| Hi Taylor
- I really want to visit Europe, but I can't get past the cost. I
have the money, but I also want to invest more in retirement and other
things. Is there a way to make travel more affordable or make sure
it's worth the cost? - Jerry
Hi Jerry - This is a tough one. I could go on about how travel
and one-time experiences are definitely worth it, and then you could
spend a few thousand on a vacation you don't enjoy. The answer to
this question has a lot to do with your life and your goals.
I do believe travel is an irreplaceable experience and education.
You can plan your trip around the things that interest you most, especially
if you head to Europe. That part of the world offers a tremendous
variety of cultures, cuisines and sights. I won't guarantee it, but
you'll most likely want to go back after that trip across the ocean.
The real question is, what holds you back? You talked about saving
for retirement - is the issue that you don't have much money set aside,
or you feel anxious about reaching retirement and not being entirely
secure? As you know, I'm a big advocate for maxing out retirement
accounts and making sure you have enough put away, but I also urge
people to not waste their best years planning for life in their 60s
and 70s. If a trip to London won't keep you from contributing to your
IRA, I think you should book that ticket.
Travel doesn't have to be as expensive as some people like to make
it. With hostels and Airbnb, you can skip the ridiculously expensive
hotels and spend your nights getting a more authentic experience.
A little research will also help you find the best places to eat that
don't cost an arm and a leg, and I usually find those recommendations
beat out the pricier options.
You said that you really want to go to Europe and I have no intention
of talking you out of that. It sounds like that trip is important
to you, and I think it's the type of experience you can't really put
a price tag on. As long as you aren't paying for the whole trip with
a credit card and quitting your job without a backup plan, you should
take that vacation. If you still have economic worries, get a credit
card that earns travel points and see if you can't help yourself out.
I think your head is in the right place, so just take a step back
and let your heart get involved. I hope you'll send me some great
European pictures when you get back, Jerry!
| © Taylor
Kovar December 28, 2018
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