in Paris. All these should be possible if you first, are willing to budget properly and two if you are willing to take a minor overhead. Our thinking has moved on and we are willing to travel alone, backpack etc but what is more important that our attitude towards money shifts. We have all seen and read about how people from different countries and even ours take time out to travel the world. They can do this because travel is their priority and everything else can be taken care of.

Our financial institutions these days are willing to lend money for travel to eligible applicants in the form of low interest Travel Loans. These loans, post approval, can be used for any purpose be it for the cost of tickets or for expenses on tour. And you can easily pay them down in a tenure of your choosing. If you get a raise you can also pre-close the loan and apply for another one again. So do not despair if you don’t have the money to travel now. You can still do it.

You can go to any bank and apply for a travel loan but it is not really advisable. The better idea is to go to an aggregation site like this and check for the best option from among the offers of different banks. You can enter your personal details, financial details and requirement on the site and it will give you the best option based on the company you work in, salary, bank account and other details. This way you can be assured of getting the lowest rate of interest possible that will make your travel dreams come true.

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