Adventure fanatics Betsy and Warren Talbot sold off everything to go live their dream, which was to travel around all over the place. For which, of course, they didn’t need all that stuff they sold (including their house). This being the Practical Woman’s Guide, I’m not really into that level of life change. Despite the extreme nature of their particular dream, however, their book on how they managed to budget for it – Dream, Save, Do – is chock full of great advice that works even for those of us who are far less radical.
Of their various tools, my favorite is the notion of relative cost. They figured out what a day of travel would cost them, on average. Then, every time they were tempted to buy something while they were supposed to be saving for their dream, they could look at the thing and ask themselves, this thing is an afternoon in Venice, or this thing is three days in Croatia. And then, the biggie: do I want it more than that?
Money is a slippery fish. It’s really easy to look at a pair of earrings or a new dress and think it’s not much money, especially if you’re used to earning a decent salary. But that’s exactly how money gets frittered away so there’s never enough left for the adventure. As soon as you calculate that equivalency, though, POW! You understand exactly what you’re giving up or going for.
James W. Frick famously said “Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” This is so true for adventures. The Talbots have some great tools to help you put your adventure way higher on that priority list – even if you don’t intend to give up everything you own.