Tere!
This year, I published blog articles about my trips to Ireland, the Netherlands and Sweden, but as announced on Facebook, I had taken a break till now, and didn’t publish any further articles on other trips I made this year. (This was because I thought the articles on my trips might not be so interesting to read, and I got busy. Though I will write articles about trips if you would like to know something specific in terms of travelling!) However, in fact, I travelled to 10 countries in total this year. This time, I will clarify and answer a question which only two people have asked me so far thought many people might actually wonder about as it’s about finance:
How did I finance my travel expenses?
Don’t worry, it was completely from my legal income.
I managed the travel expenses only with an income as an employee in an Estonian company.
Luckily, I had a generous CEO and a benevolent COO, who raised our salaries by 25%, starting from the work done in January 2023 (i.e. from the salary I received in February 2023). As it was said to be 24% inflation rate in Estonia, the CEO and the COO made such an employee-friendly decision. Therefore, I was wealthy enough. This is the first fact to have managed the travel expenses well.
Secondly, I should reveal where exactly I travelled. Here’s the list of my travel destinations and the period for each trip.
- Ireland + the UK (Northern Ireland) – 1 week
- The Netherlands (Rotterdam + Amsterdam) – 3 days
- Sweden (Gothenburg + Lund) – 5 days
- Italy (Venice) – 4 days
- Austria (Vienna) – 2 days
- Latvia (Riga) + Lithuania (Siauliai) – 2 days
- Georgia (Tbilisi and its suburbs) – 3 days
- The Czech Republic (Prague) – 1 day
That’s all!
Yes, a lot!!
I believe I travelled a lot this year because I was no longer poor, the COVID time (more or less) ended, and my favourite musicians resumed their tours.
Anyway, if you look at the list above, you notice that I had only one long trip for one week, and the other trips are short. Since the number of stays was small, I believe you realise that I didn’t go on trips that are generally assumed/imagined from the word “trip”.
In addition, my monthly basic expense is roughly 900 – 1,000 EUR. In other words, the amount which came from the income after deducting the basic expense is for saving.
Then, from this part, let’s talk about how I handled that saving.
Firstly, before a new year, I usually roughly decide where and when I want to travel in a coming year. In accordance with that rough plan, I consider how much I can save till the month I will travel. (Of course, I bear in mind saving for some urgent expenses beside the travel budget.)
I always check the website called Budget Your Trip to build a budget for a specific trip, and estimate a bit more than the provided information there. Then, I determine the monthly saving amount for that trip by dividing one overall travel budget based on the number of days of that trip by the number of months till that trip to save separately.
For instance, if I want to save 1,200 EUR by June to visit Ireland, starting from January, I save 200 EUR per month.
The point is that as I travelled almost every month in 2023, I did this every month.
In more detail, in addition to a trip to Ireland in June (the above example), given that I want to travel to Sweden a bit in August, and I need to save 800 EUR in total, [the entire saving amount – (minus) the fixed saving amount (for urgent expenses) – 200 EUR for the Ireland trip = the monthly amount that I can save for the Sweden trip]. (E.g. 600 (as the entire saving amount) – 200 (for urgent expenses) – 200 (Ireland trip) = 200 EUR for the Sweden trip.) Therefore, if ideal destinations are all expensive countries, I can’t save enough budget by the travel month, so I needed to think about a bigger picture as well.
The cost of living always comes first, so if the net income is not so big, there is less money for travelling.
Fortunately, I experienced both getting higher positions and increased salaries, I travelled a lot in 2023. However, in 2021 and 2022, I didn’t do it as often as in 2023. In 2024, I will try to stay in Estonia more (as I enjoyed myself too enough.)
As a side note, I often saved budgets even during the trips since I just needed a shower and a bed by choosing hostels. (At some points, I travelled just to achieve my purposes, so I didn’t even think about “chilling in a hotel”. Though I believe hotels are surely better when a trip has a longer itinerary to rest well.)
In other words, not all my trips in 2023 had hotel stays nor luxurious vacations.
By the way, the total travel expense in 2023 was around 4,700 EUR. Except for the last three trips, they were all expensive countries in general so maybe it makes sense?
But really, I have enjoyed gigs and concerts as well as travelling in Europe overall since I was 21, so from next year I will reduce the frequency to travel for this good reason. It’s like focusing on quality as I’m done with quantities.
I won’t stop this favourite activity as long as I am alive, and next year’s main goal is definitely to visit Japan!
Aitäh! 🙂
