What kind of traveller are you?

Money and Life
(Financial Planning Association of Australia)

We all love to travel, but some of us make decisions that can cost us significantly. Take the quiz to find out what kind of traveller you are and how you can fund and prepare for future trips.

Before your trip

When do you start planning for a trip?

  1. More than a year in advance.
  2. More than a few months in advance.
  3. About a month in advance.
  4. 1 week prior at the most.

How much of your trip do you book beforehand?

  1. I book flights and accommodation. I like having flexibility with activities.
  2. I book flights. I’ll figure out things like accommodation later.
  3. I pre-book everything either myself or through a travel agent.
  4. None of it.

How do you pay for your trip?

  1. I have a travel budget.
  2. I rely on my overdraft.
  3. Credit card or Buy Now Pay Later service.
  4. My relatives pay for it.

Do you take out travel insurance?

  1. Yes, I research carefully and buy cover that works for me and my trip.
  2. Yes, I take out basic cover.
  3. I might buy it last minute if I feel I need it.
  4. No, it drives up the cost of my trip.

Do you inform your bank or credit card company that you’ll be overseas?

  1. Yes.
  2. No.
During your trip

How do you get from one place to another?

  1. Walk.
  2. Take local transport.
  3. Using the pre-booked airport taxi.
  4. I use ride-sharing apps.

What kind of activities do you like to do?

  1. Hiking in national parks.
  2. Visiting free museums.
  3. Attending discounted theatre shows.
  4. Hopping on a city bus tour.


After your trip

How do you prepare for your next trip?

  1. I allocate a percentage of my salary to a travel budget until I have enough.
  2. I will reduce my living expenses so I can save more.
  3. I will look at additional sources of income.
  4. I don’t. I will probably use credit cards to fund my next trip.


Mostly 1’s – Financially Savvy Traveller


You’re a¬†financially savvy traveller.¬†You know it’s best to plan, budget and prepare when it comes to travelling to have a truly amazing holiday so that you don’t come¬†home with regret. You not only tell your bank that you’re going away, but you set up direct debits to ensure your bills are being paid whilst you’re away. If you don’t already, you might want to consider having¬†an emergency travel fund to dip into should the need arise in addition to the travel insurance you take out just in case.


Mostly 2’s – Money Smart Traveller

You’re a¬†money smart¬†traveller!¬†You’re thinking about your holiday months or even a year in advance so that you can get the best deals and discounts for your holiday to save money. You might be using a credit card to fund your trip, but it’s got the best value for international transactions and you pay it off immediately when you get back. Travelling on a low budget is your mantra. However, don’t disregard the benefits of getting tailored¬†insurance. If you are involved in an accident whilst on holiday and need medical care, you could be thousands of dollars out of pocket compared to the small premium you’d pay for the right travel insurance.


Mostly 3’s – Last Minute Traveller

Oh no. You’re a¬†last-minute traveller. You’re paying way more than you should be for accommodation, flights, transport and sightseeing. Unless you’re a millionaire, you could end up with mountains of debt in the future if you’re not planning for these trips better. Start by reducing your debt and¬†building up a travel budget before going on another trip. It also helps to research as much as you can to find discounts and deals that are relevant for your holiday.


Mostly 4’s – Spontaneous Traveller

Hmm. You’re a¬†spontaneous traveller.¬†You might be paying more by not planning enough for your trip. Why not create an itinerary and research sightseeing activities to get an idea of costs. You can budget for these costs and potentially pre-book so that you avoid paying expensive¬†on-the-day prices. You love the rush of excitement you feel when spontaneously jetting off on a holiday, but make sure you have the money to fund your trip. Buy Now Pay Later services promise immediate satisfaction, but you will pay for it later if you do not have a plan in place to pay it off.


Whether you‚Äôre a financial superstar at travelling or maybe have a long way to go, a CERTIFIED FINANCIAL PLANNER¬ģ professional can help you incorporate travelling into an overall financial plan helping you to #PlanWell2LiveWell¬†


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