We all come to that point in our lives. When our children have flown the nest, and we’re set to enjoy a well-earned retirement after several years of service at our respective jobs. We spend so many years looking forward to this point, that sometimes we don’t quite know what to do when it comes – but this isn’t the case for everybody. So many people out there, plan to use their retirement to travel, enjoy the world, see new places and revisit old ones. But, how can you get the most out of your long-awaited vacation whilst remaining on a fixed budget? Well, with these top tips you’ll be sure to have the time of your life, without going over your specially designed budget.
Prioritise Your Money
A happy retirement means different things to different people. For some people, it’s the freedom to spend their money on expensive meals and trips out. For others, it may be completely rejuvenating or extending their home. But for some, it’s all about travelling, and going away with a loved one to enjoy new and exciting experiences. If this is you, then remember where to prioritise your money.
If you’re saving for the retirement trip of a lifetime, then there’s not a lot of point in spending money on your house is there? If you’re intending on spending a lot of your retirement at home, then perhaps some renovation and redecoration work could be worth the money, but if you’re wanting to up and off and see the world, then spending money on the house seems rather futile. Some people may even go as far as to sell their home quickly, in order to downsize and raise the cash to make the trip all the more special, and extend the budget. Of course, you’ll also want to make some profit on it in order to put away money to leave some for your children now they’re grown ups too. A great way to make cash quickly off a property is through a quick sale company such as https://www.readysteadysell.co.uk/sell-house-fast/. Not only will they start the valuation process on your current home for free, but they’ll also buy your home for a good price, quickly, for cash. For some people, this could be a perfectly viable option.
Travel in Your Home Country
Another option that a lot of retired travellers opt for, is sticking to travelling in their home country. Of course, as our ages go up, so does the amount we have to pay for the travel insurance we’ll need to take out if we’re planning on travelling abroad. For the vast majority of countries, there are as many beautiful landmarks in their vicinity alone without having to take out the extra expenses of travelling abroad. For example, if you’re a UK citizen, you have access to some of the most beautiful natural countryside and landmarks in the world, and you can get there via car. Whether you fancy going hill climbing in the lake district, or want to view the marvel that is Glencoe in Scotland, there’s something for everyone – and sometimes it’s right on the doorstep.
Invest in an RV
Sleeping in an RV or campervan isn’t to everybody’s taste, but if you have a sense of adventure and like being on the road, this could be the way forward for you. Of course you’ll have to consider fuel costs, the price of purchasing an RV and if there will be costs to park your RV at specific places when you travel, but in the long term this is potentially a far more cost-effective way of travelling because you’ll save money on flights and hotels. There are several companies that transport ferries full of vehicles to countries all over Europe, so you’ve not even confined to staying in your home country either. That’s a win-win!
Start Your Planning in Advance
Like most great things, travelling takes time, effort, and if you’re doing it right, quite a lot of planning. Last but not least, remember to plan your trip in advance in order to get the best value for your money. Likewise, this will also help you to budget your money in order to travel further, and more luxuriously, if this is what you want. Above all, remember to enjoy the time you spend travelling in your retirement. This time is for you, and your partner if you have one, to go out into the world and enjoy everything it has to offer, so make the most of it!
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