Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Save

(Financial) planning for a holiday?

By Grace Ormsby · October 02 2019
Reading:
egg

Save

(Financial) planning for a holiday?

By Grace Ormsby
October 02 2019
Reading:
egg
Tourist in an airport

(Financial) planning for a holiday?

author image
By Grace Ormsby · October 02 2019
Reading:
egg
Tourist in an airport

While well travelled, Australians aren’t financing travel well – returning home with phones full of pictures but wallets full of debt, according to the Financial Planning Association of Australia (FPA).

In recognition of World Financial Planning Day, FPA has expressed a desire to encourage Australians to #PlanWell2LiveWell “so we can see more of our beautiful country and travel overseas without financial regret”.

The FPA cited Commonwealth Bank data that found Australians had overspent on international travel by more than $900 million, while close to half of all travellers surveyed hadn’t bothered to set a budget before leaving for an overseas trip.

Certified financial planner and CEO of FPA, Dante De Gori, said that “too often, we hear of well-meaning Australians who have embarked on a holiday before they were financially prepared”.

“They got caught up in the years of dreaming and organising, and came home saddled in debt.”

Advertisement
Advertisement

This World Financial Planning Day, he said the organisation really wants Australians to understand “that if you don’t have a good grasp of your financial situation before you depart for your travels, your finances are more likely to unravel while you’re on the road”.

He offered up some words of wisdom:

“Set your goals. Budget your everyday expenses and savings, manage your debt, invest wisely, and get appropriate travel insurance. And if you’re planning to use your retirement to see more of the world, plan early for that stage of life.”

He also advised would-be explorers to “make a plan with a certified financial planner professional now to live well later”.

(Financial) planning for a holiday?
Tourist in an airport
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.