How You Can Gift Your Husband a Vacation

Are you dreaming of whisking your husband away from work for a leisure trip and to indulge in some R&R&R (relax, rest, and romance)? As a wife, you might want to shower the love of your life with generosity every now and then. You might want to take him on a date, or for bigger occasions on an all-expense-paid trip to celebrate your love. Are you wondering how? You have come to the right place. Here’s how you can sponsor a trip without going broke.

1. Pick the right dates

Choose a date when the two of you can take a break from your work and enjoy the time out together. If you are unsure about the dates, choose a time frame like Diwali or Christmas break when you both are free. This would also ensure that you would not have to deal with your respective managers or HRs to avail for a leave.

2. Set a decisive budget

Though you would be using your savings to make this vacation happen, you need to ensure that you do not end up using the entire savings of your life on this one trip. This is where budgeting comes into action. Try to set a budget for your trip, without touching your emergency funds. An emergency fund must constitute your 6 months’ living expenses. Also, do not compromise on your long-term savings.

3. Create a travel fund

Now that you are sorted with your logistics, let’s focus on the finances. Understanding how you will go about sponsoring your trip is quite essential. The most optimum way to sponsor your trip without creating havoc in your savings is by creating a brand-new travel fund. As you already know your budget, you might lose patience to save after a year or so.

Save a certain percentage of your income or your salary every month, keeping in mind your travel budget and the stipulated investment horizon, say one year. Keep in mind that, you can buy tickets and book reservations only after you have saved enough for these expenses.  Hence, plan your trip accordingly, ensuring that you have enough time left to make these to avoid late booking charges and ultimately making your trip expensive.
If you are unsure that whether you can be disciplined enough to save each month or not, you might consider starting an SIP, or a systematic investment plan in liquid mutual funds. SIP investments instill financial discipline among investors which are needed to achieve your financial goals and objectives. You can also set an auto-debit instruction with your bank after a day you receive your income or salary. This will ensure that you save enough for the trip without splurging on unnecessary things. It will also help you reach your goal amount sooner.

You can also use an SIP calculator to understand the future value of your mutual fund investments. So, what are you waiting for? Invest in mutual funds today to surprise your husband tomorrow. Happy investing!

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