Nowadays, people have a tendency to splurge more of their money on travelling than they did in the past. From my perspective, although both approaches have their own points, I still believe that the benefits do outweigh the drawbacks.
On the one hand, spending too much money on a single trip annually may lead to contemporary financial stress. By investing on first class flights, luxury hotels and costly cuisine, it reduces almost all of one’s savings and money in the bank account. As a consequence, it leads to immediate and serious financial worry, even debt after returning home. It makes people spend all years working relentlessly to recover, which possibly diminishes the chance to travel again. For example, 67% of the people relied on credit cards after the trip, which extended their debt exponentially.
On the other hand, allocating money to travel helps develop an individual’s personal growth. Travelling is not simply just about finding a place to unwind, it is an opportunity to discover more about oneself. Travelling allows one to be fully responsible for what they would do with all the money that they have. Moreover, being away from familiar surroundings and people assists them to become less afraid of the unknown. By doing this, it makes life more alive, and also encourages the development of self-reliance and necessary life skills. According to a recent report, 94 out of 100 travellers said that they felt more confident and had a better global horizon.
In conclusion, while it is evident that splurging a handsome amount of money on travelling makes people fall into financial shortage, we cannot deny the benefits that it brings about one’s development. For these reasons, the advantages far outweigh the disadvantages.