So this is the last time I’ll mention my new job and traveling to New York (hopefully) but I wanted to quickly share and remind you about the importance of budgeting even while traveling.
Simply put: have a dollar figure that you’re not willing to go over.
Now, I was fortunate because my new job was comping us for breakfast, lunch and dinner for the days we, the company, didn’t eat together. Which was great. That meant less money out of my pocket. But that’s not always the case. I may have very well had to supply my own meals in which I would have had to decide how much I would be willing to spend on each meal, budget accordingly and ensure I didn’t go over that dollar figure.
In my case, as silly and perhaps lowballed as it sounds, I didn’t want to spend over $100 while in New York. Crazy, right? Well, I had most of my facts up front. I knew the company was going to supply or comp our meals. I knew the company was going to pay for transportation to and from the airport. And the company had already supplied the hotel room. So logically, what more did I need to spend on other than getting around the city on my free time and a few souvenirs?
Budgeting, wherever you go, is easier when you have all the facts.
Think about it: how much would you know to stock away if you didn’t have an estimate, at the very least, of what something – an item, a meal, an event – was gonna cost? Even in a city like New York where the cost of living is 13% higher than Los Angeles, I still budgeted to the best of ability.
How do you budget when you travel?