Traveling on vacation can be considered an exciting time. Change in daily routine and opportunities discover new places and cultural experiences. However, leaving the country also affects the traveler’s pocketwho will have to pay the travel expenses.

At a time when everything can be bought online, it is easier to plan and organize a vacation, even to book all possible activities in the travel schedule. In this sense, it is useful to have a credit card to cover all these expenses, but these values ​​have to be paid later.

Which is better for my finances: saving or paying off debt?

Credit cards

According to experts, if you are organized with the use and payment of credit cards, they can be a very useful and safe tool when traveling. Otherwise, what the travel specialist website Vamos suggests could happen: “If you don’t have clear control over the expenses you make on your trip, it’s normal to go over budget.” Since the payment system is electronic, you don’t have every cost in mind”.

He coach financier Andrés Mórtola reminds that it is important to consider that you need to borrow up to 40% of your income; because if that amount is higher, it would be considered over-indebtedness.

Also, if cash is required, you have to pay a fee for issuing the transaction and transferring it to another foreign bank in order to be able to withdraw money from the ATM in question. But it’s not all negative, as plastic money offers security, speed and benefits like insurance and rewards.

Five simple tips for getting into the habit of saving

Saving

Now, if you want to play it safe, savings might be an ideal option, but perhaps less comfortable because of the timing. Well, the user has to wait until he has collected the entire amount of money he will spend on the trip before he goes.

The percentage of savings is very important, as this can be used for emergencies or treatment, in this case travel. “It is recommended to start with 10% of salary, but if you are single, live with your parents and work, it is possible to save 20-30%; If you are in an economic crisis and have debts, the value can be adjusted to 5%, it is important to always assign a value to savings”, explains Mórtola.

In the case of travel, a person can limit certain expenses or other expenses with the intention of saving a larger amount. Once the value is reached, the person will be able to leave without worrying about paying debts upon return.

Eight mandatory expenses that you must consider when planning a trip abroad

Be careful with these costs when planning your trip