Is it better to travel & enjoy or save & invest ?

travel or invest

It’s not always easy to make the decision between saving and investing, as you may want a mix of both. The key is finding ways that allow you to save without sacrificing your lifestyle or quality of life.

However, this doesn’t stop us from exploring both lifestyles and taking a close look at the pros and cons of each!

Pros and cons of both:

This is a question that has been asked for a long time. There are many people who have different opinions on this. It is important to consider the pros and cons of both travel and investing.

1- Pros and cons of traveling and enjoying:

Pros of Travel:

Traveling can be fun, exciting, and even educational. It can also be a way to escape your daily life for a while and enjoy yourself in the process. It can also help you make new friends or meet someone special that you might not have otherwise met. It can help keen you balanced, sane and fulfilled.

Other pros of travelling and living to the fullest, include but are not limited to:

– Traveling can broaden your horizons and enrich your life in many ways. You can learn new things about yourself, meet new people, experience new cultures, etc.

– Travelling allows you to see the world from a different perspective by experiencing different cultures from a different point of view. You can also learn how to be more open-minded with your thoughts and opinions on certain topics that you may not have considered before travelling.

– Travelling can give you a sense of purpose in life by helping you find personal fulfilment through self-discovery or helping others who may need it in different contexts, life scenarios and countries.

Cons of Travel:

Traveling can be expensive in some cases, especially if you are traveling internationally or far from home. There are also some health risks associated with specific countries such as getting bit by some type of insects. You could also get sick while abroad and not be able to do much for yourself to recover properly or even catching an infectious disease during your trip.

The cons of travelling also include that you might miss out on a lot while you are away, such as family events, unless you take all and everyone you care about with you on your trip. 

2- Pros and cons of a frugal lifestyle:

Pros of saving:

Some of the pros of saving are that you don’t need to worry about running out of money, and it is easier to save when your living expenses are lower. Ultimately, You can invest in a long-term goal, like retirement or a house. In other words; you get to enjoy your savings and put it to good use in the future.

A few additional pros that make saving a lot and leading a frugal lifestyle attractive in the first place:

– It will help you build wealth in the future.

– It will allow you to have more freedom and flexibility in your life.

– You’ll be able to retire earlier than expected.

– You’ll be able to provide for your family when they need it most.

– Saving will help you get out of debt faster and avoid accumulating interest fees on your loans.

– Saving can help provide a better future for your children or grandchildren.

Cons of saving:

Some of the cons of saving are that it may take a long time before you see any benefits from your savings, and there may not be enough opportunities in your lifetime to enjoy what you saved for. Saving is a good thing but it can also be harmful if you do not enjoy the benefits of your hard work.

Even after living a poor or low lifestyle, there is still no guarantee that your savings will be enough to cover an emergency expense; if it comes up. All of your savings may still not be enough to help you get over a very bad financial emergency or situation. It depends on how long you have been saving for and if you have any savings that are already turned into assets and also how long you need to turn them back into cash, etc.

Also it is worth remembering that having a frugal lifestyle, requires discipline and patience in order to achieve long-term goals. Plus, you could miss out on opportunities that come with spending your money rather than saving it.

Are you saving or being extremely frugal:

Saving for the future is a good idea, but it can be difficult to keep up with the pace of life. It can be hard to save when you are busy or have other financial obligations. However, the real question is are you really just saving or are you having an extremely cheap lifestyle on the detriment of your health, happiness and wellbeing ?

When you travel, you experience new things and learn new skills, which may help you in your career and personal life and be a reason for you to strike gold or find an unthinkable financial opportunity that way. So make sure that you don’t eliminate travelling and enjoying life altogether. Sometimes even travelling on a national level is a good idea rather than going that extra mile to only save a couple extra bucks.

If you catch yourself living so miserably and getting depressed because of how cheap you are, then check out our article on how to stop being cheap and why.

Bottom line:

The answer is not clear and depends on the individual. Some people would say that it is better to save and invest while others would say that it is better to enjoy life and travel. It all boils down to what an individual wants out of life.

It can also be determined by several other factors like how much financial security matters to the individual or if they’d rather live a good, full an enjoyable life instead with all the risks and adventurous aspects that come with it.

Leave a comment

Your email address will not be published.

error: Content is protected !!