There are so many different ways to save money for travel, and I’ve tried so many. From changing my eating habits, moving homes to save on rent, and practicing frugal travel, each decision made enabled me to move a step closer to travelling the world.
I also found that being more careful with my debit and credit usage really helped me get a better grasp of my spending habits. In fact, your credit score can be a powerful tool that can actually help you get the most out of travelling – here’s how.
Travel loans have lower interest rates
After the COVID-19 travel restrictions ceased, financial institutions provided more opportunities to ‘travel now, pay later’. Loans for travel and education showed an annual increase of 36%. If you have a great credit score, you could access a lower APR, which accounts for the interest rate and loan fees implemented