Playday

This post follows on from Need a gap year? It’s never too late, where we discussed why and how you should plan a gap year right away. Here we’re talking money and the smartest ways to fund extended travel.

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The concept of a gap year is to take a break from your career path and spend 12 months either travelling or living abroad doing something completely different from your normal life.

This is often done during the year between high school and starting university/college or starting a ‘real’ job. Isn’t it funny how we think we need the break at this point in life when so many of us are about to sign up for a few decades of this thing called work?

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Think about your last holiday – do you know exactly how much you spent and whether you blew out your travel budget? Been there, done that, and definitely got too many t-shirts! 

Here are our tips for mastering your travel budget, ensuring you have all-time holidays and can still buy groceries when you get home. 

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There is a difference between earning lots and having lots.

Even though revenue (think total sales or total income) is often a measure of success for a business, it is a false measure and provides only part of the story. The real yardstick is profit. You can generate lots of income but if you have a bloated staff base and other inefficiencies, there will be very little profit left and your business will not be successful.

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