I have to admit, I love to travel. It is certainly not easy on a budget. That is one reason why I am striving to increase my cash flow so I can travel even more.

Since 2 of the 4 cornerstones of this website are personal finance and travel, I was wondering how I could challenge myself to write about this. After some thinking, I realized I need to K.I.S.S. the SMART approach to travelling. (Thanks to Patrick for the SMART inspiration.)

$ as in Specific (SMART)

It is as specifically simple as setting a budget. For my personal finance challege, my limit is set at $500.

M as in Measurable (SMART)

It is as measurably simple as tracking my expenses in MS Money. For the purpose of this challenge, I will be tracking the typical expenses relating to travel including,

• Lodging
• Meals including beverages
• Transportation (including air, ground, train, etc…)

A as in Achievable (SMART)

It is simply achievable to meet my challenge when I know I have $500 to work with. If I exceeded $500, then I know I did not achieve the goal of my challenge.

R as in Realistic (SMART)

It is realistically simple if I do my research and plan ahead before my trip. There are many wonderful activities to do that cost far less than one would imagine.

T as in Time (SMART)

Time is a very simple factor here. This will be the biggest deciding factor in managing my budget in order to meet the challenge.

I would love to hear your comments and suggestions in regards to this challenge.