It is a common belief that the increase in the amount of money that is spent on travel in recent years is a good thing. However, there is a more persuasive argument that this spending will cause some problems since it leaves people unprepared for emergency situations.
On the one hand, spending money on travel allows people to recharge themselves. Travel is beneficial because it offers people an escape from the tensions of their daily lives. For example, a recent survey of office workers revealed that a majority of them choose to travel as a way of relieving stress. Traveling allows them to get away from their worries and revitalize themselves while also creating precious memories.
Nevertheless, setting aside money in preparation for unexpected situations is more practical than spending it on travel. If people have no money saved, they may go through financial hardships and be unable to pay their bills when something unexpected happens. For example, surgical procedures can cost hundreds or even thousands of dollars in some countries. It is very common for people who suddenly get sick to find that they are unable to afford treatment. They then have to sacrifice any assets they may have or take out unfavorable loans to pay for their care. In this situation, they would regret spending money on traveling. Thus, it is important that people prioritize saving money in case of emergencies instead of spending on traveling.
To sum up, while there are some advantages to increased spending on travel, it is evident that the disadvantages of this increased expenditure outweigh them.