The following is my personal opinion on how my money is spent, and from there, how I choose to spend it.
What you spend it on is largely dependent on how much you have, and how much you want to spend. There are a few more specific things I’d say about how you spend your money, but the idea is pretty universal.
It is my opinion that most people spend more than they have on their purchases. Not all of them, but most. There is a very large contingent of people who pay up for something that I believe is overpriced. Most of us have been there, and we know what it feels like. To be honest, I have spent more money on things that I wanted than I actually had. You can probably guess that I am not the first person to do this.
I spend more money on things that I want over things that I actually need. In fact, I’m not even sure I would say I spend more than I have on things that I wanted. I’m sure there is a very large group of people out there who would say that they spend more than they have on things that they want.
It is true. We spend more than we have on things that we want, and we spend more than we have been told we must have.
If you are reading this, then you probably have a small amount of savings saved up that you currently wish you could increase. However, if you are a frequent traveler, then you will probably be spending way more than your savings can afford. The problem is that you cannot spend more than your savings in a bank. So you cannot just increase your savings to cover your spending. You need to increase your income, or in other words, make a bigger sacrifice.
We’re talking about traveling to exotic places and taking expensive trips. So if you’re traveling to India, Africa, or any other foreign country, then increasing your spending to be able to afford these trips will be a very difficult task. The easiest way to increase your expenditures is to make them cheaper. For example, if you are going to purchase a vacation home, then you can decrease your spending by taking less trips. You can also reduce the size of your travel budget by taking shorter vacations.
The amount of money you can save with a reduced travel budget depends on many variables. For example, if you are traveling to an exotic location, and you live off of a small budget, then you can drastically reduce your travel budget by taking a longer vacation. A year or two in India, for example, would reduce your trip budget by about 95% and allow you to use your money less effectively.
The average travel budget is $4,000, so that’s what we’re talking about in this article. A year’s worth of trips, if you take long vacations that span a year or two, would reduce your travel budget by about 95%. That’s a lot less than the cost of a flight to that exotic location.
Well, I’m not sure why you don’t just take a year or two off. You’d lose a lot of money in the process. But if you’re just looking to save a few thousands or something, then thats okay.
