Whenever we talk about finance, we have seen people talking about Emergency fund, investment and other things. We often forget about one things which is now became a necessity that is taking holidays or travelling. I think I have seen people taking atleast one big holiday in a year. It can be more but 1 us fixed. Now the problem is the fund requirement of that travelling can be worrisome.
People living with paycheck to paycheck finds it hard to go for long trip because they lack that travelling fund. And similarly who plans it well try to go to some exotic places. I think what people do is tonget money from the emergency fund thinking they will fill it later but that is so wrong.
Having your emergency fund is very much necessary from the starting and you should not touch it if there is no emergency. For travelling you should have a separate fund that will help you to fund your travel. You travel based on the travel fund you have. If you have a good amount travel to a great place, if you have less than manage it from there.
You should not touch your emergency fund as well as you should not borrow money, which eventually leads to unhealthy financial decisions.
What I do is to keep some amount every month whetever is left after my investment and expenses to a travelling fund and then if it's enough to take a small break I go for it otherwise wait for it become more so that I can travel. That is nothing but planning it ahead in terms of money for your planned or unplanned holidays.
This actually helps in managing your finances better too. A lot of people do travel and without planning it actually dents your pocket. So do not do any mistake and have a Travelling Fund with you.
