After going to a good school, working hard and graduating, now you're faced with the hard part- paying your student loans. Second to U.S. mortgage debt, Americans have more than 1.36 trillion dollars debt of student loans. However, these loans don't necessarily have to be a burden. You can travel and still pay your debt in time with these tips.
Live frugally
I don't advise on cutting extra expenses on your budget to save for travel. Don't stop indulging in evening lattes with friends or quit your cross-fit …show more content…
Don't put your travel schedule on hold because you don't have to pay the entire amount at once. Instead, deal with these loans in small bits at a time. "Rome wasn't built in a day." Take on a positive mindset that you can pay all your bills, save some extra money, and travel.
Take on additional jobs
Consider working part-time. If you have a full-time job, you're living frugally, saving on extra as much as you can and still your savings are not increasing as fast as you would like, I recommend you pursue one of your hobbies or interest. You can take a retail service job or do some freelancing to supplement your revenue.
Travel cheaply
In addition to living frugally, look for ways to lower your travel expenses. You can start by booking the cheapest flights to the city you're going. Book the most affordable accommodation that has good reviews and the place is safe.
Don't let loans sabotage you travel plans. If you're diligent about saving, managing, and earning cash for travel, you can take the much longed for trip. To recap, I recommend you live frugally, open a saving account, treat student loans as you treat your monthly bills, look for extra source of income to supplement your income, and travel cheaply. Let nothing stop