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| Articles about Trip Around |
| Q2 Savings Update For My Trip Around the World | | 2007-07-01 06:00:04 | | Yesterday was the last day of the second financial quarter of 2007. More importantly, it was another benchmark date in evaluating my progress toward saving for my upcoming world travels!
According to my Savings Plan, I was $1,112 short of where I wanted to be as of December 31, 2006. Six months later, I am excited to be ahead by $1,790. While I fell far short of my goal for money in the ING Direct high-interest savings account, it was the direct result of a change in strategy.
Early in 2007, I decided to siphon more of my paycheck into purchasing my employer’s stock (at a 15% discount). I’ve been putting 12% of my post-tax, biweekly pay into that plan, which keeps it safe from my impetuous spending habits. As a result, I saw a $2,902 net gain, despite assuming the cost of an unforseen dental implant.
It would’ve been more, had my employer’s stock price not dropped $5/share in the past month. As a result of some investor confidence issues, the share price ... | | By: GoBackpacking | | |
| | Budgeting for a Trip Around the World | | 2007-05-23 07:00:28 | | The 6-part series on saving for a trip around the world will close with this post on the topic of developing a budget. While it may have fit better after we discussed establishing travel and financial goals, I wanted to save the best for last.
Truth be told, I did not begin to seriously research a budget until last summer, three years into my saving. I had begun to participate in the BootsnAll message boards, and came across a common type of Q&A where a member posts a budget, and requests feedback from everyone else. I decided it was time to write out a rough itinerary, and figure out how much my dream travels were going to cost.
First, I acquired a copy of Microsoft Excel from a coworker so I could easily organize and edit ideas and costs. Second, I picked up Rough Guide’s First-Time Around the World (A Trip Planner for the Ultimate Journey). Though the first edition I bought was written in 2003, it was a great starting place with a wealth of detailed daily living cost estim... | | By: GoBackpacking | | |
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