Do You Like to Travel?

[DebbieL]

I love to travel and wish I could do more of it. We take about 1 major trip per year or so. Love it.

[LivingAlmostLarge]

I love to travel. I'm an addict. But my DH loves safer travelling, like Disneysteve's wife. More tours or "safer" vacations.

Me I like off the beaten paths and harder travelling like backpacking.

But we compromise and go to more safer places because at least my DH will go. I still can't get him to India.

He'll do europe and stuff but I feel it's so vanilla and we can do it with kids. Without kids I want to go places I worry would not be kid friendly.

[ParsnipsRhubarbCelery]

I love to travel when I know there is a really excellent favorite restaurant at my destination :-)

[sakigt]

Traveling takes up a large portion of our budget. We try and do 2 small in the US trips plus 1 outside the US trip a year. This year is kind of crazy since were getting married. Two in US trips, a trip to Mexico and a Cruise.

Choosing the location is usually the way we save money. We sleep on the couches of relatives and spend like we do at home. Were young though, so that isnt difficult.

[ScrimpAndSave]

Don't drink out of hotel cups.

Please.

[DayByDay]

My traveling dream is to do as much RVing as possible to see nature and historical sights. I don't like planes, hotels, too much restaurant food, or crowds. I don't have a desire to see other countries.

[alexsmith]

Off course, Traveling is so expensive, it takes a big portion of our budget. Traveling is cute hobby and we explored the world and got maximum experience while meeting the different peoples. I love traveling and when I have got a chance or vacation then we planned our tour.

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[F16]

I love to travel. It just feels great to experience other country's cultures and see what they are like. I have also been planning to go on a cruise some time later this year. If you make all the money in the world and you don't enjoy it, what's the point of having that money?

The point is to build financially more secure future.
To be sure that you will never be in a dramatic situation.

[F16]

As for me, I am not a great fun of travelling, hiking, mountaining and so on.
One of the great reason to say no to any such activities is ... saving money.
You can save a lot of money instead of going to other countries and making rich other people. When you travel, you spend everywhere. And what you get instead, just impressions, nothing that can make you feel more secure ot fulfilled. IMHO.

[disneysteve]

One of the great reason to say no to any such activities is ... saving money.
You can save a lot of money instead of going to other countries and making rich other people. When you travel, you spend everywhere. And what you get instead, just impressions, nothing that can make you feel more secure ot fulfilled. IMHO.

What is the point of all the saving, though? Isn't the point of saving money now so that you have it to spend later? For example, we are saving money in a 529 plan for our daughter so that we can spend it later to help pay for her education. You could say we could save even more by not sending her to college.

Sure, we could save more money by never taking a vacation, but what fun would that be? We've learned so much, seen so many wonders, made so many terrific memories and met some great people by traveling. Does that make us feel more fulfilled? It sure does.

I think life would be pretty sad if we just sat at home all day saving every penny we could and never getting any enjoyment out of all of our hard work.

[LivingAlmostLarge]

But you do have a chance to experience other cultures, meet different types of people, and broaden your mind and opinions. Not everyone is the same and having the oppotunity to travel did a lot for me. It was appreciating everything I have here in the US when compared to the poverty I've seen travelling.

Also you learn greater compassion sometimes. I tend to agree about saving money, but all the money in the world won't save you when you have to die. And there is more to life than money.

Would you have the same view if at 32 you were diagnosed with cancer? I think perspectives about appreciating your family and health become imperative. Saving money is great, but so is appreciating the time you have on earth. And so is contributing to society.

[F16]

What is the point of all the saving, though?

Hello Steve! The point of saving and investing your hard-earned money is to secure the future of yourself and your family. Saved money must go not for fun, ice-cream, nice foods, restaurants, movies and so on.
It is intended for investments that can pay back the money you have invested. For example, if you buy a 1 bedroom apartment for $100,000 and then rent it out, say, for $1000/monthly, in about 8 years you will get all your money you have invested, in this way, you can say, that you have bought 1 bedroom apartment for $0.

What is the point of all the saving, though?
Isn't the point of saving money now so that you have it to spend later? For example, we are saving money in a 529 plan for our daughter so that we can spend it later to help pay for her education. You could say we could save even more by not sending her to college.

The situation with college education is quite different.
Society demands that. I mean college education.
Otherwise, I think that your daughter will be grateful when she receives the money (college money) when you invest it, and make say a million of bucks.

What is the point of all the saving, though?
Sure, we could save more money by never taking a vacation, but what fun would that be?

Well, certainly, the situation I've described is impossible.
Everyone have to go somewhere, spend some money and so on.
But it had nothing to do with becoming rich and so on.
It has to do with becoming poor.
Spending means becoming not rich.

We've learned so much, seen so many wonders, made so many terrific memories and met some great people by traveling. Does that make us feel more fulfilled? It sure does.

Well, that's great!

I think life would be pretty sad if we just sat at home all day saving every penny we could and never getting any enjoyment out of all of our hard work.

It depends on what you want from your life I think.
If you want constant fun and party and drinks and girls and so on...
That would lead to nowhere. All IMHO.

[F16]

Saving money is great, but so is appreciating the time you have on earth. And so is contributing to society.

Great said, thank you for your comments.
We have to find a compromise.
We have to reject something, to free up some cash.
You can't save for retirement, save for kids education, save for home, for vacation home, for boat, and on the same time have fun european vacation with lots of presents bought for friends and relatives.

[LivingAlmostLarge]

I'd like to know where you buy a 1 bedroom for $100k and rent it for $1k/month? Hmm...that'd be quite a return.

There is nothing wrong with having fun. There is also nothing wrong with having less in retirement. Gee I'll be sad when I have $5M instead of $10M.

What's the point? Did you rea the $1M retirement question where JimOhio points out $1m might be enough for most people?

And that no one said european vacations and tons of present were the norm. DH and I ZERO presents when travelling. People don't need dustcatches. At most I send a postcard.

And why can't you have a home, car, boat? Maybe a used boat will suit you on a modest house on the lake? Is that wrong? Nah.

Or a lavish home, but you prefer to not travel. Sure it's choices. But it's not wrong to choose to spend your money on fun.

[disneysteve]

Hello Steve! The point of saving and investing your hard-earned money is to secure the future of yourself and your family. Saved money must go not for fun, ice-cream, nice foods, restaurants, movies and so on.

Spending means becoming not rich.

You can't save for retirement, save for kids education, save for home, for vacation home, for boat, and on the same time have fun european vacation with lots of presents bought for friends and relatives.

I think I understand what you are saying, but I have to disagree to a point.

"Saved money must go not for fun" Do you really believe this? Do you think people shouldn't get to enjoy any of their money and only spend for necessities of life? People save for all kinds of goals including fun things like new vehicles, vacations, parties for special occasions and recreational equipment (boat, RV, snowmobile, etc.).

"Spending means becoming not rich." is only true if you are spending INSTEAD of saving. It is very possible to spend AND save at the same time. For example, we max our Roths, my wife funds her 401k, we contribute to taxable investment accounts, we fund our daughter's 529, etc. So we are saving to secure our future. But we also are able to travel regularly, dine out, buy nice things, give gifts and spend our money in other ways. It doesn't have to be an either-or proposition.

There is absolutely nothing wrong with spending money as long as it is done responsibly and within the bounds of a well-thought-out financial plan that takes into account all your needs and goals, both short-term and long-term.