Financial Literacy 101 · Investing · Lifestyle Tips · personal · Storytime · Travel

Why I Am Taking A Year Off Travel (Storytime)

Why I am taking a year off travel

Each year, the one thing is always look forward to is travel. I love exploring the world, getting lost in new places and experiencing what the world has to offer. One of the best feelings is finally being able to take in the sight of a place I have always wanted to visit.

I simply love traveling. A quick look at my Instagram will confirm this. I’ve been around a few places.

Having been born in Europe, I did a majority of my traveling when I was young. Each holiday, my mother would take me somewhere new, be it too see the beach in Bulgaria, try the amazing calamari in Greece or to spend a white Christmas in Germany.

My mother loved discovering new places and trying out new traditions, which is a love she eventually passed onto me. We had a blast traveling together when I was young and made a lot of good memories.

At the age of 12, I embarked on what was to be the biggest journey of my life to date. With all our belongings packed into a suitcase, we moved to the land of opportunity and kangaroos: Australia.

I still remember how gruelling and long the flight was. We spend 32 hours on planes, tired, grumpy, anxious yet excited for what was to come. This was almost 10 years ago and now I can proudly call Australia home.

After migrating, we didn’t really have a lot of money. In Europe, we lived a very comfortable lifestyle that enabled us to afford quite a few luxuries, with my mom being able to provide for us generously.

In Sydney however, the story was a little bit different.

I wouldn’t say we were poor, but we were definitely struggling. My mom wasn’t able to get her any overseas qualifications recognised, when in Romania she studied medicine and even worked as a surgeon for a while.

We ended up having to work minimum wage jobs just to make ends meet. At the age of 14 I got my first job, earning a whopping $8 per hour. It was then that I truly learned the value of money and hard work.

As you can imagine, there was no travel for a long time!

Not only did we not have any money, we were also geographically isolated. Compared to Europe, Australia was literally on the edge of the world.

Eventually, we got on our feet financially. Soon after I was able to move away from home in order to finish high school and start university.

My mother still supports me a lot to this day, whether it is emotionally, encouraging me to chase my dreams or providing a nest away from home. I love her a lot and I credit her for the person I am today.

Once I was out of home, the travel bug bit! Boy, had I missed it!

Both my partner and I wanted to explore the world, so after high school we decided to take a gap year and travel.

Everything we earned went into our travel fund. To maximise our savings, we lived with family and friends to save on rent, while also both working two jobs.

“We live in a wonderful world that is full of beauty, charm, and adventure. There is no end to the adventures we can have if only we seek them with our eyes open.”(1)

Our hard work got us to the beautiful beaches of Greece, the breathtaking sights of Italy, the rainy country side of Germany, the Eiffel tower in France and of course, to see my family in Romania.

We also somehow managed to squeeze in a trip to Japan, which turned out to be my favourite destination to date.

Last year, our savings managed to get us to Japan yet again, the place both me and my partner were dying to go back to. We had an amazing time, amidst a few hiccups along the way, and would do it again in a heartbeat.

This all brings us right to the now.

We got back from our latest big trip early December last year, and ever since then I’ve been toying with an idea. My partner and I have talked it over and the consensus is unanimous.

We have decided to take a year off travel.

Well, really, I have decided to take a year off travel, since my partner will be visiting his family in Melbourne next month. That’s technically still traveling in my books!

Why?

There are lots of reasons. The biggest one is probably because I feel like this year I need a break. I feel like last year was so fast paced and passed in the blink of an eye.

Also, planning for a trip is kind of exhausting.

As a broke student, or just broke person in general, I have to calculate everything to the dollar and traveling was no different. We had to set up a travel budget, make a saving plan and ensure that we hit each target before our trip. This requires a lot more effort than just buying a plane ticket.

The second reason is because this year I want to focus on building up my financial security.

That means that I want to get that emergency fund where it should be.

It also means that I want to invest a lot more than I have been into assets. Basically, this year I want to grow that net worth as much as possible.

It costs quite a bit to travel and we have to work very hard to save that money. Every time we come back from a holiday, our savings are drained and we are back to being broke.

Now, I don’t know about you, but I’m tired of being broke. I want to be rich! I want to be comfortable!

moeny qutoes

In order to achieve my goals for this year, I have decided to change my habits a little and cut off some luxuries. With traveling being the biggest luxury of all, I have decided to axe this one first.

This is not to say that traveling has to leave you broke.

It is just saying that this year, instead of choosing to invest in an experience, I am choosing to invest in an asset.

Of course, there is no reason why you can’t do both. I actually wrote a post on how you can make travel affordable here.

Don’t get me wrong, the travel bug is still there!

I would love nothing more than to go on a Caribbean cruise, island hop around Vietnam and Thailand and give my partner his first white Christmas in Europe.

However, traveling just isn’t in the cards right now.

And that’s okay. I’m sure next year I will be sitting here telling you a very different story.

I am a big advocate that you should do what is right in your situation. I am also a big advocate that one should strike for balance, especially when it comes to money: spend some, save some and invest some.

This year, I have chosen to invest more rather than spend, and that is why I am taking a year off travel.

As usual, I want to know more about you. What is one thing you are doing this year in order to reach your financial goals?

Let me know in the comments below!

 

Being broke is temporary. Being rich is a journey.

 

 

10 thoughts on “Why I Am Taking A Year Off Travel (Storytime)

  1. After we moved home once my husband’s time in the military was up, we didn’t really do any traveling for a while. Like you, we just wanted to stay put and get our feet solidly under us. It definitely paid off, because we were able to buy our home. Had we decided to become jet setters right away, that dream wouldn’t have happened. Now that we’re more settled (and dipping our toes into the travel hacking waters), travel is back on the table in full force.

    Liked by 1 person

    1. That’s awesome you guys! And wow, the military, so much respect for you guys! My partner’s family is also a military family so I know how much work goes into keep things together. That’s awesome that you guys were able to get your house – shows that a little sacrifice now goes a long way! Where are you guys off to for your next destination?

      Liked by 1 person

  2. You have such an interesting background Corinne! Your Mom sounds like an amazing woman and a very special Mom. And I’m glad that you have been able to travel so much. It’s okay to take a break now while you focus on building your finances. If you love travel (like you do!) you will certainly find the opportunity again before long.

    Liked by 1 person

    1. Thank you for your kind words – yes, mums a warrior! Actually, mums in general are warriors, such as yourself Kat! I know it’s not easy and I hope one day I can be just as amazing as you two and make my kids proud! ❤

      Like

  3. You’re such a good saver! Seems like you’ve learned a lot from the cat incident 😂 It’s great to see how you’ve travelled a lot while being a student. Being able to take a year to travel is not easy so bravo for being able to do it. One year if no travel will fly by so fast you won’t even notice it and a year off travelling to set your financial goals right will set you up for lots of travel in the future. I will also have no travel plans to save more this year 👍 Great post as always thx for sharing your experiences!

    Liked by 1 person

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