How These Couples Travel The World? [Budget Guide Inside] | Summary and Q&A

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March 10, 2024
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Wint Wealth
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How These Couples Travel The World? [Budget Guide Inside]

TL;DR

Indian travelers spend a significant amount on international trips, but only 1% of their overall travel budget goes towards them due to high costs.

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Key Insights

  • ✋ Indian travelers spend a small percentage of their overall travel budget on international trips due to high costs.
  • 👨‍🔬 Planning and research are crucial for managing expenses while traveling, including taking advantage of discounts on flights and accommodations.
  • 😮 It is important to allocate a budget for surprises and be open to unexpected expenses during international travel.
  • 🗺️ Traveling during shoulder seasons and utilizing local transportation can help reduce costs.
  • ❓ It is advisable to start with predictable destinations before exploring more unfamiliar countries.
  • 🥺 Maintaining an organized approach to travel planning can lead to more confident and enjoyable experiences.
  • 👻 Flexibility in terms of destinations and itineraries allows for better budget management and the ability to explore lesser-known places.

Transcript

the expensive of the bigger International trips would go something on the north of 4.5 lakhs it has varied from 1.5 to three times or four times of that Indian tourists have been spending big on travel but only 1% of these spends account for international trips so is international travel too impractical or too expensive for Indians we spoke to thre... Read More

Questions & Answers

Q: How do Indian travelers manage the cost of international trips?

Indian travelers allocate only a small portion of their overall travel budget to international trips, typically around 1%. They plan their finances by capping their travel expenses at 20% of their annual expenses.

Q: How do these couples plan their travels in terms of destinations and itineraries?

The couples maintain an Excel sheet with a list of countries they wish to visit. They plan their travel one year in advance and allocate their budget based on the savings they have accumulated. They avoid the peak season and travel during shoulder seasons to reduce costs and avoid crowds.

Q: What are the major expenses while traveling internationally?

The major expenses include flights, accommodations, visa charges, local transportation, and food. Couples utilize credit cards with zero forex markup for expenses and choose accommodations near metro or bus stations for easy accessibility.

Q: How do these travelers manage their finances for travel?

They set aside around 10-12% of their total portfolio for travel, with a separate allocation for international, domestic, and local trips. They invest in fixed income instruments that provide a predictable return to cover their travel expenses.

Summary & Key Takeaways

  • Indian tourists spend big on travel, but only a small percentage of their budget is allocated to international trips.

  • Three couples share their experiences of traveling to various countries, starting with nearby destinations and gradually exploring more distant places.

  • Travel budgets are divided into three categories: under 1.5 lakhs, below 2 lakhs, and above 3 lakhs, each covering different countries.

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