You would have made a travel plan to your dream destination but did you make a Financial Plan for your travel budget? It is very important to create a financial plan for your dream trip because without having the money, it is not possible to make it a reality.
How to make a Travel Financial Plan?
- Step1: Know the Cost of Travel. (If you are planning to travel a few years in the future, then also adjust that cost for inflation. For Example, you plan for a Dubai Trip in 2 years’ time and you expect the total cost of travel to be Rs.150000 for 2 people.
- Step2: Know how much money, you can save every month exclusively for the trip.
- Step3: Invest this money in an Asset that gives you the highest return for a moderate level of risk. For example, a Mutual Fund that has invested in multiple asset classes to diversify the risk.
- Step4: Use our Travel Financial Planner to know how long will it take for you to achieve your Financial Goal. We have attached a screenshot of our calculator below. You just have to enter the fields in white colour as per your requirements and you will automatically get the time required to reach your Goal.
Surprise! Surprise! You will also get mutual fund recommendation from our AMFI Registered Mutual Fund Distributor based on your needs to start investing.
To receive the calculator - Please visit the “contact us” page on your website, and write to us. We will send you the Travel Financial Planning Calculator on your email.
Keywords: Travel Finance, Travel Budget, Financial Planning, Financial Planning for Trip, Dubai Travel Plan, Singapore Travel Plan, Vietnam Travel plan, Bali Travel Plan, Maldives Travel Plan, Lakshadweep Travel Plan.