I'm going to India one day in the near future, but was wondering if it would be better (smarter..?) to save money for 5 or 6 years, then go (I will be 22 or 23). Or to go next year and pay for it by taking out loan. I will work while I am over there, and will roughly be staying there for about 6 months to a year. The loan would need to be roughly $20,000NZD. Which would be the most efficient way of traveling?
traveling is for enjoying and i would never ever first plan for it and then keep on saving for it,it would make me more curious to go,it actually depends that if you are ready for going in the age of 22-23 which is probably a better and wise step to take because then you may save it and just be free after that but taking a loan is not a bad option too if you are going to work there so you can pay your loan also and not the loan is not going to be delayed so its gonna work smoothly,and you can enjoy too.
SO I THINK YOU SHOULD TAKE LOAN. :)
Save for a trip. Trips last 2 weeks or so, and then it's over. You'll paying interest on that loan for how long? Trips are a luxery you pay for up front....so you can take a loan in a time of emergency...like if you had to get a car.
me tooooooo yar. initially save the money that your travelling wanted enjoy the week end with the travel.
i would have to say save:)