The difference between long-term travel being the best decision you ever make and a very expensive mistake usually comes down to one thing: whether you had a plan.

This week on Ask the Experts, Frances Cook and Georgia Grange, head of Revolut NZ, answer a letter from a twenty-something who wants to take a couple of years to travel properly, but without going into debt or derailing their finances.

This episode covers:

How much money you actually need saved before you go
The hidden costs of international travel that drain your budget without you noticing
How to manage money across multiple countries and currencies on a long trip
Simple ways to make your budget last longer when you're travelling on a limited amount
Earning money while you travel, including the choice between bar work, remote work, and the digital nomad lifestyle

If you have a letter you’d like us to answer, please send it through to ask@francescook.co.nz and you might feature on our next episode!

This episode of Making Cents is proudly supported by Revolut, the card and app for everyday spending in NZ, and smarter money on your travels. Use this link https://get.revolut.com/e9Jc/makingcents1 to try them out, spend, and Revolut will give you $40 to get started.

T&Cs apply. Spend min $1 to receive reward. Exchange rates will vary. Comparison to major bank rates based on exchanging NZD $1K Mon-Fri, within your plan’s fair usage limits. More info:https://www.revolut.com/en-NZ/nz-fx-substantiation . Revolut Payments New Zealand Pty Ltd

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Production and video editing by Lana Byrne

Audio engineering by Tash Chittock

Filmed by Fanaticals