At MOVE Bank, we understand that the desire to explore new destinations and experience different cultures is a universal dream. Traveling allows us to break away from the routine, create lasting memories, and broaden our perspectives. However, turning those travel dreams into reality requires careful planning and smart financial decisions. In this article, we will explore how you can save money for your next adventure and why investing in travel insurance is a crucial aspect of your travel plans.
Set Clear Travel Goals
Before you start saving, it's essential to set clear travel goals. Determine your destination, the duration of your trip, and the experiences you want to have. Having a specific goal in mind will help you create a realistic savings plan.
Create a Dedicated Travel Fund
Open a dedicated savings account specifically for your travel goals. MOVE Bank offers a range of savings accounts tailored to meet your needs, providing a secure and accessible space to accumulate funds for your next adventure. For more information, visit movebank.com.au/savings-accounts.
Establish a Budget
Once your travel goals are defined, create a preliminary travel budget to understand how much money you need to save. You can then evaluate your monthly income, expenses, and identify areas where you can cut back to allocate more funds toward your travel savings. MOVE Bank has an easy-to-use budget planner tool which you can try at movebank.com.au/budgetplanner.
Automate Your Savings
Make saving effortless by setting up automatic transfers to your travel fund. Using MOVE Bank’s online banking, you can set up automated transfers, ensuring you consistently contribute to your travel savings without having to think about it.
Take Advantage of Rewards Programs
Rewards programs offered by airlines or affiliated retailers can help you earn points or cash back on your everyday spending. These rewards points can sometimes be redeemed for travel-related expenses, such as flights, hotels, or rental cars, making your travel fund go even further.
Travel Insurance: Protect Your Investment
As you plan your next adventure, don't forget about the importance of travel insurance. MOVE Bank in partnership with CGU and Cover-More offers comprehensive international or domestic travel insurance coverage to safeguard your investment and provide peace of mind during your travels. Whether it's unexpected trip cancellations, medical emergencies, or lost luggage, Travel Insurance policies are designed to protect you from unforeseen circumstances.
Why choose Cover-More for Travel Insurance?
- Customised Coverage: Tailor your insurance plan to match your travel needs, ensuring you're protected against specific risks.
- Competitive Rates: Enjoy affordable travel insurance rates with flexible payment options.
- 24/7 Support: Access a dedicated customer support team around the clock, so you can travel with confidence knowing assistance is just a call away.
For more information, visit movebank.com.au/insurance/travel-insurance.
By following these savings tips and considering travel insurance options for your trip, you can plan your next getaway and embark on your adventure
with confidence.
CGU Travel Insurance is issued by Zurich Australian Insurance Limited (ABN 13 000 296 640, AFSL 232507) (ZAIL). Cover-More Insurance Services Pty Ltd (ABN 95 003 114 145, AFSL 241713) acts under a binder authority from ZAIL. Cover-More will administer the policies and arrange for the issue of insurance on behalf of ZAIL. Cover-More has authorised Insurance Australia Limited (ABN 11 000 016 722; AFSL 227681) trading as CGU Insurance to distribute the product. Railways Credit Union Limited trading as MOVE Bank ABN 91 087 651 090 AFSL no. 234 536 distributes the product under a contract with CGU. To see if the product is right for you, you should consider your personal circumstances, the Combined Financial Services Guide and Product Disclosure Statement and Target Market Determination available at movebank.com.au/travelinsurance.
Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement and Target Market Determinations from movebank.com.au/TMD.
