Travel Budget, Money Matters, Financial Talk Mom, can I borrow ten grand?! Gimme yo mastercard! How the heck can I pay for my trip?! Ideas for making money. How much dough do I need?
|
|
07-28-2006, 10:45 AM
|
#1
|
Sex and the City Guru
Join Date: Jun 2006
Location: Miami, Canada
Posts: 648
Thanks: 0
Thanked 0 Times in 0 Posts
|
Im scared im not gonna have enough cash and im toying with the idea of upping my (paid off) line of credit just in case. What do you guys think? Any of you used a loan to travel before??
__________________
"Well, I had one that I was playing Quidditch the other night," said Ron, screwing up his face in an effort to remember. "What do you think that means?"
"Probably that you're going to be eaten by a giant marshmallow or something," said Harry, turning the pages of The Dream Oracle without interest. - Harry Potter and the Order of the Phoenix
|
|
|
07-28-2006, 10:55 AM
|
#2
|
TPunk Emeritus
Join Date: Mar 2004
Location: Here and there
Posts: 1,633
Thanks: 0
Thanked 0 Times in 0 Posts
|
It depends if you want the loan hanging over your head when you get back. Nothing beats the feeling of being debt free or in less debt.
Also I love your signature!!!
__________________
Amber
"If I had a kid I'd f**k it. Then kill it. Then f**k it again." Seattle 2006
blog of travels and such
flickr
Currently located in HAWAII
Been to: Alaska, Bahamas, Canada, Costa Rica, France, Germany, Hawaii, Spain, Switzerland - - also meetups in Chicago, LA, and Seattle
|
|
|
07-28-2006, 11:16 AM
|
#3
|
Members
Join Date: Feb 2006
Location: Hometown NYC, U.S.A.
Posts: 459
Thanks: 0
Thanked 0 Times in 0 Posts
|
Loans are fun! No really the last thing you would like to do is to have that over your shoulders and in your head thinking how you are gonna get out o'em. (Y'all) heheh :greenguy:
__________________
Life comes and goes, stay in motion & it will never pass you by.
Live off your parents, until you can live off your kids.
|
|
|
07-28-2006, 11:18 AM
|
#4
|
Minister of Offense
Join Date: Jun 2004
Location: San Fran Disco
Posts: 6,528
Thanks: 0
Thanked 0 Times in 0 Posts
|
I've done it... and yes, it was a bitch paying it back after coming home, but hell, you only live once
|
|
|
07-28-2006, 11:26 AM
|
#5
|
Sex and the City Guru
Join Date: Jun 2006
Location: Miami, Canada
Posts: 648
Thanks: 0
Thanked 0 Times in 0 Posts
|
lol thanks blinkchick yeah i dunno i was only planning on getting it increased to 2500 or 3000 just as a little extra i dont really wanna touch it but since our wonderful canadian money is cut in half when we get over there i think i would be safer taking it lol
__________________
"Well, I had one that I was playing Quidditch the other night," said Ron, screwing up his face in an effort to remember. "What do you think that means?"
"Probably that you're going to be eaten by a giant marshmallow or something," said Harry, turning the pages of The Dream Oracle without interest. - Harry Potter and the Order of the Phoenix
|
|
|
07-28-2006, 02:10 PM
|
#6
|
T-PUNK VICE ADMIRAL
Join Date: Jan 2005
Location: Atlanta, GA USA
Posts: 1,313
Thanks: 0
Thanked 0 Times in 0 Posts
|
Increase it. Only use it if you have too and its good to have in case of an emergency. Just pretend like you dont have it unless you REALLY need it and all will be good.
Foo
__________________
"To Alcohol! The cause of--and solution to--all life's problems." -- Homer J. Simpson
"I didn't get to where I am today worrying about how I am going to feel in the morning." -- Ron White (Blue Collar Comedy Tour)
"I was born to lose and destined to fail." -- Mike Ness, Social Distortion
"Eat healthy, exercise daily, die anyway" -- My motto
"Everyone I know, goes away, in the end...I will let you down, I will make you hurt..." -- Johnny Cash (NIN Cover of "Hurt")
I am traveling around the world until I find something that makes me want to stop. I am an aspiring photographer and hope to find whatever it is I am looking for...
|
|
|
07-30-2006, 12:31 PM
|
#7
|
Tpunk Senior Moderators
Join Date: Feb 2006
Location: Birmingham, England
Posts: 2,224
Thanks: 0
Thanked 0 Times in 0 Posts
|
I would increase it, just in case. The way I figure is, this may be something you only get to do once in your life, and if you don't do all the stuff you want to, cos you're worrying loads about your money, you'll regret it. Of course, don't use the money unless you're pretty sure you can afford to pay it back once you get home.
I plan on using part of my interest-free graduate overdraft when I go away, because I'll have no commitments when I get home, and nothing to save for, so I know once I get a job I'll be able to pay it back relatively easily.
__________________
|
|
|
07-30-2006, 12:35 PM
|
#8
|
TPunk Emeritus
Join Date: Jun 2004
Location: Leigh On Sea, Essex
Posts: 3,331
Thanks: 0
Thanked 0 Times in 0 Posts
|
^ good luck on getting that job Lauren....i dont know one person from uni who has managed to get a job yet (thank god im going into teaching!)
__________________
I have two skins, one to lie on and one to cover myself with; the earth and the sky. (Masai proverb)
FANCY A READ...TPUNK BOOK CLUB CAN BE FOUND HERE
what goes around comes around
|
|
|
07-30-2006, 01:02 PM
|
#9
|
Tpunk Senior Moderators
Join Date: Feb 2006
Location: Birmingham, England
Posts: 2,224
Thanks: 0
Thanked 0 Times in 0 Posts
|
Oh no, I don't mean a real job!!!!!!!
I'm applying to go back to uni next September, so I'll be temping for 8 months or so. Temp jobs are pretty easy to come by down here. I wouldn't be anywhere NEAR as confident at getting a proper job!
__________________
|
|
|
07-31-2006, 09:22 PM
|
#10
|
To Smart For Mensa
Join Date: Jul 2004
Location: Salt Lake City
Posts: 5,585
Thanks: 3
Thanked 1 Time in 1 Post
|
using a credit card to travel was the worst idea i ever had.
__________________
Adventure needs to be as much about discovering yourself as it is about discovering the world.
|
|
|
07-31-2006, 09:51 PM
|
#11
|
Minister of Offense
Join Date: Jun 2004
Location: San Fran Disco
Posts: 6,528
Thanks: 0
Thanked 0 Times in 0 Posts
|
I think there's a fine line between increasing your line of credit to have a cushion... and financing your trip courtesy of Messieurs Visa & Mastercard
(Ok, it's kind of a big, fat line...)
|
|
|
08-01-2006, 12:35 AM
|
#12
|
Admin
Join Date: Jan 2003
Location: spiznain
Posts: 6,581
Thanks: 46
Thanked 13 Times in 11 Posts
|
Increasing your credit line is not the problem. Money management is.
In general, if you are not able to manage a small amount of money, then it will be extremely difficult to manage a larger amount of money.
If you can use your credit responsibly, then having a large limit won't tempt you and you will really only see it as an emergency fund.
If a larger credit line makes you feel like a kid in a candy store and you have no idea on how you will pay it back, then you may find yourself up shit creek without a paddle. Excuse my ghetto
And now, 8 lottery winners who lost their millions.
They all had many excuse, but at the end of the day, they didn't know how to manage their money properly. ie...
x amount for investing
x amount for education
x amount for donations/charity/give to family
x amount for necessities to live on (rent, mortgage, bills, etc...)
x amount to play and have fun with
Quote:
lol thanks blinkchick yeah i dunno i was only planning on getting it increased to 2500 or 3000 just as a little extra i dont really wanna touch it but since our wonderful canadian money hunter.gif is cut in half when we get over there i think i would be safer taking it lol
|
It sounds like you're head is in the right place since it sounds like you 're not tempted by the extra limit, so increase it all you want babe .
Good luck !
|
|
|
08-01-2006, 10:57 AM
|
#13
|
Sex and the City Guru
Join Date: Jun 2006
Location: Miami, Canada
Posts: 648
Thanks: 0
Thanked 0 Times in 0 Posts
|
Thanks for all the great advice guys (and girls lol) Im way to scared after this year at school to go screwing around my credit lol i dont wanna live with my 'rents for the rest of my life haha Hopefully i'll be of help to some poor newbie like you guys are to me. TPUNKS ROCK!!!
__________________
"Well, I had one that I was playing Quidditch the other night," said Ron, screwing up his face in an effort to remember. "What do you think that means?"
"Probably that you're going to be eaten by a giant marshmallow or something," said Harry, turning the pages of The Dream Oracle without interest. - Harry Potter and the Order of the Phoenix
|
|
|
08-01-2006, 11:18 AM
|
#14
|
TPunk Emeritus
Join Date: Feb 2003
Location: USA
Posts: 2,298
Thanks: 0
Thanked 0 Times in 0 Posts
|
Quote:
Originally posted by travelpunk@Aug 1 2006, 01:35 AM
Increasing your credit line is not the problem. Money management is.
In general, if you are not able to manage a small amount of money, then it will be extremely difficult to manage a larger amount of money.[snapback]133207[/snapback]
|
Yup, and I also find that for a lot of people if they can't afford to pay for something now, how will they be able to afford to pay it off later? Ever loan stuff to scrubs? Well, notice how most of those "loans" magically turn into gifts, lol.
Living within your means requires self-discipline and delayed gratification, but it pays off much more in the long run. The thing with life is how the easy shortcuts often end up being the long, hard way in the long run (and vice-versa). Ever see people in really bad jams in life? Most of the time, that was a cumulative result of them taking shortcut after shortcut for instant gratification - leaving them with little in the end.
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -7. The time now is 01:15 AM.
|