TravelvsSave: A Dilemma Faced by Many in Their 20s and 30s
Travel More: YOLO Mentality or Worthwhile Investment?
In your 20s and 30s, you may be torn between the desire to travel and the need to save money for investments or a home. Here are some reasons why traveling more during this time could be a valuable decision:
- Broadening Your Horizons: Traveling exposes you to new cultures, people, and experiences, helping you grow personally and professionally.
- Building Memories: The memories and experiences gained from traveling can be priceless and enrich your life in ways that material possessions cannot.
- Networking Opportunities: Traveling can open up networking opportunities that may benefit you in your career or personal life in the long run.
- Health Benefits: Traveling can be good for your mental health, reducing stress and improving overall well-being.
Save More: Investing in Your Future Financial Stability
On the other hand, saving up more money in your 20s and 30s for investments or a home can have significant long-term benefits:
- Financial Security: Saving for the future can provide you with a safety net in case of emergencies or unexpected expenses.
- Property Investment: Investing in a home or other assets can be a wise financial decision, helping you build wealth over time.
- Retirement Planning: Saving for retirement early on can ensure a comfortable and secure future when you reach your golden years.
- Family and Future Goals: Saving money now can help you achieve your long-term goals, such as starting a family, pursuing higher education, or traveling later in life.
What Would You Choose?
Ultimately, the decision to travel more or save more money in your 20s and 30s depends on your individual goals, priorities, and values. It’s essential to strike a balance between enjoying life in the present and planning for a secure future.
So, when you look back on your 20s and 30s, would you have traveled more or saved up more money for home/investments? Share your thoughts and experiences in the comments below. Remember, there’s no right or wrong answer, only what feels right for you. #TravelMemories #FinancialPlanning #LifeChoices 🌍💰
I travelled plenty during my 20/30s and I don’t regret any of that. Of course it would be nice to have a bigger bank account now, but I’m not going to get to my 60s/70s with a big bank account and not have done what I wanted in life. That’s no way to live
From ~22-35 I had 0 thoughts for the future and pretty much spent all my money on traveling the world, nights out with friends, family vacations, lots of stupid stuff I didn’t need. It was a blast but I wish I had saved at least SOME money for my future self. I regret having 0 savings after ~15 years of working. Man it was fun at the time though
I did as much of all of those things as I did. No home, but I put as much away for retirement and saved as much as I could afford. I didn’t buy a home, which in many respects was a decent decision because it meant I wasn’t married to the city I was in when it came time to leave.
What I should have done was gone looking for a better paying job much sooner, or bite the bullet and finish school sooner so I could get on a track with higher income faster.
I would have saved more. If I had not squandered the stocks and money gifted to me between ages 15 and 30 by relatives, especially my grandfather, I would probably be retired or on the verge of retiring.
I feel like thats a difficult question: what my parents purchased in their twenty’s to start their family… versus me just trying to get by … this is difficult. I had my fun then I started saving. I feel like the 93 baby’s got hit with some really shitty cards. But that’s just my take
I had my first international trip this year, a month after turning 35. I’ve had plenty of trips here in the states, nothing crazy just city trips mostly.
This trip has taught me one thing and it’s that I missed out in not traveling the world in my 20s. It was such a fun trip and something I want to do more of so now I’m highly considering holding off in settling down and having kids even though I was already telling myself that I was already getting kinda old to do that too.
Yet I know that once I have kids any kind of trip will be drastically different. So over the next 2-3 years I’m going to have 2 major (8-14 days) international trips planned a year. If possible maybe another 2 local trips (2-4 days). I make decently enough but it’s definitely gonna hamper my ability to save. Yet I know I want to make these memories before I’m 40.
I’m in my sixties and my opinion is you should travel when you’re young, energetic, healthy and unencumbered, if you want to and can afford it. Traveling can be enjoyable at any age, but the things you’ll be able to do and want to do will change as you get older.
That doesn’t mean you shouldn’t give any thought to saving for the future, just that, in my opinion, it should take a back seat to exploring if you want to.
I did very little adventuring as a young person and I regret that.
Traveled, once the kids come it will never be the same.
i traveled and partied. just wish i learned how to save earlier in life. i could have done everything i did AND still put lots away for later.