In planning for an upcoming post on unconventional ways to fund your travels, it recently struck me – there is a global economic crisis going on. Money, and how to squeeze more out of it for your travels, has been on my mind lately.
I want to know, has the global economy effected your travel plans?
Feel free to add to the poll by sharing your thoughts in the comments.
It’s interesting: most long-term travelers aren’t making money anyway… but asset values are getting hit.
But short-term travelers are likely to cut back on travel, both expenses and time.
Personally, I think recessions (assuming the US / world is entering one) are good times to travel…
Good point – the economic downturn (depending on how long it will last) will probably hit short-term travelers with long term debts.
For long-term travelers economic issues will be felt on a much more local and regional level.
I don’t think it’s all doom and gloom however, it’s a great time to travel – especially if you can save a little bit every month towards your travels.
So far, our plans remain the same. Our house is on the market and I am optimistic it will sell before the market here drops any further. Once it’s sold, our plans will move forward as before and I actually think we’ll be better off traveling during this time!
I’m glad to hear that the poor economy hasn’t hurt your travel plans. And good luck in selling the house!
I just moved into my new home and it was a struggle to purchase – a great deal for a lot of hassle, but that’s another story!
I will be gone for three months which is not that long. Hopefully things will be better by the end of Q1 next year. While the crisis hasn’t affected my plans, it has certainly got me worried over how to save for the next trip!
I’m in the same boat – the crisis hasn’t yet affected my current plans directly (since I don’t have any right now), although I’m sure I’ll have a much smaller (than already small) travel budget for next time!
My next round of travel planning is coming up very soon – I think I’ll really feel it then.
didn’t effect me?
@ Nomadic Matt:
Before posting the question I researched affect vs. effect for a while since they both confuse me. On second check, you are correct, it’s effect.
Thanks for the heads up.
The crisis was actually good to me, I can now travel more in my country; the dollar had an increase of like 18% and I receive most of my payments in $$ .
As the dollar falls, someone gains.