A Club I'm in is thinking of taking a trip, during winter break. I would love to go on a trip, but the price is the only thing for me. The one most are interested in is the land down under, Austrial(spelling) around 3000.
I would love to go on it, 2 weeks viewing animals, snorkleing(spelling) and hiking. That basically once in a life time for me. A chance to go there. We still haven't come to a major agreement. But that one sounds the best, its just the price tag.
What do you think, is it worth taking a loan out for? I plan on saving as much of my work study as I can, and possibly even get a 2nd job on weds, fridays, sat and sun, since I have those days off?
What Do You Think?
2007-07-31 08:45:23 · 6 answers · asked by ArchAngel Raziel 2 in Business & Finance ➔ Credit
If you think that you can pay back the loan then you can take up one and you will surely engoy with the money.
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2007-07-31 12:07:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The savings and extra job are good ideas, taking out a loan to go on a trip isn't unless just need another couple hundred dollars and have the rest of it saved.
Loans should really only be used for things you are going to have for awhile, at least longer than it will take to pay off the loan.
To put the cost in perspective, divide the $3000 cost by your hourly take-home wages from your job - that tells you how many hours you have to work to pay for the trip. Then decide if it's worth it to you.
Good luck.
2007-07-31 08:58:24 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Up to you. As long as you understand that repaying the loan will mean extra sacrifices, then go ahead and request one (although I'm not sure what bank accepts loan applications for school trips?)
There is no way to get some sort of school funding to offset the cost of the trip? Airfare can be bought at group discount rates from agencies such as StaTravel, and the trip can be made as cheap as possible by requesting group rates for everything (particularly hostels).
The best situation is still to work over-time to raise as much money for the trip as possible.
2007-07-31 08:59:34 · answer #3 · answered by buzzfeedbrenny 5 · 0⤊ 0⤋
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2016-10-01 03:11:55 · answer #4 · answered by ? 4 · 0⤊ 0⤋
In order to enjoy your trip, you should wait until you saved up the money, and go to a guilt free trip. You enjoy for two weeks, but you have to think about paying back the loan for the next months.
If you can save up by the time of the trip, then you can go. Enjoy what your hard work had paid off.
2007-07-31 09:11:38 · answer #5 · answered by paobay 4 · 0⤊ 0⤋
No. If you take out a loan you will have to pay it back. PLUS interest! there is no way of knowing if you will have a good time.
2007-07-31 08:54:23 · answer #6 · answered by Shazam 3 · 0⤊ 0⤋