How do you travel when you're in debt?
How do you travel when you're in debt? Cash Only – Pay For Your Travel Up Front If you can't afford to pay for your trip upfront and still make payments towards your debt, you shouldn't travel. If you can afford to pay for it with cash, while still having enough for your monthly repayments, then travel away!
Can you travel if you have debt?
Here's a simple rule of thumb -- if you've set up a payment plan, and you're going to be able to pay off your credit cards within six months, you can consider traveling. If you don't have a payment plan, or it's going to take you longer than six months to get rid of credit card debt, focus on that for the time being.
Should I pay off debt before traveling?
It's a better decision financially to avoid spending money on travel when you have credit card debt. However, you can consider making an exception for important trips if your debt is manageable.