Traveling. Good idea?

Summer internship done, ft offer received. Doing an O/C and I'll be done a month before full-time cycle begins.

I have all summer internship money basically untouched, except for rent. This O/C pays 75% of baseline wage but it's worth it. Hopefully by the end I'll have around £12-15k laying around, if I keep myself restrained.

I thought about early payment of my loan but it's not worth it now. Grace period is over once I'm getting actually paid. So far as logistics go, everything seems organised. Also fully vaccinated.

I grew up really, really poor. Never traveled or had any kind of fun. Do you think it's a good idea to travel that month? I'll be going solo because I don't have friends, plus I prefer solo. If you think it's a good idea, how many cities should I aim for? How much should I set for budget?

Thank you.

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Comments (22)

Sep 18, 2021 - 12:54pm

not idea what an O/C is, but travelling is always a good idea. I suspect you are American by some of the words/spelling you've used here, and as you'll have GBP, I assume you'll be in London, so it will be easy to see a lot of Europe. 

Sep 18, 2021 - 12:58pm

I would travel. From October 4 the RAG list will be scrapped and replaced with a new list. either RED or ROW. Check those lists.

  • Analyst 1 in IB-M&A
Sep 18, 2021 - 1:58pm

I have no idea what those lists are lol. Looking them up now

Though I should probably say my classmate has been to Germany France Switzerland and Spain (as per ig posts). She's not really a friend so I can't ask her about details, but I assumed those countries are a bit lenient with quarantine & restrictions.

Sep 18, 2021 - 2:31pm

I have driven along those borders, recently. There are no border checks.

The only aspect would be how to exit and enter the UK, how to show your itinerary, last country you where, check the lists, etc

this shouldn't be a big problem

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Sep 18, 2021 - 10:23pm

Save up first buddy! Trust me! Once you get enough then start travelling and racking up bills. Plus your company will pay for your trip if you are on a business trip! Right now you will probably face an abundance mindset dilema. And that mindset is your intuition so it will be right. Only travel when that amount is >5% of what you actually own. Do not start balling

Sep 18, 2021 - 11:08pm

I disagree with this thought process - you can travel without dropping stacks. Traveling when you're a young adult can help mold your worldview, and business travel is nothing remotely close to leisure travel. I say go for it and travel that month. Of course saving money is important but there's more to life than stroking your cat at midnight looking at your bank account

Sep 18, 2021 - 11:14pm

I say travel - you should be able to do 3 weeks in Europe for $5k while eating at nice restaurants and staying in decently nice hotels. I believe travel is key in developing life skills as it puts life into perspective. You could spend much less or much more - my advice is to minimize spending and try to make memories through interacting with the locals and anyone else you meet.

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  • Analyst 1 in IB - Gen
Sep 19, 2021 - 3:19am

Assuming you're in Europe and are young. The trains are so cheap. It's like 7 Euros a ride in Belgium (and you can go across the entire country) and 3 to cross borders. Otherwise it's like 20 euros for any slow train. Hostels are 10-25 a night but try and go places you have friends so you can stay for free. Museums are free for students or have a big discount in most of Europe, especially government museums. Places like Spain, Greece, Portugal, and Italy are dirt cheap, especially if you avoid tourist traps. Just buy something from a bakery for breakfast, eat 1 meal out each day, and eat a sandwich/baguette, a piece of fruit, and have a beer the other meal.

Nov 18, 2021 - 4:28pm

That's a pretty silly question. Of course, it's tedious to travel! If you haven't been to any foreign country yet, I advise you to visit something southern, with sandy beaches and a clear ocean. I made my first trip to Brazil, to be exact, to Sao Paulo. This vacation brought me unforgettable experiences, which charged me with positive energy for the following year. I advise you to go there as well. Before you do, check out this information https://www.africanjacana.com/brazil/sao-paulo/. This site will help you prepare before your trip and familiarize you with all the nuances.

Nov 18, 2021 - 4:37pm

Best time to travel is while you are young and in school (aka you have the most time to travel). Preferably with friends too, but nothing is wrong with going solo. Once everyone gets FT jobs, it becomes much harder to travel at your leisure except on your 2 weeks of vacation or whatever, and coordinating that with multiple people can be difficult. That being said, money is obviously tight the younger you are so plan wisely

Nov 19, 2021 - 4:18am

Travelling is always help to refresh your mind and to help your mind to channelise some positive energy around the environment. You get to know new thing about different places. you always explore yourself during the traveller.

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Nov 19, 2021 - 11:37am

I'm in your exact same boat, except I am currently a college junior. I am studying abroad next Fall, then backpacking Europe, SE Asia and Japan for 5 months. If not now, then when?

Nov 19, 2021 - 2:18pm

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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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