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There will also be times where you need to be strict and say “no” if your gut feeling and bank account tell you that you cannot afford a certain something. Get free Google Docs Green Family Monthly Budget template from professional designers. flights, some ground transport, accommodation, tours (if applicable) etc), so this should also help when allocating your budget to food, shopping and extras.
We tend to book budget/basic accommodation on the road depending on the destination and available options, as all we need is a bed, access to a (preferably) hot shower in a secure room.Ī good chunk of your budget will already be paid or known in advance before you’ve even left home (i.e. By understanding where you plan to spend the bulk of your hard-earned money on your holiday, you can plan where you’ll allow yourself to splurge and other areas where you may need to tighten the purse strings.įor example, we give ourselves extra budget for food and coffee experiences as this is an aspect we love about travelling. We don’t want to sound like party-poopers but the last thing you want is to get ripped off and/or find yourself stuck abroad without any money. And we consider it even more important that you don’t spend beyond your means! We feel that it is important to understand the costs of a holiday before making any hasty decisions. Our budget tab is designed to help with your travel planning decisions. We hope you find it useful and welcome your feedback and recommendations!Ī budget is by no means set in stone. Microsoft Excel has become the ultimate planning and analysis tool, recognised and used worldwide which is why we’ve chosen it to create our trip planner template. Microsoft Excel is not only used by accountants and finance people. And if you also classify yourself as an “unprepared” and/or “unorganised” traveller, our trip planner template is designed to help YOU. There’s a high chance that you’ll fall into both of these categories (we don’t know the exact number but it would make for a pretty neat Venn diagram). And apparently, there are over 750 million users of Microsoft Excel worldwide. On the other end of the scale, there are travellers who prefer to go with the flow, do things spontaneously and are happy to rock up to a new destination and “wing it”.Īccording to the World Tourism Organization (UNTWO), 1.4 billion people travelled internationally in 2018. These travellers are always at the airport on time, check opening hours of attractions before leaving home and have packing down to a fine art form. Travel planning comes naturally to some who thrive on the challenge to find the best deal on a tour, stay at the coolest hotel or dine at the hottest new restaurant. A flexible budget will help you avoid overspending.You’re about to embark on your next adventure – hooray! Each month, look at your spending and goals, Reevaluate and adjust where you assign your discretionary spending. Give every dollar a job, based on your goals and what you discovered when you tracked your spending. It should also include things like groceries, entertainment, gas, or surprise expenses. These can include your goals, such as debt payment or savings. The amount of income you have left is what you can spend on discretionary expenses. If you are paying off debt, such as student loans or a credit card bill, find the minimum payment for each debt. These are expenses you must pay each month, such as rent, insurance premiums, taxes, childcare, or your cell phone bill. Pick the most pressing goals, such as paying off debt or creating an emergency fund, first. Remember, you can adjust these over time. Do you want to save money? Pay off debt? Stop overspending? Decide on realistic goals. Be sure to include automatic payments, subscriptions, and utilities. Spend a month keeping track of everything you spend, whether you pay with a credit card or cash, to find what your real expenses are. This should include all sources, such as a paycheck, tips, Social Security, disability, alimony, or investment income.