There’s a great deal of worth in living the digital nomad life or breaking free from the norm. However, sometimes freedom can come with risk, but that’s okay, risk is something that inflames the heart of any nomad. Yet when seasonal periods come around, such as those times when you intend to spend some days with your loved ones and celebrate the festive period, that unreliability can be a tough ask.
Maybe some of the clients you’ve worked for have dried up in preparation for the end of the year, or maybe your recent trips have been more expensive than you had imagined. You don’t have to be silly and reckless for both of these outcomes to catch you unaware, they can happen to everyone.
But if they do, how might you seek further financial flexibility during such a pricy period? Let’s consider that today, by offering some warm and heartfelt advice:
Consider A Secured Loan
A secured loan could be an option if you need extra funds to get through the season. It’s not about all of a sudden just going out and spending it all, but making sure you’re stable and can cover necessary costs to return home and sustain yourself. Just make sure you utilize an appropriate loan with realistic terms, such as taking time to trust Squared Money for your secured loan and providing a realistic repayment schedule going forward. This way you can enjoy the festive season and the situational plans you have for it, and attend to the loan if your work is guaranteed to pick up later, with collateral helping you get the best outcome.
Cut A Trip Short
If funds are running low, it’s okay to pull back on your travel plans. Heading home a little earlier than planned can help you regroup and save some money for the rest of the season, and if you’re a nomad, you can work from your usual space and save some of the cash on flights. You may also be able to gain refunds on tickets and events you’ve purchased if you have insurance with them, allowing you to recuperate some of the cost going forward.
Visit Family & Friends, Be Open
If you can, visit loved ones and let them know how things are going. Most people will understand more than you think. A warm meal and good company can go a long way, and you may be able to figure out your next steps. While it’s nice to offer some cash for the food and fuel you might be given while there, even the most bean-counting families will cost less to stay with than a commercial institution if you don’t have a currently leased home to stay in. It can also be a nice refresher to get yourself in order before you set off.
With this advice, we hope you can more easily enjoy the festive season at your own pace, and move forward with a sense of confidence.